How To Become Financially Stable and Keep The Job You Love

How To Become Financially Stable and Keep The Job You LoveOne phrase I often hear is “Michelle, you’re just lucky. Your story doesn’t really apply to anyone else.”

Someone even tweeted me yesterday and told me that while they liked my story, that it’s just not realistic.

I even had a friend tell me the other day that she hated her job and she felt like she was having a quarter life crisis. She didn’t know what to do next – leave her stable, but stressful job, or finally pursue something she wanted to do?

One of my top tips for anyone who wants to pursue a job they want is to work towards being more financially stable.

It makes the whole process easier because you won’t have to stress about money (as much) and you can focus on other things in life. Being financially stable can make getting or keeping your dream job more possible for many people.

 

First, lets not confuse what I’m talking about.

The job you want to pursue doesn’t necessarily have to be your “passion” or dream job. The job you are wanting can just be something that allows you to lead a less stressful life and do what YOU want to do outside of work. That could be spending more time with family, traveling, and so on.

Not everyone wants to combine their passion and their careers, and that is completely fine.

However, I don’t think anyone should ever completely hate their lives and their jobs. There are ways around that, and if you are spending a fourth of your life at your job then I think you should at least somewhat enjoy it.

 

It won’t always be easy.

I say this all the time, but great things in life don’t come easy.

A goal wouldn’t be much of a goal if you could reach it with no real effort.

Before I was able to leave my day job, I was working like crazy. I worked full-time jobs while also having a full course load in high school, undergraduate school, and graduate school. It was tough, but well worth it in the end.

You might have to work long hours in the beginning, take on side jobs (more on that below), sacrifice your social life, and more. However, it’s all about that end goal!

Related article: How I’m a Work-Life Balancing Master.

 

Cut your budget.

If you don’t have a budget, then you need to start one now.

If you don’t feel comfortable leaving the job you hate to pursue one you want, then you might want to see if there is anything in your budget you can cut. You can even go a little crazy and create a “bare-bones” budget where you cut everything you can so that you can reach your dream life a little more quickly.

Related article: 6 Ways To Be More Frugal and Save Thousands.

 

Pay off your debt.

Many people say that they don’t feel comfortable leaving their “stable” job because they have debt. Well, pay it off then!

I know that’s easier said then done, but you can always start paying it off now. Create an action plan, pay off that debt, and live a debt free life sooner rather than later.

 

You need an emergency fund.

I am a big believer in a well-funded emergency fund. We have a large emergency fund and we always have. The peace of mind it gives is well worth it.

An emergency fund helps me feel more confident in my business because I know that if one large expense pops up, or if I have a bad business month, then I can fall back on my emergency fund without feeling like I need to give up on my dream life.

If an expense pops up, you don’t want to stress about how you are going to pay for it. You also don’t want to put a large unexpected expense on your credit card that you can’t pay for because that will just lead to debt and interest charges you can’t afford either.

 

Pursue income on the side.

In some cases, you may need to pursue additional income in order to live the life you want to live. This might mean starting a part-time job, creating a side hustle, or adding passive income to your income stream.

I pursued side income for many years, and it helped me pay off my debt quickly so that I could leave the job I did not like and pursue my business full-time. It was hard in the beginning, but it all paid off and I would say that it’s one of the best things I have ever done.

Related page: Extra Income.

 

Have insurance.

Okay, this might sound like an advertisement, but I promise it is not. Having insurance (such as for your car or home), can help you lead a more stable life.

Too many people enter rougher times and eliminate their insurance policies. This can be a disaster because when you finally need to use that insurance, you may no longer have it.

I remember hearing about families who skipped out on paying their annual fire department bill (in some cities you have to pay this separately), and when their homes caught on fire, the fire department saved the people in their homes, but let the animals and the home burn down. Whether or not you agree with that, it has happened in the past, and it can happen again. It’s best to be insured.

 

What are you doing to become financially stable?

Do you have the job you want? Why or why not?

 

Traveling Galore and FinCon14

Traveling Galore and FinCon14Hello everyone! I’m at #FinCon14 right now, and I’m really enjoying it.

I love meeting new bloggers, and connecting with bloggers I already know. FinCon is an awesome conference and it always gives me a lot of motivation.

If you see me at FinCon14, please say hello.

I am a shy person so don’t hold that against me. I might also be awkward… There’s a VERY clear reason for why I’m an online freelancer haha!

If you are new to my blog and heard of Making Sense of Cents through FinCon, the insanity that Pinterest seems to be bringing in this week (around 1,000 hits from Pinterest each day this week!), or you found me some other way, below is a roundup of 10 of my favorite articles on Making Sense of Cents.

  1. My Student Loans Are Paid Off – I finished paying off my student loans in July of 2013 and I haven’t looked back once. I paid them off right after I turned 24 and it was a pretty amazing feeling. To recap, I have three degrees and worked full-time all throughout college, yet I didn’t use a cent of what I earned to pay off my student loans while I was in college. Instead, I spent that money on junk!
  2. My Business/Extra Income Reports – My monthly income reports are some of most popular posts, and they are fun to write too.
  3. My wedding pictures – I recently got married, and in this post I uploaded some of my favorite pictures. Enjoy!
  4. I’m 100% Self-Employed – My Plans For the Future – I left my day job in October of 2013 for full-time self-employment. Life has been awesome since then.
  5. Frugality And Ethics – When Is It Stealing? – Is there a difference between being cheap and stealing? Would you ever use an item and then return it? What about complaining about something fake in order to get it for free?
  6. Pursuing What I Love or What Brings in the (Stable) Money – When I wrote this post, I still had my day job. It wasn’t a bad job and it paid fairly well. However, I wasn’t happy. What do you do when this happens? Take a leap of faith or feel stuck for the rest of your life?
  7. Living In A 200 Square Foot Tiny House – Could You Do It? – Tiny homes definitely interest me. They are affordable, cute, and really embrace minimalism. However, I couldn’t do it. Could you?
  8. Why You Should Start a Blog – I love blogging. Blogging has opened up a world of opportunities for me, and I can’t even imagine what life would be like if I wouldn’t have started on.
  9. How I Graduated From College In 2.5 Years With 2 Degrees AND Saved $37,500 – Graduating quickly is a big factor as to why I was able to limit the amount of student loans I took out and it also allowed me to jump start my career.
  10. How To Make Money Blogging – I receive several emails each week asking about how a person can make money blogging. Read this article if you are interested.

 

I can’t just talk about FinCon all day. Not everyone is here at the conference and I remember the first year I was blogging and how I missed it. It was a sad time and I remember how left out I felt!

Anyway, we’ve been doing a good amount of traveling recently. I haven’t talked about it much on my blog because I keep forgetting. I post a lot about our trips on Instagram, so make sure to follow me on there.

I’m currently in New Orleans.

Okay, okay, I’m only going to talk about FinCon one more time, but it’s just to talk about how I am in New Orleans.

We are currently here and staying in a rental home close to the hotel where FinCon is at. We got a great deal, and we can bring our pups. We also have a kitchen so you can’t beat that!

The main reason we drove was because we were going to go to Florida afterwards. However, something came up at the last second so we had to cancel that. Oh well, New Orleans will still be a blast!

I have a lot planned while we are here. Tons of business-related meetings, fun dinners with other bloggers, helping out with the Plutus Awards, and more. Oh yeah, and there are a TON of great sessions for me to attend as well :)

Also, if you are new to New Orleans, I did visit last year as well. Read my New Orleans recap if you are interested in trying any of the things I did last year. We had numerous delicious meals and it was a fun trip.

Memphis.

We weren’t in Memphis long, but we were there on Wednesday and Thursday of this week. We decided to drive to New Orleans and make a stop halfway in Memphis to visit Wes’s family. His family just moved there and we haven’t really visited much, so it was definitely needed.

Not much to say here except that I love family! And I love yummy food.

Colorado.

The picture above is from our latest trip to Colorado :)

We’ve been going to Colorado A LOT lately. Wes has been three times this summer and spent a total of four weeks already, and I’ve been twice for a total of three weeks.

If that doesn’t tell you we love the state, I don’t know what will. We did some 14ers (okay, I did one and Wes did two), and they were a lot of fun. We would have done more but it rained nearly the whole time we were there.

We went at the end of August and came back in early September. It was an awesome trip except for the one hour where my being cheap almost ruined the trip.

Luckily, our road trips have not been expensive at all. We have been lucky with finding cheap accommodations, affordable meals, and our new car gets great gas mileage. I see a lot more road trips in our future!

Are you at FinCon14? What are your plans for the weekend?

What trips do you have planned for the rest of the year?

 

A Fun-Filled Vacation Touring the Northern Highlands in Scotland

A Fun-Filled Vacation Touring the Northern Highlands in ScotlandHello everyone! Enjoy this post from my blog friend Evgeniy (I first heard of Evgeniy through Matthew Woodward‘s website). This is a travel-related post that makes me want to pack my bags and go somewhere!

Anyone who travels to Northern Scotland will be struck by the sense of being in a totally different world. That is usually the first impression on the arrival of any tourist to this area.

The Northern Highlands is one of many trips that will create memories that last a lifetime.

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