Let’s talk about money and accountability.
1. What is your monthly income? So many people do not know this! I have an insurance business for over 10 years and when I ask this question the most common answer is, ” I know what I make a year and how much taxes I pay every year.” That is not enough! In order to financially plan well you need to know what your monthly expenses are whether it is 1,2, or 10 thousand dollars a month. Without the answer to this question you have no idea how to prepare for a new career because you have no real idea of how much money that you need to make every month.
Include in the planning everything….even your fun. Let’s be that analytical. For example the specialty drinks you buy can add up to over $100 a month.
Once you know your real monthly bill you now know what the bare minimum is that you need to earn every single month.
2. Are you in debt? How much? Do you need to make payment arrangements? How are you handling your debt? Are you staring at your paperwork…not answering the phone etc? Is bankruptcy the answer? I can not answer this however meet with a financial planner. They are not just for the really wealthy. Many planners will meet with you for an hour or two for a fee….and it is worth it if you find a good one. Make sure that they are certified, do monthly budgeting, can give you advice on negotiating your bills and making payment arrangements. If you really can not afford this find a good friend and/or someone that you trust to do this with.
3. You now know your monthly income that you need to live and your debt. You now have established the real number that you need to earn to live. What is the plan to do this?
Deep breath…no fear while working…each task is simple and you just keep going. Next post we start on a plan.
Thanks Casey for allowing me to invade your space. We will help thousands of people. I am a member of Casey’s Platinum Inner Circle and so far I have personally invented my career 3 times in my own cancer journey. I have had stage 4 cancer for over 10 years. Join me in this series on reinventing your career.
I am 57 years young :). I am a professional Patient Advocate. I negotiate medical bills. I had an insurance business for over 11 years. I have a great time helping small businesses with their marketing needs using Send Out Cards. If you want to join my circle or have questions about anything that I do you can email me at amyreg@aol.com. Next post is coming! Have a great day!
