Making the decision to quit your job to pursue self-employment is a tough one. You are leaving the world of comfort and familiarity (and a steady paycheck), for a world full of unknowns.
Let’s face it. Spending money is more fun than saving money. Spending money on things you want, when you can afford it, can feel empowering and give you a sense of accomplishment. Conversely, saving money can feel like a chore and can feel limiting. Saving is often equated with having less or cutting back.
One of my biggest trepidations with quitting my job, was the fact that I am still in debt. Giving up the consistency of a 9-5 with a regular paycheck seemed absolutely crazy. I gave up the regularity of 2 checks each month, for the wild world of self-employment.
Most of us grew up believing that the path to a high paying career started with earning a college degree. But for many, earning a college degree comes at a stiff price. Instead of leading to a high paying career, the price of a college education has left many graduates with staggering amounts of debt.
Owning a home is still a large part of the American Dream. While that dream has shifted in recent years with the housing bubble, it is still a goal for many and an investment that can pay off in the long-term.