Discipline, Self-Cultivation|January 28, 2010 10:25 am

How to Leave Your Job (Tip 1)

Imagine if you were laid-off today. What would you do?

If the prospect frightens you or the only response you have is to madly send out resumes for job postings, it might be time to do a checkup on your capacities and see which ones need a tune-up or an upgrade.

Check your Financial Gauges

I was once told by a manager that a mortgage is motivation to perform well on your job. In other words (I thought cynically), one is not a slave to the job; one is a slave to the mortgage! It’s no wonder that the word mortgage comes from the French meaning “dead pledge”.

What dead pledges have you made? Is your lifestyle such that you cannot possibly afford it with any other job? If you made no other income starting today, how long could you last?

The recession has shattered the illusion of the “you can have anything you want” attitude of financial management. As it turns out, every dollar spent on a credit card is another tiny ball and chain snapped on to your neck. What freedom is there when you can’t leave your job? How maneuverable are you if you have no savings?

I use to think that paying down debts, saving money, or cutting expenses was an obligation. But today I see every dollar saved or paid down as building my “freedom” capacity, that ability to respond to challenges or take advantage of opportunities.

Take stock of your financial books, and make some decisions!

Fortunately, finances aren’t the only measure of capacity. If you’re low here, you can draw upon other capacities which will be covered in succeeding blog posts.

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2 Comments

  • Sing it, brother!

    Savings, frugality, low debt and a smaller-to-fit-one-income lifestyle have bought us security and peace of mind when one income fell into the economic abyss last year.

  • I use the “jar” method to account for my income and expenses. A percentage of any incoming dollars is divided by a percentage into a separate account each for “Necessities”, “Long Term Savings for Spending”, “Education”, “Play”, “Giving”, and most importantly “Financial Freedom!”

    Changing my way of thinking from being broke (even when I wasn’t) to being free was very liberating. I have been using this method for 6 years and I think it has afforded me my current lifestyle even during a supposed recession :)

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