(323) 863-3603 admin@ourmilkmoney.org
Can You Afford To Quit Your Job?

Can You Afford To Quit Your Job?

Resource Articles, Uncategorized

One of the biggest misconceptions that parents who want to quit their job make is in the financial preparations. If it takes at least a year to build a business from home, then logically that would mean you would need to save at least your full annual income to live off of in that year, right? WRONG.

No wonder so many people think it is impossible and remain STUCK in a less than desirable situation.

The good news is that you are NOT STUCK.

The bad news? There are still sacrifices to be made.

Before losing all hope, create a financial spreadsheet. Cut out all of the expenses that go along with working outside of the home, such as daycare expenses, house cleaning, commuting, etc. With your spouse’s income, you should only be in the negative $200-$500 a month. If you are higher than that, go back to the drawing board and see if you can’t cut something else out. Sacrifices will need to be made for a short time.

Once you have gotten your expenses down to no more than -$500, multiply THAT amount by 12 months.

For example: 500 x 12 = $6,000

Now isn’t that a more logical annual goal to save before you quit your job? $6,000 is much more attainable to have saved than $60,000, and should minimize the fear of jumping without that safety net.

Furthermore, this now gives you a new income goal as a first time business owner.

You have enough of a safety net for a year… and that is more than enough time to get your small business up and running. Remember, you don’t have to REPLACE your monthly income. The goal now is to earn $500/ month. Sure, it may take you a few months to get there, but when you do, you won’t have to dip into your safety net anymore… or if you have a down month, your safety net should still be there for you.

Don’t look now, but you are self-employed.

Before you know it, you’ll be thriving as a self-employed career parent. You may even get used to the less expensive way of life. Once business picks up, you’ll need to think about how to scale it up, hire some outsourcing support, or even scale it back for busier times of the year. You got this!

It’s Okay for Kids to Play in the Living Room

It’s Okay for Kids to Play in the Living Room

Community, Family, Member Contributions

Do you work from home? Would you like to? More and more people are moving home to work, and I couldn’t be happier for them! Although the circumstances around these situations aren’t always the best; lost jobs for instance, I firmly believe that at least for women, families are much happier in the long run. Even if it means sacrificing a playroom for a home office, kids will have a better life with Mama close at hand. Trust me, it doesn’t take long to get used to picking up toys off the living room floor every night. Think of it as exercise. Back straight, bend, squat, up and again…2,3,4.

I went back to finish college when my firstborn was 3 months old. (Insert sound of heart wrenching). A couple of years later, after waiting tables for a full year while trying to launch my business, I was finally able to chuck my apron, pack my brief case and come home. I’m still working from home 25 years later. (Check my notes on face book for the whole story).

There were a couple of stints over those two and a half decades that I tried to – brace yourself, I’m about to say it – work a job. There. Whew! I got it out. Those experiences lasted about 6 months each and were truly wonderful in many ways, but honestly, I couldn’t wait to get back home. Besides, I was still running my home-based business so my work load was heavy.

Are you contemplating a change of lifestyle? Would you like support? Please email me privately at successmadesimple.jc@gmail.com and I’ll sign you up for Two Months FREE Membership to my monthly Mama Come Home! teleclasses.

Judith Cassis,C.Ht. is a Personal Development Consultant with 26 years experience. Known as “The Bounce-Back Coach”, she works with people who are “bouncing back” from failure, loss or tragedy. Judith is co-owner of a small newspaper,Tidbits of Santa Clarita Valley, www.tidbitsscv.com a family business she and her husband, Lee Cadena run with their sons. Through a monthly teleseries, Mama Come Home, Judith supports mothers in staying home or returning home to raise their children.