My belief is that you should focus on buying value on the things you enjoy, and you should focus on making big wins to reduce your expenses on non-essentials and things which don’t bring you joy. For example, in our family eating out is a treat. We save a lot of money by not dining very often. But, when we do dine out we focus our efforts on nights where kids eat free. Not only do we save money this way, but if my son decides that tonight’s dinner choice is not high on his list of priorities, we didn’t waste money on a meal. This takes the financial tension out of any wasted food and allows my wife and I to enjoy the meal more.
Experience. Whatever area you want to work in as a consultant, you must be able to show clients that you’re qualified to advise them. If there are organizations related to your field, make sure that you’re a member of them. Similarly, if you can take a course and become certified or registered in your field, do it and then add that to your credentials.
What makes even more surprising is the variety of positions available remote through the company. In fact, a search of their website using the term “work-at-home” turned up more than 1,000 positions. They include jobs in everything from customer service to clinical care. Nursing is naturally a common position, and one that’s often available on a remote basis. They’re often needed for online or phone consulting, both to provide clinical information and to direct incoming callers to direct care services.
So now you know why the net pay printed on your check differs from your gross income. This after-tax take-home income is the number you’ll need to start budgeting, but you’ll want to add back in any savings and insurance contributions that were automatically deducted. These automatic contributions are part of your budget, and you’ll want the ability to break them out of your total take home income into different budgeting categories.
About the list, this is extremely helpful. I know some coaches who are already earning a lot of money and would choose to get paid for the information that they know but you, you choose to share it to everybody else free of charge. Be a proud brethren of Christ because this is his very attitude. I say this is an act of love. May it be returned to you and your family a million fold.
Harris, I think it depends on several factors. First, I recommend having a well established emergency fund that will be enough to cover several months living expenses. This will help you cover any unexpected expenses and avoid taking out additional debt. Next consider other short/medium term goals. For example, are you saving to buy a house, do you need to replace your car in the next two or three years, etc. Finally, consider the interest rates of your student loans and what you may be able to earn in an IRA and decide which option is best for your needs. Investing for retirement now could be a huge benefit for you and your wife when you reach retirement age, but eliminating debt increases cash flow and gives you peace of mind. Both options are solid. Best of luck.
Based on this information, you’ll see how much money you will win if you meet your goal. I put in some fake numbers (I don’t have weight to lose) and my winnings after my bet would be $169.40 which would be a 56.33% return on my investment in six months. There aren’t many investments that give you that kind of return and you get to control whether you win or not. Pretty cool!
Food. The second word in “Bed and Breakfast” is just as important as the first. Some B&Bs have tried to serve their guests muffins, juice, and coffee in the mornings, but the most successful hosts understand that the breakfast they serve will make a lasting impression on their guests. You can get creative and serve the type of breakfast traditional for the area that you’re in. For instance, if your home is located in the South, then eggs, grits, and biscuits may go over well, while Southwest guests may appreciate a traditional Tex-Mex meal. Whatever you decide, make it memorable and make sure that your guests feel welcome and appreciated. Make it memorable, and they’ll spread the word for you.
Developing the discipline it takes to pay yourself first is a process, and so it’s helpful to use automation tools to help hold yourself accountable. You can set up automatic paycheck deductions for your 401(k) or IRA so that savings is automatically deducted. You can also use a savings platform or application to set up automatic savings contributions.