Financial Freedom

Have A Fall Back Plan Before You Leap

fallbackplanLiving Your Passion isn’t the easiest thing in the world but it is possible, especially since a college drop out like me is doing it. So I know you can.

But before you throw caution to the wind and quit your day job, be sure to have a little pillow to live on.

By little pillow, I mean some savings or, God forbid , a back up job.

I know I’ve said that a “Real Job” is no place to live your life, but either is out on the street.

So there’s nothing wrong with having a back up plan, especially if it will help you decide to start Doing What You Want.

So make sure that you are stashing away what you can. The more you stash, the faster you can Live Your Passion.

But don’t get hung up on the amount that you should have because that will just hold you back and keep you from taking the leap.

Think of a number right now that you would be comfortable with in savings as a fall back. Don’t ever change that number unless you add a new member to your family.

If you change it, then you’re just scared.

Don’t be!

You made that first number because that’s your comfort number. The closer you get to it the more you might get scared and start doubting yourself.

Stop!

The time is here and now. You’ve made it this far to save up enough to take the leap.

Take it!

And don’t ever look back.

You’re free and time is now on your side.

So start stashing money into your freedom fund and don’t stop until it’s time to jump.

Be proud of your self.

While you’re saving, start Living Your Passion on the side to make sure you found one of your passions.

Having a fall back plan will make you more confident that you can take the leap and won’t have to worry about having to go back to The Man.

Help others prepare to take the leap but Tweeting and Facebook sharing this post!

 

Comments (3)

  • Have A Fall Back Plan Before You Leap…

    Living Your Passion isn’t the easiest thing in the world but it is possible, especially since a college drop out like me is doing it. So I know you can. But before you throw caution to the wind and quit your day job, be sure to have……

    Reply
  • Its important to take some risks- the whole two parking tickets a year thing. I just made my own jump but not before saving up a year and really evaluating the risks. Good post.

    Reply
  • Very good points, it’s OK to take chances and step outside of your comfort zone, just so long as you have a cut-off point and a fall back plan in case things don’t work out exactly as planned.

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