Tag Archives: work

How to Financially Prepare for a Job Resignation

One of the starkest realities regarding the professional world is that people often quit, or resign from, their jobs. This can happen for many reasons; sometimes people have to relocate, move across country, or a new opportunity presents itself. In other scenarios, the employee may be displeased with new management, the workplace environment, protocols, customers, etc. Regardless of the associated reasons, job resignations are simply inevitable parts of life.

However, there are right and wrong ways to go about resigning from a current position of employment. Job resignations furthermore require considerable financial preparations. These are very critical factors which working people should be aware of before telling their employers “I quit.”

Cover Your Bases

Despite the reasons tied to a job resignation, having one’s own bases covered is absolutely paramount, as affirmed by The Penny Hoarder. The individual who is going to resign should ideally have another job lined up, run a side business, or otherwise maintain income to replace their soon-to-be-gone revenue stream.

In addition to ongoing streams of income, people who are preparing to quit their jobs should also have a considerable amount of funds in their savings accounts. Financial experts generally recommend having at least three to six months of living expenses saved up, although some specialists are now advising individuals to put aside six months to one year’s worth of living costs.

Settle All Debts

One of the most common sources of financial hardship is unpaid debt. These debts can become especially problematic when someone leaves their job, thus cutting off a stream of income. For this reason, Mint advises that people completely pay off any and all debts which they may have incurred before going forth and exiting from their current jobs.

Try to Exit on Good Terms

Not everyone exits their jobs on amicable terms. In many cases, conflict with management, undesirable professional circumstances, and other related factors are determining motivators behind a person’s decision to quit their job. Even under the aforementioned circumstances, The Balance still advises individuals against badmouthing their soon-to-be former employers or otherwise burning professional bridges.

In many cases, new employers consult the former bosses of potential hires. For this reason, blasting a manager can easily backfire and even halt potential, forthcoming employment.

Try to Cut Back on Expenses

Even with a sizeable amount of saved funds and additional revenue streams, cutting back on incurred expenses is advisable, if at all possible. Ideally, people should not be dipping into their savings unless it’s absolutely necessary. However, not everyone has the means or flexibility to reduce their ongoing expenses. The cost of living is not cheap, by any means.

A Final Word

At the end of the day, each individual has to determine whether or not they are in a comfortable and financially safe position to quit their job. If a work environment is truly toxic or unhealthy, an employee should definitely escape and seek out financial prospects of a higher quality; the negative offshoots of a destructive work environment are well documented. However, most individuals will ultimately benefit from saving money, settling debts, leaving their jobs on good terms, and reducing current expenses, if at all possible.

 

Authored by Gabrielle Seunagal

How to Start a Successful Fitness Career

The benefits of physical fitness and exercise are well documented: stronger muscles, brain health, lower risk of cardiovascular diseases, etc. More and more people are signing up for gym memberships, going on walks and runs, and otherwise finding ways to pencil in exercise and physical activity into their daily lives.

However, other people are taking fitness and all of its benefits to the next level; some individuals are so passionate and committed to exercise that they actually want to make careers out of it. This can be done and many have gone on to start and maintain highly successful fitness careers.

Nevertheless, the inevitable questions still remain: What is involved in launching a fitness career? How does someone get started? How do they maintain and grow their business following its inception?

Assess Your Options

Believe it or not, there is more than one way to bring a fitness career into being, as explained by Precision Nutrition. One option is to pursue a university degree and study anatomy, exercise physiology, and biochemistry. While some people may see going back to school as a lucrative investment in a forthcoming, fruitful career, this particular route can have some unanticipated downsides.

A traditional education will allow the aspiring fitness aficionado to study the aforementioned subjects, but they won’t learn much about the business aspect of a fitness career or change psychology. Moreover, a university degree can take anywhere between 2-6 years to earn; the associated financial costs alone can also be enough to put someone in considerable debt. Starting off a business in the metaphorical hole is never the most advisable idea.

Thankfully, a formal education is not the only path to a successful fitness career. The alternative option is to become officially certified as a personal trainer. This can be accomplished at a much faster rate than acquiring a university degree and moreover, it provides the individual with the opportunity to learn physiology and anatomy at a speedier and much less expensive rate. While learning about the business aspect of a fitness career is still missing from this path, the aspiring fitness aficionado can learn business tips from a mentor and/or from observing and working with someone who currently enjoys and maintains a successful fitness career.

Slow and Steady Wins the Race

As the old saying affirms, you have to crawl before you can soar. This is especially applicable regarding the creation of a successful fitness career. American Council on Exercise explains that even after someone has earned the necessary credentials needed for their chosen profession, it will take time before they’re world-renowned success stories earning six and seven figures on an annual basis.

In the very beginning, brand new trainers may start off with a few select clients. However, new fitness aficionados will find that those few select clients will comprise the foundation which allows them to launch their careers. Marketing and self-promotion via social media, online websites, advertisements, etc will also prove valuable to people who are working on their fitness careers!

Never give up and never stop working to take your fitness career to the stratosphere!

 

Authored by Gabrielle Seunagal

An Overview of Freelancing and the Gig Economy

As the world changes, so do work options and the workforce in general. The inevitable emergence of artificial intelligence and automation has also played a role in the shift and perception of work. Traditionally, when most people thought of work, they were reminded of a specific place where they went to offer a particular service or product. However, this, too, is changing. More and more people are rejecting notions of traditional work and pursuing other options and avenues such as freelancing and the gig economy. Findings from the Harvard Business Report moreover affirm that over 150 million individuals across North America and West Europe are pursuing the aforementioned work avenues.

Thriving in the Gig Economy/Freelance Market

Many people dream of a carefree lifestyle where they can work when they want, how they want, and where they want. Despite the possibility and attainability of the foregoing lifestyle, it does not come without hard work. The first year as a freelancer can be most challenging. It takes time to network, get work from various customers, and build up a network of clientele. However, with persistence and gumption, it can be done.

One of the most important, yet frequently overlooked requirements for freelancers is the ability to work well with others. While many freelancers can work from their laptop in any location with internet access, they still have to interact with the clients who are contracting their services. The clientele is absolutely paramount to success in the gig economy. Without clients, freelancers have no business or autonomy.

Freelancers and others who work in the gig economy must also meet deadlines, complete assignments, and communicate with their customers. All of this goes back to the ability to work well with the clientele that breathes life into the freelancer’s ability to do what they do. The preceding requirements are applicable regardless of whether or not one is a freelance writer, editor, graphic designer, etc. While each field varies, the general must-haves remain the same across the board.

Getting Started in the Gig Economy/Freelance Market

When breaking into the gig economy, one of the most important factors entails knowing where to begin and how to reach clients. Thankfully, there are many job platforms such as Upwork, Fiverr, and Freelancer which are excellent for freelancers at all levels. Not only do the aforesaid platforms connect freelancers with clients, but they also allow freelancers to market their skills and abilities on their profiles. Clients who have worked with freelancers can then leave feedback on their profiles. If the feedback is positive, it may result in additional work. Feedback from past clients can also impact whether or not future prospective clients choose to do business with a freelancer or move onto others. As previously stated, clients are the ones who make it possible for freelancers to succeed in the gig economy.

A Final Word

There is no step-by-step success manual on how to succeed in the gig economy. Each freelancer will inevitably encounter their own difficulties and struggles that they must overcome in order to enjoy the perks. While each journey varies, the right tools, a strong work ethic, and the determination to succeed will make all the difference in the world.

Authored by: Gabrielle Renee Seunagal