30 Oct 09 Joe Wonders, Should He Quit His Job Part – 2

Through this series, I am attempting to help Joe who wants to change is current job, but he is very much confused. He is not sure, if he is making a right decision or not. In the first part of the series we asked Joe some questions about his current job. In this part, we will ask questions about Joe’s financial condition and will also ask Joe to evaluate himself in terms of finance.

Analysis of Joe’s financial condition

Before Joe can jump out of his current job and take up a new venture, he needs to understand his present financial condition. If he is not very much sound financially then he should stick to his current job until his financial condition improves. To find out how healthy is his financial, Joe needs to ask the following questions:

How good is your credit rating? Joe needs to have a very healthy credit rating before he should quit his job. If his credit rating is not good then Joe should stay in his current job and build a strong credit score before he can think of quitting the job.
Can he sustain his life for six months without a regular income? No matter how starry-eyed Joe is, he will not be able to make any difference, if all he got is dream. He needs to think about his family and their life. He needs to put bread on the table, pay his bills, support his child, and have some savings for medical and other emergencies. And if Joe can do all these for six months then Joe is good to go. He should quit the job and chase his dream. Six month is a long time, if his dream is realistic and executable, he can start anew in this period.
Does he have sufficient savings to support his dream?
From where is he planning to get financial support to go all in?
Does he have medical and insurance policies in place? When is the premium due? What if he fails to make the premium? How much will it affect his and his family’s medical and insurance coverage?
What about his retirement plan? How will it get affected if he fails to make deposit to his retirement fund?
Is his wife earning? Can she support Joe’s family? And for how long can she do so?

Joe would not like to put his family life in jeopardy by making a reckless decision. Hence, these questions are worth considering before he could bid adieu to his current job.

Tags: Chase, Credit Rating, Credit Score, Emergencies, Finance Analysis, Insurance, Insurance Coverage, Insurance Policies, Job, Long Time, New Venture, Pay Bills, Retirement Plan, Right Decision, Six Months

Filed in Jobs with 0 Comments

28 Sep 09 Daily Time Management Tips – 2

Let’s being this part of the Daily Time Management Tips series with a brief plan for the day. Today, I will discuss about importance of planning, and when to do what kind of work etc. After reading this, you will also know how to handle emergencies, and I will tell you why not to eat.

Avoid Oh F@#$! Moments

Plan your day in advance and avoid those “Oh F@#$!” moments. A detailed plan saves you from the misery of forgetting important deadline that lasted just 5 minutes back. Plan your day and put a tentative time stamp against it. If there is something that needs your immediate attention, mention it there, or mark the entry with red pen.

20% Free for Emergencies.

Well, I am not announcing any sale here. All I am saying here is to have round 20% free time everyday for you. This will help you do your own work, and if something urgent comes, you can use this time to do that work.

Think Big, Do Big

Do not worry I am not suddenly smitten by “positive thinking” bug. The heading meant to attract your attention towards a very important thing and that is this: Do your big, bulky works early in the day. Once this monster is done with, you will have the entire day to yourself, which you can distribute judiciously between several smaller works.

Do it Right the First Time

This is important. If you develop this habit of doing the thing right in the first go only then you will save yourself the agony and horror of corrections. Admit it, we all hate it. On the face of it, doing it right in just one go may look slightly time taking, but believe me it is not. Test it yourself.

No Heavy Lunch Please!

Eat less in the day, and avoid heavy lunches. A heavy lunch makes you sleepy. Start eating less than what you usually do.

Tags: Agony, Emergencies, Free Time, Habit, Heading, Horror, Importance Of Planning, Lunch, Misery, Monster, Positive Thinking, Red Pen, Tentative Time, Time Management Tips, Time Stamp

Filed in Jobs with 0 Comments

30 Oct 09 Joe Wonders, Should He Quit His Job Part – 2

Analysis of Joe’s financial condition

28 Sep 09 Daily Time Management Tips – 2

Avoid Oh F@#$! Moments

20% Free for Emergencies.

Think Big, Do Big

Do it Right the First Time

No Heavy Lunch Please!

Translator

Recent Posts

Blogroll

Categories

Gossimer Press Releases

Gossimer News