Personal Independence

You probably spent this week celebrating our country’s independence, but have you given any thought to your independence as a worker? If you lost your job or became ill tomorrow what would happen to you? Isn’t it time to begin planning your own personal independence from your job? {{more}}

Spend a little, save a lot. When it’s time to get paid there always seems to be a multitude of bills, seemingly pressing needs, and things that are all aimed at your wallet. Discipline yourself to save at least 10 to 20 per cent of your income and begin to look at ways to prepare for your retirement even if you are 20-something. Credit cards, although convenient when travelling, are to be used responsibly and should never have a choke hold on your finances.

Develop your skills. True independence does not begin until you have other options, and the quickest way to expand your choices is to develop your skills. Learn something new – a computer programme, take a writing class, obtain a new degree online or locally, and do not discount the many free and fee-based short online training classes. Visit www.barnesandnobleuniversity.com for a few FREE courses.

Stay connected with others. A solid network of supporters, advocates and friends makes it easier for you as an individual to gain your independence.

People always do business with other people they know and like, thus the more quality business relationships you have the better your chances are of having more options available.

Develop multiple streams of income. Generations before understood the need to have a few different avenues that produce income. In the event one stream dried up, there was always something else. Unfortunately, today’s generation is slowly moving away from that concept and relying on one job only for survival. Having an education does not guarantee a job so it’s even more crucial for individuals to be creative.

True personal independence is knowing that a few missed days or even weeks from work will not be detrimental to you and your finances. It’s pouncing out of bed on Monday morning and being excited about going to work instead of dreading every minute of the job; it’s coming home from work and still having enough time, energy and calmness to actually enjoy time with your family. This independence does not happen overnight and is not reserved for the old, gray or wealthy only, but it does exist for the smart and strategic person who understands the value of time, life, freedom and finances.

n Your article ideas are welcomed. Send comments and suggestions to Karen@KarenHindsSeminars.com. Karen Hinds is an international author, speaker and consultant and president of Karen Hinds Seminarss