2215: [Part 2] How To Quit Your Job And Become Self-Employed - 5 Steps For Success by Michelle...
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Episode 2215:
Michelle Schroeder-Gardner finishes her guide to quitting a day job and becoming self-employed. In this second part, she explains why self-employed people should save six to twelve months of expenses in an emergency fund, why setting aside around 30% of income for taxes matters, and how forming an LLC or S-Corp separates business and personal assets. She closes with the final step of giving notice, and notes that paying down debt first makes the leap into entrepreneurship far less stressful.
Read along with the original article here: https://www.makingsenseofcents.com/2022/01/how-to-quit-your-job-and-become-self-employed.html (https://www.makingsenseofcents.com/2022/01/how-to-quit-your-job-and-become-self-employed.html)
Quotes to ponder:
"An emergency fund is extremely important when running your own business."
"Don't let this part of running your business prevent you from starting one."
"It may sound like being self-employed is scary or stressful (it can be at times), but it's mostly amazing."
Optimal Work Daily is a daily career advice podcast where we narrate the best articles on productivity, entrepreneurship, and work-life balance, read to you by a professional narrator so you can grow your career a little more every day.
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