Working in a trade, (no matter what industry it is) can be hard on your body and will wear you down eventually. The question you should be asking yourself is ‘How do I get off the tools, but still make money?’ Not a simple question to answer for most, there are so many factors involved. Like any job, if you don’t have savings to keep you afloat, you need to have some sort of financial plan in place, or another job already lined up before you quit the job you already have.
But what if there was a way that you can set yourself up, so that in just a couple of years, you could down tools, and kick back, while working from home, for yourself? There are of course, many ways you can do this, by starting a business which will most likely have a large financial outlay, or doing something you have never done before, in an industry you have no experience in, forcing you to take a huge pay cut from the job you already have.
Here are 5 easy steps to becoming stable enough financially, in just a few short years to get you off the tools for good.
Spend your money wisely. If you don’t NEED it, don’t buy it. Be extremely thrifty when you can, because every dollar counts. If you want to be free, you need to calculate every dollar in, and every dollar out. Without this, you might as well forget it.
Focus on removing your debt as quickly as possible. If your car loan is $600 a month, pay $800 if you can afford it. Stop using your credit card, and get the balance down, or talk to your bank and have it transferred to your loan, so you don’t get sucked in to the temptation of spending unnecessarily. Removing debts quickly is so important if you want to succeed in the plan, but it takes some serious budgeting and dedication to make it happen.
Create new habits and stick to them. It takes around 21 days on average to create a basic habit (like drinking a glass of water at a specific time of day) and on average it will take around 66 days to make a more complicated habit, like sticking to a budget. So, if you create a budget, create it for 2 months and do not stray from it unless it is a true emergency.
Create an emergency fund as part of your budget. Of course, only use it if truly necessary, but build on it every week as much as you can, it will also come in handy with step 5.
Invest a portion of your savings and watch it grow. Right now is a really good time to devote some of your savings into one or more investments. Learning about currency exchange is one of the best ways to create solid wealth profits, by applying just a small amount of time and knowledge every day. Adam Truelove, Trading Floor Manager at Learn to Trade says with a Learn Forex course, anyone can be trading currencies in a short amount of time, and earning extra money to set themselves up for a great financial future.