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Financial Freedom

Well, its official. I have turned in my two week notice at my current position and I am pursuing other options. We have enough of a padding to last long enough for me to sort this out. (My fear is talking there)

I’m very happy about this first decision and I have lots of options. Nonetheless, I am very much struggling with this life decision. The lucky part is that I can actually make this choice with the career path that I have in web design and online marketing. Here are my options:

Option 1: Accept a FT Corporate Job - The “Logical” Choice

Pros

  • Steady income to support my family, benefits (health, dental, paid time off)
  • Opportunity for learning from others and new environment
  • Career growth potential
  • Escape from the cubicle and florescent lighting

Cons

  • Not enough time to do my freelance work, be a mom, take care of the house, etc
  • Potential to be ‘more of the same’ in terms of politics and personalities
  • 401 K hasn’t been a reliable investment vehicle for retirement

Option 2: Accept PT Work + Freelance/Businesses - The “Tempting” Choice

Pros

  • Flexible hours, variation in work
  • Ability to pursue many projects and avenues (web, businesses, writing)
  • Pontenial to be happier by feeding my creative outlets, feeling of acomplishment
  • Ability to help many small businesses and increase networking
  • Ability to be there for my daughter more, especially when she is sick

Cons

  •  Inconsistent income, no protection from month to month, no paid time off
  • Have to work at ensuring I have additional work
  • Location of jobs may vary, though remote is very possible in my industry
  • Administrative duties increase, have to take care of own taxes, health, investments
  • Might be lonely working alone majority of the time

I want to live every day as if it was my last. I want this thing called life to matter. And I don’t know how I’ll ever be able to do that if I can’t do more of the things that I want to do with my time. Having a little 2 year old means that I don’t have any ‘down time’. The time I have is absolutely precious.

But whether I’m following my heart and whether I’m taking care of my responsibilities might be two separate things. I am the sole bread winner right now in our household. Is this just a timing issue or is it the right time to make the leap?

I’ve made a hard choice which is to quit my job to start to really craft the life that I want to lead. But now I need to get more specific and really play out what my life will look like depending on what path I choose.

If there’s one thing I’ve learned it is that there are no black and white answers. I’ve  also learned that people are willing to be flexible working with you if they truly value what you offer.

Often times its fear that prevents us from taking a leap. If I can get past the fear, what choices would I make?
Option 2 hands down. Can and should I overcome this fear?

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How to Save Money Dying Your Own Hair

March 4, 2010

Dying Your Hair at Home without it Turning Green or Orange

HairThis post is for the ladies, but if you’re a guy, send it to your friends, girlfriends or wife, they’ll thank you!

First off a note: Use this ‘advice’ at your own risk. I take absolutely no claims for your own use or misuse of hair dying products. This post is simply a few tips I’ve learned that have helped me save some money without compromising my style too much.

I have experimented with dying my own hair for years now, and I’m not going to lie, I have had some green and orange experiences.

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How to Choose? Pay Off Debt, Save, Invest or Build a Business

February 23, 2010

In my pursuit towards financial freedom, I have been able to narrow down my goals and realize key elements that I want to focus on for my career and life style.

I have now managed to categorize and budget my expenses, long term and short term savings accounts, and I have begun to understand tax rules and how they affect investment accounts and options.

Nonetheless, I still find it difficult to determine the order and priority to assign to saving, paying off debts, investing, and business start ups.

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Launch of my New Business, OnTimelines.com

February 17, 2010

Since I began this blog I have been interested in starting businesses that are product rather than service based. I have taken that leap with my new, still working out the kinks website; ontimelines.com.

Based on the wonderful feedback from this website, I have realized an area that I really want to focus on further and offer help to others: Planning and organizing.

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Recovering PC User Tells All: Why I Obsessively Love my Mac

February 11, 2010

Alright, this post is just a shameless plug for my iMac. But really, this computer has allowed me to use so many organizing and helpful tools so that I can expand both my business and improve my use of time. I know this is a bit off topic, but I just have to share some of the reasons why my Mac has made it possible for me to progress my quest for organizing, budgeting, and overall happiness since I have owned it.

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Many Popular Financial Advisors Don’t Have Kids

February 4, 2010

I am curious if life is made up of Either / Or choices or if it is truly possible to have life full of ANDs. I’d like to believe it is possible to keep adding ANDs to your life, yet I know that at some point your plate gets full and you have to take things off.

So, what do I mean by and AND life versus and OR life?

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Having a Clear Life Vision

January 29, 2010

A recurring theme that I have heard and read from ALMOST ALL of the books on wealth and prosperity involve one consistent thought: Documenting and staying focused on your vision.
This is taught in many ways. Some people prefer to clip pictures together from magazines, etc to have a visual representation of their future desires. Personally, [...]

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Confidence, Purpose and Marketing: Ingredients for Success

January 28, 2010

I had the privilege of listening to a thoughtful free webinar by “conscious” entrepreneur Max Simon in which he interviewed Vishen Lakhiani on the concepts of creating a wealthy mind. He also spoke about how to turn a business from performing so-so to really reaching a ‘turning point’.

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Best Online Goal Tracking Tools for 2010

January 24, 2010

There are many online tools available for keeping track of and measuring progress on your goals. Many corporations have started to incorporate goal systems (Success Factors is one example) and S.M.A.R.T. goals. Not all goal systems utilize this method, however, it is widely accepted as an excellent way to achieve results with your goals. The following is a look at how to measure your personal goals and a review of some of the best online tools for measuring your goals.

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