Ep# 145: How to prepare so you are confident when you give your two weeks' notice

Are you unsure about leaving your 9-5?

If you’re unsure about leaving your 9-5 then this episode is for you. 

I talk all about making a decision and how to have a discussion with those who may be affected by your decision.

Focus on getting those bills and any debit paid off or paid down so when you leave there is no hardship.

And save, save, save! Know and understand how much you need to save before you make a move.

Transcript

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Hey there. And welcome back to another episode of the helices Dorsey podcast. So in this episode today, I am going to talk about how to prepare. So you are confident when you're giving your two week notice. So you may have. Listen to previous episodes that I've done. And I stated that I gave him my notice and I left my nine to five of 18 years. And definitely review that episode again. But I want to give you some context as to if this is something that you want to do. How can you peep. Pair yourself. So when you do give that notice, you can leave confidently confident in your decision, confident and your finances and. Confident in your overall wellbeing. And this is some of the things that I had to go to go through as well. Yes, it is a difficult decision, but you definitely need to make a decision. So that's number one, you need to make a decision and a non. Make a decision based on, you know, your emotions, but make a decision as to, is this something logically? That I need to do, do it make sense? Okay. So number one, you need to make a decision. Number two, you need to have a discussion with those who your decision may affect. So it could be your spouse. Maybe you are taking care of your parents. Maybe you're living with your parents. Maybe you are living with a family member or something like that. You need to have that discussion. With those who your decision may affect. Okay. A lot of times you know, spouses are 100% supportive. But some spouses aren't supportive. So when you present your decision when you make your decision and you present to who you need to have that discussion with, definitely sit down, list all the pros and cons of you leaving your job now. If you want to leave your job. To get another job. That's a totally different thing. So I will say, you know, definitely start looking now for another position or another job somewhere else at another company. But if this is for those who are leaving off. And wants to do their own thing. One to do. Their own business or want to hone in on that side hustle that they've been wanting to do. Full time. This is basically what this is about. This is the tips that I'm giving you, because I want to start my own business. I wanted to do my own thing, my own side hustle and not going to another employer. So these tips are for that reason. Okay. So we first made the, make a decision. We'd have a discussion with those who the decision may affect. And number three, get those bills down or pay. Some stuff off. So, what you want to do is you want to do a monthly audit. Of your statements. So print out all the savings that you have and do an assessment. See, what are those reoccurring fees is coming out? Normally it's probably like a Netflix or Hulu or maybe Amazon prime. And the reason why I call those hours because I'm guilty of all those three. But what you need to do is you need to go through your statement and use to look at it, get a highlighter and highlight the things that you need. Highlight the things that you don't need and highlighted things that you can get down. So you want to have maybe three or four different color highlighters. And mark them up. Okay. You want to basically get rid of. Or eliminate as many bills that you don't need if you're not using it. Give her that fit, please. Like show time or had a show time or something like that. And we was watching a particular show after the show was done. It's like, okay, it's time to turn it off. So you know, Cable is okay. K having cable, having Shroom service is okay, but I will say hone in on maybe one or two streaming services and that's it. Like for me, I have Hulu because Hulu is live TV and has all the channels that we watch. So I have Hulu and I definitely have Netflix because Netflix. Has all the updated shows. A lot of the shows that we like to watch is on Netflix. So I keep Netflix, I also have Amazon prime. I like having Amazon prime super because I do purchase things that with quote, unquote, need. Not what I need from Amazon. A lot of household things, so I have Amazon prime, but with Amazon prime, They also have Amazon streaming as well. Amazon video, I should say. And I like it because they have like a lot of good movies on Amazon video. That is like a combo in itself. Not only do I have prime, I have prime video. Think of those things, like what are things that you have that is already bundled? It has everything that you need maybe a little bit of wants, but have needs in one package. And number four is safe, safe, safe know how much you need to say for that exit. Okay. So after you've done all your bills after you've. Assess what you need, how much money you need a month to pay your bills. What you're gonna do is you're gonna say, okay, well, how much do I need to save? And order to have money to pay my bills and still get food and be comfortable. After I leave. They always say three to six months worth of your salary. But I like to say after you've gotten. Eliminated those bills that you did need you're going to have extra cash so that extra cash Well essentially Can go for food or your play money So it's if you're looking at the big picture of it is not the is not a what how much you need to pay everything that you're paying right now It's how much you need to pay everything after you've eliminated everything that you need to eliminate or pay down everything okay The goal here is to get your bills down as little as possible And save as much money as possible as well I've take an assessment of all my bills I eliminated those bills that i no longer need no longer have paid off debt and that's the number one thing the debt like those credit cards or student loans those things are a killer those are the those are those bills that i would say intimidating and stressful at the same time like you can never get ahead when you have those type of bills So you know think about okay What how much do i need to pay those troublesome or Those headache bills off and go from there and work backwards yeah So to wrap up first you're going to make a decision Okay you're going to have a discussion with those who your decision may affect You're going to get those bills down or pay some stuff off and then you're going to save save save and you got to find out how much you need to save in order to live comfortably or have cash in the bank After your exit and the event that your business doesn't take off You know as fast as you thought it would be or in the event that you just needed some time in between employers to kind of like get your thoughts together So if you like these tips, then you can definitely download my guy that I have. Just for you is called unlocking your exit plan five things you need to do before leaving your nine to five. And what this is going to do is just going to help you make the decision, do the research. Do the preparation. Through the savings plan, which is the money and the mindset, because let's face it. We all do need help with our mindset. And you're going to get those little voices in your head and says, don't do this. You know, they want to keep you safe. So Anna's got, I'm going. I'm going to show you how to handle and manage that. You can download em, the link in the show notes and lemme know what you think. Let me know what you think about the guide and if this was helpful. So i'm so happy that you joined me on today in this episode and stay tuned for the next one Bye.