Do You Need a Safety Net or Not

Greetings All!

You may already hear many people say that to be able to making a living online is an exciting thing to do. It’s great to be able to set your own hours and be your own boss and work in your pajama from your comfortable home. Sure, make a living online and work from home on your own schedule is good (suitable for some people but not for everyone), but there is also a downside to leaving your 9-5 job and making a go of it on your own.

You may also read or hear many people advice that to leave your 9-5 job, you must absolutely have a proven method of making money in the place first, also you have to have a ’safety net’ of at least 6 months of salary saved up before you leave your job. And you should have all your debt paid down too, with six months of savings and with no debt, even you fail of making a living online, it is still be okay because you have plenty of time to find other things to do.

This sounds like a safe plan, right? If you will be able to afford to fail, it is good. If you will basically be planning to fail, it is also good, otherwise stick with the safe plan and don’t take the risk.

I am not at here to discourage you, the scariest thing to know actually are the lies those people who are telling you, who tell you that you’re guaranteed that you will make a specific amount of money every week or every two weeks. It’s also scary to think that there’s a possibility that you’ll leave your current job and then you find yourself simply won’t be able to do it – you won’t be able to make a living online on your own. It is very scary.

Because of how scary it is, and because the fear is real, that’s why you need a safe plan.

Just think about this - is it good or bad to plan to fail? This is a no-brainer question; of course it is bad to plan to fail.

So the other question is why would you want to plan to fail when you’re about to leave your job? Why would you want to say your “ready” when all you’ve done is set things up so that you can fail?

Confusing?

Okay, here is why I say that - there are a growing number of people out there who say that when you leave your job, you shouldn’t have a “safety net” ready. These people will tell you to go ahead and jump; and then you will see your net appear.

The thinking behind this line of logic is that you will find a way not to fail if you can’t afford to fail, in other words, you’ll find a way to be successful.

On the other hand, if you have that safety net there, if you have a cushion to allow for failure, then you will use that net and you will use that cushion. If you want to start actually making a living online from the outset then you better make yourself succeed from the outset. When you ready to take that leap, all of the decisions of course are up to you.

However, before you make any final decisions, don’t forget you do need to have a proven way of making money, no one can dispute that, to have or does not have a safety net is something that not everyone agrees about anyway. So whatever the scenario will be, whichever the ways that can make more sense to you, and make you feel more comfortable with, then it is the way for you to go.

So if one day you decide to leave your job and be a small business owner and self-employed, one thing you’ll need to consider is your taxes. Although you can save a lot of money in taxes having your own business, but still, you have to do it in the right way!

If that day come, this The Small Business Tax Reduction Toolkit can help you ‘beat the Tax Man’ at your own game.

Until next time, have a super prosperous week.

Enjoy!
Ann