The number of independent women is on the rise. But what about financially independent women? First, let's get our definitions squared away so we're on the same page...
According to Urban Dictionary, an independent woman is “a woman who pays her own bills, buys her own things, and does not allow a man to affect her stability or self-confidence. She supports herself entirely on her own and is proud to be able to do so.”
A financially independent women typically means a woman with enough income to pay for her living expenses for the rest of her life without having to work. Basically, work becomes optional.
Is your goal to reach financial independence? If so, here are my personal finance strategies that helped me reach financial independence retire early (FIRE) as an independent woman in my mid-30's.
Time for a career pivot?
First, let's get your financial ducks in a row. When it comes to taking off the golden handcuffs, it requires working on your money mindset.
I tried leaving the corporate world 3 times.
First time was ugly. Second time was messy. The third time was the charm after I worked hard on my money mindset.
Developing a money mindset led me to:
Developing a money mindset is an ongoing work in progress.
Even after reaching financial independence retire early (FIRE), I'm now working to bust stubborn money blocks in my business ventures.
Ready to say "Thank you, NEXT" to your workplace?
If I could recommend only one tip for future Corporate Dropouts, it is to take small but consistent steps each day towards your money goals.
This could be developing your money mindset, contributing to your retirement, or working on your side hustle.
For instance, I got my yoga teacher certification thinking I would quit Corporate to become a yoga teacher. After a year of teaching, I decided I didn't enjoy practicing yoga anymore.
But if I hadn't taken that step, I would never have met my best friend at the training. I wouldn't have had the idea to create a holistic wellness site.
Then that led me to start my other businesses: Pinterest marketing and personal finance.
Think about it. YouTube started off as a dating site. Amazon started off as a bookseller. Today, these successful businesses are completely different platforms than what they were originally.
Most times we can only see the next step in front of us.
Not the entire map. So take that next step that feels closer in alignment to where you want to be.
But no need to be fixated on the specific result. Keep taking those consistent steps with an open mind.
I lied. Here's my truth..
When I quit each time, I didn’t tell my parents and some of my closest friends. I knew that telling them would lead to overwhelming concern and nagging.
Instead, I told them after the fact. It wasn’t easy for them to hear and accept but they eventually accepted my decision.
Having a solid support network is probably the most important yet most overlooked key to not only getting your financial ducks in a row, but also to becoming a Corporate Dropout.
Maybe you have no idea what you want to do next. Perhaps you want to take a year off to reset. Or start a business.
But right now, you don't know up from down. I get it. In the midst of office politics and work frustrations, it's hard to figure out the next step.
Interested in tips on financial goals, resignation timeline and emergency savings? For more money mindset tips, let's connect on Instagram!
About to take the leap? Already resigned?
The trend toward a gig economy is real. Maybe everyone around you is a #girlboss. If you never want to step foot in an office again, what would you do?
Corporate Dropout: How to Get Your Finances in Order Before You Resign
When it comes to being a dropout, there’s one thing I know for sure. It’s not as easy or glamorous as it seems on the surface.
Whether it’s dropping out of Corporate or college, there’s a lot of unknowns involved. They say fear of missing out (FOMO) is a real thing. Well fear of the unknown is also no joke.
For the rest of my story and to learn my money making strategies, access my free E-Book today!