Count the Cost and Make the Leap

Work Pants Finance

English - February 24, 2021 06:00 - 17 minutes - 12.2 MB - ★★★★★ - 28 ratings
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Previous Episode: Vocation as Vacation - Aligning Work, Values, and Goals: Interview with Mary Beck White-Sutton of Duke's Fuqua School of Business

Next Episode: Informational Interviewing: Learn cool stuff, meet amazing people, and stack the deck in your favor

Have you dreamed of doing your own thing, going out on your own? Have you looked at your career and considered what it would take to hit the reset button and do something very different? If so, today’s show is for you.

We talk through a fictional case study to illustrate how to make your side hustle your full-time gig. Michael is a consulting engineer earning $175,000 and Amanda is a private school teacher. They’ve got three school-age kids and we use a sample budget to illustrate the impact of self-employment taxes, the huge benefits of the other spouse working during a big career pivot, and how much revenue it takes to replace a $175,000 salary.

You can read more at https://www.workpantsfinance.com/3