Category: Income and Career

If you feel like today is March 38th, you are not alone. The coronavirus pandemic has broken lots of records and one of them is extending March into what seems to be the longest, loneliest month in all of history. I’m not kidding here.

Since I write about finances and money issues rather than medical problems, I’d like to say this: There are some solutions to the money issues and problems you are facing, so don’t throw in the towel just yet. Consider virtual jobs as the solution to your money situation!

As you go through daily life, that is normal daily life, you primarily think about income as the money you earn from some sort of a job. For most people, it’s money paid to you from an employer, the business you report to every day and who pays you a check every week or two. If you have a real skill and are lucky, you may even have your own business and be the boss.

That’s the way it was before the pandemic hit. Now, getting a weekly paycheck for getting up and heading to a job seems like it was a past life for an awful lot of people. I was just speaking to someone on the phone that has only been home for four days and he is already going crazy with anxiety. He is not alone.

Do you spend time daydreaming about getting a really great new job? You know, one that will give you all the opportunities to grow and shine and fulfill all of your potential. Of course, it will also pay you way more than the job you currently have and that means success and security for you and your family. That’s one good reason that you get up every morning and go to work in the first place. Financial security and job fulfillment all rolled up into one big ball sounds like a pretty good deal, doesn’t it?

That’s what I always thought and let me tell you this, it doesn’t always quite work out that way. Sure, earning a bundle and getting a title, a company car, perks and prestige sounds like a dream to you, but keep in mind a big key word here: work! They don’t call it “vacation” for a good reason, so while you may dream about some pie-in-the-sky opportunity, it might lead to you getting the “best job ever” and you might wind up hating it!

I don’t think I have ever shared this with you about myself, but here goes, for better or worse. When I was a student in college, one of my dual minors was Philosophy. I remember taking one course on Aesthetics. But truthfully, I didn’t really appreciate it. 😉 So, yes, I actually took Philosophy and looking back on it, I have to ask myself one simple question:

Did I think I wanted to be a philosopher?

I am guessing now the answer was “no”. Most of the great ones are all dead and while they were alive, no one seemed to appreciate them very much. It somehow seems that dying and being appreciated as a great philosopher are linked and that really doesn’t seem very rewarding in just about every way, does it? Well, I guess being remembered and read and talked about after you’re gone does have value. Not much on the money side for you there, but still…

Before you say goodbye forever to your 9 to 5 daily grind and the commuter train ride that you have been “enjoying” every day for the past umpteen years, you more than likely have to be somewhat successful at a “job” to get to your true dream. You know the one you’ve had since you first started out working: financial independence!

Look around though and you will probably see many “long-timer” faces that are plugging away at what they do, even if they dream about FI and yet still haven’t moved off square one in their pursuit of that dream. Others, scores of them, come and go from your work arena and almost all of them leave not for FI. They leave in many cases like the Christians left the arena back in ancient Rome did, or they migrate to some other dead end job that leaves them grinding and commuting forever. That’s not what you want, is it? But before FIRE (financial independence, retire early), it’s all about the job! Job success has to come first.

There is an old adage that “you need to spend money to make money”. The idea itself is certainly legitimate in many circumstances, as most business approaches require some capital investment to get rolling, whether it be buying product, creating a contract, hiring employees, or renting a space.

However, having to spend money to start a business is risky! In fact, if you aren’t risking anything at all, you’re likely getting involved in a scam. I can attest to that because I was the victim of a big one of those back when I was in my late 20’s. Even though it was that long ago, I still remember every detail! Doing anything related to business is either going to risk time or money, no matter what.

Reality check, please. In case you didn’t already know it, whatever job you currently hold right now is very likely going to be one of many you will work at in your career. It’s just a fact these days that you are not going to be anything like your dad or grandfather might have been and work for the same company for 40 years, eventually retiring with a gold watch and a pension. It “ain’t gonna happen” and that’s why résumés for older workers are so very important.

Because today we live in a much more uncertain world, one where the job market changes—sometimes overnight—job security is a thing of the past. And that often doesn’t matter even if you are really good at what you do!