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Hi Taylor:
I'm finally at a place where I earn a good living, have money set
aside for retirement and investments, provide for my family… and all
I can think about is working less. How do I slow down, enjoy life,
and not start stressing about money again? - Quinn
Hi Quinn: Feels impossible, right? Some think if you want to earn
a lot of money, it's a requirement that you give up all your free
time and spend every waking moment at the office. Fortunately, I don't
believe that to be true. Changes can be made to ensure you're enjoying
life. Here are three things I want you to think about. |
1. Is it
the career or the company? There's no hard and fast rule with
career changes. If you don't like what you're doing, you can work
hard and get into a new field. The issue is when people mistake
a bad job for a bad career. If the worst part of your day is the
commute or a coworker that you don't get along with, it's probably
not time to start from scratch. Conversely, if you work at a bank
and detest the sight of numbers and the smell of money, you might
think of doing a hard reset. Whatever you choose, make sure you
put some serious thought into why it is you want to shake things
up.
2. How are you spending your money? The more you make, the
more you'll spend. This is a simple truth for most people, but
that doesn't mean you can't be smart about it. While buying material
possessions provides a quick thrill, have you thought about some
services that might actually buy you more time for enjoying your
life? Hire a maid to cut back on the time you spend cleaning or
take advantage of a delivery service so you spend less time in
the car. If you reorganize and reprioritize your spending, you
might find work is actually much more bearable than you thought.
3. What's your forecast? Take a step back and think about
your job, your immediate future, and your long-term goals. Do
you want to work less because you've had a few stressful weeks,
or is the struggle consistently demoralizing? Are you close enough
to retirement that you're just getting a little antsy and want
time to move faster? Are you working too hard in hopes of an early
retirement, and burning yourself out in the process? With all
the work that goes into building your career, it's easy to get
caught up in the process and forget to take inventory of your
life. Before you do anything drastic, take a second to reassess.
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Your happiest
life is out there and you might be closer than you realize to living
it. Think about what you really want and what you're most driven to
do, and you'll find yourself on the right path in no time.
© Taylor Kovar
September 8, 2020
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Legal Disclaimer:
Information presented is for educational purposes only and is not
an offer or solicitation for the sale or purchase of any specific
securities, investments, or investment strategies. Investments involve
risk and, unless otherwise stated, are not guaranteed. Be sure to
first consult with a qualified financial adviser and/or tax professional
before implementing any strategy discussed herein. To submit a question
to be answered in this column, please send it via email to Question@GoFarWithKovar.com,
or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.
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