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    Money Confessions: I Want to Start My Own Business but I’m Worried about Leaving the Stability of a 9-5

    enApril 23, 2023

    Podcast Summary

    • Investment dashboard features and special dealsShareSite's dashboard provides insights beyond brokerage statements and offers a free 4-month extension with the annual premium plan

      ShareSite's investment dashboard offers a comprehensive and organized view of investment portfolios, including insights beyond brokerage statements, with features like analyzed reports, dividend gains, and currency fluctuations. Additionally, ShareSite's annual premium plan comes with a special deal of 4 months free. On a different note, during this episode of Girls That Invest's Money Confessions, Sim and Sonia shared their relatable experience of feeling overwhelmed and even toxic work environments, leading to intrusive thoughts about quitting jobs despite financial responsibilities. The discussion highlights the importance of considering personal well-being when making career decisions, even when facing financial constraints.

    • Considering a career change for personal growthDespite financial stability and fear of instability, pursuing your dreams can lead to greater fulfillment and personal growth. Consider opportunity costs, align with values, take risks, and build something meaningful.

      Pursuing your dreams, even when faced with stability and comfort, can lead to greater fulfillment and personal growth. The speaker shares her personal experience of feeling burnt out in her job and considering starting her own business, but being hesitant due to financial stability and fear of instability. She also acknowledges the importance of considering opportunity costs and making a decision based on what truly aligns with one's values and goals. The speaker encourages taking risks and building something meaningful and personal, even if it comes with challenges and uncertainties. She also emphasizes the importance of having supportive relationships and considering the potential benefits of taking a break to recharge and focus on one's passions. Overall, the conversation highlights the importance of self-reflection, taking calculated risks, and staying true to oneself in order to live a fulfilling and authentic life.

    • Reflect on life goals and regrets for significant decisionsConsider inner voice for major decisions, tap to pay can boost revenue and reach for businesses

      Seizing opportunities requires personal introspection and a willingness to take calculated risks. Tanya emphasized the importance of reflecting on one's life goals and regrets when considering a significant decision. She encouraged listening to one's inner voice and not waiting for external validation. In the business context, the introduction of tap to pay on iPhone powered by Stripe serves as a game-changer for businesses of all sizes, enabling them to accept contactless payments easily and quickly. This solution can lead to increased revenue, expanded reach, and enhanced customer experience. However, the ultimate decision to adopt such a solution should come from within the business owner, as they are the ones who truly understand their unique situation and goals.

    • Fear of disappointing others and sunken costs can hold us back from making a changeBelieve in your abilities, have a financial safety net, and be resilient to take risks and start a business. Remember, there's never a perfect time, and opportunities exist even in difficult times.

      Fear of disappointing others and the belief that one should continue in a job or field due to sunken costs can hold us back from making a change, even when we have the financial means to do so. The fear of uncertainty and economic instability can add to this hesitation, but ultimately, there is never a perfect time to start something new. Believing in one's abilities, having a financial safety net, and being resilient are crucial for taking risks and starting a business. As the speaker shared, even in difficult times, there are opportunities to be found, and the worst-case scenario is always the ability to find another job. It's essential to remember that starting a business requires significant resilience, endurance, and faith in oneself, which are often overlooked aspects of entrepreneurship.

    • Considering a career change or starting a business? Evaluate your situation and make a decision that brings you fulfillment and happiness.Evaluate your current situation, consider your long-term goals, and make a decision that brings you happiness and fulfillment, but remember to research and use due diligence before making any major financial decisions.

      Considering a career change or starting a business is a commendable decision, especially when you have the support of your loved ones. It's important to evaluate your current situation and consider which path will bring you the most fulfillment and happiness in the long run. It's not always easy to make a decision when you're in the midst of it, but eventually, something may push you to make a change. Don't wait until you're in a toxic work environment before making a decision. Remember, you'll look back on your life when you're older and be glad you took a chance on something new. However, it's important to remember that everyone's situation is unique, and what works for one person may not work for another. Always do your research and use your due diligence before making any major financial decisions.

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