Rock Your Reinvention: Tips For High-Achieving Women Who Want to Successfully Exit Their Six-Figure Corporate Career

38: Setting Yourself Up Financially to Leave Corporate

July 03, 2024 Karin Freeland Episode 38
38: Setting Yourself Up Financially to Leave Corporate
Rock Your Reinvention: Tips For High-Achieving Women Who Want to Successfully Exit Their Six-Figure Corporate Career
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Rock Your Reinvention: Tips For High-Achieving Women Who Want to Successfully Exit Their Six-Figure Corporate Career
38: Setting Yourself Up Financially to Leave Corporate
Jul 03, 2024 Episode 38
Karin Freeland

“I’d leave my job, but I’m the breadwinner.”
“I hate my job, but it pays the bills.” 
“I have to stay in my corporate job if I want to maintain my lifestyle.” 

Do any of these statements sound like things you’ve found yourself saying lately? I hear variations of them from my clients all the time! Making the leap from your corporate job can feel overwhelming, and even feel impossible at times. But there are several things you can do to make this transition easier and less financially stressful!

In this episode, I discuss the financial strategies you need to confidently make the leap from corporate life to entrepreneurship. This topic, inspired by a listener's request, resonates with many high-achieving women who feel financially unprepared to take this crucial step, especially if you're the breadwinner. Join me as we explore practical tips to set yourself up for financial success and achieve your dream of leaving the corporate grind behind.

Key Takeaways:

  1. Consult a Financial Planner: Understand the importance of professional financial advice to evaluate your unique situation and assets.
  2. Eliminate Debt: Discover why getting out of debt is crucial before leaving your corporate job and learn practical steps to achieve this. You’ll hear real-life examples of adjusting spending habits and eliminating debt.
  3. Tighten Unnecessary Expenses: Identify and curb unnecessary spending to maximize your savings and financial security. Budgeting and expense tracking will help you gain financial clarity.
  4. Make Your Money Work for You: Explore strategies like using certificates of deposit and other investments to ensure your money is growing.
  5. Plan for Charitable Giving: Learn how to budget for charitable donations even after leaving corporate, maintaining fulfillment and purpose.
  6. Assess Your Earning Potential Post-Corporate: Evaluate your potential earnings in your new venture to ensure financial stability. I’ll help you overcome financial fears and misconceptions about entrepreneurship.

As always, I’ll share personal experiences and client stories about transitioning from corporate to entrepreneurship. By implementing the outlined steps, you’ll gain the confidence and clarity needed to make your exit from corporate life so you can live a life you truly love. 

Share your progress and insights with us inside my Facebook Group, Successful Working Women Rocking Reinvention, using #FinancialFreedom.

Ready to start creating your corporate exit strategy? Book a call today: www.calendly.com/karinfreelandaviles 



Send Karin a Text Message with your feedback on the show!

If you're looking for additional support through coaching, visit my website to learn more about working together and my signature program EDIT Your Life: www.karinfreeland.com/life-coaching

Join my private Facebook community Successful Working Women Rocking Reinvention today and get the additional tools and community you need to reinvent your life.

Show Notes

“I’d leave my job, but I’m the breadwinner.”
“I hate my job, but it pays the bills.” 
“I have to stay in my corporate job if I want to maintain my lifestyle.” 

Do any of these statements sound like things you’ve found yourself saying lately? I hear variations of them from my clients all the time! Making the leap from your corporate job can feel overwhelming, and even feel impossible at times. But there are several things you can do to make this transition easier and less financially stressful!

In this episode, I discuss the financial strategies you need to confidently make the leap from corporate life to entrepreneurship. This topic, inspired by a listener's request, resonates with many high-achieving women who feel financially unprepared to take this crucial step, especially if you're the breadwinner. Join me as we explore practical tips to set yourself up for financial success and achieve your dream of leaving the corporate grind behind.

Key Takeaways:

  1. Consult a Financial Planner: Understand the importance of professional financial advice to evaluate your unique situation and assets.
  2. Eliminate Debt: Discover why getting out of debt is crucial before leaving your corporate job and learn practical steps to achieve this. You’ll hear real-life examples of adjusting spending habits and eliminating debt.
  3. Tighten Unnecessary Expenses: Identify and curb unnecessary spending to maximize your savings and financial security. Budgeting and expense tracking will help you gain financial clarity.
  4. Make Your Money Work for You: Explore strategies like using certificates of deposit and other investments to ensure your money is growing.
  5. Plan for Charitable Giving: Learn how to budget for charitable donations even after leaving corporate, maintaining fulfillment and purpose.
  6. Assess Your Earning Potential Post-Corporate: Evaluate your potential earnings in your new venture to ensure financial stability. I’ll help you overcome financial fears and misconceptions about entrepreneurship.

As always, I’ll share personal experiences and client stories about transitioning from corporate to entrepreneurship. By implementing the outlined steps, you’ll gain the confidence and clarity needed to make your exit from corporate life so you can live a life you truly love. 

Share your progress and insights with us inside my Facebook Group, Successful Working Women Rocking Reinvention, using #FinancialFreedom.

Ready to start creating your corporate exit strategy? Book a call today: www.calendly.com/karinfreelandaviles 



Send Karin a Text Message with your feedback on the show!

If you're looking for additional support through coaching, visit my website to learn more about working together and my signature program EDIT Your Life: www.karinfreeland.com/life-coaching

Join my private Facebook community Successful Working Women Rocking Reinvention today and get the additional tools and community you need to reinvent your life.