Comments on: Transition From the Corporate World to Your Own Business – Lessons Learned http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/ Learn how to live on one income. Discover how to effectively use coupons, download free budget templates, and learn how to make extra money online. Tue, 31 Jan 2012 19:23:05 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Breaking Free of the Cage: Escaping the Rat Race | Invest It Wisely http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-674 Breaking Free of the Cage: Escaping the Rat Race | Invest It Wisely Sun, 18 Jul 2010 16:30:39 +0000 http://cooltobefrugal.com/?p=768#comment-674 [...] Cool to be Frugal: Transition From the Corporate World to Your Own Business – Lessons Learned [...] [...] Cool to be Frugal: Transition From the Corporate World to Your Own Business – Lessons Learned [...]

]]> By: Invest It Wisely http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-672 Invest It Wisely Fri, 16 Jul 2010 16:41:14 +0000 http://cooltobefrugal.com/?p=768#comment-672 "Do not quit your day job before you have an alternative income source" Unless you're single with no obligations, then yeah, I agree with this. Besides, it's a lot easier to focus on what you truly love when you know you won't lose the house over it. Things build up, and sooner or later it won't be such a big risk after all. “Do not quit your day job before you have an alternative income source”

Unless you’re single with no obligations, then yeah, I agree with this. Besides, it’s a lot easier to focus on what you truly love when you know you won’t lose the house over it. Things build up, and sooner or later it won’t be such a big risk after all.
Invest It Wisely´s last [type] ..Breaking Free of the Cage- Escaping the Rat Race

]]> By: » Book recommendation for entrepreneurial and startup problems Early Retirement Extreme: — by Jacob Lund Fisker, Freelancer http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-512 » Book recommendation for entrepreneurial and startup problems Early Retirement Extreme: — by Jacob Lund Fisker, Freelancer Sun, 23 May 2010 17:43:40 +0000 http://cooltobefrugal.com/?p=768#comment-512 [...] Yakezie Posts: Best Small Business Ideas 2010 And Beyond @ Wealth Pilgrim & Transition From the Corporate World to Your Own Business – Lessons Learned @ Cool to be Frugal. previous post: Dealing with well-intended [...] [...] Yakezie Posts: Best Small Business Ideas 2010 And Beyond @ Wealth Pilgrim & Transition From the Corporate World to Your Own Business – Lessons Learned @ Cool to be Frugal. previous post: Dealing with well-intended [...]

]]> By: Knowledge = Money In The Bank « Eliminate The Muda! http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-458 Knowledge = Money In The Bank « Eliminate The Muda! Mon, 17 May 2010 16:13:11 +0000 http://cooltobefrugal.com/?p=768#comment-458 [...] Transition From the Corporate World to Your Own Business – Lessons Learned by Cool to be Frugal [...] [...] Transition From the Corporate World to Your Own Business – Lessons Learned by Cool to be Frugal [...]

]]> By: Cool Mommy http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-279 Cool Mommy Fri, 16 Apr 2010 13:57:50 +0000 http://cooltobefrugal.com/?p=768#comment-279 This is quite an inspiring story. I know lots of folks who are "forced" into being a business owner because they were laid off from work. Not many people have the time and energy though to be able to start a side business or even take a second job for that matter. But thanks for sharing your story - great post This is quite an inspiring story. I know lots of folks who are “forced” into being a business owner because they were laid off from work. Not many people have the time and energy though to be able to start a side business or even take a second job for that matter. But thanks for sharing your story – great post

]]> By: Mr Credit Card http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-271 Mr Credit Card Thu, 15 Apr 2010 18:47:41 +0000 http://cooltobefrugal.com/?p=768#comment-271 Miss Bankrupt - I was making more on the side biz when the transition occurred. Forest - they say the first million is the hardest and once that is reached, the rest is easy. I would scale it down and it would apply if you said the first hundred dollars in your emergency fund is the hardest to save. But once you reach that, then the next few hundred will come easier. Miss Bankrupt – I was making more on the side biz when the transition occurred.

Forest – they say the first million is the hardest and once that is reached, the rest is easy. I would scale it down and it would apply if you said the first hundred dollars in your emergency fund is the hardest to save. But once you reach that, then the next few hundred will come easier.

]]> By: Forest http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-270 Forest Thu, 15 Apr 2010 11:21:45 +0000 http://cooltobefrugal.com/?p=768#comment-270 Very interesting story, I am working on getting my emergency fund started right now.... Well I actually only have $9 to my name right now but it's coming :).... I have cheques and things arriving in the next month or so that should get me closer to Ramsey's recommended $1k and then i'll be building up from there. Thanks for a great article. Very interesting story, I am working on getting my emergency fund started right now…. Well I actually only have $9 to my name right now but it’s coming :) …. I have cheques and things arriving in the next month or so that should get me closer to Ramsey’s recommended $1k and then i’ll be building up from there.

Thanks for a great article.

]]> By: Transition From the Corporate World to Your Own Business – Lessons … Consumer on Me http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-268 Transition From the Corporate World to Your Own Business – Lessons … Consumer on Me Thu, 15 Apr 2010 04:19:02 +0000 http://cooltobefrugal.com/?p=768#comment-268 [...] posted here:  Transition From the Corporate World to Your Own Business – Lessons … By admin | category: corporate credit card | tags: big-advantage, card-comes, corporate [...] [...] posted here:  Transition From the Corporate World to Your Own Business – Lessons … By admin | category: corporate credit card | tags: big-advantage, card-comes, corporate [...]

]]> By: Miss Bankrupt http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-267 Miss Bankrupt Thu, 15 Apr 2010 04:11:04 +0000 http://cooltobefrugal.com/?p=768#comment-267 This is a great article about the importance of an emergency fund. Congrats for having one that would keep your bills paid during the time you were unemployed. I know I don't have a large enough emergency fund but I am working on it. I also liked the tip about not investing until you have the emergency fund in place. I am one of those people that would think first of investing thinking that the investment would assist my emergency fund later. It seems to make more sense to make sure the fund is there first. Dream come true leaving the office I bet. Something I consider every day I sit at that desk. Did you calculate exactly how much you would need to make before making the decision to leave your job and did you wait until you were making the full amount with your business? Thanks for the tips! This is a great article about the importance of an emergency fund. Congrats for having one that would keep your bills paid during the time you were unemployed. I know I don’t have a large enough emergency fund but I am working on it.

I also liked the tip about not investing until you have the emergency fund in place. I am one of those people that would think first of investing thinking that the investment would assist my emergency fund later. It seems to make more sense to make sure the fund is there first.

Dream come true leaving the office I bet. Something I consider every day I sit at that desk. Did you calculate exactly how much you would need to make before making the decision to leave your job and did you wait until you were making the full amount with your business?

Thanks for the tips!

]]> By: Mr Credit Card http://cooltobefrugal.com/transition-from-the-corporate-world-to-your-own-business-lessons-learned/comment-page-1/#comment-266 Mr Credit Card Wed, 14 Apr 2010 14:41:25 +0000 http://cooltobefrugal.com/?p=768#comment-266 I do not think there is a set level..As for me: being married with 3 kids, it would be different for a couple with no kids. The way I would look at it is to figure out your fix expenses. 1. Mortgage - varies with people 2. Health Insurance - you are on your own now (once again, this really varies) 3. Do you want your kids in private school? 4. Food etc I think a realistic way is the be able to save 20% of gross after all expenses and taxes. If you have that cushion, that would be a starting point. I do not think there is a set level..As for me: being married with 3 kids, it would be different for a couple with no kids. The way I would look at it is to figure out your fix expenses.

1. Mortgage – varies with people
2. Health Insurance – you are on your own now (once again, this really varies)
3. Do you want your kids in private school?
4. Food etc

I think a realistic way is the be able to save 20% of gross after all expenses and taxes. If you have that cushion, that would be a starting point.

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