I was at work the other day and heard one of my colleagues talk about being “burnt out” by the ER.
It’s happening everywhere…. not just in healthcare.
Employees are being asked to do more in less time, with less support and not enough resources.
Sometimes it can be very frustrating when you’re giving your all but it seems like all your superiors see… and make a point of highlighting…. are the fall-outs!
For most of us, going to work means earning the income we need to fund our WHY’s.
So every day when we leave home, we need to launch ourselves right…..
Right attitude.
Right mindset.
And we need to hone in on our why’s…….
Know why are we’re doing this job thing
What’s the end game
And know how this job ties into our vision map.
We should also be keeping track of our numbers.
Here are three important numbers to keep track of:
1. Your Net Worth – this is your assets (bank accounts, investments, home, car, cash or anything you could turn into cash) minus liabilities (credit card balances, car loans, student loans, mortgages, 401k loans…. anything you owe).
This number should be as high as possible. It’s the ultimate measure of your ability to weather financial storms and maintain financial choices in life. Paying down your debt and increasing savings and investments will ultimately increase your net worth.
2. Your Emergency Fund – I talk about this a lot. This is a cash cushion that you have in place to tap into in event of an unexpected emergency or loss of income. This amount should be enough to cover 3 – 6 months of your household income.
Life happens and when it does, having an emergency fund takes away much of the financial stress and allows you to focus your energy on getting back to normal.
3. Your Retirement Readiness – If you could replace your income today for the rest of your life, would you still continue to work at your current job?
Being retirement ready means you’re on track to replace about 80% of your current income. This is one financial goal that pretty much all of us share. Even though it may be one of your long-term goals, it’s important to keep track. A retirement calculator will help you do that.
If you’re bummed out or burned out, rest if you must…. but don’t quit.
There’s hope,
Even if you’re not at the ideal numbers yet, you’ll be well on your way to financial freedom if you set your goal, work hard to fund them and find a way to track them on a consistent basis.
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Until next time…..
Agree or disagree? I love your comments! So please let me know your thoughts in the comment section below.
I look forward to hearing from you!!!
Althea
Helping God’s people realize and achieve their true financial potential, become debt-free, build wealth and give generously!!
PS. Financially, most of us know what to do; we just have trouble doing it. That’s where a coach can help. CONTACT ME for a FREE 15-minute consult.
