Big Kid News
Tips and resources on raising big kids, tweens and teens.
| Friday Finance: From Employee to Entrepreneur |
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From Employee to Entrepreneur: Preparing Your Finances for Transition. Considering a life-changing leap into entrepreneurship? Well here are some things to consider before you jump
Friday Finance Considering a life-changing leap into entrepreneurship? Well here are some things to consider before you jump. Many women with side-hustles are already experiencing profits from their products or services while taking care of their personal monthly expenses through their full-time job. The challenge is creating a strategy for going into business for yourself full-time while being able to cover your monthly expenses. If you’re ready to quit your day job and pursue your business full-time, first consider your monthly expenses and multiply that by six in order to calculate how much money you will need for six months. We refer to this as your “six month cushion” which will cover your monthly expenses and costs for your business. Then take a good, honest look at your spending habits and consider cutting back in some areas. Don’t be unrealistic about what you can cut, but don’t resist the potential for change. For instance, if you just have to have a cup of Starbucks coffee every morning, consider buying a bag of Starbucks Coffee and brewing it on your own rather than paying the extra costs to actually go to Starbucks. Remember, any sacrifices or compromises you make today is really an investment in your future. Now look at additional sources of income other than the income you make from your day job. For instance, if you are married, you can calculate your spouse’s income into the equation, or if you offer some freelance work or service besides your side hustle, that too would qualify as an additional source of income. The key is to make use of your resources so you won’t end up in over your head. Secondly, are there any other sources of cash you can tap into such as refinancing your home or a personal loan from the bank? Or do you have friends or family members who really believe in your company and can offer their support with a monetary gift? Consider where you can exhaust your resources and do extra to build your cushion. Next, create a personal and business budget. If you can afford it, consider hiring a financial planner, especially if you have any extensive debt. The planner can create a plan to get you on the right track and help you get rid of outstanding debt, while also holding you accountable to your goals. If this is a costly option, consider going to your local library and checking out some personal finance books that help you scale down your debt, boost your credit score and help you get funding. If your profits don’t exceed your expenses, then consider allowing time for your profits to grow. The more your personal finances improve, the better your chances of having more money to save for your cushion. Figure out how much money you are able to save each month by dividing the figure needed for your six-month cushion by the amount you are able to save each month. Remember that transitioning your finances for a new business venture takes time. Waiting is the hard part, but it is also the part that drives your desire to save as much as you can in order to reach the goal. When making plans for your big move, be realistic and be willing to make a temporary change for a permanent gain. The freedom of being your own boss requires you to make boss-like, responsible decisions that are profitable for your company and financially sound. So this Friday night, opt out of a night on the town and instead, run some bath water, make a cup of tea, and light a candle for a Friday Finance Personal Reflection date with yourself. Consider these tips and start planning your strategy for your escape to freedom! |
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Mocha Manual - Parenting and Pregnancy Tips for Black Mothers
Welcome to Mocha Manual, the most comprehensive online resource for Black mothers. We want you to be empowered and inspired to be a powerful parent and raise happy, confident kids. We know the unique issues, fears and concerns you face raising our Black babies into strong Black women and men, turning our brown bundles of joy into future presidents, doctors, artists, and CEO’s and Mocha Manual is with you every step of the way. MochaManual.com provides Black parents with knowledge and guidance through articles and media that address pregnancy and motherhood from a point of view that’s all you. Our mission is simple: every black child needs a powerful parent. And every Black mom needs her own space to read and discuss articles, stories and how-to guides about black parenting and living your best life that were created specifically with them in mind. Welcome to your world.
No matter what your parenting situation is, you’ll find something for you if you browse through the pages of Mocha Manual. Articles written by experts in our pregnancy section will guide you from conception, through all three trimesters and delivery. Single moms will find articles on how to raise a child alone, how to foster a healthy relationship with your baby’s father, as well as how to take care of yourself while dealing with all the new responsibilities that come along with being a mother. There is also advice for entrepreneur moms on how to succeed in the business world and at the same time maintain a healthy household. And we know that you’re still a sassy woman even though you’re a mom, so there’s great advice on sex and love after pregnancy, as well as fashion tips for black mothers and mothers-to-be. Leading black beauty experts share their wisdom about skin care and that is especially catered to you.
Go ahead and look through our site. We are sure that, in Mocha Manual, you will find a wealth of resources, news, and advice that will enrich your life as you live the fabulous mommy life. And while you’re here, take some time to pamper yourself a bit. After reading through our expert’s fashion and make-up tips head over to our shop and find unique products that celebrate “us” in pregnancy and “us” as new babies, including Kimberly Seals-Allers’ Mocha Manual books.
Fun, Fun, Fun
With Your Little One! Your child is totally into play, and imitating you. Here are some great ideas ...
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4th smallest baby in the world born in Charlotte - WBTV
4th smallest baby in the world born in Charlotte
WBTV
Believed to be the 4th smallest baby born to thrive in the world, 9 ounce (272 gram) baby Kenna has more than defied the odds stacked against her from birth. "Doctors are a lot of times bound by what they've seen and bound by science.
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COMMUNITY COLUMNIST — Given these choices, I'm not voting - HollandSentinel.com
Columbus DispatchCOMMUNITY COLUMNIST — Given these choices, I'm not voting
HollandSentinel.com
Obama also hurt himself with the African-American vote. Generally, the African-American community does not support gay marriage, more often adhering to a traditional view. I've heard many African-Americans voice resentment over Obama's decision to ...
A Federalist Approach to Gay Marriage May Be Fashionable … It's also SadCity Watch
Finding time for gay marriageNouse
Michael Paul Williams: The black church must opt for what's rightRichmond Times Dispatch
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Parenting Fail: Father Puts Child In Washing Machine And Turns It On (Video)
I mean, I really don’t know what to say about this video—a laundromat surveillance tape I came across yesterday while putzing around on Yahoo Shine! In it, a toddler jumps and points happily at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Terry McMillan Heads to the Anguilla to School Writers on the Publishing Industry
Nobody can tell a story the way Terry McMillan can. For years she has worn…
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