The Pandemic of 2020 has created opportunities for so many who want to make a change in their lives. Opportunities that include becoming their own boss, starting a side hustle, learning to save and invest, buying a first home, changing careers, or just organizing their financial life. If you were ever looking for the right time for a life changing opportunity, this may be the perfect time to pursue your dreams. I have read so many headlines about the “Great Resignation” where individuals are opting out of work to take back their time and do what is important to them.
Courage and Boldness once buried deep within have surfaced, and we are all making decisions that we more than likely would not have made two years ago.
According to the U.S. Bureau of Labor Statistics, four million Americans quit their jobs in July 2021. Resignations peaked in April and have remained abnormally high for the last five months, with a record-breaking 10.9 million open jobs at the end of July. How can employers retain people in the face of this wave of resignations? My first response would be for employers to increase employees’ wages for a quality of life. However, I know that there were employees who earned what one may consider enough wages for a good livelihood, but they, too, walked away from their employers. Did you ever imagine that there would be a time where job vacancies would be so high, but there is a labor shortage at the same time? The time is here!
The bigger question for me is, what is driving the resignations during a pandemic? It would seem like everyone would try to hold their jobs during this period of uncertainty, but it appears that the pandemic has caused a shift in everyone’s thinking about their own lives and goals. There have been over 690,000 deaths in the United States and over five million in the world due to the Coronavirus. That is enough deaths to give anyone pause and cause them to evaluate their lives and if what they are doing is still important, aligns with their values, or will help them to meet their goals in life. Are they pursuing their passion and what is important to them? For years, hundreds of companies reduced staff or implemented hiring freezes without a care that resulted in smaller staff with months of heavy workloads with no relief in sight. I define it as overworked and underpaid! I am sure that those who are resigning and have resigned reached their breaking point and realized that there must be more to life besides being unappreciated employees.
I am happy to see that the tide may be turning towards Entrepreneurship because if it is not now, then when? We are living in one of the most affluent periods of US history. Those who have stepped out on their own to build and scale a business are reaping the rewards. Could Entrepreneurship be the new Retirement Plan? It could be with proper planning and the right business structure. Starting a business should begin with a dream, business plan, commitment, and a mentor. Follow your passion or your “calling” in life. You get to build dreams, but I ask, whose dreams are you willing to build, yours or theirs?
I am so happy that I chose to follow my heart and realized my dream of teaching financial concepts and strategies to improve families’ lives. I am so fortunate that in the midst of a pandemic, I am able to show families how to how to earn, save, grow, protect, and preserve their money through various strategies and ultimately, build and sustain their legacy. Their family tree roots can now run deep and anchor them for generations. When I first began teaching about finances, I taught it traditionally as there was so much that I did not know and I learned that when we do not know what we do not know, it hurts us. The reason I have taught financial fundamentals so passionately for the past 13 years is to help close the wealth gap and the lack of knowledge. Middle class families are perishing for lack of knowledge and failure to apply it when they receive it. I am living proof that knowledge is power when applied. The results can be incredible!
What are your plans to pursue your dreams and create your family’s legacy? If you do not know where to start, connect with me, the Money Master, at www.canfinancial.biz