Staying Empowered in a Recession
Hi there – welcome back! This week, we’re going to talk about something that everyone is talking about – the recession. Now, I know that this is something we prefer not to talk about, and there is a lot of uncertainty and fear around this. In this community, we have a family of entrepreneurs and people who are building the lives of their dreams, so in order to ensure that happens, sometimes we need to talk about uncomfortable topics.
Because you’re entrepreneurs, many of you have a goal of quitting your day jobs. That’s the goal, right? Build a successful business that allows you to work for yourself, and have financial freedom and time freedom? But I want you to pump the brakes, and decide if quitting your job is the best idea right now. Is your business ready to weather the storm of a recession, or would you be better off holding onto that day job for a little while longer?
Your job can be a source of steady income. It blesses you with the security of a regular paycheck while you continue to build your business. Being an entrepreneur is a great thing, but you need money to pay your bills while you’re in the building stage. You need to have your priorities in order, and that might mean waiting a little longer than you had planned before leaving your full time job. This financial climate is very shaky and uncertain, so it might mean that you need to work full time at your job, and part time at your business. Then, when things become more stable, which they eventually will, you can start to flip the schedule, putting more hours into your business, and fewer hours into your day job.
You might say, “But Lisa, I really don’t love my job.” And I understand that this might not be your dream job, but if you can change your mindset about it, you can find things about your job that you like. If you can tell yourself that this job is the first investor in your business, you will feel more gratitude, and it won’t feel so bad to keep going there every day. Things that bother you about your job will seem less annoying, because this job is building your dream! You have to know your priorities and keep your goals in sight – keeping your job a little longer can help you to build with less pressure while you expand your client list or increase your reach.
Let’s talk about your priorities – what keeps you motivated? What makes you happy? What fuels your fire? Keep these things in mind while you continue working for your first investor (your current job). Don’t go trudging to work and be miserable every day, thinking about how you want to be working in your business full time. Think about all of your priorities and remember that this job is allowing you to pursue them. Choose to be happy, and to interact with others from a place of joy. You will see how much easier that job becomes when you walk in the door each day with a positive mindset.
We also need to address your mental and physical health during this time of uncertainty. I think we forget about that sometimes. You need to have time with yourself each week – a solo date. And if you’re in a relationship, you need a date with that person, too. Then you need time with your family. Because of the tough financial climate, you might be thinking that you can’t afford all of these “dates,” but you really don’t need to spend money! My family started having Family Game Nights – we play simple games like Uno or Jenga, and spend time together! We laugh and release our stress and tension by having fun! We made our own charades game by writing words on pieces of paper and acting them out – this doesn’t have to cost anything – get creative! You can make it a potluck, so you can keep the cost low.
Think about how you can pay for your self-care date every month. If you want to get a monthly massage, what is something else that you can sacrifice in order to pay for it? Or maybe there is a self care date that wouldn’t cost you anything, like grabbing a great book and having a beach day, or taking a long soak in a hot bath while listening to your favorite album – just be sure to hang a “Do Not Disturb” sign on your bathroom, and make it your spa! Talk to your loved ones about the importance of “me time,” and how much happier you feel when you have it.
It’s also a great idea to start putting some money aside in case of an emergency. This might seem difficult right now, but if you sit down and look at how you spend your money, there are things that can be cut out. When my son was very little, I wanted to start saving money, but I was a single mom, working for a school district, and I didn’t make a lot. I decided to stop getting my hair and nails done, so I could start saving that money. I made larger meals on Sundays, and then froze them, so we would have quick meals to grab during the week.
In the beginning, I was able to put away $120 each month. It wasn’t a lot, but it was a good emergency fund. When I say “emergency,” I’m not talking about a good sale – I’m talking about an actual emergency. If it’s not absolutely necessary, don’t touch the money in that account. Take a look at how you’re spending money right now, often in ways that you probably don’t think about: do you have memberships that you never use, or monthly subscriptions that are automatically deducted from your account? If you know where your money is going, you will have more power to save it. If you don’t use it or need it, cancel it.
I wanna hear your thoughts. What’s one of the techniques I shared that made you think, “Okay, I could do that.” How much are you deciding to put away this week, next week, or on your next paycheck? What does that look like? Were you about to run out on your job, but now you’re like, “Oh, hold on, wait a minute. Maybe I need to make a more solid plan.” Are you excited about the opportunity to create a savings habit to pay yourself? I’d love to hear from you. Leave me a comment below on any part of this message that you needed to hear, you didn’t know you needed to hear, or you may not have wanted to hear, but you’re so glad you heard.
This is your community, your family, your tribe. Let’s make a plan to get through this uncertain time together, with more ease and mindfulness around money. Let’s build lifelong habits that will continue to serve us. And remember, I love you. I believe in you and in your ability to make the changes that will set you up for future success. And I want to hear from you – I read all of the comments you leave here, and I love to read them. I am cheering for you! I’ll see you real soon.
Your Sister in Prosperity and Possibility,
Very powerful dialogue and much needed!
I am going to apply the things u suggested!
Thank u so much!
God bless you!
Wow what a timely Prophetic word this is for me – I was about to quit my job and was in a state of frustration on how to finance my dreams and creative endeavors and Actualize my gifts, in this world. I sat at home for 3 months with great big ideas and visions, that has simply gone nowhere, while my money supplies got less and less. The frustration and anger was going into a very dark place. I want to thank you so much Sis Lisa for this word of hope and encouragement. It’s not about speed and getting there fast, but rather the little steps that cumulatively shape the way of my journey. And So It Is.
Thank you so much Lisa for sharing your wisdom! I’m a certified mental health first aider(MHFA) and also certified to instruct courses. I got my certification through the National Council of Mental Wellbeing. Some possibilities were halted and denied through no fault of mine. I am determined to get set up and to start instructing courses. This will add another income option. Thank you for the tips and encouraging me to not allow deprivation, lack and scarcity have the last word.
Need a MHFA instructor for your organization, please reach out to me.
Mental Health First Aid is a course that teaches you how to identify, understand and respond to signs of mental illnesses and substance use disorders. The training gives you the skills you need to reach out and provide initial help and support to someone who may be developing a mental health or substance use problem or experiencing a crisis.
Thank you so much for your inspiration and wisdom at this time. I heard you!!!
“Give a man or a woman a fish, and you feed them for a day. Teach a man or a woman how to fish, and they’ll feed themselves for a lifetime.”
Pay Yourself First ! ! !
Probably, one the most important and productive strategies any disciplined saver can employ, to start down the road of peace, possibility, and prosperity !
I appreciate you Lisa……….Peace and Blessings !
Respectfully,
James L Hendrix
The Wealthy Fisherman
HEY COACH LISA & TEAM , WHEN IT COMES TO FINANCES IT SEEMS NOTHING WILL CHANGE FOR ANYONE ,IF THE PEOPLE DONT STAND UP TOGETHER & DEMAND & COMMAND ACCOUNTABILITY & TRANSPARENCY FROM THE COURTS & THE GOV. WE ALL KNOW WE ARE ALL SUPOSE TO BE EQUAL AND HAVE UNLIMITED CREDIT & RESOURCES WITH UNLIMITED ABUNDACE , SO WHEN THE PEOPLE ARE JUST ALLOWING THESE CORPORATIONS TO LIE AND TO DECIEVE OTHER PEOPLE EVERYDAY ,& NOT TELLING THE TRUTH ABOUT $ & COMMERCE THINGS WILL NEVER CHANGE ,PEOPLE WILL ALWAYS B CONTINUOSLY PUT INTO CARCERATION & JAIL EVERYDAY WHILE THE COPS & LAWYERS & JUDGES & PROSECUTOR S ARE USING THE PEOPLES INFORMATION TO GET RICH & TO HAVE CONTROL & POWER OVER PEOPLES BODYS & MINDS , IF THEY CONTINUE TO PLAY PLAUSIBLE DENIABILITY ON EVERYONE EVERYDAY WE WILL ALL CONTINUE TO BE SLAVED & INCARCERATED , PLUS IF ALL THE WEALTHY SUCCESSFUL PEOPLE DONT START STANDING UP HELPING OUT WITH HELPING TO ENFORCE THESE CORPORATIONS TO START TELLING THE TRUTH THEN THEY ARE JUST ADDING TO THE MADDNESS & ARE BIENG APART OF THE PROBLEM & JUST IGNORING THE REAL EPIDEMIC THAT IS REALLY GOING ON ON THIS PLANET,? THE SUCCESFULL PEOPLE NEED 2 OPEN UP AND NEED TO START GIVING BACK TO THE COMMUNITYS NOT JUST $ BUT THESE COPS & COURTS & CORPORATIONS THAT ARE HARMING EVERYONE AROUND THEM EVERYDAY. IF THESE CORPORATIONS CAN LIE TO US ALL EVERYDAY & THREATEN OUR LIFE EVERDAY BY TAKING OUR INFORMATION & PUT US ALL TO JAIL AT ANYTIME 4 ANYTHING THEY WANT TO DO TO US AND THERES NO ONE TO GO TO TO GET HELP AND ACTUALLY GET TRUE JUSTICE FOR THE CRIMES THERE COMMITING ON THE PEOPLE EVERYDAY , THEN ITS EVERYBODYS FAULT FOR NOT STEPPING IN TO HELP OUT OTHERS WHO ARE BIENG UNLAWFULLY CONVICTED & HUMAN TRAFFICKING EVERYDAY ,, WE ALL ARE BORN FREE AND EVERYONE WHOBHAS POWER & INFLUINCE TO HELP CHANGE THINGS 4 THE BETTER IS JUST SETTING AROUND & LETTING THESE CRIMINAL ORGANIZATIONS & CRIMINAL COURTS & CRIMINAL COPS & SHERRIFS & LAWYERS GET AWAY WITH TREASON EVERYDAY AND NO ONE IS HELPING TO FIGHT BACK 4 TRUE AMERICAN FREEDOMS & RIGHTS 4 EVERYONE,, IM JUST A POOR BROKE MAN THAT HAS BEEN THREW SO MUCH & CANNOT GET HELP OR SUPPORT AT ALL, & EVERY ONE THAT IS A PART OF THE HARM AND DAMAGES DONE 2 ME ,ARE JUST SETTING WATCHING ME STRUGGLE , AND NOT LENDING A HAND AT ALL?? ,, I FILL SO BAD 4 EVERYONE WHO HAS BEEN DONE THE SAME WAY AND WHO HAS BEEN TREATED & DONE WORSE THAN ME , AND I WATCH EVERYONE HAVE FUN EVERYDAY THAT HAS MONEY OR SUCCESS AND CLASS & STATUS & ITS NOT RIGHT THAT THEY DONT HELP OR HELP TO STOP THE TRUE CRIMES BIENG COMMITED ON THE PEOPLE , WITH THERE TRUE GIFTS THAT THE MOST HIGH HAS GIVING THEM & THAT IS TO HELP OTHERS AT ALL TIMES & TO PROTECT OTHERS EVERYDAY . SO WHEN U COME FROM FAMILY THATS NOT FINANCAIL LITERATE OR HAS NEVER BEEN INDEPENDENT OR SUCCESSFUL OR THAT HAS NEVER EVEN OWED THERE OWN COMPANY B4 ALWAYS LIVE CHECK BY CHECK & LIVE OFF OF SOCIAL SECURITY THEN ,ITS HARD 4 LOWER CLASS & STATUS OF PEOPLE TO MAKE IT OUT THE TRAPS FROM THE CORPORATE SOCIETY & THERE OUTSIDE SURROUNDINGS IN THERE NIEGHBORDHOODS EVERYDAY WITH OUT PROPER HELP & SUPPORT & UNCONDITIONAL LOVE FROM PROPER EDUCATION FROM SOMEONE OR A FINACIAL ORG WHO ACTUALLY CARES ENOUGH TO HELP OTHERS BECOME SUCCESSFUL LIKE THEY ARE , SO THEY CAN RETURN THE FAVOR ONEDAY TO HELP OTHERS OUT IN THE FUTURE ,,SO ALL THE ABUSE FROM THE FINANCAIL OFFICAILS & THE COURTS & COPS, SHERRIFFS & LAWYERS HAS TO STOP 1ST , THEY ARE ALLOWING THE TRUE CORRUPTION GO ON IN THERE COMMUNITYS TO DOMINATE THE TERRITORY & THE PEOPLE,, IT WILL NEVER CHANGE UNLESS THE HIGHER UP OFFICAILS MAKE A CHANGE, AND STOP BE ING APART OF DEFRAUDING THE PEOPLE IN THE COMMUNITY & ALLOWING OTHER CORPORATIONS TO HURT & DAMAGE PEOPLES LIFES & STEALING THER PROPERTYS & FINANCES EVERYDAY. WERE ALL APART OF SOMETHING SO MUCH BIGGER & BRIGHTER ,OUR PURPOSE ISNT TO LET OTHERS SUFFER MENTALLY ,PHYSICALLY, SPIRITUALLY OR FINANCAILLY!! WE ALL DESERVE THE TRUTH ON REAL FINANCAIL FREEDOM ,WITH OUT HARM OR THREAT & BE DAMAGED BY ANYONE OR ANY CORPORATIONS. 1 DAY I CAN ONLY HOPE TO BE APART OF & HAVE THE CHANCE TO HELP CHANGE THE FINANCAIL EPIDEMIC THAT HAS BEEN GOING ON FOR CENTURYS & DECADES DONE TO THE PEOPLE & HELP CHANGE OTHER PEOPLES LIFES ONEDAY , & HELP MAKE OTHER PEOPLES DREAMS COME TRUE !! T.Y. COACH LISA & TEAM 4 ALLOWING ME TO COMMENT & VENT MUCH LOVE & RESPECT TO U ALL TTYL S.P.2023.
⚖️G✌✌G⚖️
The thing I took the most from this is to see my job as an investor. It can be hard sometimes cause I be sooo ready to leave and move on, only to go to another job just to be sooo ready to leave and move on. But I definitely need to start thinking bigger and more long term to invest in my future self.
Thank you Sis Lisa for speaking wisdom
Thank you, Lisa.
I needed to hear that. I quit my day job (international educator in Cairo, because it was not healthy anymore and I wanted to go a different way.
My dream: to motivate and inspire, but I am running out of money. I am not there yet. I needed to hear: “Your job can be a source of steady income. It blesses you with the security of a regular paycheck while you continue to build your business. Being an entrepreneur is a great thing, but you need money to pay your bills while you’re in the building stage…” I am going to send my resume to tomorrow. Thank you, Lisa – aways. Ilonka Mignon M.
I just appreciate how you always come through and be the confirmation that I and my family need. Words of inspiration! Thank you, Thank you , Thank you!
Thank you! It was good to know to keep working and to start saving! Even if it’s a little bit!
Thank you so much Lisa my sister in properity.You have actually given me hope about the present and the future. That I need to develop the culture of saving regularly no matter what and no matter how small the amount my seem.You have reminded me that self-care is not selfish, but indeed very crucial. When people are flying they are reminded to put their oxygen mask first before giving assistance to others .When I am best to myself indeed I will be best to others.Oh Lisa God bless you for motivating the masses. This is your life purpose and you do it so well.Always grateful for what you do for the masses.Thank you .I love you Lisa
Your job is your investor. Got it