THE CAREER CHANGE FINANCIAL PLANNER » Tool created by Sherrill http://blog.newmeans.com Break Away Without Going Broke (SM) Tue, 10 Aug 2010 22:17:21 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 The tools you need to “do the math”… http://blog.newmeans.com/2007/11/14/do-the-math/ http://blog.newmeans.com/2007/11/14/do-the-math/#comments Wed, 14 Nov 2007 15:28:07 +0000 Sherrill St. Germain http://blog.newmeans.com/?p=14 “If it weren’t for the money,” you’d quit your job in a New York minute, right? But you’ve got mouths to feed, a mortgage to pay, and no shortage of other bills. So how do you get over this financial hurdle — often the last piece of the career change puzzle — and make a change that sticks?

Information please! Doing the math, running the numbers, whatever you want to call it, is the way to get a handle on where you stand financially and gain the confidence to make the switch. OR it can shed light on where you need to plug some holes in your financial plan prior to jumping ship. 

You’ll want to take a look at both net worth and cash flow.  Reviewing net worth means determining what assets might be available to pay for any costs associated with a transition, & what liabilities might get in your way.    Reviewing cash flow will tell you how your ongoing expenses stack up against your income, and whether you need to cover any gaps. 

To help with this effort, I developed these two spreadsheets which you can download for free:

Enjoy!

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