You already look and sound more motivated! For me, the stress of working for someone else was exhausting. Once I realized I could grow my own business and meet my financial (and other) goals, the need to have a "real job" became so much less important. Even my family stopped asking if I was looking for work and started asking how my business was doing instead. Everybody had a mind shift!
I am so excited for you!! You sharing your journey about your corporate burnout and transitioning to self-employment has actually helped me be more grateful for the job that I have and more motivated about grinding towards my goals this year. I am so looking forward to living vicariously through you as you embark on this self employment journey! What a dream! As for my 2024 goals, I had set a goal to invest $30,000 this year and I just increased that goal to $40,000 because I'm way ahead of schedule! Cheers to hitting our new goals this year! 🥂
So proud of you for quitting your job!! I just requested a month long leave of absence from my job and am waiting the decision. But I’m definitely going to be quitting before the year is out and when I do, the first thing I’m doing is spending a month in Colombia 🇨🇴
Congrats on the goals achieved, I have no doubt you'll accomplish all the new ones you've just set up! I laughed at the S Corp / escort misunderstanding lol 🤣🤣🤣 Sending love from Brazil! ☺☺
the s copr comment had me laughing XD now is a really good time to reevaluate my goals, should get onto that i guess... :) thank you for keeping us motivated
Do check with your tax accountant on the ratio of salary to profit distributions. The salary has to be ‘reasonable’ in order to get the tax treatment you are planning on.
I'm so excited for you! I'm glad you took the leap. Other youtubers I follow took a sabbatical. I'm not sure if you've seen the channel The Upgrade but watching her sabbatical has been interesting. Even if it didn't go as planned, you'll learn so much.
So excited for this new chapter for you! Btw I would check with your accountant but I think SEP IRA counts towards ProRata so I don’t think you can contribute to it if you have maxxed roth ira. Otherwise super exciting!
We are proud of you too. I'm so excited to be able to watch you evolve in this new season! Are you rolling over your 401K into your SEP IRA? Or will that cause you to pay taxes? Asking because I'm not sure.
Thank you so much!! ❤️ I can do that but I'm not sure of what I'll be doing yet. I was thinking to just leave my 401(k) where it is because I like what I'm invested in, but I'll be talking to my Accountant about this decision!
I got a plan through healthcare.gov, including dental insurance. I'll make a full video about this soon covering all the details! Through May though I still get to use my companies insurance
Definitely window shop for new car insurance. My husband has a 2019 Corolla and he pay $350 every 6 mths. I have a 2005 Benz and pay $135 every 6 mths. But every year or so we ship for cheaper insurance.
Meanwhile, I have a 2019 Corolla, have never had an accident, and pay $950 for 6 months 😢 Texas has super high rates of uninsured drivers so rates are stupidly high.
Emergency fund, travel, beauty (which is now just savings for insurance tax credit), car/car maintenance, car insurance, taxes, business, and gifts. I do have a few more but I'm not currently funding those and they barely have a balance.
Hi Leila, I was wondering if you’d still say it was the right decision to switch careers and put all the effort and time into learning salesforce when you only stayed in the field for so long? (I don’t mean this in a negative way, just wondering what your thoughts are) Thanks!
I definitely think it was! It allowed me to work remote, which allowed me to move further out from the city and save money, I had a higher pay, and then a 401(k) with a 6% match. Plus I learned a new skill and if I ever needed to go back to work (which hopefully won't be the case lol) I would have that to fall back on!
I hope this is not offensive but now is a perfect opportunity for your boyfriend to take on more of the financial responsibility while you stabilize your business. I don’t know his income but based off how you describe him he seems to be someone who is doing well financially. Partnership is about helping each other. I wish I had a partner in my life I would have 10x what I have now lol. Use all resources (including boyfriend) that are accessible to you.
So over the last year that we've lived together, I actually made more money than him but he still paid more. This was ultimately my decision to leave my job and wasn't out of any true necessity (like ill health or anything luckily) so I don't feel like it's fair to make him pay for everything when I'm fully capable of it. He does pay for the big ticket items (we're getting our roof done for example), but I'm confident I can pull my weight no problem!
You made my day telling us that people thought you said “escort.” 😂
😂 I didn't even think of it before that comment!
You already look and sound more motivated! For me, the stress of working for someone else was exhausting. Once I realized I could grow my own business and meet my financial (and other) goals, the need to have a "real job" became so much less important. Even my family stopped asking if I was looking for work and started asking how my business was doing instead. Everybody had a mind shift!
It's really so amazing!! I'm so glad to hear that about your business!! ❤️
I am so excited for you!! You sharing your journey about your corporate burnout and transitioning to self-employment has actually helped me be more grateful for the job that I have and more motivated about grinding towards my goals this year. I am so looking forward to living vicariously through you as you embark on this self employment journey! What a dream! As for my 2024 goals, I had set a goal to invest $30,000 this year and I just increased that goal to $40,000 because I'm way ahead of schedule! Cheers to hitting our new goals this year! 🥂
Thank you so much!! And that's an amazing investing goal!!
So proud of you for quitting your job!! I just requested a month long leave of absence from my job and am waiting the decision. But I’m definitely going to be quitting before the year is out and when I do, the first thing I’m doing is spending a month in Colombia 🇨🇴
Thank you so much Denise!! And omg I hope they approve and I'm excited to hear about when you leave. I want to visit Colombia again ❤️
Let the adventure unfold, one step at a time! Exciting!!
Thank you!!
Congrats on the goals achieved, I have no doubt you'll accomplish all the new ones you've just set up!
I laughed at the S Corp / escort misunderstanding lol 🤣🤣🤣
Sending love from Brazil! ☺☺
😊 Thank you so much!!
the s copr comment had me laughing XD now is a really good time to reevaluate my goals, should get onto that i guess... :) thank you for keeping us motivated
You’re living the dream.
It's a blessing!
@@PersonalFinancewithLeila it’s not a blessing, you worked for it.
I am looking forward to seeing your journey. Congrats on choosing what is best for you.
Thank you so much!
Can’t wait for all the videos that will be coming!
Thank you so much!!
Do check with your tax accountant on the ratio of salary to profit distributions. The salary has to be ‘reasonable’ in order to get the tax treatment you are planning on.
I'm so excited for you! I'm glad you took the leap.
Other youtubers I follow took a sabbatical. I'm not sure if you've seen the channel The Upgrade but watching her sabbatical has been interesting. Even if it didn't go as planned, you'll learn so much.
Thank you so much! And yes I love Kiki's videos and journey!
So excited for this new chapter for you! Btw I would check with your accountant but I think SEP IRA counts towards ProRata so I don’t think you can contribute to it if you have maxxed roth ira. Otherwise super exciting!
Thanks Jani!! I believe I can contribute to both but I do have an appointment with my CPA so I'll be sure to confirm!
Leila, you got me on my knees, Leila
Beggin' darling please, Leila
We are proud of you too. I'm so excited to be able to watch you evolve in this new season! Are you rolling over your 401K into your SEP IRA? Or will that cause you to pay taxes? Asking because I'm not sure.
Thank you so much!! ❤️
I can do that but I'm not sure of what I'll be doing yet. I was thinking to just leave my 401(k) where it is because I like what I'm invested in, but I'll be talking to my Accountant about this decision!
Yessss. Goals!
❤️❤️❤️
What ar you doing for health insurance?
Working for yourself you just pay for health insurance yourself or like me you dont have any health insurance 👍
So exciting. I can’t wait to watch your journey ahead.
@@eddie3500 Honestly I've been on my own health insurance for like 5 years now. I could have done without lol
@@ziggy8036 iv been without for almost 10 years now since i was 20 lol
I got a plan through healthcare.gov, including dental insurance. I'll make a full video about this soon covering all the details! Through May though I still get to use my companies insurance
congrats, this is big moves
Thank you!!
You got it 🤛🤛
Thank you!!
Definitely window shop for new car insurance. My husband has a 2019 Corolla and he pay $350 every 6 mths. I have a 2005 Benz and pay $135 every 6 mths. But every year or so we ship for cheaper insurance.
**shop**
Meanwhile, I have a 2019 Corolla, have never had an accident, and pay $950 for 6 months 😢 Texas has super high rates of uninsured drivers so rates are stupidly high.
What state do you live in? I think that's a big factor. Unfortunately in GA rates have increased a ton in the last few years.
We are in South Carolina. In our 40s no accidents or tickets
Have you tried lowering the liability coverage to 50/100/50? That would help lower your premium
😂😂😂😂😂 on the escort thing ! Now you have more time I bet your business will blow up😀😀😀😀gonna be so nice to not wake up with alarm you are goals!!!!!!
What are the categories for your sinking funds?
Emergency fund, travel, beauty (which is now just savings for insurance tax credit), car/car maintenance, car insurance, taxes, business, and gifts. I do have a few more but I'm not currently funding those and they barely have a balance.
Hi Leila, I was wondering if you’d still say it was the right decision to switch careers and put all the effort and time into learning salesforce when you only stayed in the field for so long? (I don’t mean this in a negative way, just wondering what your thoughts are) Thanks!
I definitely think it was! It allowed me to work remote, which allowed me to move further out from the city and save money, I had a higher pay, and then a 401(k) with a 6% match. Plus I learned a new skill and if I ever needed to go back to work (which hopefully won't be the case lol) I would have that to fall back on!
@@PersonalFinancewithLeila makes sense, thank you!
I hope this is not offensive but now is a perfect opportunity for your boyfriend to take on more of the financial responsibility while you stabilize your business. I don’t know his income but based off how you describe him he seems to be someone who is doing well financially. Partnership is about helping each other. I wish I had a partner in my life I would have 10x what I have now lol. Use all resources (including boyfriend) that are accessible to you.
I was just about to say this, but wasn’t sure how to word it nicely. He needs to be pulling more weight, especially during this transition.
In previous videos she shares how supportive Sebastian is & he provides a lot. 😊❤😊
So excited for your next chapter. Thank you for sharing with us. 😊❤😊
@@catgodfrey6451 He doesn’t provide enough. She shouldn’t be paying household bills.
So over the last year that we've lived together, I actually made more money than him but he still paid more. This was ultimately my decision to leave my job and wasn't out of any true necessity (like ill health or anything luckily) so I don't feel like it's fair to make him pay for everything when I'm fully capable of it. He does pay for the big ticket items (we're getting our roof done for example), but I'm confident I can pull my weight no problem!
If you were an Escort you could have maxed out that 401k and been able to reach that net worth of 150k 😂
Right?? 😂
Great content laila!💪
Is there anyway i could get your email?
Would love to send you something!