Some People Give Up Increased Pay to Enjoy More Work-Life Balance
Some People Give Up Increased Pay to Enjoy More Work-Life Balance
There are many online entrepreneurs and other individuals who suffer for their finances. They are so driven to achieve maximum earnings that they never even consider the sacrifice they are making in terms of personal satisfaction in life.
Sometimes, it may be beneficial for you to take a cut in pay in order to enjoy more of what life has to offer. Whether you are a freelance service provider, info product creator, affiliate marketer, online coach, or other professional, you have to ask yourself if the hours and effort you are putting in are worth the diminished personal enjoyment you feel at the end of your day.
There are so many people who are striving to make extreme amounts of money, yet don’t realize they’ll have no time to spend it on things they enjoy. This doesn’t have to be a drastic cut in pay.
What you need to do is calculate how much you would have to give up in order to get the kind of life that you crave and deserve. Sometimes, a small tweak in your responsibilities can result in a big change in terms of your personal satisfaction.
For example, if you are a freelance service provider or coach, you are trading time for money. Ask yourself if the elimination of one client or project per week would free up enough time for you to be able to do the things you love.
You don’t always have to take a cut in pay, either. Sometimes, you can rearrange your career and finances so that you are working less, yet earning the same, if not more. So how would this work?
This is a case of simply increasing your price points. Of course, you do want to be competitive in the marketplace. But most people under value and underpriced their services and deliverables.
Plus, even a small bump in price can often pay for what you need to bring more satisfaction to your life. For example, a coach who has 10 clients at $90 each per hour might be able to bump up his or her pricing to $95 or $100 in order to eliminate a few hours per week that gives them more time to do what they enjoy.
Another thing you can do is look for additional income streams. You can always re-purposed your content so that what you have done is bringing in more money and freeing you up financially to focus on other things.
You could even package up all of your blog posts into a book and sell the book to those who want the information in one convenient location. You can also find ways to monetize the multimedia content that you have released into your niche.
Whether it’s blog post or videos, you can add links as an affiliate or vendor to increase revenue and allow you to spend less time working. But even if you can’t replace the income that you would like to see stick around, it may be worth it for your mental health and personal satisfaction to cut back on work and enjoy life more.
Sometimes, you can do with less and end up being happier. It’s simply not how we were raised to look at life. Reframing your outlook on finances versus personal satisfaction will be an important part of your journey.