this has not been a very good year so far. my decision-making process has been very rash. if i analyze what's happened so far this year, hopefully it can help me get clarity on my future decisions from this point on.
dilemma #1.
- income situation as of the beginning of january
actionable solutions.
- interviewed with a mutual fund company
- interviewed with several banks
outcome.
- hold off on holding actual jobs
reason.
- possible big business venture, where clients from the venture can become clients of the mutual fund company
- mr D and the vegas move possibility
outcome of business venture.
- a flop, even possible scam
cost.
- 2 1/2 months worth of possible salary i could have made
- 2 1/2 months worth of study time i could have allocated
- my friend's expenses for marketing materials that were never used
my number one concern at the beginning of the year is having another source of income...in the form of a job, an independent contractor stint or a business venture. i went for an interview with a financial planning company some time in december-january. went 3 times to meet with the district manager and after the third meeting, i decided to hold off for a bit on doing it only because a friend had a business proposal that sounded promising. needless to say, i told my friend that i won't be looking for a job until we produce some sale out of our venture. the deal was, he would pay for all the marketing materials and i would take care of all the sales activities. however, i was a little skittish about the company we were dealing with. i did extensive research on the subject and found many inconsistencies. so we decided to wait for more proof of closed transactions before we even start marketing the program. i wanted to wait because my name and reputation is on the line. after about 2 months (some time in march), i decided to begin the process of joining the financial planning company since the venture was taking a longer time. went through all the background checks and passed with flying colors. around april, i enrolled in the classes and started the licensing process. good thing i did. the company we were going to deal with got shut down by the state. so the whole business venture is a possible scam.
new solution.
- started the hiring and licensing process mid-march
roadblocks.
- background check, cleared
- money owed to previous companies, paid
outcome.
- ordered all materials mid-april
i can't believe that hiring process took almost a month! that's one reason why i should've started in january if i knew it was going to take that long anyway. aaaarrrghhh!
follow up action
- begin studying, mid-april
roadblocks
- mr D
- friends
- house work
- need income in the mean time
outcome
- wasted 2 weeks in vegas, cutting study time
- getting more worried about the income situation
- 6 weeks passed and i think i need one more week to prepare for the exam
looking at this one, my supposed "fast-track" did not happen as fast as i could. i let mr D get the best of me. i was sort of depressed all the time, too depressed to study sometimes. now, i'm more focused on the end goal. i need to explore all options now.
option #1
pros
- no rent
- only contribute $300 to cover groceries and incidental expenses
- emotional support from family
cons
option #1a (in conjunction with option #1)
- find a job that pays at least $12 per hour and work part time at the mutual fund company to start building the business
pros
- will have sufficient income to pay all bills
- less emotional stress about running out of savings funds
cons
- might get stuck with the job
- might get burned out
option #1b (still in conjunction with option #1)
- finish the licensing exams asap
pros
- can get hired immediately, making $2000 a month with full benefits
- can focus more on getting business
cons
- still have a lot to learn
- still needs to build a pipeline of prospects to see
option #2
- go to nursing school in florida
pros
- fewer distractions from friends
- can finish on time, or earlier
- deutsche can help in providing guidance
cons
- far away from family and friends
- what will happen to my bills?
option #2a (in conjunction with option #2)
- apply for a job in florida first, get hired, then go to school at the same time
pros
- killing 2 birds with one stone, getting an education while paying the bills
- nursing can be my fall back when everything else fails
cons
hmm...lots of options to choose from. i'll keep this updated and write what happened to those places i've applied at in california and florida. tomorrow i'll apply for jobs in florida.
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