This post was precipitated by a couple of events that have happened to me recently.
The first one was a conversation that I had with a co worker.
The second one is that I recently lost my job.
I’ll start with my co worker first.
We were going to lunch one day, talking about a variety of things when the subject of paying for daycare for your children came up.
She has two kids who need to be in daycare while she, and her husband go to work. I knew daycare was rather expensive, but when she told me that she paid $240 per week I almost fell down.
We started to talk about it further, and I asked her if it was even worth it to go to work.
I mean, even at first glance, if she took home $500 per week and you subtract the $240 for child care, it’s really $260 she’s taking home per week.
She told me the main reason she worked was for the benefits. You can buy a lot of benefits for $240 per week. Oh, by the way we were on our way to buy an $8 Chicken Caesar Salad which we did at least three times a week. There’s another $24.
I think you can see where I’m going here, but I want to tell you about my situation.
Like I said ealier, I lost my job.
In my eyes this has been an extremely good thing. It has given me a chance to build this website, connect with some really great people, and learn in the last three weeks, what would have taken me months to learn.
“In my life nothing ever goes wrong” Wayne Dyer
Anyway, like I said I haven’t been going to work, but I noticed that I seemed to have more money. I live in a fairly big city so for me taking public transportation makes more sense than driving, but it still costs $6 per day.
I have also not been buying any clothes. (I’m a bit of a clothes horse), watching what I buy in the grocery store, etc
Keep in mind all the money you spend is also after tax dollars, speaking of taxes, while I’m no authority by any means, but I do know there are some benefits of having an at home business.
Here in Canada, if you use a room specifically for your business you can write off that part of your rent or mortgage, utilites, phone, and even that $8 Chicken Ceasar Salad, as long as your discussing business while eating it.
You must check the tax laws in your area. I am not a professional.
Wrapping it up here’s just some ideas I thought of just off the top of my head.
Daycare, Lunches, Clothes for work, Travel expenses, Tax benefits.
So, how much money do you really need to make to start a business from home. Just by barely scratching the surface, I have come up with quite a few. I’m definitely going to delve into this a lot further, and I think that the goal of how much to shoot for just got dramatically reduced, and more within reach.
What are some of the ways that you can think of to put owning your own business, and working from home closer to becoming a reality ?
Please leave your comments, Tweet and share.
For those of you that have already made the transition, I would love to hear your thoughts and experiences. Lets kick this around a bit.
Thanks as always,