The Single Paycheck Trap (And How I Escaped It)
|
Reader, I had a 6-figure salary and quit without a backup plan. Sounds crazy, right? But that impossible decision taught me the most expensive lesson of my career: 'stable' jobs aren't actually stable. The wake-up callMy high-paying job was destroying my marriage. As the sole provider, I faced an impossible choice:
I chose my family and resigned. Then reality hit: No income. Bills still coming. Mortgage still due. That's when I realized I had made the riskiest financial move possible: putting my entire family's wellbeing in someone else's hands. The hidden danger of single paychecksHere's what nobody tells you about depending on one income source:
We diversify our investment portfolios. But we put 100% of our income-generating energy into ONE job. That's not financial planning. That's financial Russian roulette. The breakthroughAfter my resignation panic, I decided: Never again. I started building multiple income streams using skills I already had. My leadership training experience became freelance consulting. Result: $20K in extra income over two years. What I wish I knew then:→ You don't have to choose: employee OR entrepreneur. You can be both. → Financial security starts in your mind, not your bank account. → Taking action from complete self-belief creates lasting results. → You already have what it takes to create income security. Your turnHow many income sources do you have right now? If the answer is one, you're more vulnerable than you think. This week's podcast deep diveI'm sharing the full story and my step-by-step approach to building income security in this week's podcast episode: 'The Single Paycheck Trap: Why Smart Women Stay Financially Stuck.' Click to listen on your favourite podcast player:
You'll discover:
Ready to break free from the single paycheck trap?Your 6-figure salary isn't making you financially secure. It might be keeping you financially stuck. Time to change that. Sharon PS: Forward this to a professional woman who needs to hear this message. She'll thank you later. |
Sharon Singh Sidhu
Reader, I've been thinking about why so many smart, capable women feel stuck in their careers. And I realized something: We've been taught to build careers like men in the 1950s - linear, logical, based on external metrics of success. But what if your path is supposed to be different? What if your sensitivity isn't a weakness but a superpower? What if your intuition isn't 'soft' but your competitive advantage? What if your desire for meaningful work isn't 'unrealistic' but exactly what the...
Reader, Here's a stat that stopped me in my tracks: 73% of working mothers are planning a career change within the next 12 months. But here's what the research doesn't tell you: Most of them will make the same mistake I made for years - they'll change their job, not their approach. Different company, same exhaustion. New role, same feeling that something's missing. What if I told you the women who actually create careers they love aren't just changing jobs - they're changing how they make...
The Weekly Newsletter CAREER COACH FOR WORKING MOMS I've always been the person who makes career decisions that look crazy from the outside. Pay cut for a smaller role? ✅ Leaving stable jobs for unknown opportunities? ✅ Following gut instincts over spreadsheet logic? ✅ People thought I was either brave or reckless. Turns out, I was just being myself. Last week I discovered Human Design - basically a personality system that creates your 'user manual for life' based on your birth details....