6. Shop For Health Insurance

When you are switching to self-employment, or going to work for a small business or nonprofit that does not offer a health insurance plan, then shop for a new health insurance plan. For this you can look individual policies online, or consult find a local health insurance agent. Besides having a health insurance, you must also sign for disability insurance. Disability insurance will provide protection to your largest asset: your ability to generate income to support yours and your family living expenses.

7. Set-Up A Self-Employed Retirement Fund

If your career drive invokes you to start a new business, or join a non-profit organization or work for a small firm, then in all these cases you will need to set-up a retirement fund. If you want retirement fund to provide you a big saving cushion then just follow one simple saving strategy: Pay yourself first! And wait to save until you have met all your financial obligations, then you will never be able to built a big retirement nest. And don’t forget that it’s you who is responsible for own financial future.

Also Read: Why These 8 Numbers Are Crucial For Your Money?