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Peg Cheng: Writer

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I Applied for a Job and the Universe Said, Aww Hell No

I was all set to write about the top 10 things no one tells you about being a full-time writer when I was hit with a Universe Wake-Up Call. So, you know I had to switch gears and tell y’all about it.

I applied for a job.

Full-time. 9 to 5. Monday through Friday. Yep, one of those deals. If you read my last post on money, you know that I’m set for retirement. But, and this is a big BUT, I still need to earn an income for the next 23 years. Writing, selling my novel and Fear & Writing course, and teaching a few workshops is not bringing home the bacon. Let’s be frank, it’s not even bringing home bacon bits.

The job was to work as an academic and career advisor at a community college. I have 15+ years of experience in this area. It was work I’d done before and enjoyed. I thought it was a great match.

I worked hard on my resume and application, then I met up with a friend who’s the director of advising at a different community college to get her advice. She gave me great tips and encouraged me to go for it (thank you, Emily). So, I did. I applied.

Part of me was happy that I had applied and done the best job that I could on the application. But part of me wondered, should I stay self employed?

About a month before, I had written this on a piece of paper and placed it in my God Box.

Divine Spirit, If I am meant to stay self employed, show me the way to work and daily practices that will help me build a joyful, kind, nourishing, gratifying, fulfilling, and financially rewarding life and career. I am ready. If self employment is not right for me at this time, lead me to the right job(s). Thank you!

About a week later, I found the advisor job, and wrote this.

Divine Spirit, The right job is waiting for me. I find it, apply well and on time, am called for (an) interview(s) and do extremely well at them. The salary offered to me is a great match for my skills and experience. The path to the perfect job for me is already set. I am ready to walk the path.

Two weeks later–a week before I applied for the job–I wrote this.

Divine Spirit, I am trying to choose between getting a job and doing multiple streams of income. Please show me the right path. I am open to receiving your guidance and wisdom.

I’ve struggled with this question for a while. This job was not the first I’ve applied for. In fact, it wasn’t until today that I realized that it was the ninth job I’d applied to in my nine years of self employment. Nine in nine. I know. There’s some symbolism there.

Anyway, these worries had been keeping me up at night. So, I decided to give it up to the Universe, the Divine, whatever you want to call the Higher Power if you believe in that (it’s okay if you don’t). I stopped grasping for an answer and surrendered it.

Well, dear readers, that’s when things started to happen.

First, right before the job ad closed, I got word from the company I’ve been working for on a very part-time basis that I was being promoted from local event producer to regional event producer. That meant instead of coordinating three photography workshops a year, I was now going to produce TWELVE workshops a year. And not just in Seattle, but in Portland and San Francisco too. Travel costs paid. Even better, my hubs Marcus is a photo coach for these workshops so we’d get to travel and work together TWELVE times in this next year.

I was ecstatic!

But I wasn’t all the way home yet.

The money I’d earn through this gig was better than last year, but it still wasn’t enough for a “good enough” part-time job. It was more like a good enough quarter-time job.

I still wondered, maybe I should still get a job?

I offered that up to the Universe again. I prayed in the shower. (I admit it, that’s when I usually pray.) Help me find the right path.

I figured I had at least two months to figure it out. You see, it can take months for colleges to run their selection process.

The application deadline was May 10. It usually takes one month for them to pick who they want to interview–so I might hear from them by June 10. Then, interviews would take another month. I figured that if I got an interview and went through the process, I might know if I had the job by July 10.

Like I said, two months to decide which way to go.

Nope.

The Universe had other plans.

Yesterday, while I was meeting with Jenny, my self-employment coach, an email was sent to me from the community college. When I arrived home, I opened it and it said, “This email is to let you know that you have not been selected to interview for the position. We received applications from many well-qualified individuals, which meant making difficult choices among excellent candidates.”

For a second, I was in shock. 15+ years of experience and I didn’t get even an interview?!

Then, I started laughing like a crazy person.

Marcus asked me what was wrong and I read him the email.

He started laughing too.

You see, I had returned home from my meeting with Jenny with a new business idea. I was excitedly telling Marcus about it when I sat down at my computer and opened my email. That’s when it hit me.

I applied for a job and the Universe said, “AWW, HELL NO!”

Not maybe you’ll have to make a hard decision between a job and being self-employed. No, not maybe. Just, AWW, HELL NO!

With that email, the Universe said, you’re not even going to get the chance to try for that job.

I can’t imagine what strings the Universe had to pull to make the community college get back to me so fast. That email came less than four days after the ad closed, three days after receiving the promotion to regional producer, and on the same day (the same dang HOUR, people! I checked the time stamp on the email!) that I met with my coach and discovered a new business that I want to do.

Do you believe in messages from the Divine?

Well, I do.

With these three events, the Universe said this to me.

You’re going to stay self employed and produce those fun photography workshops on the west coast. You’re going to start a new business. And, last but not least, you’re going to keep writing. That’s right, girl. You’re going to keep writing. That’s what you’re going to do. So stop applying to jobs, Peg, and get going!

Thank you, Universe.

I hear you loud and clear.

And, I’m finally listening.

Photo: Milky Way behind a full-scale replica of Stonehenge near Maryhill, Washington by Marcus Donner.

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Top 10 Things I Did Right with My Money

I will retire as a millionaire.

Now before you start getting ideas that I come from a rich family, I’ve received a huge inheritance, or I’ve won the Lotto, let me quash that right now. None of those things are true.

In fact, my average salary over the span of my working life has been just $27,108. I’m not counting the seven years that I worked part-time while I was a student, and I’m not counting the last three years where I’ve made nearly zip as a full-time writer and speaker. During the two decades when I worked full-time in jobs and in my businesses, my average salary was less than $30,000 a year.

Still, I will retire as a millionaire.

Hard to believe?

Sure is.

I still pinch myself every time I run one of those online retirement calculators and that amazingly large number pops up. I’ve tried many different calculators just in case the last one was a fluke. After trying five of them, I finally believed that big ol’ number to be true.

I’m 47 and will “officially” retire 23 years from now when I’m 70. I say “officially” because I don’t plan on ever retiring. I hope to keep writing, teaching, and helping people reach their goals until my dying day. So, even though I don’t plan on retiring, age 70 feels like the right time to start withdrawing from my retirement account.

How did I get here?

Well, I’m not smarter than you. I’m not luckier than you. I’m just an everyday person who did lots of things wrong, but some key things right.

Here are ten things I did right with my money.

1. I stopped paying retail (most of the time).
When I was younger, I bought everything retail. If I wanted a shirt, I went out and bought a new one. If I wanted a book, I’d buy it new. But over the last decade or so, I’ve become savvier with my money. For example, I’ve discovered that I can usually borrow the book I want at the library for free, or I can buy it used for a fraction of its retail price. If I want new clothes, I hit my local Goodwill instead of the mall. Last month, I bought a pair of like-new Citizen of Humanity jeans at Goodwill for $20. Guess how much they retail for? $208. Yep, I saved myself $188. It’s worth it to shop around.

2. I spent more on things that I loved.
I’m a frugal person, but I’m not cheap. If I see something that I know I will love and use for a long time, I will buy it. For example, I have a beautiful purse that I bought on sale for $250. Now, that doesn’t sound frugal, does it? Actually it is. I’ve used that purse nearly every day for the past ten years. That works out to just $25 per year. It’s a fantastic purse—I get compliments on it all the time—and because this is my prime purse, I didn’t buy hardly any other purses for ten years. Buying the thing that I loved helped me save money over time.

3. I spent less on things I didn’t care about.
There are lots of things I don’t care about so I spend little to no money on them. For example, I’m not a drinks person so I spend zero money on flavored drinks or alcoholic drinks. When I’m entertaining, I provide the food and ask guests to bring their favorite drink. When I eat out, I order water (tap, not bubbly or bottled) for free. Speaking of eating out, I’m not into fancy food so I don’t go to fancy places. I’m a burgers, fries, and tacos kind of gal. My husband Marcus and I eat out two or three times a week and our bill is usually never more than $20. We want to use our money on good produce, seafood, and meats rather than spend it on expensive meals out. Over time, I’ve learned to spend more on the things I value and less on things I care less about.

4. I started a retirement account when I was 25.
I read a bunch of personal finance books in my 20s and they all said, SAVE FOR RETIREMENT AS SOON AS POSSIBLE. After you’ve saved money for an emergency fund—that’s 3+ months of expenses stashed in a savings account in case you lose your job—start socking away money into your company-sponsored IRA or 401K. If you’re self-employed, open a SEP-IRA. When I was 25, my job paid me $11.23 an hour for 32 hours a week. I was earning only $1557 per month. I had little money to sock away, but I did it with every paycheck. When I left that job after seven months, I had saved $600 in my retirement account ($86 per month). That $600 has grown A LOT in the last 22 years. Which brings us to the next tip…

5. I paid myself first.
This is my most important tip. PAY. YOURSELF. FIRST. That means if your job offers a retirement plan, take advantage of it. Don’t wait. Sign up and start contributing NOW. Even if you can only save $50 a month, do it. Every bit matters. Having a percentage of your paycheck deposited into your retirement account will not only help you on tax day, it’ll also help you years from now when you’re ready to retire. Set it and forget it. Another thing that helped me a ton is I took advantage of the employer match. This means that if my employer was going to match my contribution of 5%, then I sure as heck put in 5% of my income. That’s FREE MONEY, people. Pay yourself first, then live off what’s left. It’s simple, yet so many people don’t do it.

6. I used my wedding money to buy a house.
I have to give my ex-husband Erik and his mom credit for this one. His mom said that any money we receive when we get married should be saved for a down payment on a house. Don’t use it to pay your wedding bills or buy new stuff. Save it. My parents and relatives gifted us money on our wedding day and we did what Erik’s mom advised. We saved it, saved more, and a year later, we bought our first house with that money.

7. I used my divorce money to buy a house.
When Erik and I got divorced, he wanted to keep our house. So we refinanced the mortgage so he could buy me out of my share of the house. I wanted to take the money and do something I’d always dreamt about: move to New York City. I started researching MFA programs in NYC. But, several months later, I met my-now-husband Marcus and everything changed. I stayed in Seattle and built up my savings. A year later, I bought my first house on my own. Ten years later, rent in our neighborhood is now triple our mortgage payment. We couldn’t afford to live here if we didn’t own our house.

8. I bought used cars instead of new ones.
You’ve probably heard that a new car depreciates in value the minute you drive it off the lot. Well, I’ve also read that cars lose up to 30% or more in value after being driven for just one year. Add to that that many new cars cost as much as a down payment on a house and you can see why I’ve only bought used cars. I didn’t grow up this way. After being burned by used cars that turned out to be lemons, my parents always bought new. But for me and Marcus, we scan the ads on Craigslist for months to find the perfect used car, and instead of $35,000, we pay $5000 (the most we’ve ever paid for a car).

9. I swapped homes to go on vacation.
I could write a whole post about the benefits of home swapping, but for now, let me just say that when Marcus and I started exchanging homes with people around the world, we were finally able to take the long, relaxing vacations of our dreams. Lodging is often the highest expense of a vacation, but by swapping homes (and sometimes cars too), we don’t pay for any of that. The annual fee we do pay ($150 at the time of this post) to use an exchange service is tiny compared to the money we save. For example, a few years ago, we spent three weeks in Iceland. We calculated that if we had paid for a hotel and rental car for three weeks, we would have spent $6500. Instead, we paid $0 for a three bedroom flat in downtown Reykjavik and the use of a 4WD truck. Cool, huh?

10. I never touched my retirement money.
Remember all those personal finance books I read in my 20s? Well, in addition to recommending that I save for retirement as soon as possible, they also said, DON’T TOUCH YOUR RETIREMENT MONEY. When you take money out of your retirement, you destroy the amazing compounded interest you’ve built up over time—that’s money that your money has produced and then reproduced. As you know, I’ve made a modest salary for years. I often didn’t have much money to put into my retirement. But what I did put in, I knew would grow and grow as long as I didn’t touch it. So, that’s exactly what I did.

Now you know my top ten money secrets. Thing is, they aren’t really secrets–you’ll find some version of them in most personal finance books or blogs. You may not agree with all of them, but I hope you’ll try the ones that intrigue you. And if you want to have a comfortable retirement, I hope you’ll take my story to heart and start saving for your future NOW. You CAN make a modest salary and still retire as a millionaire. I’m living proof that it’s possible.

Disclaimer: I am not a financial advisor, accountant, tax professional, or attorney. My tips should not be taken as professional advice. This post is for entertainment and/or informational purposes only.

Money photo by Alexander Mils on Unsplash