How to Decide to Quit Your Day Job
Quitting your day job can be one of the most rewarding decisions of your career, but it can also be one of the scariest. With some planning and belt-tightening, it can go relatively smoothly.
- Difficulty:
- Moderate
Instructions
Things You'll Need
- Career Counseling
- Calendars
- Business Plan Software
- Personal Financial Software
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1
Decide what you will do to earn a living if you quit your day job.
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2
Do you have another job to go to, or will you be starting a business from scratch?
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3
Determine how long you can go without work with the money you have available. Make a budget from your expenses from the past six months to see exactly where your money is spent, and see whether you can cut back on any expenditures until your cash flow returns.
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4
Consider your emotional needs. Do you have a strong bond to the work you do and the people you work with, or are you the adventurous type who is excited by change and the unknown? Is your identity tied into your current job?
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5
Ask yourself whether you have people who are counting on you and your current job to take care of them. Family responsibilities often keep people from making radical changes in their work life.
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6
Investigate the benefits you will lose by quitting your day job, including medical and retirement. Research some alternatives, including COBRAs and mutual funds.
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7
Quit your day job and discover the world that is waiting out there for you.
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1
Tips & Warnings
Unless you are independently wealthy, you will need to have some other means of sustaining yourself after you quit your job.
Quitting a job can be very stressful; many people do not deal with uncertainty well. Determine what you can and cannot put up with.
Contact a therapist or a career counselor for guidance during this period of uncertainty.
The financial constraints that most of us live within require that we have a certain amount of security in our work. Make sure you can financially handle quitting before you quit.
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Comments
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telepro
Aug 07, 2009
However if you want to change your life situation it calls for Change From You. Start surrounding yourself with people who have money, it sounds impossible but if you look hard enough there are people with money out there that really do not mind sharing how they got there. I personally am growing as an individual through my contacts. It is about change! Personal Development! I guarantee you this if you take 2 hours a day, doesn't have to be all at once, but just two hours a day and take 30 minutes to grow yourself through personal development, 30 minutes to help others do what you are doing, 30 minutes to developing a contact base, and 30 minutes to inviting others to do the same, you will be able to turn those 2 hours into something for yourself and trade out the current 8 for someone else. That I feel is when you have positioned yourself to Decide When To Quit Your Day JOB! So you... -
telepro
Aug 07, 2009
of which is getting harder everyday, is to have Money working for You! You must be financially free in order to really be FREE in our world. Am I lying? How else can you truly do what you want to do, when you want to do it, with whom you want? Can you just call in sick for a couple of weeks and take off to the Bahamas and expect to have a JOB when you get back? For that matter does the JOB you currently have pay you enough to afford to do something like that in the first place? Can you after that self proclaimed sick leave, walk to your mailbox and open checks that were being deposited there during your absence while you were not at your JOB. We both know you work at your JOB just hard enough not to get Fired! And the JOB Pays you Just Enough so You Don't Quit! If you are going to continue that attitude in your life you will NEVER have more than what you do NOW! However if you want t...
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telepro
Aug 07, 2009
5% of the population. Those who have Money Work For Them. There Is No Way In Hell You or anyone Else will become Financially Free Working For Money! America's problem, The Government! The Rich want to stay Rich and have built a Society to keep them in there place and US in Ours. What is it we are taught in school? How to be literate enough to be subservient and following. Get a Good Education and Get A Good JOB. Pay a larger portion of what you earn at that JOB to the Rich. Over and Over. When you make it! When you spend it! when you have made enough to enjoy it! (Luxury Tax) and finally when you Die! (Death Tax!?) How did they pass that defecation by us? They do not teach us in the school system how to succeed in life financially. Sure they teach you how to count but not how to count money! That schooling is left to the Rich. The only way to make it in this life, of which is gettin...
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telepro
Aug 07, 2009
making it to the hard labor of sitting behind a desk, standing on our feet, waiting on the public, pouring liquids into cups..... We have it so rough, out sourcing all the labor intensive jobs out of the country or to the less fortunate. Wake up America, Look Around You How many People do you see that are pushing the weight limit? I'm sorry I said I don't beat around the bush, I was trying to be sensitive, but America is Truly FAT and Lazy and it will be Our Demise. How do you know when it's time to quit your job? When you have the fortitude and Discipline to get off your ass and put in one hundred ten times the effort you are putting into the situation you are in now making someone else money, being someone elses leverage. Surround yourself if you must (although I am an Individual you really can not do it big on your own) with positive minded go getters that make up the 5% of the p...
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telepro
Aug 07, 2009
This is a continuation of a reply that apparently was too long, but I think You all need to read the entire reply. so this may take several replies. I am nothing special, I have 2 legs and 2 arms 2 eyes, like most of us, I believe I put my pants on the same way as most, 1 leg at a time, but I do not depend on anyone else or anything else to get me through this life that has been thrust upon me. Realistically, who can you Depend on But Yourself? Some one else is not always going to be there right when you need them, you are in the world as an adult you can't expect to be hand fed or taken care of as you were in infancy. That I feel the problem with this country is... Laziness, Dependency, oh the Government.... Remote this, wireless that, program this link that. Of course it is nice having all the technology to make life easier, I mean we all have it so tough commuting, carpooling, mak...
