Rate: (10 Ratings)
Most people would never even consider quitting without having another job lined up, and even fewer would recommend it. A lot of people are just able to figure out their path in life while employed fulltime. But I quit, and two of my closest friends did, too. It’s definitely NOT a solution for everyone, and it requires a lot of strength, resolve and preparation from a financial, emotional and mental standpoint. When I went through it 3+ years ago, a lot of friends told me “I’m happy for you, but I think it’s the stupidest decision you’ve ever made.” Thanks. Love ya too. And last Friday on my friend’s last day of work, his coworkers still hadn’t accepted the fact that he had nothing lined up. Some insisted he was moving or taking time off to travel but nope, neither is true. He has nothing planned except to focus on figuring out his next step. To so many people, it makes absolutely no sense. What a lot of people don’t understand and are unable to recognize is that it’s not an easy decision for someone to make. It takes reaching a very deep, almost dark, level of dissatisfaction, fear and misery. It’s downright scary and the minute the words leave your mouth, you wish you could take them back. But inside, you know it’s the right thing to do. You know there is something more that you were meant to do with your life. And inside, you’re more afraid that if you don’t quit, you will never discover what it is. Three things you must have before becoming willfully unemployed:
Comments
chava812 said
on 3/17/2008 Also be aware that if you go back to school for a graduate degree and come out making more than a certain amount of money(I believe it is currently at $65k) per year, the interest from your student loans is not tax-deductible. I'm still trying to fight that after 4 years, so if anyone knows better, now - as I'm working on my taxes yet again - is a good time to tell me!
JovieBaclayon said
on 3/13/2008 Thanks for pointing out the contradiction.
Let me clarify that: It's my belief that educational loans are okay -- it's good debt at relatively lower interest rates. So if you quit your job to go back to school to enhance or change your career, take out an educational loan.
However, if you're just quitting your job and not going to school, taking a personal loan or using credit cards to cover your living expenses while unemployed is not recommended. Personal loans and credit cards have higher interest rates and will make your life more difficult since you'll be fighting to get out of debt. You need to save enough money or have an alternate source of income before you quit your job without having another job lined up.
diegodog said
on 3/12/2008 The advice seemed to contract itself in the tips and warnings, by advising someone not to go into debt if they are quiting, but in the same breath, says it's OK to go into debt if you're going to school.