3 Steps To Earn Enough Money To Quit Your Job
I recently left my job to go out on my own for the first time. I've been working towards this point for a while, but here's an overview of how I got to the point where I could become a quitter and how you can do the same.
1. Low expense lifestyle. My family has moved and managed to reduce our expenses and rent to zero. Insurance, groceries and petrol are now our biggest expenses. Try to tackle the expenses with a once off downside in exchange for an ongoing upside. Avoid cutting expense where they require the opposite.
2. Skill Learning Time. I didn't know everything I needed to know about building an online business, so I gave myself a few hours each day in the lead up to going out on my own. I cut out TV and sleeping in to give me this time without sacrificing work, exercise and family time. Those couple of hours a day were the difference between confidently venturing forth and being scared of the future.
3. Have a backup plan in place. I made sure I didn't burn any bridges and did my work until the very last day of my job, just to make sure I'm welcome back. My backup plan is very simple. Go back to my former employer and contract with them for 3-6 months. The money I make during that time is enough to tide me over for an entire year. Find something you could do in order to make ends meet if things don't go as well as you hope. Keep it close to you to give yourself the courage to strike out on your own.
So that's it. 3 things I did to move me to the point where I am completely comfortable being out on my own. They aren't difficult, but they may be emotionally hard, especially if you are attached to an area or are really addicted to TV. It's something that needs to be overcome on the path to your success, so I suggest you start working on each of them today.
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Published February 10th, 2008
Filed in Business, Home Business