Goodbye Cruel Job!
Tomorrow is the last day at my job. I gave my notice 2 weeks ago.
No, I don’t have another job lined up.
No, I didn’t win the lottery.
No, I don’t have a back-up plan or any idea what I’m going to do next.
So why am I quitting?
Because I don’t feel 100% committed. Not being fully committed isn’t fair to the company and it isn’t fair to me. Life is too short to be working at a job that you don’t love and aren’t willing to commit 110% too.
Besides, working for someone else will rarely make you rich. One of the reasons is that you get paid for the number of hours you put in. Having a finite number of hours is your limiting factor here. As an employee, you also pay the highest amount of tax since you have almost no tax deductions unlike business owners and the self-employed.
So I think the best option is to quit the job and refocus my long term goals and strategies. The best way to do this is when you’re totally relaxed and in a good mood. So in early December I’m going to Thailand and India for about 5 weeks.
Once I get back, I should be in a more clearer frame of mind to plan the next stage of my working career. I’m very keen on getting an MBA. It may not be the smartest decision financially, but its one of the things I’d definitely regret not pursuing.
Not having a job will free up my time to pursue other ventures. Like investing and writing about investing. And like MoominHouse, I may even take up trading as a side hobby.
My only concern is that either boredom or insecurity (about not having a steady paycheck) will set in and I’ll go back and get a job again!
In the meanwhile, I expect to make approximately $1,200/month from advertising revenue, trust deeds and dividends. While its not a lot, the wife’s income will supplant the short-fall. But it looks like I’ll be going from a job to literally “living off dividends!”.
Wish me luck!
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October 30th, 2007 at 11:54 am
I’m in the same boat, almost to the dollar of alternative income. Perhaps we can make it grow to surpass what we did before in just a portion of the time.
October 30th, 2007 at 1:03 pm
It absolutely makes sense to put our heads together!
October 30th, 2007 at 2:02 pm
“I’m going to Thailand and India for about 5 weeks” seems like you have enough to travel.
Consider it as the first day of the rest of your life. This is the time to make moves, while you are young with no kids.
The way you think, I’m sure you will not be short of cash for long.
October 30th, 2007 at 4:02 pm
Good luck – I have a similar amount of cash flow from dividends and distributions, plus partner’s income while I try to get the trading working….
October 30th, 2007 at 5:24 pm
Moneymonk,
there’s a good chance I might squeeze in a trip to Zimbabwe too!
Thats the plan – to see if I can do something on my own. Or atleast find a job thats interesting and challenges me.
October 30th, 2007 at 5:25 pm
Moom,
looks like I won’t be coming to Oz this year! maybe next year.
October 30th, 2007 at 7:22 pm
congrats, on making a bold move.
Hope it works out for you… I personally have tho about doing the same…
October 31st, 2007 at 6:07 am
This is great! I am looking forward to your continued adventures. Good luck to you!
November 2nd, 2007 at 5:58 pm
Gutsy move, good luck with that. I’m curious as to how it works out for you, I’ve just subscribed to your feed.
January 12th, 2008 at 3:15 am
Good luck to you and all the best! I admire your courage of what you have done.
January 12th, 2008 at 8:55 am
Awesome! Good for you. I don’t think I’m bold enough to quit my job, mostly because I’d need a lot more alternative income for me to feel comfortable.
January 27th, 2008 at 5:40 am
Bold move, but a calculated one it looks like. Good luck, and congrats on growing your disparate streams of income – something everyone should do!