On January 18, 2008, I quit my day job. I was 28 years old.
I gave my two weeks notice and on that Friday the 18th, I walked away from a cubicle for the very last time to create a life I truly love.
I had tons of debt, just like anyone else. I had less than $4,000 in savings. I didn’t have ANY other sources of income to replace my paycheck.
I just quit my day job and prepared myself to do whatever it took to make a living doing what I love.
I am writing this more than nine years later (January 2017), and it hasn’t always been smooth sailing, but I have been living comfortably without a day job the entire time!
The biggest thing I learned over the past nine years is just how unnecessary a day job is, and how limiting it is.
Escaping your day job to create a freedom lifestyle is a straightforward process that anybody can follow regardless of financial situation. It all comes down to what you are willing to sacrifice temporarily in order to live the life you truly want.
Imagine waking up on a Monday morning with a smile on your face and excitement about how you will spend the day – especially during the hours of 9 AM to 5 PM.
How about taking a Thursday afternoon off – without having to ask permission – just so you can have an impromptu adventure with your family?
Do you ever wish that you could travel more? Or take more than 1-2 weeks each year for vacation?
Do you long for a richer, more fulfilled life doing what you love while spending more time having adventures with your family?
What if I told you that you could have all of this – this freedom lifestyle – right now? And you don’t have to be independently wealthy. You don’t have to have a trust fund. And you don’t need to wait until retirement (or win the lottery).
I promise – there is NO pitch in this article! 🙂
You can have this life much, MUCH sooner than you think is possible.
Being able to escape your 9-5 job is not a matter of financial readiness. It is a matter of mental readiness.
Are YOU ready to break free from your cubicle and live life on YOUR terms and YOUR schedule?
Step 1: Stop Thinking Like An Employee!
After being self employed for almost a decade, I’ve learned that the biggest obstacle that interferes with people being able to quit their job and live a more fulfilling life isn’t finances, or other obligations. It’s mindset.
Fear of uncertainty, worse-case-scenario thinking, attachment to things/status/relationships have a much stronger grip on people than things like debt and income (two fairly simple things to remedy).
The biggest reason why it took me 10 years to finally walk away from being an employee was not financial at all (and I DID NOT have a paycheck to replace my income at the time). It was mindset.
And once my mindset was in alignment with what I wanted out of life, I turned my “someday goal” into a “today reality”.
Further Reading: Stop Thinking Like An Employee! – Shift your thinking away from being a “worker bee” and take charge of your own career path.
Step 2: Income & Financial/Debt Strategies (Ending Your Reliance On A Day Job)
Income is the number one thing that people worry about when faced with the desire to quit their day job. Truth is, there are a LOT of options for making an income without a job.
I recommend taking a two-prong approach. First, reduce your living expenses and get out of debt. Second, generate an alternate source of income.
Do both of these things at the same time.
Combining these two strategies teaches you better financial management while accelerating your goal of quitting your day job.
Here’s an in-depth analysis on income opportunities that do not require a job exploring freelancing, starting a service business, selling products, and what I do, blogging (or running an Internet-based business).
For some in-depth strategies for dealing with debt, and other financial hindrances, read my article on how to quit your day job without having an income to replace it.
Step 3: Make It Happen!
Okay, this is important to remember. There is no “right time” to quit your day job. There is never a “right time” to cut off a source of income.
But you have to do it at some point. So WHEN should you do it?
Should you run yourself ragged running a side hustle until it replaces your paycheck, or should you just fire your boss, then sink or swim?
Here are my thoughts on WHEN to quit your day job.
Watch our FREE Masterclass On “5 Steps to Creating a Consistent $5,000+ per Month Blog”!
If you are an aspiring entrepreneur who wants to turn your blog into a six-figure income-generating business, then I invite you to watch our FREE masterclass with the 5 steps we used to create a consistent $5,000 per month income, and then scale it to 6-figures.
What about health insurance? You don’t need a job in order to get health insurance. Yes, it’s particularly expensive (in the USA), but there are LOTS of options for mitigating the cost of coverage and healthcare.
How To Start A Blog – Tracy and I have made a living from our blog since January 2011. Find out how you can turn your passion, experience, and knowledge into a blog that could earn you more than your day job.
Travel & Nomadic Lifestyle: A HUGE benefit with living job-free and creating an Internet-based source of income is that you can live absolutely anywhere you want.
You can winter in the tropics. You an relocate across town or across an ocean.
You can be what they call a “digital nomad” and constantly move around. Be a full-time world traveler, or embrace the RV-lifestyle, and experience more in a summer than most will in their whole lifetime.
Since becoming self-employed, Tracy and I have lived in 4 US states and we wintered in the Yucatan Peninsula (Mexico). We’ve taken many spontaneous trips.
If you dread Monday mornings, and your soul longs for adventure, freedom, and doing what you love, then stop dreaming and start living.
Are you ready to live your life?
Hey there! We're Davy & Tracy Russell, the husband-and-wife team behind this website. Our mission is to guide you toward turning your passion into your life's work through online entrepreneurship.