If your income isn't stable, I would re-consider until it is. If its relatively stable and you have enough money to live for a year with no money coming in, do it.
How much did you have banked before you quit your 9-5?
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gut says do it ... thats what i need to trust.
the biggest thing i'm worried about is quitting, then being like WTF did i just do.
But like i said, my vision for IM now is 10x clearer than what it was even 6 months ago.
Even when i look at all the money i've ever made in my life, it's about 50/50 1/2 from IM 1/2 from my job.
the biggest thing i'm worried about is quitting, then being like WTF did i just do.
But like i said, my vision for IM now is 10x clearer than what it was even 6 months ago.
Even when i look at all the money i've ever made in my life, it's about 50/50 1/2 from IM 1/2 from my job.
At $5,400/month, he would be making LESS than he did at that day job because he'd be working for himself and not getting the employee tax discounts since employers pay the employee's share. So, he'd be looking at around 35-45% going to taxes instead of about 25-30%. This is not even including insurance (assume he gets it, which at $65k/year he probably does).
But yeah man, I made the switch with maybe $4k in the bank. I had hardly any expenses at the time as well. If I were having the expenses I do now, I'd have waited until I could cover all of them for 6 months at least and had an additional $10k cushion.
If I were you though, I'd stick it out a bit longer and put in some effort in automating what you're doing so that you have the time to devote towards developing a long-term monetary income stream instead of short-term, because those tend not to last on the Internet very long. Right now you're assuming that you'd actually have the time to do both if you quit, but what happens if you quit and find yourself still without the time?
Most people are delusional about MMO or work from home. If you're honest with yourself, you'll make better choices.
The hardest thing I have experienced, and I know others have as well, is staying focused, getting work done, and defining boundaries.
The biggest asset you can have when you're taking risks or becoming your own boss is a routine. Get up at the same time, take lunch at the same time, walk your dog each afternoon, whatever. Create a routine away from the computer and your work online will benefit.
how'd you feel though? what was your mindset?
when i first got this job i had tried to make it work online, but i didn't know WTF i was doing, and i couldn't work, b/c i didn't even know what to work at.
but now i am much more confident that the things i work at from home will generate income for myself.
literally how it feels lol
Follow your heart
Do something that you like, even if it doesn't pay as much. Ultimately you might become so successful in the thing that you like, that you might earn much more than in your present job
Do something that you like, even if it doesn't pay as much. Ultimately you might become so successful in the thing that you like, that you might earn much more than in your present job
this is solid advice, it's kind of what i've been telling myself.
I'm in this stage now about automating stuff, but theres little things that happen that have big consequences. So like things that i could take care of in a day or two working from home take a week or longer doing it on the side.
on the flip side of the short term money game, if i all of a sudden lost my main cash flow source and had to do something completely different. then i'd focus 100% of my longer term projects - this would be assuming that i didn't have to worry about cash.
i still think i'm goign to buckle down and not let myself quit the job until i hit 30k/month or have 50k in the bank.
Once i do take the leap, i dont want to worry about money b/c that's going to impact my decisions.
We haven't played SC in months. The last time I logged on, it was to look for you, I felt like a stalker.
Now you play BF3, which you probably suck even more at, and I have no interest in playing any games which don't have spaceships.
My routine is breakfast and tea, cooking and eating dinner with the family, and putting my dogs to bed at night. I will add more things in for 2012.
I was at a job where I was obscenely underpaid, with horrible work conditions (smoking around me where people knew I couldn't breathe it). I was the webmaster there for 2.5 years and it was my last year in undergrad. The owner laughed and said he could replace me when I asked for a raise, so I said fuck it and left. I only worked there because I enjoyed what I did (dominating the niche), I really didn't care about the money. It was quite funny that 2 years after I left the company went belly-up (but that was for more than just me leaving, though I think it played a good part in them not being able to scale).
I will say that after I started working for myself, when others found out what I did, I seemed to magically get volunteered to handle the brunt of work in group projects because people thought I had more free time than them. This was true in my graduate degree as well.
I doubt you'd have that since you're done with school, but I seem to find that it also holds true for other areas of life (like family, friends, etc.).
What guerilla says about boundaries is very true. The above reason will have things creeping in on your time just as much as yourself thinking you have all the time in the world to get something done since you don't have to answer to other people's work deadlines at your 9-5.
i definately agree that time management at home can be hard. I've experienced it on weekends/days off.
i'm just starting to despise that all i do at work all day is stuff that does not matter, nor do i care to learn more about. for instance, i develop reporting documents, i do a lot of photoshop mock ups and pretty simple formatting/creating of documents with a drag and drop interface. I'm very good at it and come up with designs that managers and execs boner over - thats my strong point. my manager however thinks i should be more well rounded and know more about databases, and creating schemas, attributes, and metrics. I have no fucking desire to learn any of that. he's really only looking out for my career to be well rounded, but i mean i don't care. if i was placed on a project where thats what i had to do, then leaving my job would be easier.
Edit: also, my job has no relation to IM at all. if anything i just rather be at a job that was in the industry. i rather work for myself, but if things got bad and i had to get another job, it would be in IM.
I had about $2k saved up and $0 coming in ( had got laid off from a $85k a year job with all benefits paid by company ).
I literally used my credit card at the time to fund PPC campaigns, if that wasn't going to work I was going to have to go on unemployment.
Needless to say, it worked out.
I literally used my credit card at the time to fund PPC campaigns, if that wasn't going to work I was going to have to go on unemployment.
Needless to say, it worked out.
again tho, were you confident about working online?
obviously you must have been. the reason i ask is b/c during college i thought there was some secret that i was missing, now i know there's no secret i just wasn't applying myself or thinking as critically as i could have
Figure out your hourly rate at IM.
Figure out your hourly rate at your job. Don't forget that you probably actually devote 7:30AM - 6PM to your job.
You have 200 hours a month at your job pay rate that could instead be at your IM pay rate. I bet your job is costing you a lot of money.
Figure out your hourly rate at your job. Don't forget that you probably actually devote 7:30AM - 6PM to your job.
You have 200 hours a month at your job pay rate that could instead be at your IM pay rate. I bet your job is costing you a lot of money.
Ok real talk now. If you're not willing to take a risk you're not ready to quit. #DOWORKMAKEMONEY