How much did you have banked before you quit your 9-5?

leadsupplier

leadsupplier

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The past 6 months i've really learned more than i ever had in IM. I understand it much better than i ever have. And i'm at the point where i realize all i have to do now is WORK at it.

Lately my 9-5 has been sucking up a lot of my time. And i'm realizing that the industry my 9-5 is in, is not what i want to do with my life. I'm addicted to the IM industry. period. So having a job not related to it is becoming a burden.

I wanted to hit 30k/mo a few times in a row before i quit, but that's proving to be more time consuming than i anticipated.

Anway, my 9-5 is becoming a burden, and i realize i'm not bettering my self or my skills in anyway by working here. I am due for a promotion, but i just heard thats being pushed back - so thats gunna be the last straw for me.

I made sure i paid off all my student debt, so i'm debt free. I have enough saved to live for a year (spending very little) . I'm feeling good about the future in IM but i hope thats not just me being naive.

You think its a good time to quit? I'm asking those that did it, how did you feel, what was ur situation?

Also, i have not spent much time building long term properties, but will, my methods for making cash now may not last forever, but it's good money.
 


If you're close to hitting 30k a month, why the hell are you still working a 9-5? Use that time to double your monthly income.
 
What kind of question is this? If you're near 30k a month right now you could use that 9-5 to scale your income even higher.

"No ceilings"
 
Well I was laid off in the downturn of the car industry, but I had about 4K in the bank, just had paid my car off. I was making only about $500 per month on IM when I lost my job and then unemployment kicked in. I used that money to build up my projects and start more and leave the country. All worked out beautifully for me.

Cut your bills as much as humanly possible and HUSTLE. Disregard females for a while.
 
i'm just getting impatient. I haven't hit 30k/mo yet. i told myself i'd juggle day job and IM until i hit 30k/mo a few times, but the closer i get to 30k/mo, the more i need to focus on my IM business, so i'm at a crossroads

1yerrot said:
Cut your bills as much as humanly possible and HUSTLE. Disregard females for a while.
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i won't collect unemployment b/c i'd quit, i have no bills besides business expenses. got my GF but can't really quit that right now
 
Time to quit 9-5 when you have:

A. Defined action plan regarding upcoming projects and ways you are going to utilize all this free time you have created.

B. Enough cash saved that you can survive and meet any obligations you need to while getting back on your feet for at least 6 months if shit really hits the fan.

That being said, if you are young, have a really good idea that needs immediate action, or just have some really fun shit you want to do that your 9-5 is preventing you from doing. Fuck it. You only live once.

Despite all the big dick swingers hear claiming 25 mil a year, 30K a month is a very strong income. You can live a relatively comfortable life with just 2-3 months earnings a year.

If your getting close to 30K IMO you should be devoting yourself to IM fulltime
 
It's not how much you're earning it's how stable it is. How stable it is going into the future?

The internet is rocky, you think it's competitive today. Good luck in 5 years is all I'm saying.
 
$30k/per month consistently for 5 or months when you can quit and invest lot of time in your business to go higher heights.I m just curios to know your 9 to 5 job income per month too?
 
Jeeta said:
It's not how much you're earning it's how stable it is. How stable it is going into the future?

The internet is rocky, you think it's competitive today. Good luck in 5 years is all I'm saying.
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i agree, my earnings now are not stable.

but i know that stable earnings require hard work and time. If i went full time IM, i'd do about 50% long term, 50% short.

Currently i only have room for 1, and i chose quick
 
seodon said:
$30k/per month consistently for 5 or months when you can quit and invest lot of time in your business to go higher heights.I m just curios to know your 9 to 5 job income per month too?
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i'm on salary at 65k/year.

once you factor in taxes and shit its less, and i have no control over it.
 
It was $6k or $8k. I don't remember.

It didn't last long.

I burned the boats and never looked back. If you take the leap, you better be willing to fight to win or you're just screwing yourself.

Definitely helped that I didn't have dependents at the time.
 
I went part time instead of quitting completely after it replaced my monthly full time salary (may be 100$ more) in IT field
 
About 2k. And i lived out of my car. But I was determined never to report to another human or dinasaur again
 
You are waiting to hit 30k/month to quit your day job that you make 65k/year at?

My friend, sounds like a fear based thing to me. 30 grand a month is insane money. If you are at 10 grand a month, bounce from the job. You earn about $5,400 a month at the day job. You'd be safe to dip out at that very same amount as long as you have enough in savings to safeguard you.
 
guerilla said:
It was $6k or $8k. I don't remember.

It didn't last long.

I burned the boats and never looked back. If you take the leap, you better be willing to fight to win or you're just screwing yourself.

Definitely helped that I didn't have dependents at the time.
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im ready to die trying, i have the failure is not an option mindset at this point.

bizousoft said:
I went part time instead of quitting completely after it replaced my monthly full time salary (may be 100$ more) in IT field
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can;t do part time

thehobbster said:
You are waiting to hit 30k/month to quit your day job that you make 65k/year at?

My friend, sounds like a fear based thing to me. 30 grand a month is insane money. If you are at 10 grand a month, bounce from the job. You earn about $5,400 a month at the day job. You'd be safe to dip out at that very same amount as long as you have enough in savings to safeguard you.
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it's a magic number i put up there. i would have "Made it" if i hit it

I ask my WF friends b/c my rents, gf rents, everyone else i know would think i'm crazy for quitting a good job in a shitty recession.
 
Dude. Its an issue of self confidence.
No one can tell you what to do and there is no magic forumula for when to leave the "security" of a 9-5 Job.

Do you believe you have the ability to recreate the success you are currently having? Scale what you are doing now? Create value through unrelated entrepreneurial ventures down the road? If your current IM model completely disappeared tomorrow, do you think you are intelligent and creative enough to come up with something else?

That's why I love reading Bio's of wildly successful people, I am always impressed with their confidence and ability to make huge decisions based on their gut feelings.

You think Steve Job's was sitting around posting on forums about whether he should go to India and trip on LSD for a month to find his spiritual center and refine his perception of elegant design?

(only taking it this far because you said you were ready to die trying)
 
I was 0k/mo 10k in savings. Expenses were around 1k/mo. Worked out for me. Happy I did it. I always had freelance work as a backup.

I'd say quit. If you are valuable you can always find work or another job if you need to. You will find more ways to make money along the way. Not having a job will make you more creative and make you work smarter. This is like standing in front of a big cliff on your snowboard and you just gotta stand up and pull the trigger. Huck it.
 
Personally I say do it. I'm in the same situation as you and make the same money at my day job. I quit in Sept and got scared and went back. The job I have everyone tells me I should be thankful for and growing up poor I was scared to gamble all the hard work I've put in over the last year.

I'm not making no 30k a month and I'm quitting in 2 months hell or high water. I will have all debt paid, and roughly 2 years income saved up. I won't be touching any of that because my offline business is doing pretty well.

I'm headed off the Philippines to create an outsourcing team soon as I quit. It's cheap, good women, and I can build out other projects I want. I'm burned out with offline marketing so I'm going to outsource 3/4 of it.

If I did it all over again I would have said Fuck it and quit the first time. Adapting yourself from the worker to Entrepreneur is tougher for some then others. We can all tell you what you should do, but only you can make the decision if it's right.

I know now once I quit I will be ready and never need another job again.

Good luck, but from the sounds of it your making enough you don't need luck.
 
Are you making more money now in your business than you are at your job? When I say more I mean keeping it after your business expenses. Since your using this 30k number if your spending 27k to hit 30 you should maybe keep your job for the time being. The second question I would ask myself is if I quite how likely is it that 65k can be made up and if so how quickly? Now triple that time and cut the amount in half. If your still comfortable living on that then its really a no brainer.
 
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