I Have Quit My Job!Employment | June 23, 2010 at 1:11 am
I have resigned last evening, and by the end of July 2010, I will be at home, without any stress. Quitting a job, however, is quite a scary situation. And before you make this decision, make sure you have things in place. If you are planning on early retirement, there are several things you need to consider.
Why I did I make such a decision? Here are some reasons. Individually, they might not be quite powerful, but they all balled together.
More Time to Family
Managing a full-time job, and few personal blogs had made my life quite hectic. And I simply wasn’t able to devote any time to my family, which my wife keeps grumbling about, all the while. Besides, I have two kids, whom I want to spend more time with.
More Time to Write
Every individual has personal preferences, or some hobbies. I love writing, whether it’s a personal blog, or book, or simply a letter. When you, however, don’t get much time to spend on your hobbies, it frustrates you. Lately, I have had some opportunities, which I missed, and I don’t want to miss them anymore.
if you decide to quit your job for good, remember you must be financially stable. Besides, you must have planned for your retirement, children’s education, monthly expenses, and so on. If I wouldn’t have planned these things, I would have never thought of quitting. Besides, we don’t use credit cards, we don’t have any loans to repay, and we have investments.
My family have been living frugally since last couple of years, which leaves us with much more money to spend on valuable things. And we have decided to continue. Apart from saving a considerable amount every month, it fun to notice how it helps boost our creativity.
Note: Frugal living is not depriving oneself of anything, it’s about using your money wisely.
Working From Home
With several years of experience in financial advising, I have many options to work from home. Besides, my passion for writing opens many doors. Working from home with provide me with additional income, and help spend some free time. And, best of all, I could do what I really love, whenever I want.
Also working from home is better than commuting 5 miles every day. Eating leftover is less expensive than spending on lunch, coffee, and gas every day.
When you are employed, you hardly get time to exercise. Besides, you don’t really care about what you eat or drink. The only few things that you are bothered about are work, money, and fun. I have quit my job because I want to get back in nice shape once again. Lately, I have gained much, and if I continue to be so, I will set a bad example for my children.
Other Sources of Income
My wife is employed, and she has many more years before she retires. I can, therefore, rely on her for my monthly spending. Besides, I have:
- Many personal blogs, where good revenue is generated through Adsense
- Money invested in various products. I earn interest, dividends, and profits every month.
- Plans to publish a book by September this year.
- A Financial Advisory business from home
Early retirement is certainly a good option. However, there are several things (I cannot say disadvantages) that you need to mull about. Spending free time, boredom, loose communication with friends, shortage of money, inflation, health problems, and so on. Only if you have a plan that takes care of all these things, you can think about retiring early.