Comments on: Why I’m Not Quitting My Day Job When My Net Worth Hits $100k https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/ Sharing insights on how to grow wealth and gain freedom. Mon, 21 Oct 2019 20:12:21 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Matt @ Spills Spot https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14327 Fri, 01 Jun 2018 23:20:06 +0000 https://fourpillarfreedom.com/?p=30293#comment-14327 Love those quotes and examples of other entrepreneurs taking a more risk adverse path. This sounds like a great plan for you to be able to continue building your net worth every month and investing heavily to build up your financial runway.

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14273 Thu, 31 May 2018 18:24:14 +0000 https://fourpillarfreedom.com/?p=30293#comment-14273 In reply to That Charles Life.

$200k can grow into a much larger number than $100k over time, so I can understand why you would also feel comfortable with that number. Thanks for the feedback, man!

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14271 Thu, 31 May 2018 18:21:52 +0000 https://fourpillarfreedom.com/?p=30293#comment-14271 In reply to Mia.

That’s fascinating. I read a similar story in “So Good They Can’t Ignore You” by Cal Newport where he shared how one woman quit her job to start a yoga studio and failed in under one year because she didn’t have the necessary skills or financial means. I also like how you mentioned that you’re doing personal training and blogging on the side outside of your day job. That way, if either of those avenues don’t work out for you you’re still fine financially. Thanks for sharing your story 🙂

]]> By: That Charles Life https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14233 Thu, 31 May 2018 00:37:45 +0000 https://fourpillarfreedom.com/?p=30293#comment-14233 Your 16 year old self sounds like myself until I was 24 haha. Interestingly, ~$200K is also the net worth number that I see as the one where I can start taking more chances on side hustles/passion projects and reducing my overtime at primary jobs to build my portfolio. $200K seems to be a safe number which can guarantee a 7 figure net worth after a number of years without too much annual addition.

Great examples of successful individuals who also took this strategic approach of maintaining a day job.

Colby

]]> By: Mia https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14219 Wed, 30 May 2018 19:49:54 +0000 https://fourpillarfreedom.com/?p=30293#comment-14219 I remember when I went 100% into personal training, and realized how unhappy I was with my financial situation because I was not prepared. I am not working a day job, doing personal training on the side, and starting a blog. So I def understand and agree. I am way happier now that I did that and can reach FI even faster because I have 2 streams of income.

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14217 Wed, 30 May 2018 19:14:26 +0000 https://fourpillarfreedom.com/?p=30293#comment-14217 In reply to Juli @ WrittenWordNerd.

I think you touched on an important point – when your side hustles/extra work after your 9-5 involve things you enjoy doing, it makes it feel less like work. I have found the same to be true of blogging. I don’t mind spending a few hours each day working on the blog because it doesn’t feel like work at all. It’s purely something I do for enjoyment. Best of luck on your own journey and thanks for the kind words 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14215 Wed, 30 May 2018 19:11:59 +0000 https://fourpillarfreedom.com/?p=30293#comment-14215 In reply to WTK.

Thanks, WTK! That’s the plan for now 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14214 Wed, 30 May 2018 19:11:29 +0000 https://fourpillarfreedom.com/?p=30293#comment-14214 In reply to Subbu.

Thanks, Subbu! I plan on continuing to earn active income for another year or so.

]]> By: Juli @ WrittenWordNerd https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14201 Wed, 30 May 2018 16:55:57 +0000 https://fourpillarfreedom.com/?p=30293#comment-14201 Excellently thought out and explained! 🙂

I’ve been working an active side hustle (teaching in the evenings, after my 8-5 desk job) for five years, and I have seen my “career capital” in that field grow alongside my earnings. And I’ve just started a blog this year, with the hopes of creating a second (non-office) income stream in time. Yes, working 40 hours, plus teaching hours, plus blog stuff is a lot… but since both extra-curricular activities (teaching and writing) are things I truly enjoy, it’s not bad to hang in there, and throw more capital into investments. 🙂

It’s nice to hear all the success stories you cited. As you say, those motivational “go all in!” videos can be compelling at times… but slow and steady is more likely to succeed in the long run.

Thanks for all your insight! 🙂

]]> By: WTK https://fourpillarfreedom.com/why-im-not-quitting-my-day-job-when-my-net-worth-hits-100k/#comment-14194 Wed, 30 May 2018 15:06:17 +0000 https://fourpillarfreedom.com/?p=30293#comment-14194 Hi Zach,

I think that you should continue enjoying the journey to FIRE. The more the day goes, the closer you are to FIRE.

WTK

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