Comments on: Quitting my Day Job: Being Ambitious vs. Being Realistic https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/ Sharing insights on how to grow wealth and gain freedom. Mon, 21 Oct 2019 20:42:03 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Ben https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-4442 Sat, 31 Mar 2018 11:48:15 +0000 https://fourpillarfreedom.com/?p=27284#comment-4442 Hi Zach,

I suggest you do not quit your job. You may want to consider changing job. A new job will possibly mean a bigget challenge.

Ben

]]>
By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-2005 Tue, 09 Jan 2018 13:40:50 +0000 https://fourpillarfreedom.com/?p=27284#comment-2005 In reply to Jacq.

You make a great point about avoiding multiple big life changes at once. That can put you in a very difficult position. My ideal situation would be building up enough income outside of my day job to be confident in quitting and still being able to prove to an apartment complex / whoever else that I have steady cash flow each month. It’s tough to say where I’ll be in the next few months but I’ll be sure to share updates along the way. Thanks for the comment 🙂

]]>
By: Jacq https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-1981 Mon, 08 Jan 2018 12:20:49 +0000 https://fourpillarfreedom.com/?p=27284#comment-1981 With your lease being up, if you look to lease somewhere else or buy, they often want to see steady employment. Every aparment lease I’ve applied for they asked for my employer, and sometimes it got me a discount on the security deposit. That transition to entrepreneurship may not have enough data for them.
My mom ran into a similar situation with retiring (a bit early), but her pension hadn’t started to pay out. Her house was taking a while to sell, but she needed to commit to the new house she was moving to, financially. Despite money in savings they didn’t want to give her a mortgage because she had no proven cash flow.
‘They’ in the field of psychology suggest not having multiple life transitions at a time if it can be avoided. Job change, moving out, ending a relationship, and a list of a few others. Of course a break up / divorce often also means moving out. I went through a break up, but didn’t move until I had a new job secured, but the triple issue combination wasn’t great.
I also like to feel like I am learning new things at work, but I’m not a competitive shove someone else out of the way to get ahead person. I’ve found letting management know I’m up for whatever they have, works for me. With a coworker out, my direct boss on vacation and the next level boss having new responsibility we both learned a lot of new things last week. Having that I’ll get it done (first time I do it might take a little longer) and reliably performing I’ve found keeps that challenge coming. My bosses know they can give me almost anything and I’ll find a way to get it done.
Best wishes in your decision and seeing how things evolve in the next few months.

]]>
By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-1825 Sun, 17 Dec 2017 01:11:51 +0000 https://fourpillarfreedom.com/?p=27284#comment-1825 In reply to Jerry Brown.

Best of luck in transitioning to your new position, Jerry!

]]>
By: Jerry Brown https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-1813 Thu, 14 Dec 2017 20:47:38 +0000 https://fourpillarfreedom.com/?p=27284#comment-1813 I really enjoyed reading your article! Currently, I am bored with my job but I won’t quit for the same reasons Kate and Kirk mentioned above. Last Monday I interviewed for the IT department so I am hoping to get that position and learn new technology!

]]>
By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-1785 Tue, 12 Dec 2017 17:25:57 +0000 https://fourpillarfreedom.com/?p=27284#comment-1785 In reply to Lily @ The Frugal Gene.

Haha it would be extremely early FIRE if I go through with it. My premise is that I actually enjoy working hard, just not necessarily for a corporation. So if I can quit my day job and still find ways to cover my expenses I would rather do so sooner than later. But I am also trying not to take my current position for granted because I am earning good money at a reasonable job.

Also, I only started making money through blogging in the past 4 months or so…I have to admit it’s harder than I anticipated but it has been exciting to earn a few hundred bucks from doing something I enjoy so much!

Thanks for the feedback, Lily 🙂

]]>
By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-1783 Tue, 12 Dec 2017 17:21:41 +0000 https://fourpillarfreedom.com/?p=27284#comment-1783 In reply to Mike @ Balanced Dividends.

It is tempting to stick with my current job for longer than just nine months because my savings rate is so high and I am building my net worth so quickly. I may very well stick it out for longer and continue to work on my side projects and side hustles in my free time, I’ll just have to see what position I’m in after nine months. Thanks for the feedback, Mike 🙂

]]>
By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-1782 Tue, 12 Dec 2017 17:20:01 +0000 https://fourpillarfreedom.com/?p=27284#comment-1782 In reply to Subbu.

I appreciate the kind words, Subbu! I may try something similar to your suggestion, basically seeing if it’s possible for me to live purely off side hustle income. That would be a fairly safe approach. I may also stick around with this corporation for a couple more years to build up a cash buffer. My options are pretty wide open at this point, and I’m staying open-minded to all the possibilities.

]]>
By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-1781 Tue, 12 Dec 2017 17:18:15 +0000 https://fourpillarfreedom.com/?p=27284#comment-1781 In reply to Kyith @ InvestmentMoats.

Hey Kyith, I really appreciate your feedback.

You said something that really caught my attention though – “If you like to learn new things, it is likely you haven’t found a company that is hectic enough that the consumer environment is dynamic enough to offer a challenge.” I think you may be right. Much of the work I am doing revolves around
automating processes and I am more interested in building new models and implementing new ideas. I originally thought this role would have more innovative projects to work on, but that hasn’t been the case yet.

I am also keeping tutoring in my back pocket as a potential way to earn more income. I’m keeping all my options open and continuing to work hard to grow my skill set so no matter where I choose to go in the future, I can earn a decent income.

]]>
By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/quitting-my-day-job-being-ambitious-vs-being-realistic/#comment-1780 Tue, 12 Dec 2017 17:14:54 +0000 https://fourpillarfreedom.com/?p=27284#comment-1780 In reply to Melanie, Mommy Finance.

I think many people feel similar about blogging – it’s just such a wide open field that has no limits on what you can do. I have found that it’s considerably harder than I thought to earn money from blogging, but fortunately I have fell in love with it so my main concern isn’t the money anyway. Thanks for the kind words 🙂

]]>