So it’s your dream to learn how to make a living online so you can quit your job and say goodbye to your boss and your 9-5 job. But before you can actually make that giant leap you need to make sure you’re ready. So that leads you to ask the question: When will I be ready to leave the comfort of my regular paycheck and my regular (ie guaranteed) working hours.
You know that it’s exciting to be able to make a living online. It’s great to be able to set your own hours and to be able to be your own boss. But there’s also a downside to leaving your 9-5 job and making a go of it on your own.
It is scary to know that you’re guaranteed that you will make a specific amount of money every week or every two weeks. It’s also scary to think that there’s a possibility that you’ll leave your current job and you simply won’t be able to do it – you won’t be able to make it on your own, online. It is scary.
Because of how scary it is, and because the fear is real, many people give the advice that you have to be absolutely ready to leave your 9-5 job. You have to already have a proven method of making money. You also have to have a “safety net” of at least 6 months of salary saved up. In addition, you should have all your debt paid down too. With the six months of savings and with no debt, you have plenty of time to fail and still be okay.
That sounds like a safe plan, right? It’s good that you’ll be able to afford to fail. It’s good that you’ll basically be planning to fail.
Or is it?
Think about it. Is it good or bad to plan to fail? This one’s a no-brainer. It’s bad to plan to fail. Of course it is.
So why then would you want to plan to fail when you’re about leave your job? Why would you want to say your “ready” when all you’ve done is set things up so that you can fail?
For this reason, there are a growing number of people out there who say that you shouldn’t have a “safety net” ready when you leave your job. These people will tell you to go ahead and jump and your net will appear.
The thinking behind this line of logic is if you can’t afford to fail then you will find a way not to fail. In other words, you’ll find a way to be successful. On the other hand, if you have that safety net there, if you have a cushion to allow for failure, then you will use that net; you will use that cushion. If you want to start actually making it online from the outset then you better make yourself succeed from the outset.
Of course when you are ready to take that leap is ultimately up to you. You do need to have a proven way of making money, no one disputes that. But whether you need to have a safety net or not is something that not everyone agrees about. Whichever scenario you’re more comfortable with, whichever way makes more sense to you, is the way you should use to decide when you’re ready to quit your 9-5 job.
After you leave your job, one thing you’ll need to considered is your taxes. Although you can save a lot of money in taxes having your own business, you have to do it the right way!
Have anything on your mind? Then please add your comment or contact me!
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