I've Just Resigned From My Job

Profile picture of the author maxcl by maxcl Posted: 06/27/2013
So I've been a bit of a lurker on these forums for a couple of years but thought I would start to get more involved now... reason why?

I've just quit my well-paid job.

I've been doing IM for 3 years part-time now, picking up tips, tricks, advise from this forum and various other websites, blogs, and mentors... and have consistently been making more money online outside of work, than I have with my full-time job for the last 12 months.

Why did it take me so long to quit - well I am not usually a risk-taker but thought it's now my time to be free. I can see what works online for me, so my quitting my full-time job I can rinse and repeat those methods and make my own way in life.

Plan is to work 3 days a week, and then spend rest of the week with my wife and 5 month old son.

Looking forward to having more discussions on here over the next few months
#job #resigned

  • Profile picture of the author Will Edwards
    Will Edwards
    Firstly, well done!

    I quit my day job about two years ago - you will never look back

    Good luck.

    Will
  • Profile picture of the author gonzotrucker
    gonzotrucker
    Congrats I'm hoping to do the same by the end of this year.
  • Profile picture of the author Niche Profit Online
    Niche Profit Online
    Congratulations! You have just joined the new rich who make huge fortune online and get to enjoy both financial freedom and time freedom. It's a great blessing to be an Internet Entrepreneur.
  • Profile picture of the author hsbinmarket
    hsbinmarket
    Originally Posted by Will Edwards View Post
    Firstly, well done!

    I quit my day job about two years ago - you will never look back

    Good luck.

    Will
    Its encouraging!
    Thanks.

    I have taken a decision to quit my job 6 months ago.
  • Profile picture of the author martbost
    martbost
    Truly inspiring maxcl

    My goal is to complete replace my income with my Internet Marketing income within the next two years. I know it will be rewarding once I get there.

    Congratulations to you.
  • Profile picture of the author Steve B
    Steve B
    Maxcl,

    Congratulations to you. Leaving the ordinary workforce is a real accomplishment.

    May I make one suggestion ...

    You said, "Plan is to work 3 days a week, and then spend rest of the week with my wife and 5 month old son."

    While that plan is commendable, I would suggest that you might want to work a little harder while you're still young and enthusiastic. Your plan sounds like semi-retirement to me.

    With a brand new daily routine and a babe in arms, I would think it best to continue to work full time (at least 40 hrs/week) in your new career and build your business up. Save your money for the future. What are you going to do with 4 days a week left open?

    I guess I'm saying that you are in a very enviable position with extra time on your hands. Why not secure your financial future by continuing to work hard while you're young? There is plenty of time ahead for the Internet lifestyle. You can still work a good 5 days a week and have plenty of time to be with family. Your Internet business could be here today and gone tomorrow. You know the saying "make hay while the sun shines."

    Just a few reflections from someone who sees a lot more miles in the rear view mirror than in the windshield ...

    Good luck to you,

    Steve
  • Profile picture of the author hsbinmarket
    hsbinmarket
    Originally Posted by maxcl View Post
    I've been doing IM for 3 years part-time now, picking up tips, tricks, advise from this forum and various other websites, blogs, and mentors... and have consistently been making more money online outside of work, than I have with my full-time job for the last 12 months.

    Why did it take me so long to quit - well I am not usually a risk-taker but thought it's now my time to be free. I can see what works online for me, so my quitting my full-time job I can rinse and repeat those methods and make my own way in life.

    Plan is to work 3 days a week, and then spend rest of the week with my wife and 5 month old son.

    Looking forward to having more discussions on here over the next few months
    You might be my ideal.
    I am also not a high risk taker.
    Decided to earn money for 3/4 days per week and enjoy life for rest of the time. 6 month ago I decided to quit my job.
    Looking for a sustainable earning.

    Any tips for me ?

    Good Luck for you.
  • Profile picture of the author WillR
    WillR
    Putting your balls on the line can be one of the best things you do OR one of the worst things you do. I did the same thing and quit my job a few years ago and it forced me to take actions I had not taken for many years, just because the need had never been there.

    Use it to your advantage and push forward. I would be working a lot harder than 3 days a week in the beginning though. This is the make it or break time so you don't want to slacken off just yet.

    Best of luck!
  • Profile picture of the author maxcl
    maxcl
    I hear what some of you guys are saying about working more than 3 days a week... but the whole point of me now being able to quit my job is that I have the freedom to be in control of my own destiny.

    Someone said "sounds like a retirement"... well yep, mini-retirements high on the agenda (read Tim Ferriss) - I'd rather have quality time now rather than wait until I am 60.

    Thanks for all the comments!
  • Profile picture of the author Rod Cortez
    Rod Cortez
    Originally Posted by maxcl View Post
    So I've been a bit of a lurker on these forums for a couple of years but thought I would start to get more involved now... reason why?

    I've just quit my well-paid job.

    I've been doing IM for 3 years part-time now, picking up tips, tricks, advise from this forum and various other websites, blogs, and mentors... and have consistently been making more money online outside of work, than I have with my full-time job for the last 12 months.

    Why did it take me so long to quit - well I am not usually a risk-taker but thought it's now my time to be free. I can see what works online for me, so my quitting my full-time job I can rinse and repeat those methods and make my own way in life.

    Plan is to work 3 days a week, and then spend rest of the week with my wife and 5 month old son.

    Looking forward to having more discussions on here over the next few months
    From a financial planning perspective, it was very smart of you to have at least 12 months of consistent income before quitting your job. Most people that I deal with tend to quit their jobs prematurely.

    It's not just about the income you make, it's also about making sure you have adequate life insurance, health insurance, disability insurance, home owner's insurance, fire insurance, etc. (if you own your home).

    Aside from having the proper protection, you should also earn enough money to set aside for retirement.

    The first thing people should do is have an emergency fund, and there are different philosophies regarding this, but I used to tell my clients that having 12 to 18 months of expenses saved up is a must have in case of emergencies.

    Lastly, and people don't like to talk about this, you should have a plan in place in case you become disabled or if you should die. This is where estate planning comes into play. People don't like to think about the worse case scenarios but it's something everyone should plan for, business owner or not.

    I commend you on your plan to work 3 days a week and spend time with your family. Your 5 month old is very young and the first several years are very formuative and it's very important to spend time with them. Those are years you will never get back. Sounds to me like you will do very well.

    I wish you the best,

    RoD "Former-Financial-Planner"
  • Profile picture of the author smodha
    smodha
    Well done. This is the best day of your working life - trust me.

    My IM career started after I was sacked from a job I valued and thought the company valued me. It was the wake up call I needed because I realized I was just a number, a disposable liability.

    After I "made it", I sent my old boss some flowers and thanked her for changing my life!

    I don't have to work for anyone else now.
  • Profile picture of the author maxcl
    maxcl
    Thanks RoD, what I have done whilst working at my full time job is save off enough money to last a year - just in case all my websites and income suddenly die tomorrow - just so I have that security and buffer in case things go wrong - if people can do that, then highly recommend it.
  • Profile picture of the author Rod Cortez
    Rod Cortez
    Originally Posted by maxcl View Post
    Thanks RoD, what I have done whilst working at my full time job is save off enough money to last a year - just in case all my websites and income suddenly die tomorrow - just so I have that security and buffer in case things go wrong - if people can do that, then highly recommend it.
    Excellent. Another thing that I advised small business owners to do is to document their processes and procedures. And have it done in a way where someone could read through them and keep your business afloat in case something happens to you.

    People don't like to talk about it and people put it off, but it's something people should do as soon as their business shows some stability.

    RoD
  • Profile picture of the author eClicker
    eClicker
    Congratulations! Stories like this are an inspiration to so many, thanks for sharing and I wish you the very best.

    E
  • Profile picture of the author maxcl
    maxcl
    Originally Posted by Rod Cortez View Post
    Excellent. Another thing that I advised small business owners to do is to document their processes and procedures. And have it done in a way where someone could read through them and keep your business afloat in case something happens to you.

    People don't like to talk about it and people put it off, but it's something people should do as soon as their business shows some stability.

    RoD
    That's a great piece of advise. If I got hit by a bus tomorrow my wife would not have a clue what is going on. Such is the life on an IM that there are multiple accounts, bank accounts, hosting, subscriptions, email addresses - it's a complete spider's web - most of which is in my own head.

    Kind of scary.
  • Profile picture of the author cheddarben
    cheddarben
    but the whole point of me now being able to quit my job is that I have the freedom to be in control of my own destiny.
    Hell yes. Freedom. Control.

    Congrats man... seriously. Hopefully one day I will be there. How did you do it?
  • Profile picture of the author DirectD_Rahul
    DirectD_Rahul
    Good for your economy. You seem to be well stable with family. 3 days/week a good idea for easy life or may be to start something new
  • Profile picture of the author smodha
    smodha
    Having no steady income was scary as hell for me. I didn't sleep for days.

    You have to find the courage and belief that you will succeed. Always focus on the destination and you will find the way.
  • Profile picture of the author takanomi
    takanomi
    Good for you, and good luck - I remember that day well, now twelve years ago, a one year old at home, another on the way, and a nice mortgage to pay! But as someone once said, leap and the net will appear. Twelve years later, and now four kids, it somehow worked out ... as it will for you.
  • Profile picture of the author curationsoft
    curationsoft
    Good luck to your decision! hope everything will be favorable on your part in your internet marketing career.

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