How Much Would You Need to Make to Quit Your Job?

Fair enough misterwrecker or whatever your name is.

To be honest, I'm not a risk taker at all. Even my wife thinks I took too long to leave the corporate world.

My plan years ago was to leave my job once I had $150,000 in the bank and was making a steady $10k per month. However, once I got to that point, I didn't leave. Rather, I just kept making excuses for why I should stay on another year. Trust me, it's hard to leave a six figure job when you have a mortgage and two kids.

It got to the point where I was running my online business from my job. I worked for them about 30% of the time. Just enough to get by. The other 70% of my time was spent sending emails to my list, managing new projects, etc - all on company time. I'm not advising anyone to do that, I'm just being honest.

The funny part is, as I was running my operation from their office, I was getting good performance reviews, bonuses, and even got a promotion. I was still getting all my work done and the clients loved me. That just shows you how much fluff there is with corporate jobs.

Finally, one day someone found out that I was making money outside of the job and told the boss. He didn't know what I did at work, only that I was making extra money and he questioned me about it. That was the beginning of the end of my corporate career.

Sidenote: A bit of advice - never, ever let your boss find out that you're making more money than he's paying you. You might think he will respect you, but he will hate on you big time.

I noticed at that point that several senior staff started acting different and even shady towards me. They hired a new guy and had me train him. I suspected that I was training my replacement, but I didn't really care.

The best thing they could ever do for me was lay me off. And they did. So, ultimately, my decision was not to quit my job, but not to go back to a job. And honestly, it was the best thing that could have happen to me at the time.

A job gives you a false sense of security. You feel like you have guaranteed money each month. You feel like someone else will be responsible for your income on the 15th and 30th. But, the rug could be pulled from you at any time due to layoff or sickness.

Luckily for me, I learned to create passive income streams that were not dependent on my personal time. I learned to build assets that produced income. Having that Plan B is so important. That's why I stayed up late nights for years grinding it out. It all payed off and it will for you too.

I finally quit my day job when I had about 4 months worth of $$$ saved up, and my affiliate income was steadily (at least 3-4 months in a row) making me more than my regular day job.

I've been a full-time affiliate marketer for over a year now and love the freedom. I no longer worry about having to call in sick, missing time away from my children or any of that.

I'd been asking myself this very question over the past couple years while I did this part time. I'd been working on contract making good money, but two weeks ago my most recent contract ended.

I will be able to sustain myself for several months as it is, and I've decided that there is no time like the present, so as of two weeks ago, I am full time. I agree it is a bit unnerving and out of my comfort zone, but I wouldn't take the decision back for anything.

I'm not earning enough consistently to live off yet, but I do believe I can make this work before I have to search out a new contract or job.

Chris

Good for you :-)

..Oh and one last thing the joy shows in ur smile..It's kinda cute

I hope that pic wasn't taken Fall of '07

I quit my job back in February 09 because the company I was working for moved 50 miles away from my house. At the time I had a thriving eBay business. Then my wholesaler stopped carrying my best selling product. Talk about putting all of your eggs in one basket.

I've been doing IM for around 2 months now, give or take. I haven't made anything yet, but I've mainly been focused on building sites instead of marketing them. For the rest of this month and next month I'll be tackling that aspect. I've also spent the last month learning what to do. There are so many different methods for successful IM, it's hard to pick which one to follow.

Luckily my living expenses aren't much, only about $250 a month. Unfortunately, my spending habits are horrible. I think most people would agree that it's hard to go from spending money on whatever you want to suddenly having that privelage taken away. My motto has always been that "money always comes back". . . which means that it's easy to find ways to make money. With the economy being in such bad shape and my spending habits not changing from when I actually was making a good amount of money, I'm feeling the heat.

Hopefully August will bring success. I don't mind putting in 8-12 hour days on IM. I want to get a job just to outsource some of the more mundane tasks of marketing. To comfortably not have to have a job again, I'd need to be making about $1,000 a month. For now I'll be looking for another job, but I'm going to try to promise myself that it will be the last.

There is a lot of truth in those words. Just do it!

Man, this question couldnt have come at a better time. I have racking my brain with this question for about a year. I am a UX/UI (User experience/User Interface) guy and have been a web designer/programmer/graphic designer for over 10 years.

I have recently started to aggressively push my hobby/freelance side business to the point that I am making a little more than I get paid each month salary.

I know that if I could grab some recurring clients and work my side company full time that I could make even more money on my own (even though I make a quarter under 6 figures in my corporate job).

I want to go full time on my own but that steady paycheck is very nice to have. The downside to my corporate job is that I am in the IT industry and I work WAY too much. I feel like I dont give my wife as much time as I should since IT people are expected to be able to work all hours and with her support an understanding, she deserves every waking moment I have.

So to sum this up, I have been very afraid to pull the trigger and go out on my own and devote my time to self employment, though I desperately want to.

Tough question. If any of you warriors entice me with some web design or UI projects, I'll tell my boss that Im leaving on Monday. (just kidding, shameless plug (no seriously, I will)).

Good question. Wish I knew my own answer.

Ron, my story is very similar to yours in a lot of ways.

When I found Internet Marketing in December of 2007 I was
running a mobile home dealership and making a six figure a year
income. This might seem like a lot to some people, but I had
myself, my wife, and a total of 4 kids to take care of. The
number of children grew as we had to get guardianship over
my wifes 2 sisters. So, when you think about it, even though
I was making decent bank, I obviously still wanted more.

When I started working on my online business, I started making
a couple grand a month pretty quick and for the most part was
happy with that for a couple months because it was extra money
that I could do whatever I wanted to do with. Then the housing
market started to tank and I started taking IM more serious and
my income grew to a level that it exceeded what I was making
by showing up at the office everyday.

However, I was still "afraid" to just say screw it and walk away
so, I bought a Verizon aircard and was running my business from
my day job as well. Then one day I showed up only to find out
that we were closing down and I no longer was going to have a
job anyway.

The whole ride home I remember thinking how damn lucky I was
to have found Internet Marketing and how lucky I was to have
taken the opportunity seriously when I did. Now, while everyone
around me is scrambling to find new jobs and get additional training
to adapt to the financial climate in my area, I just do my thing every
day and still think all the time about how lucky I am to be doing
what I'm doing.

people always seem to say that $100 per day is the magic number,but in my case this just wouldnt do because the rate of tax in our country is almost 50% including all these new levies, so if someone in ireland earned $100 per day thats only $50 in their pocket which is 35 euros per day = 245 euros per week. An umemplyed person in ireland gets 204 euros per week from the government. So for me the magic number would be USD10k per month

about 2 times what I now make from my full-time job.

Why to quit a job when you can do Internet marketing part time.

I will quit my job as soon as I reach stable $3000.00 per month mark.
This will be enough to support my family and I'll set a higher mark for income after that

I was in the same situation. I started because I was jobless and it was the best decision I could have made. I now make enough to support my family and I'm working on growing more and more comfortable every day. I think for those people who are working a steady 9-5 and wanting to quit to do IM full time, it's not about how much you make... it's about how stable your IM income is. If you are consistently bringing in 1 1/2 times your regular job's wages, you might consider quitting as long as you have six months worth of savings put away.

I got into IM (as a total newbie) because I was actually unemployed and I had been burning my savings after a sabbatical year traveling around. Eventually, I came down to the point where I only had a few grands left on my bank account so it was time to either get a job or get something else, but I needed money and I needed it fast!

The idea of going back to the corporate cage terrified me, so I searched for options and that's how I first came in contact with the whole IM thing. I gave it a try and... Thanks God everything turned out well and I began making some decent money from the first month.

Ever since, I've never looked back and I doubt I ever will. The sense of freedom and self accomplishment beats security any day of the week.

some really low figures guys

is nobody here paying tax?