How can I quit the job?!

[twdavis]

Everyone else is talking and saying you should just "make the leap", but dont any of you have monthly payments to make on things or anything that requires a consistent income? What are you doing for money until your Fastlane ideas take off and become profitable?


Please tell me, I want to quit my job and work full time on a Fastlane idea so bad but I have a $280/mo car payment to make, I have a cell bill, car insurance, and a couple other minor expenses and I dont know how to go about eliminating them or at least partially replacing my income.


Thanks for help in advance!


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[Joshyybaxx]

Start the idea out small, scale it up to the point where it replaces your income (at least to the point where it covers your expenses then make the leap, no one is suggesting quitting income with nothing to replace it, you could also take part time/casual work whilst building it if you absolutely must leave the current position, but I wouldn't suggest it until you've had the biz idea tested and it's viable.

 

[AroundTheWorld]

The possibilities are endless..... I don't know your situation, but:

Work on your biz after hours / before hours / weekends
Partner with someone so it happens quicker
Move in with your parents
Move in with your girlfriend
Take on a roommate
Cancel your cable / TV / Cell
Sell your car and buy a piece of junk
Sell your car and use public transportation

 

[brob742]

I don't think anyone is saying quit the job with no plan. You need to give yourself some runway and have a solid gameplan in place.
Giving yourself some runway means having enough money saved to live on until generating income to cover your expenses.

Sell the car (you won't have car insurance anymore), lose the cell phone contract and head to SE Asia. This is just one of many options, but I know money goes much further there and can extend your runway. There is also a great entrepreneur scene there that you could plug into.

I believe @Jake has insight into this world.

 

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[StayPositive]

Create your business while you are still keeping your 9-5 job. Take a first small step. Set a commitment that you will earn $100 in three months from now. Then scale it until you cover your MUST-HAVE expenses.

Step by step, but set up the deadline. D-day will motivate you.

 

[DrkSide]

It seems as though you don't have that much for monthly payments. Have you looked at taking a skill that you have and consulting?

Also, learn a skill that will relate to your fastlane idea such as website, SEO, facebook marketing and sell that service to local businesses.

Another idea is to flip things on craigslist to ebay or amazon.

There are so many ways that you can do this.

 

[Kak]

If you really needed to you could:

Sell the car and get a 1500 dollar moped (where are you going now anyway?)
Liability only for the moped (you'll be dead if you wreck anyway)
Cable? Kill it
Internet can be done for 29 bucks a month. Use IP apps like vonage for phone
Then get a shit apartment for 400 bucks a month.

You could live on less than a grand per month like this.

 

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[twdavis]

Breakdown of my monthly expenses:

$280 car payment
$70 cell phone
$50 for car insurance, I'm on my parents' plan still
$75 for random past due bills
$100 for groceries

My parents aren't making me pay rent luckily lol, I gave up college with the intention of pursuing my own dream and not someone else's and my parents have faith in my work ethic and smarts, I just need the free time and I need the energy to do it, which is currently being wasted on my stupid a$$ F*cking dead end job.



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[JasonR]

I just need the free time and I need the energy to do it, which is currently being wasted on my stupid a$$ F*cking dead end job.

Nope. This is an excuse. I started my business while I had a full time job; many people do. I didn't go out with friends, I didn't party, I didn't sleep much. Three months later, I quit my job (I should have quit on month 2).

 

[twdavis]

I dont speak to my friends now as it is and I have no life at all, because my job drains the energy completely out of me. I try to only sleep for a couple hours at a time to work on my ideas but I often find myself sleeping past my alarms, it's not something I can help. I'm definitely not making any excuses, it's something I wish I could force myself to do, I've been trying.


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[Joshyybaxx]

Stop looking at it so negatively, someone is going to pay you $$ which is going to be used to grow you business, find time, kick it off the ground and build up momentum then take it on full time where you can pull $$ out of the biz itself to cover your expenses.

It's not the easy thing you want to hear but it's the thing you need to do.

 

[JEdwards]

Breakdown of my monthly expenses:

$280 car payment
$70 cell phone
$50 for car insurance, I'm on my parents' plan still
$75 for random past due bills
$100 for groceries

I just need the free time and I need the energy to do it, which is currently being wasted on my stupid a$$ F*cking dead end job.

If you can't make $500 bucks a month as a hustler/business owner you might want to give up now and look for a better job.

 

[LightHouse]

You talk about your job lie is an entitlement, hateful you have a job number 1. You think work is hard now? You have set hours, you get a paycheck, you have duties and that ends when you leave the place. What do you think life as an entrepreneur is like?

It sounds like you want the freedom but not the work ethic and instability/uncertainty of it all.

 

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[AroundTheWorld]

I just need the free time and I need the energy to do it, which is currently being wasted on my stupid a$$ F*cking dead end job.

How many hours a week are you at this job? (including commute)
You are alive for 168 hours a week.
What are you doing for those remaining hours?

 

[Mrs. BRKb]

...I just need the free time and I need the energy to do it, which is currently being wasted on my stupid a$$ F*cking dead end job.

Warning ya now, you are gonna get the fastlane forum tough love in this thread. "The community that tells it like it is." LOL!

Try entering the FL Miracle Morning book contest. There's a world of time out there for peeps who know their goals, and act. (That's the diff between entrepreneur and WANTrepreneur.)

 

[twdavis]

How many hours a week are you at this job? (including commute)
You are alive for 168 hours a week.
What are you doing for those remaining hours?

I work around 50 hours, I understand what you guys are trying to say, I really do, it's not that I can't handle the job or the hours required of an entrepreneur but I guess I would much rather work my a$$ off for myself than someone else.

As for the other 118 hours in the week, I spend roughly 5 a night sleeping, so that's 35 hours a week, and the other time I spend doing research/learning to copywrite/code etc.


My main problem is I jump around too much in terms of what I'm trying to learn or do research on because I'm usually afraid one idea wont work or whatever, I need to be more myopically focused for sure.


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[JAJT]

Get rid of the car and data plan. You've just saved $360.

If you can't come up with $215... well I don't know what to say.

 

[AroundTheWorld]

I work around 50 hours, I understand what you guys are trying to say, I really do, it's not that I can't handle the job or the hours required of an entrepreneur but I guess I would much rather work my a$$ off for myself than someone else.

Good. But remember, it doesn't happen overnight. How old are you?

As for the other 118 hours in the week, I spend roughly 5 a night sleeping, so that's 35 hours a week, and the other time I spend doing research/learning to copywrite/code etc.

Great start. Do you have a plan? A vehicle? An idea? Have you found a need?

My main problem is I jump around too much in terms of what I'm trying to learn or do research on because I'm usually afraid one idea wont work or whatever, I need to be more myopically focused for sure.

Great! So, this is ACTUALLY what this thread is about.
You won't be able to quit your job until you figure this piece out.
And then, start working on THAT every day.

It will come. But, not overnight.
Find a need. Focus your energy on that need.
Work on it every day.
Learn what you need to learn so that you can build a business around that need.

 

[twdavis]

Good. But remember, it doesn't happen overnight. How old are you?



Great start. Do you have a plan? A vehicle? An idea? Have you found a need?



Great! So, this is ACTUALLY what this thread is about.
You won't be able to quit your job until you figure this piece out.
And then, start working on THAT every day.

It will come. But, not overnight.
Find a need. Focus your energy on that need.
Work on it every day.
Learn what you need to learn so that you can build a business around that need.

Finding the need itself seems to be my second biggest hang up at the moment.


And to answer you, I just turned 21.


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[AroundTheWorld]

Finding the need itself seems to be my second biggest hang up at the moment.

There are a TON of threads on this forum about that topic.

Search and Read and search and read some more.

 

[smarty]

I work around 50 hours, I understand what you guys are trying to say, I really do, it's not that I can't handle the job or the hours required of an entrepreneur but I guess I would much rather work my a$$ off for myself than someone else.

My main problem is I jump around too much in terms of what I'm trying to learn or do research on because I'm usually afraid one idea wont work or whatever, I need to be more myopically focused for sure.

I'm not making any excuses, it's something I wish I could force myself to do, I've been trying.

You are definitely making excuses. Take the advice that @AroundTheWorld gave you above and don't try to learn everything, coding etc. Apply a few things instead and learn while applying.

It seems your problem is that you keep yourself so busy but not being productive. Being busy and being productive are very different...

I find it so easy to spot excuses on someone else but I often catch myself doing the same, being busy and not producing anything.

 

[twdavis]

You are definitely making excuses. Take the advice that @AroundTheWorld gave you above and don't try to learn everything, coding etc. Apply a few things instead and learn while applying.

It seems your problem is that you keep yourself so busy but not being productive. Being busy and being productive are very different...

I find it so easy to spot excuses on someone else but I often catch myself doing the same, being busy and not producing anything.

Know what? You hit the nail on the head. I spend so much time trying to figure too much crap out that it confuses and puts me into a fog and I can't think clearly, I'm just busy for the sake of being busy without actually making any progress or accomplishing anything.

 

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[Kak]

I work around 50 hours, I understand what you guys are trying to say, I really do, it's not that I can't handle the job or the hours required of an entrepreneur but I guess I would much rather work my a$$ off for myself than someone else.

As for the other 118 hours in the week, I spend roughly 5 a night sleeping, so that's 35 hours a week, and the other time I spend doing research/learning to copywrite/code etc.


My main problem is I jump around too much in terms of what I'm trying to learn or do research on because I'm usually afraid one idea wont work or whatever, I need to be more myopically focused for sure.


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Wait you work around 50 hours per week, your expenses are less than 500 bucks a month and you don't have any money put away? My brother caddies at a golf course and makes your nut in a weekend.

I'm pretty sure panhandlers make more than 50 bucks a day. Lol

 

[twdavis]

Wait you work around 50 hours per week, your expenses are less than 500 bucks a month and you don't have any money put away? My brother caddies at a golf course and makes your nut in a weekend.

I'm pretty sure panhandlers make more than 50 bucks a day. Lol

I've had a few things come up in the last few months that were beyond my control, and I only make 9.00/hr. It's a long story that I'd rather not go into. Funny you mention, I'm currently looking for another job so that I can at least save up money for now.

 

[Kak]

Yes seriously, wait some tables on the weekends or something. 9 bucks an hour is brutal.

 

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[twdavis]

Yes seriously, wait some tables on the weekends or something. 9 bucks an hour is brutal.

Yeah it pretty much blows lol.

 

[Kak]

There are better trades of your time for money first of all. You could make double the money part time as a waiter. That frees up time and gives you some extra cash to play with when starting your business.

 

[twdavis]

I'm a manager at McDonald's.


Pretty much self explanatory lol.

 

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[Enki]

I'm a manager at McDonald's.

And you didn't by a beater with a heater. You chose to get a car loan???

 

[Lathan]

9 bucks an hour is brutal.

I just got a raise. $9.29 per hour now. 72 cents raise. WOO! Talk about movin' up in the world, eh?
Sad part is, my raise is considered good by the companies method of doing things.