Two weeks ago I did, what I wanted to do for quite some time. I quit my job. Yes that‘s right. I called my boss and told him I wanted to quit and 2 days later, I turned in my notice. It felt like such a relief at first. I did not want to waste any more time with this work so I felt very good about it. To give you some more information, here is how I got there:
In 2018 I finished school and immediately started studying Business Administration and worked at one of the biggest companies in Germany in many different departments. Last year I got my degree and got a job offer at the same company. I accepted it since it had a pretty good salary and I had the opportunity to work 100% from home.
About a year ago, I started a side hustle. I earned some money mostly through affiliate marketing in the crypto industry. I got really excited about it and spend a lot of my free time working on new projects. My earnings grew (mostly due to the hype) and I had moths, where I earned about the same as my main job. In the last 6 months, my earnings from my side hustle where enough so I could live from it. Not that much, but I could live from it.
Thats when I thought to myself: Now is the time to do it. After I read TMFL and Unscripted , I knew I never wanted to work at the 9 to 5 for 40 years. So I was wondering, how much I could scale it if I could use 100% of my focus on it and maybe I would even find new opportunities. And I thought if I fail, I am still young enough, in a few years, I could just get another job again.
So thats how I got to the point where I wanted to quit. So what happened after that? I had my first free day (I used the rest of my vacation) and started working on my own business as usual. But something felt different. I felt pressure. When I was doing it as my side hustle I did not really care, if it was gonna be successful. If it works, nice, If it does not, I learned something. But now that I rely on these earnings, it felt very frightening. Also I felt pretty lonely. All of my friends also try to have a side hustle but all of them are still working or studying.
I could not sleep for 3 days in a row and my head could not stop thinking about all the things that could go wrong. Why did I give up everything I worked for in the last 3 years? Even though it was not my ideal thing, it felt like a threw away a lot of hard work. What if the crypto market wont go as good as last year? (Which is actually pretty likely) What if the affiliate programs change their terms? (Which has already 2 times in the past making me lose a huge portion of my income) I was so dependent on other companies. In addition to that I have around 10k in taxes that I have to pay for last year and I found out, I have to pay a lot for my insurance. Also I was scared, that I wouldnt have time to meet with my friends or comfortably pay for a vacation with my girlfriend anymore. Finding an apartement without a steady income also seemed impossible after I did some research…
Considering all these things, I panicked. I called at my work and asked if I could continue working there. One reason I quit was also because they want people to come back into the office 2 days a week. Since I live quite far away from the place that was also a point why I didnt want to work there anymore. Now, they were fine with me continuing to work there. (Probably because that means less work for them). But now they want me to be there 2 days a week, which would mean, driving 5 hours each way and sleeping in a hotel, or moving there completely changing my life for a job I don‘t even like. So I kinda agreed, just so I can at least keep the paycheck for a while.
So thats what happened the last 2 weeks. Now I am here. still not happy with the situation. My plan now is work there for 1 more year, maybe move there, so I dont have to drive so long all the time. And next year my friends will be done with their uni and maybe I saved more money and grew my business so I could feel more comfortable to finally quit.
I still dont understand, how I managed to get into such an unfortunate situation and I dont know why I am so indecisive… I also forgot to mention, I have around 50k in savings. I dont feel comfortable using them though for some reason.
If you made it this far, thank you for reading
Here some questions, maybe you can help me:
I would be very happy to hear your thoughts.
Niklas
In 2018 I finished school and immediately started studying Business Administration and worked at one of the biggest companies in Germany in many different departments. Last year I got my degree and got a job offer at the same company. I accepted it since it had a pretty good salary and I had the opportunity to work 100% from home.
About a year ago, I started a side hustle. I earned some money mostly through affiliate marketing in the crypto industry. I got really excited about it and spend a lot of my free time working on new projects. My earnings grew (mostly due to the hype) and I had moths, where I earned about the same as my main job. In the last 6 months, my earnings from my side hustle where enough so I could live from it. Not that much, but I could live from it.
Thats when I thought to myself: Now is the time to do it. After I read TMFL and Unscripted , I knew I never wanted to work at the 9 to 5 for 40 years. So I was wondering, how much I could scale it if I could use 100% of my focus on it and maybe I would even find new opportunities. And I thought if I fail, I am still young enough, in a few years, I could just get another job again.
So thats how I got to the point where I wanted to quit. So what happened after that? I had my first free day (I used the rest of my vacation) and started working on my own business as usual. But something felt different. I felt pressure. When I was doing it as my side hustle I did not really care, if it was gonna be successful. If it works, nice, If it does not, I learned something. But now that I rely on these earnings, it felt very frightening. Also I felt pretty lonely. All of my friends also try to have a side hustle but all of them are still working or studying.
I could not sleep for 3 days in a row and my head could not stop thinking about all the things that could go wrong. Why did I give up everything I worked for in the last 3 years? Even though it was not my ideal thing, it felt like a threw away a lot of hard work. What if the crypto market wont go as good as last year? (Which is actually pretty likely) What if the affiliate programs change their terms? (Which has already 2 times in the past making me lose a huge portion of my income) I was so dependent on other companies. In addition to that I have around 10k in taxes that I have to pay for last year and I found out, I have to pay a lot for my insurance. Also I was scared, that I wouldnt have time to meet with my friends or comfortably pay for a vacation with my girlfriend anymore. Finding an apartement without a steady income also seemed impossible after I did some research…
Considering all these things, I panicked. I called at my work and asked if I could continue working there. One reason I quit was also because they want people to come back into the office 2 days a week. Since I live quite far away from the place that was also a point why I didnt want to work there anymore. Now, they were fine with me continuing to work there. (Probably because that means less work for them). But now they want me to be there 2 days a week, which would mean, driving 5 hours each way and sleeping in a hotel, or moving there completely changing my life for a job I don‘t even like. So I kinda agreed, just so I can at least keep the paycheck for a while.
So thats what happened the last 2 weeks. Now I am here. still not happy with the situation. My plan now is work there for 1 more year, maybe move there, so I dont have to drive so long all the time. And next year my friends will be done with their uni and maybe I saved more money and grew my business so I could feel more comfortable to finally quit.
I still dont understand, how I managed to get into such an unfortunate situation and I dont know why I am so indecisive… I also forgot to mention, I have around 50k in savings. I dont feel comfortable using them though for some reason.
If you made it this far, thank you for reading
Here some questions, maybe you can help me:
- If you are a full time entrepreneur: Have you had the same struggle when quitting your job? What was it like for you? I would be happy to read your story.
- Is there some one else in a similar situation? What is your situation like? What is your plan? What do you think is the smartest way to handle it?
- What would you do in my situation? Do you think my concerns are justified?
I would be very happy to hear your thoughts.
Niklas
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