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Quitting Your Job: What Will You Do? How Did it Feel?

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Seamster

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May 21, 2019
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I wanted to ask a few questions to those who have/will quit their jobs in favor of the business/investments they worked on and have been/will be successful. What did you (will you) do after quitting your job? Were you still motivated? How did you feel? Did you work on your business more, or less?


I'll go first, although it's only a half answer because I didn't exactly quit to work on my business full time:

I was fired by my company 5 months ago. I was planning on quitting, but I would have gotten a new job first. 70% of the office quit. And you know how when you turn in your 2 weeks notice many places tell you to just leave? Well, they kind of made a mistake. I didn't turn in my 2 weeks notice, but I did take a 2 week vacation, which was approved by management. But they terminated me anyway. So out of all the people who quit, I'm the only one eligible for unemployment, which is a big reason why I didn't go out and get a new job (I actually turned down a job because of this as well).

Anyway, I used to work 9-5 and work on my properties after and on weekends. It's hard to do, as we all know. But now I was free! Did I work on my properties more? NO! I didn't. Maybe a little more but I sat around all summer being lazy. I took two long vacations to visit a friend out of state. I sat around in the coffee shop for 2 hours instead of 1 hour. I woke up at 10 instead of 8. I stayed out longer. I walked slower. I stayed longer when going to visit family, etc. No rush for anything. No stress the past 5 months. And when I do work on a property I'm actually doing a really good job. As far as spending money, I've been watching every penny. Rent, utilities, cell phone, car insurance, etc., all that stuff is a monthly auto-pay bill and doesn't fluctuate much month to month. For everything else, out-of-pocket I averaged under $800/mo. That's really good. Most of it was food and gasoline.
 

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WJK

Platinum Contributor
FASTLANE INSIDER
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Oct 9, 2017
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So, do you now feel like working more since you have had some time off?

Can you live on the income from your properties? Do you need to go back to work at this point -- or are you financially independent?

Do you want more? Do you want more income? Do you want more properties?
 

Seamster

Bronze Contributor
Read Millionaire Fastlane
Speedway Pass
May 21, 2019
91
110
128
So, do you now feel like working more since you have had some time off?

Can you live on the income from your properties? Do you need to go back to work at this point -- or are you financially independent?

Do you want more? Do you want more income? Do you want more properties?
Not excited about going back. I'm happiest when I know I don't have to wake up early the next day. That means I can do whatever I want at night as late as I want to.

I can live on the income from my properties. I don't need to work. With the income and my savings I could probably live like this until I die. But $2000/mo isn't my endgame. You see, I need to get a job now in order to get a refinance loan on a couple of properties and use that money to buy more houses to increase my income. I wrote a thread about that recently, actually.
 

WJK

Platinum Contributor
FASTLANE INSIDER
Speedway Pass
Oct 9, 2017
2,146
4,747
1,148
Alaska
Not excited about going back. I'm happiest when I know I don't have to wake up early the next day. That means I can do whatever I want at night as late as I want to.

I can live on the income from my properties. I don't need to work. With the income and my savings I could probably live like this until I die. But $2000/mo isn't my endgame. You see, I need to get a job now in order to get a refinance loan on a couple of properties and use that money to buy more houses to increase my income. I wrote a thread about that recently, actually.
OK. So maybe you need to work on your properties more to get them ready to refinance. Maybe you want more. So, you'll need to get up in the morning and go to a job so you can buy more properties. Or maybe you need to work at night? They need a lot of bartenders right now... Life has a lot of trade-offs. Good luck!
 

robertwills

Bronze Contributor
Speedway Pass
Sep 9, 2020
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Atlanta, GA
I wanted to ask a few questions to those who have/will quit their jobs in favor of the business/investments they worked on and have been/will be successful. What did you (will you) do after quitting your job? Were you still motivated? How did you feel? Did you work on your business more, or less?


I'll go first, although it's only a half answer because I didn't exactly quit to work on my business full time:

I was fired by my company 5 months ago. I was planning on quitting, but I would have gotten a new job first. 70% of the office quit. And you know how when you turn in your 2 weeks notice many places tell you to just leave? Well, they kind of made a mistake. I didn't turn in my 2 weeks notice, but I did take a 2 week vacation, which was approved by management. But they terminated me anyway. So out of all the people who quit, I'm the only one eligible for unemployment, which is a big reason why I didn't go out and get a new job (I actually turned down a job because of this as well).

Anyway, I used to work 9-5 and work on my properties after and on weekends. It's hard to do, as we all know. But now I was free! Did I work on my properties more? NO! I didn't. Maybe a little more but I sat around all summer being lazy. I took two long vacations to visit a friend out of state. I sat around in the coffee shop for 2 hours instead of 1 hour. I woke up at 10 instead of 8. I stayed out longer. I walked slower. I stayed longer when going to visit family, etc. No rush for anything. No stress the past 5 months. And when I do work on a property I'm actually doing a really good job. As far as spending money, I've been watching every penny. Rent, utilities, cell phone, car insurance, etc., all that stuff is a monthly auto-pay bill and doesn't fluctuate much month to month. For everything else, out-of-pocket I averaged under $800/mo. That's really good. Most of it was food and gasoline.
Some years ago I was laid off. I literally packed everything I owned into a suitcase and got on a bus and had no idea where I would go or do for a living. All I knew was that it would work out It did work out and these are my rules for making it work:

1. Have enthusiasm for knowing it will work out, even if you don't know how it will.
2. Always be looking for the right actions that will enable you to sell good(s) and/or services(s) and do so at a profit.

Earning a profit is incredibly difficult but VERY POSSIBLE. When you find the right formula the money comes in floods.
 

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