What are some indicators that you are ready to quit your 9-5 job?

[raad182]

I've been facing some FTEs and Its starting to get more frequent as I get older but I only have a 6-month emergency fund and no 2nd source of income.
I'm a little concerned about quitting before I should, so what are some green lights?
I know that there is no guarantee but I guess that some more experienced folks could help me with this.
I've always tried to kept my expenses as low as possible and avoided to start a family but I don't want to quit and a few months later get back to the rats race.
Again I know that there is no guarantee but Im trying to manage the risk.

 

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[RazorCut]

Do you have a Fastlane project under way or in the pipeline? If not then you might want to hold your horses.

I created my own FTE a few months back (I effectively sacked myself as I owned the business). But that was because I had been holding back on building the business I really wanted because I was enjoying doing what I was doing too much. Being comfortable can be such a b$%^ard.

I've been running on savings since and they don't last that long when you are spending to build something new as well as pay the bills and provide for a family.

My advice would be if you don't already have a Fastlane project in the works (that you know will turn a profit within your financial timescale) then make sure you have a fall back hustle to bring some income in if need be.

If you don't then maybe now is not the time.

However there is nothing better than a looming deadline of a zero bank balance to focus the mind. Hunger can prove a useful incentive.

 

[ZCP]

This is a spot where I thougtt 4HWW nailed it ...... be more important and productive at work than your have EVER been. Be the key ingredient and most important person there. While automating what you do and growing your fastlane business. When the fastlane business is about to explode (and paying all the bills) and the 9 to 5 is killing you / keeping you from doing it, very nicely pull the plug while not burning bridges.