This post is from staff writer Sierra Black. Sierra writes about frugality, sustainable living, and getting her kids to eat kale at Childwild.com. (It’s also her birthday today.)
Who doesn’t dream of quitting their day job? Every day, countless hours are spent in corporate cubicles daydreaming about lives of adventure, creativity, and play — lives spent doing what you love.
Last month, I took the leap. I quit my day job to write full time. Now I’m sitting in Buenos Aires writing while my kids play with their grandparents nearby. And I’m getting paid for it.
To say this is the achievement of a dream would be a vast understatement; I’ve wanted to be “a writer” since kindergarten. But I didn’t just want to be a writer — I worked hard and planned for it.
Should You Quit Your Day Job?
Chasing a dream isn’t for everyone. There are plenty of people who prefer the stability and security of a job. Many creative, interesting, passionate people like the advantages of a steady paycheck, good benefits, and the ability to leave work behind at the end of the day.
Before you consider quitting your day job to follow your passions, ask yourself:
- How comfortable am I taking a risk with my livelihood?
- Am I willing to maintain a business?
- How will I handle the business management aspects of my new career?
- Do I want to do this all day, every workday, or will that strip the joy from it?
- Will my family and friends support this move?
If you still think you might want to go after your dream, some preparation can make the risks easier and the rewards greater.
Take Your Dream For A Test Drive
It’s a big leap from karaoke night at the local bar to American Idol. See if you can find a way to test-drive your dream life before you leap into it all the way. This will give you a chance to be sure it’s what you want. You’ll also get to fine-tune the details of how you want to go for it.
You may discover that you don’t want to do turn your passion into your career. That’s fine. One of the most talented singers I’ve ever known makes her living in psychiatry. As the daughter of two musicians, she knew firsthand singing wasn’t the right career for her.
Many people test-drive their dream jobs by freelancing on weekends or evenings. This works for creative fields like writing, photography and music. It’s harder if your dream is to open a restaurant or become a civil rights lawyer; some things, you can’t just dabble at. But you can still try some jobs on for size by taking a class or finding a mentor. Take a law class at a local university. Cook meals for family and friends. Pick up some night shifts as a chef’s assistant.
Do What You Love
Yes, it’s useful to network and gain experience. But don’t sacrifice your time and energy to do things you’re not interested in.
When I started freelancing, I had friends and relatives offer me gigs writing ad copy for their businesses or editing their thesis papers. Those are jobs that use the skills I’ve built up as a writer, but they’re not my driving passion.
Since I wasn’t depending on my freelance business to support me, I turned those jobs down. I focused on what I wanted to do: creative essay writing and blogging. Staying focused helped me joy out of the work and brought me more opportunities to do exactly what I most love.
Fake It ‘Til You Make It
Play make-believe with yourself right from the beginning. Don’t say, “I want to be a singer someday.” Say, “I am a singer.” You may feel a little dopey at first, but you’ll slowly condition yourself to believe it.
The most important aspect of “faking it ’til you make it” is to be professional. That means setting aside time to work at your vocation, even if it means turning down other fun stuff. It means following up on leads, keeping commitments, and presenting yourself like a pro.
Growing up, my mother told me over and over again, “Writers write.” That’s true. But any “dream life” has more working parts than the dreamy bits. Writers write, but they also network, edit, invoice clients, build relationships with editors, brainstorm ideas, and read other writers.
Find out what professionals in your chosen field actually do — maybe through an informational interview — and start doing those things. Right now.
Does your dream require a portfolio? A credential you don’t have? A new website? Make sure you have the professional tools to do your work, and then do it. Don’t spend a lot of money or time getting set up, though; you’ll learn more about what you need as you go.
Make a Road Map
Simply saying “I want to be a writer” was like trying to catch the moon in my hands. Clear goals helped me work. I knew what I was working towards, and I could break down the steps to get there each day.
Don’t be afraid to aim high. If you want more than anything in the world to be a contestant on American Idol, write that down and then draw up a plan to get there. Even if you don’t wind up singing on TV, the work you do pursuing while pursuing this goal will take you somewhere good.
And you may surprise yourself. When I made my list of dreams and goals, being published in The New York Times seemed like a pipe dream. When it happened, it was just one more step forward with a writing career that was beginning to pick up its own momentum after a year of hard work.
Bank Your Success
By the time I started making money writing, I was sure I wanted to do it full time. So I banked my paychecks in a savings account. My intention was to save up enough money to cushion the ups and downs of freelance income.
Even more important, I wanted to avoid “lifestyle inflation“. I realized that if I simply added my freelance income to my household budget, I’d risk gradually increasing my spending until I depended on my day job and my freelancing just to stay afloat.
So I hid that money from the household budget in its own savings account. I’ve appreciated having those savings this month while I’m traveling and unable to collect or cash my writing paychecks.
Do the Work
A dream job is still a job. Let me repeat that: A dream job is still a job. When your passion becomes your day-to-day grind, you have to be willing to show up for it just like you’d show up for a factory shift. Be on time, be ready to work, be respectful of the needs of the job. You need to do the boring bits as well as the fun parts, and you need to do it even when you’re uninspired or tired or distracted. Just like a real job.
Know When to Quit
How do you know when it’s time to quit your day job and go full force into your dream job? Sometimes the date is chosen for you. You’ve gotten into law school, or been hired as an English teacher abroad, and your new contract spells out the dates.
But if you’ve been running a side business, you’ll need to choose a date and leap. You’re probably ready to take that step if:
- You have substantial savings built up to cover the financial risk of quitting your regular job.
- Your “side business” is demanding more time from you than you can give it without harming your current career and family obligations.
- You have ongoing relationships with other professionals and with clients, so you know where your next paycheck is coming from.
- You can reliably expect to make enough money to cover your living expenses.
- You’ve been doing this on the side for awhile, and you still love it.
If you’ve built up a professional life doing what you’re passionate about and you’re ready to take the leap, go for it with love and joy. Be happy. I’m incredibly grateful to all the readers, editors, and publishers who’ve made it possible for me to have this career.
It’s hard work, but worth every second of it.
This article is about Career, Choices, Entrepreneurship Thursday, 22nd July 2010 (by Sierra Black)


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I am a writer!
Congrats, and happy birthday Sierra!
I too dream of one day I can quit my day job. I feel like I’m selling myself every day I go to work… It’s not that I have a bad job (not at all) it’s just not my passion.
This post is very timely for me. I work full time as a writer which is a dream itself, but I’ve been slowly building up my side career. I blog about thrift, I’m collecting true vintage treasure to re-sell for a profit online, and I’m researching how to make a full-time living as a reseller. I like my current job and plan to stay here a while longer, but freedom from a 50+ hour work week/setting my own hours would be another dream come true… I’ll keep this post in in mind as I slowly continue toward my goals.
I cannot wait for the day until I can completely quit my day job. I am so much less stressed when working on my own business than when working for someone else.
Happy Birthday Sierra! Have a great day
Are you sure you’re not starting a career as a psychic, because this is eminently topical in my life right now. I’ve been at the point of taking the jump before, but I always sell myself short and don’t see things through. Thanks for this article.
Happy birthday, too!
I feel the same way as Mrs. Money. I have a great job right now but I’m just not passionate about it so I spend most of my days dreading it. My dream is to be a freelance graphic designer…now if I could just get there.
I quit my job this spring and before picking up my next gig I ‘tried out’ one of my passions that had just been a hobby- chicken farming! It is a ton of work but I can now say I love being a chicken farmer.
this is a great idea, in theory
don’t get me wrong, i love to believe that it’s possible and it’s obvious that people are out there living the dream
but there’s never a plan B in these things
when emulating the tips, and moving forward, what happens when it collapses? fails? and you don’t make it?
i’m in a position where i took the risk and now am floundering in a writing market that isn’t getting me nearly as much money that I need to live on, not only that, i haven’t even been able to find a job…i’m considering desperation and going to the military and risk my life, because it’s getting that bad
what do you do when your dream fails? sure it’s nice to jump and be free…until it crashes and you burn in the wreckage
At what point can you start “faking it?” Is it when you get the idea to be a writer, when you’ve written in a journal for a few weeks straight, when you’ve posted a blog post, when you’ve published an obscure article, etc…? Or is it just up to you and how much you own it when you say it?
Because I would love to stop sadly telling people, “I’m a Tax Accountant,” and start excitedly telling people, “I’m a Cartoonist!”
I think the most important bit of advice here is to not let yourself get used to the second income, if the goal is to transition completely at some point. If you do that, you’ll get stuck “needing” your two jobs.
Hubby quit his job to work for our website 3 years ago.
With his two other part time jobs in video he has increased our income by double but he did find out that it wasn’t what he really wanted to do.
He’s a video producer and out looking for something in that area now. He might even take what we’ve learned in marketing and start something online but we aren’t sure yet.
I would certainly test it out first. He discovered that being a people person he hates to just sit in front of the computer by himself all day in the bedroom…I mean office.
The upside to that is that even if he stops doing so much for the website we can still earn money from it.
Congrats Sierra!
Given that my two young kids are at home all day, I have absolutely no desire to quit my day job.
I read your NYTimes article - very good. I’m already dreading those kinds of “talks”.
Mike
I don’t trust the emotion that says “just hand in the resignation and make it happen.” It’s like lust. It’s a strong feeling but not necessarily a lasting one.
If you can put the effort into putting together a plan and exercise the patience needed to accumulate enough savings to make the plan realistic, I tend to think it’s a marriage, it’s the real thing.
Yes, do what you love. But first prove to yourself that you love it enough to pay some dues.
Rob
Sierra makes a smart point about trying it out first to see if you really enjoy treating your passion as work. It’s truly not for everyone.
Last year, I began selling my handmade stuffed animals in local stores, at craft fairs and online in my free time. I was so ecstatic and flattered that people wanted to buy things that I designed and made! I started a blog, got business cards made, considered ways to increase sales and marketing, began turning a small profit - essentially turned it into a small business.
BUT I quickly burned out. Demand grew and I was spending all my free time sewing. I found that I didn’t have the freedom to change up designs or work on something just for myself - everything was to be sold. It took all the fun out of it. I got to the point that I HATED what I had once found relaxing and fun. And one day, I just quit. Finished out remaining orders and just stopped.
I haven’t been in the studio in 6 months! And I’m only now beginning to feel the creative itch again. After much soul searching, I’ve realized that while I could probably turn it into a full-time business, I don’t want to. I’d rather stay passionate about my passion - turning it into a job took away all the fun.
Not to be discouraging for those who want to do it - but Sierra & J.D. make great points about trying it out first in a low-risk scenario.
Hi Sierra, congrats for making the leap.
How long did you work at your other job before being a full time writer?
Thnx,
Sam
Sierra,
Great article!
I like the “Fake it till you make it” advice. I hadn’t been blogging for very long when an editor wanted me to write a newspaper article on drinking tap water. Until that point, I had only written blog posts, but I sucked it up and said yes.
I have also been asked to do talks about Non-Consumerism, and as much as it initially terrified me, I have said yes each and every time. I just pretend that this is a normal activity for me, and figure it out.
As far as quitting my day job goes, I’m going to have to give that a big fat “No way!” I am in the group of people that actually loves her day job. I am a labor and delivery nurse in a high risk unit, which I’ve done for over 15 years. My job is exhausting but utterly rewarding. That, plus the women who I work with are my best buds.
Can’t get better than what I have. A rewarding (and well paying) job with a engaging second “job” as a blogger.
Katy Wolk-Stanley
“Use it up, wear it out, make it do or do without”
Good for you! Btw, I love your posts. Happy birthday!
@Kate #13- Sounds like you need to charge a LOT more for your pieces. Limit demand.
In high school I did an internship that showed me that as fun as it is to READ about genetic engineering, actually being a genetic engineer is one of the most boring jobs in existence. Now I love me some social science– moves a lot faster. I’m glad we’re not stuck doing what our high school selves thought was a passion.
I quit my job as a full-time graphic designer for a state university 13 years and 1 month ago. I left to start my freelance graphic design business. It was the scariest, most exciting thing I’ve ever done. It’s worked out very well for me. I’m making more money than I ever could working for someone else. It can be very stressful, too. But, I’ve never doubted that I could be successful.
Prior to making the leap, I developed a good client base on the side. I worked my full-time job, plus developed my freelance business for 5 years, before going full-time. On top of my day job, I worked nights and every weekend for 5 years. And I saved a LOT of money doing so. I can’t stress enough to anyone that’s considering taking the leap that you have a very healthy pile of cash. I had a year’s worth of living expenses and income saved up, and I really wished that would have had even more in reserves. The first couple of years were scary and tough, but my business has really thrived despite the economic downturn of the last couple of years. I feel very fortunate.
Sierra,
This is an excellent post. It’s a great recommendation to try out your passion before jumping in with both feet.
I also love the concept raised in the earlier comment by Tawra (#10) about diversifying your income stream. Although it didn’t turn out to be the right situation the concept of diversifying income helps a lot when launching a passion. This means your passion doesn’t have to 100% support you on day 1.
Thanks.
Jeremy
I loved this article. I completely agree with everything you said. 5 years ago I decided to follow my ‘dream’ of being a self employed personal trainer. I tested it out on evenings and week-ends while I still worked full time in a finance role at a large company. Over the following 4 years, I slowly worked from full time at my corporate job, down to 2 days a week, and then finally realized I needed to make the ‘leap’!
It was the most liberating feeling the first time I said “I’m a self employed personal trainer” and knew that that was 100% what I was doing!
It’s definitely still a lot of work and although I love what I do, I work harder than ever before.
Most “how to quit your day job” articles sell the dream without going in to detail about what is required. This is bad advice, because readers need to understand exactly what they are getting in to. Thankfully, this article avoided that hype.
However, like most of the other articles on the subject I have read, the opinion expressed about those with a steady day job was subtly negative. It’s like you need to guilt us in to becoming an entrepreneur or something.
To prove my point, I’ll quote you:
“Chasing a dream isn’t for everyone. There are plenty of people who prefer the stability and security of a job. Many creative, interesting, passionate people like the advantages of a steady paycheck, good benefits, and the ability to leave work behind at the end of the day.”
Three things:
1. Don’t patronize people. I can recognize a backhanded compliment when I see one.
2. People working 9-5 jobs have dreams too, it just might not be to become an entrepreneur. You make it sound like everyone working at a regular job does so because they have to, not because it is a chosen career.
3. Many people (including myself) love their study jobs. Please acknowledge this!
I guess my comment comes from a frustration not really with your article, but with articles of this type. I’m sorry you got the brunt of it.
@Rob (#12): I really like your comment and totally agree.
I also like the Sierra’s line “ a dream job is still a job “. That’s a really good point to remember.
Happy B-Day Sierra!
Its worth noting that many people LIKE their so called regular jobs, and not everyone has the dream to quit-lots of people dont fall into the “whose never dreamed”. Many of us choose our careers because thats what we really wanted to do, after all. Its also worth noting, that its much easier to quit that job and play a bit when one as a spouse who is keeping the regular job. Im going to assume that Sierra got to take her leap because her hubby is willing for whatever reason to stay at the job he is in, regular and steady as it may be. Is that is choice? Does he love his steady job??
Online finance writers constantly caution about stocks as being risky, yet advocate starting your own small business, which is much riskier. We saw caution about stock risks here on GRS as recently as yesterday, but today the only caution in this article about starting your own business is that you might not like it.
I have a story that’s not unique. A woman I know started her own business. She was divorced, and so was doing this on her own, she didn’t have a spouse’s income to fall back on. To open her store she needed some investment money — she took out a home equity line of credit. She kept pouring money into supporting herself and her store, expecting that just given a bit more time to establish itself, the store would eventually become profitable, and she’d make back her investment.
It didn’t. She spent several years watching that store slowly die. It took her savings and her credit with it. Her house eventually went into foreclosure as well due to her inability to cover the loans taken out against it.
To add injury to insult, she also got sick — she was diagnosed with cancer. She took a job checking groceries just because she could be on the corporate health plan, because she couldn’t afford her cancer treatment otherwise. Now she’s forced to work full-time while also getting chemotherapy treatments, because this grocery chain only offers health insurance to full-time employees.
That’s another thing I always question when I read these articles (at least when written by Americans). Suppose your child was suddenly diagnosed with leukemia. How would the self-employed writer pay for treatment? I doubt many of these individual proprietors have great health coverage. My parents are self-employed, and I know the health insurance they have is not particularly great. It will help with an injury that’s handled in a single hospital visit, but anything chronic that lasted for months or years would eventually bankrupt them, and that’s if their insurance wasn’t cancelled first.
You might be able to say “well, if my kid got sick, my spouse’s corporate health insurance coverage would take care of it,” and that’s a reasonable thing to do, but I think it’s worth mentioning that you’re still dependent on a “day job” for decent medical coverage if that’s the case.
I don’t mean to be a huge downer, but if the writers of these articles are going to keep writing one-sided articles, someone has to come out and point out the risks — it’s almost irresponsible not to. I’ve watched lots of people start businesses. Some have succeeded. Some have barely made it, continuing to provide just enough income to keep the owner afloat, so that instead of living paycheck-to-paychek, they’re living client-to-client. My brother started his own business recently. He had to borrow money from me this month to buy groceries because his business is slow and it’s his primary source of income.
As a kid, my parents were often on the edge of running out of money. They both owned small businesses, and when business was slow, things got quite tense around the house. My parents didn’t fight constantly, but they fought often enough about how they were supposed to pay the bills. Even now as they approach retirement age, they don’t have much savings, and what’s probably worse — they’ve fallen behind in their fields. Technology moves faster than one person can keep up with and their businesses aren’t big enough to hire fresh young talent to come in and work on the day-to-day things while they move into management roles. They’re losing their ability to compete at the same time they’d like to be able to retire, but can’t because they never made enough money to put much away.
Be careful when your dreams aren’t just dreams anymore. You can’t turn them into reality without thinking hard about what that will actually mean, and what risks and tradeoffs that will require.
I’ve seen enough of these stories that I’m perfectly comfortable with my job at an established company. Sure, that imposes a few restrictions on me, but at the same time, it frees me up from a lot of obligations and risks that come with being in charge.
Way to go Sierra. I saw your interview over at IWTYTBR and it all rang very true.
Solid advice for anyone playing the “Is it time yet???” game.
I enjoyed this article, Sierra.
No matter who you are or where you work, however, the first goal to accomplish is to have a healthy relationship with the present moment.
If quitting the day job is a means of doing this, great. But if you are not able to find contentment now, it is possible you won’t ever find it.
Chasing dreams is not unhealthy but it can keep you far away from now.
“Every one rushes elsewhere and into the future, because no one wants to face one’s own inner self.” ~ Michel de Montaigne
To answer your question, me. I don’t dream of quitting my day job. I’m not a writer or an artist or an entrepreneur, and I have no desire to be. I’ll keep my steady 9 to 5 with benefits and a raise every year, thank you VERY much, and I’ll leave it behind me every day when I leave the office and go live my life - the life made possible by having a steady job.
Also, I love the double-take people do when I tell them I’m an accountant. I guess I don’t fit the stereotype.
My husband opened a restaurant 6 years ago (after being in the business of managing restaurants for over 15 years). The first few years went fine. He didn’t make much more money that he was making managing restaurants, he worked crazy hours, but he loved it and the business was doing OK (able to meet all business obligations). When the economy started to go down the business tanked. Things went very bad very quickly. We went through all savings, got behind on business taxes, and there were many months when he could not pull a paycheck at all. If I had not been working full time and able to cover some of the household bills, we would have lost our home and everything else. He had to close the restaurant very quickly and at that point we literally had no money in the bank. He was out of a job, our family was out of health insurance, and he was not eligible for unemployment because he owned the business. We lost well over $150,000 in savings and will be paying back business debts of $90,000 over the next 15 years. We were really lucky that we did not lose our house and did not end up taking our four kids (all between the ages of 3 and 9 at the time) and moving in with relatives. Owning your own business is risky and stressful. It is shockingly riskly if you do not have a spouse that works. Pursing your dream is great, but make sure you have your ducks in a row and lots of money saved. And make sure you can live with yourself if you lose lots and lots of money.
Congratulations on taking the leap!!!
Great job identifying the critical elements needed to make the jump for us non-jumpers!
Tyler, excellent reply.
When I was a child, my mom started a business with two other women. The financial and emotional shadows that were cast upon our family as a result of the eventual failure lasted for more than a decade, and I would not wish those experiences on anyone. Ironically enough, the problem her business faced was being ill-prepared to handle success–all three partners had weaknesses that didn’t mesh well together, and the larger their business got, the more the weaknesses caused problems.
What I took away from witnessing the failure first hand was that you need to be honest with yourself in regards to your strengths. I recognized very early on that I am similar to my mom in terms of disliking confrontation, and that I prefer to be a role player on a team rather than trying to run something outright. I’ve spent my career working with that understanding, and have generally been very happy with the positions I’ve held.
I have to agree with Tyler. While I find these types of articles inspirational,I think they’re incomplete. Yes, it’s awesome to have a “dream job” but I think the reality of life is that work is, well, work. Sometimes your job is wonderful, sometimes it’s awful regardless of whether it’s your passion or not.
Also, self-employment seems really limited. Who is going to be a self-employed biochemist? There are a lot of jobs where you rely on the support of a larger entity, such as a company or university, and striking out on your own is just not possible. Many jobs where self-employment is possible, like lawyers and doctors, need to put in a decade or more of working for someone else before putting up their own shingle. Otherwise, you simply don’t have the abilities to do your job well.
Finally, I feel that many of these articles fail to point out how much it sucks to be poor. A lot of fun jobs are also low-paying jobs, self-employed or not. For example, my husband used to work as a sous chef. For some reason, a lot of people who aren’t chefs think that it’s a dream job. The reality of it is that it’s low paying and frequently high-stress. Taking a vacation to another country? No way. Buying a nice car? Out of the question. Buying cheese or beef at the grocery store? Once in a blue moon. I imagine that many other creative jobs are similar.
Anyway, while inspirational, I think that it’s a myth for the most part, that a person can get a dream job/dream self-employment that pays well, that’s low risk, and that doesn’t require less than 40 hours a week.
A couple things:
- Sierra, your interview @ IWTYTBR was fantastic - I really enjoyed it.
- Those of you who are saying that starting a small business is super risky - you are missing an important part of the article. Start SMALL - while you have your day job. Find out if you like doing it as a business and IF IT CAN MAKE MONEY. If you can grow revenue to a point that meets your needs and some of your wants, then take the jump out on your own. This scenario is much less risky than just jumping out on your own with passion strapped to your back and nothing else.
- 66.6% of millionaire’s in the US are self-employed (Millionaire Next Door).
- I love how GRS has developed over the last year. I truly enjoy hearing from all the commenters (best audience in personal finance online)!
Happy Birthday!
I don’t hate my day job, but it is mediocre at best. I LOVE BLOGGING. Love it. Love the writing. Love the commenters. Love the spam (yes, it makes me smile that my spam has picked up). Love the ad negotiations. I love blogging.
Until my blog brings in enough to replace what my salary provides, I’m going to do both. Stick with my mediocre job with benefits and enjoy blogging everyday…even when I’m tired or an advertiser turns down my rate…I figure that this balance may not be the pure happiness equation, but it offers me stabilitiy and enjoyment. That’s a good balance for me.
Thanks so much for making me really think about my situation. I’m so glad you have achieved your dream. Thank you for some motivation during a tough week.
It is very often easier for women to start their own businesses, as they have husbands working and bringing in a steady paycheck, and maybe they bowed out of the work force for a while to raise children, so it’s a natural fit to have that work/life balance. I attempted a business when I lost my semi-full time job in March of 2007. When my husband also lost his job a couple of months later, it was decided (by both of us) that he would pursue his dream of being a commercial realtor, and I would bring in the steady paycheck that would help sustain us while he “ramps up.” That appears to be working out for us so far, but I still struggle with trying to contain my entrepreneurship while being chained to a desk for 50 hours a week. While my job in sales is the next best thing to writing my own ticket, I still dream of the day when I can reclaim my dream and my life. Thanks Sierra, for keeping the dream alive and Happy Birthday!
@ Tyler K- Excellent post, it truly is 100% the truth.
Way too many posts on this site about this topic make it sound way too free and breezy and most definitely cut out the details and any explanation about the likelihood that your business will fail and what to do when that happens.
Well, that’s not true. I’m well aware of the risks involved with running your own business. I come from a long line of entrepreneurs, and I’ve seen businesses fail all the time. When I write about this subject, I temper it with a dose of reality.
But just because you might fail at something doesn’t mean you shouldn’t try it. Too many people never make an effort because they’re worried that they may not succeed. If you take proper pre-cautions, I believe that making the leap to self-employment can be an excellent way to be fulfilled and make good money. I’m not the only one who thinks so. Go read The Millionaire Next Door for more evidence of this.
To everyone else: Did Sierra really have an interview with Ramit? I thought that was April. Do both of them have interviews over there?
Thanks for the sobering balance, Tyler. I agree that for us Americans, health insurance is a major factor to consider when thinking about leaving employment for any reason (which I find super depressing).
Since I’m single and don’t have a fallback support system, or access to someone else’s benefits, it seems almost lunacy to quit employment.
Fortunately I’m one of those who is willing to put in a 40-hour workweek for someone else, am reasonably well paid, and love walking out the door at 5 with nothing stressing me out.
I am not sure I believe the stat quoted above (66.6% of millionaires are self-employed) but even if it’s true, so what? I can be in the 33.3% who is a millionaire, and will sleep at night in the meantime
I suppose this comes across as a bit defensive. I did appreciate that Sierra tried to acknowledge that not everyone wants to quit their day job to become self-employed; thanks for that nod.
Some personal experience to share.
DH worked in the rehab department at a very famous university hospital for fourteen years. At the end of that time, despite having qualified for and received a Physical Therapist Assistant license, he was only being paid $14/hr. After we were married, he decided to strike out on his own. He got a high-quality Personal Trainer certification and went freelance as a therapist and trainer.
Within a year, thanks to his connections and client referrals - he has never advertised a day in his life, a good network is ESSENTIAL - he was making twice his university pay. It’s now been eight years and his new clients pay between $80 and $100/hr; he works an average of 30 hours a week.
HOWEVER this was mostly possible because my law office jobs paid the bills early on. Otherwise we would not have had the income stability we needed. My jobs also provided health insurance and tax-advantaged savings plans.
Meanwhile as I got burned out on law-office work, I also studied for a Personal Trainer certification and, when a course became available, a ballroom dance instructor certification (we have danced for going on 13 years and it is truly my passion).
When I was laid off, I did some teaching work that helped pad the budget. Since re-employment, I’ve done some teaching on the side. I love it, but I’m saving that for my “retirement gig” because I learned that I still want income security and corporate benefits: they allow us to not only live well NOW but to plan for a future in which we can live even better. Not more lavishly, but better, in a greener, quieter place of our own.
And, fwiw, the whole process of developing my exit strategy really changed my attitude toward my day job and I now feel very much at peace with continuing to work in an office. (It helps, of course, that I landed in a good office. There are some really crappy ones out there!)
Great post! This is something I daydream about quite often, and it’s good to consider the reality of it.
I totally agree with Tyler K. I’m glad someone said it.
I think most of these “entrepreneur” articles feature a little too much “it’ll-all-work-out-somehow”, and not enough “4-out-of-5-businesses-fail-within-5-years.”
What is it with Generation X being so terrified of work? Why does everything have to be about “fun” and “passion” all the time? A little hard work builds character and self-discipline.
You don’t have to look far to find stories of people who took a shot at their “dream” and either failed (leaving behind a trail of ruined credit, foreclosed homes, and decimated life savings), or found it wasn’t all they thought it was cracked up to be.
I think the most important lesson here is for people graduating high-school. Think very carefully about what you want to do with your life. Choose your career wisely. Pick something you can honestly see yourself doing for the next 30 years, and excel at it.
“Well, that’s not true. I’m well aware of the risks involved with running your own business. I come from a long line of entrepreneurs, and I’ve seen businesses fail all the time. When I write about this subject, I temper it with a dose of reality.”
Sorry J.D. but it is true.
While I’m sure that you are aware of those risks the dose of reality that you attempt to convey, IMHO, is usually not strong enough and the posts from your staff writers (like this one) convey even less.
“But just because you might fail at something doesn’t mean you shouldn’t try it.”
I never said that nor did I try to imply that. What I’m saying is that too many personal finance writers when they write about this subject either don’t let on fully how the odds are stacked against you or just flat out cut the whole potential downside part out.
“Too many people never make an effort because they’re worried that they may not succeed.”
And the reason for that is because of the overwhelming number of people that do try and do not succeed and in most cases have their lives ruined because of it.
“If you take proper pre-cautions, I believe that making the leap to self-employment can be an excellent way to be fulfilled and make good money. I’m not the only one who thinks so.”
That sounds so collegiate text book and ivory tower.
For every J.D. Roth that’s making good money writing I guarantee you there are thousands or probably tens of thousands that did their due diligence and still failed.
(I know a few myself)
Timing and luck play as much of a part in this equation as any pre-cautions that could be taken.
In future posts about this subject by either you or your staff writers, the warning label needs to be a whole lot stronger.
Congratulations to Sierra on taking a big step. I’m glad she is getting what she wants and am happy for her that she is enjoying the fruits of her years of self-discipline.
I think it is important to recognize that some careers lend themselves to self employment more than others - graphic design, writing, etc. come to mind. One thing most of these careers have in common is relatively low pay when you are working for someone else and low start-up/costs of entry. So quitting the day job represents less of a risk than it might for someone making $100k plus in a position where there are high barriers to entry for self employed workers (need for support staff, very expensive equipment, office space outside of the home.)
Count me in with the group that doesn’t dream of quitting my day job. I’m single and - as others have pointed out - that makes it much less likely anyway since I don’t have the security of a second income but I actually mostly like my job. And I believe I am older than many of the commentators here and at other websites who earnestly feel that if they aren’t feeling fulfilled by their work 95% of the time they need to do something else. For me, work is work. As long as it is mostly ok, I’m good. I didn’t feel that way at 25 but in my late 30s, I do.
I thought this post was a lot more measured than previous posts on this kind of risk taking, for example the “informational interview” post by April last week… where I got slammed by some of the commenters for discouraging people from following their dreams. (Note, informational interviews ARE great for gathering information… but sometimes the naysayers have good information too.)
Maybe it’s because I see Sierra outlining the steps in the way that Your Money or Your Life does, so when I read it I’m also thinking about what YMoYL recommended for following your dream as a measured risk. She’s not saying to drop everything and start an untested business. She’s talking about after you’ve gotten success with your side-business when to make the jump.
It’s also worth noting that Sierra’s dayjob was also her own business, just a different business. Free-lance writing also doesn’t have the same kinds of risks that say starting a restaurant does, unless you’re really into libelous statements (and even then, umbrella insurance can help).
p.s. I wish my dayjob let me leave the work at work.
Ok…I have been self employed ever since I left college in 1992. Started a manufacturing business with some success, got bored with it because it wasn’t my passion. Started real estate investing and then took the leap into the mortgage business …..and was extremely successful…made high 6 figures with the business and and high 6 f…igures with investing……only to see it all come crashing down (check out my meltdown in 2007: http://www.pechmanncoaching.com/about/my-story)
I picked myself up, kept the family together (and NO, my wife was not working), and started over again in the mortgage business to again make 6 digits again……BUT guess what? I am going out on a limb again and starting a financial coaching business to help other people not make the same mistake I have made…..THIS is my passion.
I have never had a guaranteed paycheck….don’t even know what that feels like. Why am I telling you this? It is because I have learned a ton from my mistakes….and you have to fail first sometimes if you want to succeed. Don’t believe me, read Failing Forward by John Maxwell…..the best entrepreneurs have taken a risk, failed at some part of the business or completely in business, learned from it and then proceeded on their destination. There is no way you can fail if you keep on moving forward, ….you only fail when you stop. Oh by the way, it helps to have the spouses support (doesn’t have to be financial). She is my biggest cheerleader for this next adventure…….
Thanks JD for the opportunity to respond…..
Yes, that advice probably doesn’t apply to a capital and time intensive business like a restaurant, but it certainly applies to many situations.
I have a side repair business that I thought for awhile could become my main source of income and I could quit doing full time accounting work every day. I was looking for an escape from my day job.
I’ve since found that I prefer to keep the side business small/under control and pick up a new customer by word of mouth every once in awhile. This arrangement lets me spend time with my kids in the evening whenever we want as opposed to me feeling trapped in yet another job. I also can spend time learning guitar.
Oh sure, I still have days when I want to quit my day job, but I know I’d have days like that if my side business were my full-time gig.
Having a side business has helped me see that the grass may seem greener on the other side of the fence, but somebody still has to mow it!
Christina in NM: I eat a plant based diet. No cheese/beef is healthier for you anyway. =)
Overall I see a lot of negative comments toward Sierra. You must all admit she says you need a supply of cash for your known expenses. I think one of the posters that said it should be enough for one year. It should be more especially if you’ve got to put cash up for risk… Maybe if you have to take out a loan it’s not a good idea…
I feel I have the best of both worlds. I have a job I like and I work part time. I do have a college degree but the only time I ever worked a full work week it was 37.5 hours a week in a state internship for 3 months every summer of college. After that I worked 4 days a week. I was slowly able to change that to 3.5 days a week, then 3 days a week and now I work 3 days a week for only 2-3 mos out of the year. Granted, I have a DH with a day job contributing. However, HE ONLY WORKS 3 DAYS A WEEK! We have free medical because of our race so I know it might be harder for some to do. But even if I was still single I’d still be working 3 days a week. If we had to have a job with benefits my DH could work 30 hours a week and qualify.
I really appreciated Sierra’s comment: “Many creative, interesting, passionate people like the advantages of a steady paycheck, good benefits, and the ability to leave work behind at the end of the day.” It’s me!
Nicole, I do think that people have to guard against hearing what they want to hear from anyone they interview!
What troubles me is that while I do see mention of health insurance I don’t see anyone mentioning the crucial need for disability insurance. What will happen to Sierra if she has a stroke and can’t write any more? How will the family fare if the serial entrepreneur can’t work any more, particularly if the spouse has no ready job skills?
Go for your dream, but do it with your head screwed on straight!
“Many creative, interesting, passionate people like the advantages of a steady paycheck, good benefits, and the ability to leave work behind at the end of the day.”
Also, some of us actually like our job. I realize I’m lucky to have steady, benefitted work that I feel this way about. But “likes a job that happens to be a steady paycheck” doesn’t necessarily mean “office drone.”
So here’s a question: what if your “day job” (your employer) won’t let you do things outside of their work to make money? This happens to be a policy at my office, and it really puts you in a tough situation if you have any interest other than the work there. Have others faced this dilemma?
I find it quite interesting how many people in the comments completely throw out the option of starting their own businesses because there is risk. There is risk in everything you do. Do you not drive because you might get into an accident?
Is having a business the right thing for everyone? No. Is everyone’s dream job being an entrepreneur? No. For some the answer will be an 8-5 job that allows them to do the things they like to do after hours. For others, it may be climbing the corporate ladder. AND for some it will be starting their own business.
Bottom line: there is no “right” method for everyone. It’s a personal thing. You should absolutely pursue your passions… whatever that means for you.
There is danger in leaving the day job and great reward.
I am a chicken- we never did the independent thing.
My sibs all did independent- two were very successful and two have nothing at the ages of 50 and 59.
I appreciate a good writer.
Sierra, I think you have made a good decision as long as your family supports it.
Wondering out loud what race Amanda is—Native American?
yes. but we have a GOOD system in place. Some places have poor Native health care. If I lived there I’d have insurance!!
Well done!
We’re no long in the category of having the choice to quit or not, but . . .
I thought Sierra’s article was quite balanced. I agree with the career employees — working for someone else is a choice with definite upsides. I was a career-long employee myself until I was let go almost six months ago.
As a 20-year veteran of corporate America, I have to say that I’ve found the benefits of having employee status to be eroding. I could have taken a job offer recently that had insurance that cost only 30% less ($400/mo less) than the COBRA I have available to me for another year. No matching for the 401(k), almost no time off for years and years. What’s a pension? And it was for roughly $25/hr, before the health-care deductions. I can do better than that contracting and freelancing in the same field, even after paying for “the benefits” myself.
The scary part for us is the insurance coverage. ObamaCare fixed a few things, but not for a few years, if at all. If DH and I can drum up enough money with our businesses, we’ll be able to self-insure for most things and pay for catastrophic coverage and disability insurance.
Not everyone wants the 6 figure salaries or the security of a full-time job. Not everybody feels frustrated and confined working a nine-to-five.
Some people can’t stand not knowing where their next paycheck would come from. Some people want the luxury of leaving everything at the office at the end of the day and indulging their creative sides.
It comes down to personal priorities.
Boy, this may be GRS’s most popular post yet!
As these comments show, there are definitely two sides to this coin. The key for anyone writing this type of post in the future is to present both sides and give the whole picture.
My heart breaks for those entrepreneurs that tried and failed, risking their homes, families, and credit in the process. Those stories are are terrible. Hopefully someone reading this and considering a similar path can avoid that fate.
Also, there’s no need for us to argue about who’s choice is better. No need to be defensive. Different strokes as they say. As for me, I like my job, but wouldn’t mind the extra income freelancing would bring in. It’s something I’ve thought about pursuing on a part-time basis.
Some of these failed business comments would make good posts, I think.
Sierra brings up enough of the realities that the article really feels balanced to me, but hearing from a person with a failed venture would be an interesting perspective.
I think this is an excellent post! Great choice, Sierra, to also move to a place where one can live well for so little and have great health care.
I’ve had a lifetime of following my dreams and it has worked for me. I think if there is a will, there is always a way, but of course, good planning is needed.
We have been living our dream of traveling the world as a family since 2006 & it was the best decision we ever made. Time is truly the greatest wealth and my husband doesn’t miss the office one bit!
We’ve been living large on 23 dollars a day per person in “expensive” Europe for the last 4 years. If one lives well under ones means, then one buys a lot more time for fun and can actually save while traveling. Instead of working for the man, we’re relaxing in the south of France together today.
It is really easier than most people realize.
Melissa, my job doesn’t allow us to moonlight. I don’t know if that includes blogging or not, but I haven’t been fired yet. Sorry I couldn’t be more help.
I don’t stay at my job because of its steady paycheque, or 9-5 hours (it certainly doesn’t have the latter!)
I stay because I love what I do - and not all passions can (or should) be transferable into one-man/woman entrepreneurial options.
If your great interest and passion is deep sea oil drilling, or space exploration, or curing HIV/AIDS, your entrepreneurial options are necessarily going to be limited (not non-existant, but limited). Some things are accomplished best with large or larger teams. Working for a medium or large organization to accomplish those goals shouldn’t be considered any less worthwhile or fulfilling.
Inspriring post, Sierra. And happy birthday!
Sierra, I commend you for following your passions and taking the leap. I wish you continued success.
I enjoy what I do and consider myself fortunate to work for “the Man”. My job has provided me a steady paycheck, a dang-near free masters degree, and opportunities to live overseas for years at a time at my employer’s expense. I feel like I’m living the dream, too.
Different strokes for different folks, I suppose.
Great article! I just wanted to add that a another way to test drive or learn what you need to know for a new career is to volunteer. It’s a great way to find out if you enjoy a field and a great way to obtain new skills.
I would not suggest quitting your day job unless you have a backup up way to make money
My advice is always to have a plan before making a change and do not act on impulse. Act as if you are playing chess (I was a chess champion once) and think several moves ahead (or even to the end of the game) before you actually make a move. Its basic planning. Failing to plan is like planning to fail.
You may not be in your dream job, but most people can not afford to be out of work for an extended period of time.
“Many creative, interesting, passionate people like the advantages of a steady paycheck, good benefits, and the ability to leave work behind at the end of the day.”
Thanks for the back-handed compliment there. But actually, being happy and fulfilled in work that often comes home with me at the end of the day AND having a steady paycheck, benefits and job security is my idea of the best of both worlds. Good luck to you, though.
Excellent points! I would LOVE to quit my job, not because I hate it, but because my day would go like this:
<——- My face every morning
Wake up
Tennis Lessons
Gym
Squash Lessons
Movie in Air conditioned Home Theater
Nap
Tennis Match
Hike up a mountain
Surf
Sleep
Repeat
Truer words were ever written about the ‘big leap’. I remember a year-and-a-half ago I had a choice, either continue my dead-end acquisition of another job or start networking. With some encouragement from my wife I decided to begin networking and something amazing happened: people started to pay me! Granted it didn’t all happen at once, but here I am eighteen months later and I think it was the best decision I’ve ever made.
I hope this article encourages more people to take the plunge and start living a better life for themselves
This article was fairly good except it was a little discouraging to see a blog written by a “writer” with multiple grammar errors. Even though some of the stuff she said was good, the grammar errors tended to discredit the whole article since “writing” is her profession.
Anyone who thinks JD and the GRS staff writers are being irresponsible in encouraging people to consider their employment alternatives, including self-employment, should go back and read JD’s post on his own decision and meticulous plan to transition to self-employment:
http://www.getrichslowly.org/blog/2007/11/11/quitting-the-day-job-finding-the-guts-to-pursue-your-dreams/
JD got where he is — including being in the position to help several other writers and who knows how many others develop their self-employment plans — through a lot of hard work, careful planning, and honesty with himself and his readers. Congratulations on building a successful business, JD! I don’t think anyone who has followed you closely through this journey thinks you are being unrealistic. While I hope you won’t over-extend yourself again, I do look forward to the “build a blog” project, which will give people a real example and hopefully more hard data to consider as they weigh different options for starting or building their own business.
FWIW, I am also in the camp of those who have decided to keep a desk job for stability reasons. Eventually I will probably try something more entrepreneurial, but for now I am fine with working for a larger organization — gives my life a lot of stability and is relatively low-stress.
wow everyone has some very strong opinions on this article, I don’t think the writer means that if you quit your day job that things will go perfect. Financial writers can’t cover all the details of business for you, because everyone starts off different business and not everything works for each person.
She is just trying to give you general advice, and you’re supposed to figure it out as you go along in your business. I don’t think that Ms. Black was giving a backhanded compliment,because some talented people do want to go to work, come home and forget about work. Not everyone wants to make their passion their job.
My mom has a hairstyling business, where for many years she worked on her own, she finally wants to sell it and retire in in 2011. She is successful at it, but it is still a job. She financed it on her own, but she knew that she didn’t have a bunch of money to spend on it. She knew what her limits would be.
By the way, my mom started it when I was 16, and she had to support herself and me, because my mother raised me for the most part. My mom was divorced when she started her business, a lot of people get in over their heads, they get excited about going on business on their own, but its risky, you have to be prepared for the risks.
Not everyone fails, my mom made good money at it, its been slow lately because of the recession, but it provided us with a good income, my mom learned how to cut hair fast and cut it well.
My mom paid off most of her mortgage with her business,was able to pay half of my college, do remodeling on the house, she worked her butt off to make it a successful, sometimes she had rude customers but she put up with them because she wanted their money. There were times where she got frustrated with competition from Great Clips and other big companies that she had to compete with. She finally hired other hairstylists to work along with her to help her out because she was getting good word of mouth.
It wasn’t all rainbows and sunshine, it was work, there were some tears,sure it was her business, but she worked very hard to make it successful. Not everyone fails. When people post their “failure” stories, please remember that not everyone goes into the details of why they fail.
Some people borrow too much money from the bank,some people aren’t money savvy, others trust the wrong people, some don’t really think about long-term consequences, etc. There are so many things that can go wrong that a financial writer can’t cover everything that can go wrong.
Its possible to be successful but it takes a lot of sweat to get there. Even J.D. Roth said that he works on GRS 50-60 hours a week on the blog but he’s trying to cut down to spend more time with his wife and friends.
A lot of people are posting how they’re glad they have their day jobs, well okay, great, but the president of your companies, had to take a risk at some point and go off on their own and start their companies, then they retire and pass it on to their kids or a board of directors or whomever.
Where would you be if someone from your company hadn’t said to himself/herself, “gee I think I want to start a company, I’m going to see what it’ll be like having my own business.” Bill Gates wouldn’t be Bill Gates if he had worked for someone else.
Microsoft wouldn’t be here, and I know there’s controversy about Microsoft but cut me some slack, I’m trying to make a point that everyone, even big companies had to take a risk at some point and started out small.
Bill Gates had a dream to start his own company, he could have been scared and stuck to a regular job if he wanted to, but now his company employs hundreds of employees and in turn they make computer users lives better each day.
What’s important to note is that those who quit, simply haven’t found what they are looking for. Nobody quits a job they love, it’s as simple as that.
So those who long to do something else are actually quite unlucky.
btw I currently work for a small healthcare company, the president of the company started it in 1980, it employs 705 people, where would I be if the president of our company hadn’t taken a risk and not started it?
I sure am glad that he started our company because I wouldn’t have this job if he never started it, and I like this job more than I’ve liked previous jobs. So not all businesses end in failure. Some risks and some businesses pay off.
Don’t be scared to start a business, but you have to know what you’re willing to risk, plus it helps if you go into it wisely and not with rose colored glasses. Some people are foolish when they start their own businesses, it helps to go into it with wisdom.
EDIT: btw companies aren’t always secure I mean look at what happened to Enron. I’m sure many people who used to work at Enron thought they had a job for life and a pension to go with it. Um it was April who got interviewed at I will teach you to be rich, not Sierra, the two blogs coincidentally had similar articles on the same day.
It’s a personal choice. You must know your strengths and weaknesses. You must seriously consider whether pursuing a `passionate hobby’ or other similar project will grind down that passion until it feels like a chore.
Having started a successful a carpet cleaning business with my ex spouse, I can tell you that launching your own business is HARD, HARD work. Lots of hours, stress, networking, strategizing, etc. It can be highly rewarding, and it can also lead to exhaustion and burn out.
Several years ago I collected vintage collectibles and clothes/accessories and made a very good business selling them online while also working my regular job. My vintage side business became so successful that I found myself working 60 hrs a week between the 2 jobs. The side business, which had initially started out as a fun passion, became A JOB. I burned out after about 2 years - and I had to make a tough choice.
I closed the side business and I stayed at my day job, and I have no regrets. I now telecommute, I have great health insurance that really paid off when I was diagnosed with cancer, and I get fantastic benefits.
Now that I’m not commuting, I have more time and I plan to relaunch my vintage side business as a `hobby’. I’ll have the extra income but won’t ever let myself be so consumed again!
A high percentage of small businesses fail after the first few years, but that doesn’t mean you shouldn’t ever try. Just be realistic about it, and if you’re not comfortable with a high degree of risk, don’t gamble everything including the kitchen sink for it.
I’m surprised at the number of negative reactions to a post I found very well-balanced and inspiring.
As someone who quit my day job a year ago to become freelancer, I can wholeheartedly recommend it… but only to people who are willing to take into account the risk, hard work and preparation required to make it a success. It’s not all “sunshine and rainbows” and I too have seen many businesses fail. Some are due to bad luck, but I believe that there are many steps you can take before making the jump to give yourself a running start.
As a bit of background, I am also a writer, specializing in marketing and corporate communications. I am single, with no children and living abroad far from my family. This comes with the advantage of only needing to support myself, but the disadvantage of having no one to lean on financially. Therefore it was crucial that I could support myself from the moment I started my business!
Beyond the great advice Sierra shared, here are a few things I did in preparation for quitting my day job.
- I picked a quitting date, and then spent two year laying the groundwork to make the move
- I saved 5 months of living expenses (factoring in increased healthcare payments, increased energy expenses from working at home, etc), plus enough to cover the costs running my business in the first year
- I maintained good relationships with all my former employers (which led to many current assignments, but also a network I could turn to in case I needed to return to full-time employment!)
- I told absolutely everyone I knew that I was planning to start my own business and what my specialties were
- I took a course at the local chamber of commerce to make sure I fully understood the costs, tax implications, and administration requirements of being my own boss
- I attending as many free networking events as I could within my sector
- I did small projects for free to build my portfolio and references
- Two months before I quit, I secured 2 major projects to ensure I would be generating income from the moment I went freelance
In my first year as a freelancer, I have worked harder than ever before in my life. But I have never felt more rewarded and in control of my own future.
I think it helps a lot if the thing you want to go off and do 1) has a market with eager customers and 2) is something you actually want to master.
The second one is really important. It’s tempting to go with the practical “what will sell; what can I do” ideas. But you’ll burn out if “what you can do” is not something you want to master. Mastery requires focused, dedicated, patient practice. A business based around what you want to master provides that setting. A writing career is great way to master writing. A sewing career is a great way to master sewing. A programming career is a great way programming. A business is a great way to master business.
When you show up to work with the mindset of a master, work is not a job. It’s a practice. When you treat work as a job, you do it because you have to. How you feel during and after is highly erratic. You may feel excited going in, realize you’re not feeling inspired, and grind your way through until you have something. When you treat work as a practice, you find as much value in going through the motions as you do with the end result. If you’re not feeing inspired, that’s OK. You practice. You play in the moment. In the end you feel relaxed, calm, happy.
So what I’m saying is the “A dream job is still a job” may be misleading. Doing what you love — what you want to master — won’t neccessarily kill the fire. It just depends on what kind of relationship you have with your “dream job”.
Most Americans hate their jobs. Id love to not start a business, but become self employed. Running a business is not for everyone.
I LOVE this article. It spells out, with no excuses, how to live your dream job while being optimistic and hopeful but not unrealistic.
PS I just want to say that I LOVE your writing, Sierra. Your articles absolutely capture my attention all the way through reading them and you have some fantastic advice/input.
This is a fantastic road map for people considering quitting their jobs. I left mine three months ago, and have no regrets. It takes time to build a business, so if I have anything to add it would be to give it your all in that first year. It’s not easy but it is totally, 100% worth it.
I like the one part that said you’d better like what you’re doing enough to do it all the time. I built up a very successful business once then discovered it bored the hell out of me.
My passion is music and I want to be a rock star. Is that aiming to high?
The 9 to 5 grind is soul-sucking and unnatural based on the community-based, hunter-gatherer/merchant societies of our past. It is a product of the Industrial Revolution. Man is not meant to be stuck in a cubicle…
This is excellent advice - but not for a musician.
Or rather - it is ALL good advice - except for the American Idol bit.
If you want to be a Professional musician - the LAST thing that you want to do is to enter contests, especially those in which you sign away an interest in the rest of your career in exchange for the “exposure” they are going to give you.
In fact, contests of all sorts should be avoided by professionals of all sorts.
The Graphic Artists’ Guild has a lot to say on the subject of contests & it is a worthwhile read.
In short, if you are a pro, you deserve to be paid for your work. Everyone who works for free or for too little hurts your entire industry - whatever that may be.
Wow. The number of people with less than positive comments is amazing! I guess these same people would comment that the writers of Sports Illustrated don’t focus on the negative side of being a pro athlete enough. Hello! Some of us read these postings for inspiration! You are the ones assuming that people are simpletons and will jump into this without serious thought. Sometimes just knowing you could is enough. Don’t always try to spoil things…………
Wow, Sierra, this is a wonderful article.
I am a law student and I have racked up a lot of debt only to realize that I don’t want to go into the law at all. I too, and apparently many others here, want to be a writer and it’s all I can think about. So if things don’t work out for me before graduation, I’ll be in the odd position of having to find a day-job that I’ll simply be expecting to quit! Hopefully it won’t come to that!
And one thing I’d like to note about your article. If your dream was to be a civil rights lawyer, going to a law class would be more likely to turn you off of your dream than give you a good idea of what it’s about!
Like you said, some jobs can’t really be test-driven; in that case, I’d recommend doing something that connects you emotionally (sit in on a trial) or personally (interview someone who does it for a living) with the career you’re thinking about. That will give you better information and motivate you (or demotivate you!) down the line.
Thanks again!
I agree with Landon, that man is not meant to be stuck in a cubicle! Props to you for making your writing a full time priority. It is great to hear that you are putting all your efforts into something you fully enjoy! Too many people are unhappy because they feel they are stuck doing a job they dislike, but with passion and commitment you really can be doing the things you love and making a living doing them.
Wow…this article is really inspiring. I do hope to one day break free of my “9-to-5″. My blog is the first step, but I have a LONGGG way to go. Thanks for the insight, I have a lot to think about!
A good book with more on the subject of how to build up slowly to the point where you can feel comfortable quitting your day job is “Escape from Cubicle Nation” by Pamela Slim. Great read — inspiring but extremely practical, too.
This is a great article that I plan on keeping in mind. I published my very first blog post this morning and I know that I’m on a long and exciting journey. My favorite points of this article are the point of changing your mindset to say “I am a writer” rather than saying that “I’d like to be a writer” as well as the points to keep in mind regarding “lifestyle inflation” and putting aside money to account for shifts in freelance income. Thanks for your insights Sierra!
This, like most other stories on GRS, is a an inspiring tale that makes one assumption that has unfortunately eluded me to this point. This assumption is that a person really knows what they want out of life–what they enjoy.
My wife (of two years) and I have been blessed beyond measure and have worked extremely hard to put ourselves in a debt-free position. We finally made our last mortgage payment in March and have almost rebuilt an appropriate emergency fund. Unfortunately, we have recently realized that a lifetime of working multiple jobs while scrimping and saving to pay off debt has led us into a sudden brick wall. We don’t know how to do anything other than scrimp and save! We have no hobbies, few friends at the same stage in life, and little real desire to change either of these things.
I know this is a problem that many GRS readers might like to have, but it is still a real problem. Our level of motivation has been so high up to this point, that the loss of a tangible goal is concerning. Work is still enjoyable, but available time is in short supply. Is there any help available? We knew how to be poor; we’re just having growing pains learning how to not be poor. What is the next goal? Where is the new fun?
Interesting post and comments! Also a lot of concerns about having a plan B.
First, based on my clients, I have noticed that it is best to GROW INTO A BUSINESS instead of GO INTO A BUSINESS. I think this agrees with the spirit of your original post. I know many people who are making a ton of money on the side jobs - but they still have the “security” of a day job. One friend of mine quit his day job 6 months ago after seeing his part time business pull in over 4 times his “job” income for years. NOt many of us want to risk it all.
Second, the question of “what if it does not work” is one with a lot of assumptions. You assume that after giving it a go you will be the same person. You assume that you will not have uncovered other opportunities. One client of mine went for it in a VC funded business. It did not work, but the connections he made have given him a great deal of work in other areas since then. He has never gone back to his plan B (which was to return to his old job) since he keeps finding new paths.
A lot of these issues are strictly fear. And the fear is real. A great resource for logically dealing with fear is Pamela Slims book “Escape from Cubicle Nation”.
I quit my job and made the leap. I was a designer but long to be a painter/artist. Saved some money, quit the job and will do freelance deisign to support myself while I paint.
Risky? Indeed. But life is sooo short and you can die anytime so you have to risk it all and chase your dream. There is nothing to fear but fear itself.
So it goes…
-dp
I only let go of my day job after I had a plan that would bring in sufficient income. Without it, I would have fallen flat on my face. It took me two years to clearly establish myself in my new career. I’m ever so glad I did it, but also glad for proper planning!