Comments on: How To Quit A Job: Give Yourself A Notice http://cashoutlife.com/how-to-quit-a-job-give-yourself-a-notice/ Cashing out for a simpler life Wed, 17 Feb 2010 19:52:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: How to Quit a Job | Frugal Dad http://cashoutlife.com/how-to-quit-a-job-give-yourself-a-notice/comment-page-1/#comment-200 How to Quit a Job | Frugal Dad Wed, 23 Dec 2009 21:21:23 +0000 http://cashoutlife.com/?p=58#comment-200 [...] you make.  Only you have the ability to determine the path your life follows.  Taking the risk of quitting a job is a risk many are unwilling to take, no matter how unhappy they are with their jobs.  There [...] [...] you make.  Only you have the ability to determine the path your life follows.  Taking the risk of quitting a job is a risk many are unwilling to take, no matter how unhappy they are with their jobs.  There [...]

]]> By: Roger http://cashoutlife.com/how-to-quit-a-job-give-yourself-a-notice/comment-page-1/#comment-45 Roger Thu, 03 Sep 2009 00:26:12 +0000 http://cashoutlife.com/?p=58#comment-45 Giving yourself a deadline is a good idea, and a decent way to keep yourself motivated. Still, I think that a one year deadline is probably a bit short, unless you already have substantial savings and investments for this purpose. If you are starting from essentially nothing saved or invested, I'd say giving yourself at least five to ten years to meet your goal is a more reasonable estimate. That said, I don't know your finances, and perhaps you are within a year of retiring, after all. In either event, good luck, and keep us posted on your progress. Giving yourself a deadline is a good idea, and a decent way to keep yourself motivated. Still, I think that a one year deadline is probably a bit short, unless you already have substantial savings and investments for this purpose. If you are starting from essentially nothing saved or invested, I’d say giving yourself at least five to ten years to meet your goal is a more reasonable estimate.

That said, I don’t know your finances, and perhaps you are within a year of retiring, after all. In either event, good luck, and keep us posted on your progress.

]]> By: Luke Grand http://cashoutlife.com/how-to-quit-a-job-give-yourself-a-notice/comment-page-1/#comment-40 Luke Grand Tue, 25 Aug 2009 16:18:05 +0000 http://cashoutlife.com/?p=58#comment-40 @frugalgrad: The ideal way to do it is to build up a portfolio of passive income, and part-time active income, to the point it nearly compensates for your current full-time income. Easier said than done, I know. I'm trying to get a couple of ventures going now with the idea that by the time I reach my deadline I should be able to quit my job without noticing too big a hit in income, or taking on much additional risk. Besides, with layoffs always looming, there is just as much risk associated with having a full-time job and no backup plan. @frugalgrad: The ideal way to do it is to build up a portfolio of passive income, and part-time active income, to the point it nearly compensates for your current full-time income. Easier said than done, I know.

I’m trying to get a couple of ventures going now with the idea that by the time I reach my deadline I should be able to quit my job without noticing too big a hit in income, or taking on much additional risk. Besides, with layoffs always looming, there is just as much risk associated with having a full-time job and no backup plan.

]]> By: frugalgrad http://cashoutlife.com/how-to-quit-a-job-give-yourself-a-notice/comment-page-1/#comment-39 frugalgrad Sun, 23 Aug 2009 19:32:48 +0000 http://cashoutlife.com/?p=58#comment-39 Pardon me for asking this, how do you gather enough courage to leave the stability and benefit of your current job to pursue your own venture when you are not sure if it will be a successful or not? One bird at hand worth two in the bush, right? I imagine it would be hard since you have a family to support. If I am in your situation, I may not have enough courage to quit, not unless my own business is so stable that it can provide full-time income for my family. Nevertheless, you know what's best for you, so good luck on your venture. Pardon me for asking this, how do you gather enough courage to leave the stability and benefit of your current job to pursue your own venture when you are not sure if it will be a successful or not? One bird at hand worth two in the bush, right? I imagine it would be hard since you have a family to support. If I am in your situation, I may not have enough courage to quit, not unless my own business is so stable that it can provide full-time income for my family. Nevertheless, you know what’s best for you, so good luck on your venture.

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