I Quit My Job With No Backup Plan And Here’s What I Learned
78,436
Published 2023-07-07
If you would like to support my channel!: www.buymeacoffee.com/williamsauQ
Mint Mobile (save on your cell phone): mint-mobile.58dp.net/rn6rJQ
My Favorite Personal Finance Books
Your Money or Your Life: amzn.to/3VExSUV
The Simple Path to Wealth: amzn.to/3RODWJp
Die With Zero: amzn.to/4bjwQ6D
Chapters
00:00 I Quit A Year Ago
01:35 It Is Extremely Hard To Make It On Your Own
03:47 You Enter A World Of Uncertainty
06:33 Your Work Becomes Your Life
08:52 This Uncertain Path Is 100% Worth It
Many people have the dream of quitting their job to pursue their own passion in life; however, very few people actually do it. I can boldly say that I am among the the few that has actually quit their job to try to make it on my own. In this past year, I have learned that the concept of quitting your job to follow your passion is a lot different than how most people imagine. In this video, I share four different lessons I have learned this past year from quitting my job and trying to make it on my own.
1. It Is Extremely Hard To Make It On Your Own
Although being an employee of a company isn't always enjoyable, there are many benefits of working as an employee for a company like a predictable paycheck, a set schedule, a defined role, benefits, and your employer takes out your taxes. All of these benefits make you not have to worry about so many things besides doing your job. Whereas, when you become self-employed, income becomes unpredictable, you're always working, you have no guidance, you have to figure out your own benefits, and you need help from an accountant. If you decide to pursue your own path, you are putting a bunch of extra pressures on yourself that make your work harder.
2. You Enter A World Of Uncertainty
When you decide to quit your job, you enter this world of uncertainty where you can't plan out your life as much. The future becomes more unknown so you have to put certain life moves on hold, the future of your career isn't clear, and you generally can't think in the future. Living in such an uncertain world can be scary as you never know what is going to happen and many people could probably not handle living with this amount of uncertainty. If you decide to pursue your own path, you enter a very uncertain world.
3. Your Work Becomes Your Life
If you want to build something on your own, there has to be this component of obsession in order to succeed. You can't come in with the mindset of just wanting to try things out and see what happens, but you really have to be ambitious and motivated in order to have a 1% chance of it working out. It will only work if you take the steps to make it work. And when you live with this attitude, your work and your life become intertwined, which comes with many sacrifices. If you decide to pursue your own path, work becomes a huge part of your life and for many people, the sacrifices might not be worth it.
4. This Uncertain Path Is 100% Worth It
This past year of being self employed has been difficult full of many challenges and a lot of learning. And although it has been difficult, the experience has made me a stronger, bolder person. When you choose to take a chance and pursue your own path, you end up challenging yourself and learning things that you can only learn if you put yourself in a sink or swim situation. If you are considering quitting your job to pursue your own thing, there are many things to consider. It isn't as glamorous as many people describe. In my experience, however, it has been 100% worth it.
**Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. **
All Comments (21)
-
What path is right for you: A predictable job or being self employed?
-
Uncertainty is still better than being miserable. Most heart attacks happen on Monday mornings because you are going to a job that you don't like and feel trapped in.
-
Truly it’s easier to quit a job when no one else is dependent on you for income. Like kids
-
I don't have a job yet but I'm going to say this. I'd rather to try stuff on my own without a clear path than to be in a job where the environment is toxic!
-
I quit this morning, wish me luck
-
I work part time I have no debt and choose minimal living it suits me ie the less I have the less worry I have it frees my mind and I found I don’t need much to be happy, I don’t even wish I had money it’s simply meaningless to me as I know I came into this world with nothing and all I will leave are hopefully the good memories to the ppl I love ❤️ ✌️
-
I retired in January at 56 years old. No stress, blood pressure down, more focused and above all more relaxed. A good 8 hours sleep does wonders for your health. Started a YouTube channel to give me an additional hobby to pursue. Great video, keep up the good work.
-
Going through this now. Took a “stable” job with “good salary” and it led to a year and a half working for a sadistic boss who emotionally abused me daily and eventually fired me anyway despite me grinding 10 hrs a day. I’m 44 and no longer want to accept that kind of “stability.” I wish I quit long before they canned me.
-
Uncertainty is better than never ending misery
-
Love the honesty and number 4!!! I smiled when you spoke of how the outcome becomes less important than the journey. The present moment is everything.
-
I walked off the job in January. I now work a part time job on Monday and Tuesday as a welder. The rest of the week is spent self employed. So far things are going well. There have been ups and downs and days I question what I’m going lol but I don’t see myself going back to a full time employee. This is my 2nd attempt at this so obviously I failed the first round because I wasn’t ready and didn’t realize all that is involved. This time I don’t want to fail!
-
I retired at 57 years old. It's been 3 years now with no regrets.
-
Self-employed... and it's quite the paradox when you think about all the work, the time, the personal investment and yet I've never felt so free. Thank you for this great video !
-
I did quit my job at 28 years old and never had a full time job since. My wife and I decided to work 15-20 hours a week. We are now 60 and very happy! It taught us to live a simple and valuable life
-
You are such an inspiration and so strong Austin! Keep up the amazing videos, I love your transparency and down to earth advice each week.
-
I go through all your episodes, I'm hooked!!! 😀 I'm saving to be free from work. Thank you for your time and wisdom, you are fantastic! Greetings from Gotland in Sweden
-
Being a self-employed musician is a tough way to make a living. I spend hours wearing so many hats (marketing, scheduling, keeping track of payments, practicing, adding new music). But I'd rather work 7 days a week doing music than to work a non-music related 9-5 job being miserable.
-
Keep up the good work. I love watching you videos. I am retired and loving it. You have a lot of great advise. :)
-
This was great! I pursued a business. It failed. Went back to work. Now I’m ready to go at it again. I want to go win for my family more than anything and through the grace of God this will work out for me and my family! Blessings to you! I will be taking another leap of faith in the new future!
-
Uncertainty does not work for me, and I love comfort. Kudos to those with the core strength to live in uncertainty to live in the present. Mad respect.
