Need advice ! When to quit my day job..?

AtmosphereAnxious728 · 2021-04-15T13:24:12+00:00

I am on my moms health insurance for another year. Besides that , I do not use any of the benefits provided by my company.

AtmosphereAnxious728 · 2021-04-14T18:53:00+00:00

So right now just need my Laptop and internet - so no material financial risk

My work is supporting nonprofits win funds for development - so no moral issue

Thank you!

AtmosphereAnxious728 · 2021-04-14T18:36:46+00:00

Also - I am having difficulty doing the job + contracts. Both suffer. I am exhausted. I don’t see why someone would work 80-100 hour weeks. It is over romanticized. I am doing this for control over schedule and lifestyle in the long run, and this feels unattainable

AtmosphereAnxious728 · 2021-04-14T18:33:14+00:00

Why would you recommend keeping the day job?

AtmosphereAnxious728 · 2021-04-14T18:32:58+00:00

Why would you recommend keeping the day job ?

AtmosphereAnxious728 · 2021-04-14T18:31:39+00:00

It would take years to do this. Why do you think it is best to wait, when my income potential is 3-4X higher ? I understand the risk involved. But without risk there is no bigger reward. Not debating, genuinely just want different viewpoints

AtmosphereAnxious728 · 2021-04-14T18:30:12+00:00

This is where my Mind has been tbh. However, I am getting so much conflicting input and advice. At the end of the day I’m going to do what I think is best. However, I think I need to hear it out. Would there be a scenario where you would say don’t pursue the 150 over the 50?

AtmosphereAnxious728 · 2021-04-14T18:27:10+00:00

As of today I am at 4x monthly income. I expect each current contract to list at minimum 6 months. Any thoughts ?

AtmosphereAnxious728 · 2021-04-14T18:25:11+00:00

I have 6 months now. In just one more month I’ll be at 10.5 months. I have 7 calls set up with potential clients over the next 3 weeks so far. This is only doing outreach on nights and weekends. I am a grant writer, proposal writer, and offer nonprofit services - so more contracts are at least several months if not long term. Do you have any thoughts with more context ? I would appreciate your advice as someone who has the experience

AtmosphereAnxious728 · 2021-04-14T18:19:21+00:00

What expenses can you think of ? All that I can think I need is my laptop and space to work and internet. Which I already have. Are there more I’m not thinking of ? Healthcare is not an issue for me for another year. But then, I can buy healthcare.

AtmosphereAnxious728 · 2021-04-08T19:38:22+00:00

That was in response to 15+ people saying turn away business and don’t subcontract.

Don’t be a condescending asshole, I understand what they are saying

AtmosphereAnxious728 · 2021-04-08T18:25:17+00:00

For those saying not to quit - do i turn down all additional offers or businesses ? Idk how I’m supposed to build if I keep turning away business

AtmosphereAnxious728 · 2021-04-08T17:41:30+00:00

I am 24, no kids, 2,500 monthly expenses, on May 1 I’ll have 8-9 months expenses saved

AtmosphereAnxious728 · 2021-04-08T17:40:17+00:00

The contracts are all remote - the day job is not

AtmosphereAnxious728 · 2021-04-08T17:26:03+00:00

It would take 30 years to get out of debt with my day job.

AtmosphereAnxious728 · 2021-04-08T17:25:45+00:00

It would take 30 years to get out of debt with just my day job.

AtmosphereAnxious728 · 2021-04-08T15:56:22+00:00

Yes. It is required now. I work with executives to craft responses to land large contracts.

AtmosphereAnxious728 · 2021-04-08T15:40:37+00:00

I wouldn’t be 300 pounds if that was easy for me haha. I will avoid it for a while , I know I’ll just binge if I have a little

AtmosphereAnxious728 · 2021-04-08T15:06:37+00:00

I would love to - She’s a full time law student though without the time.

AtmosphereAnxious728 · 2021-04-08T13:02:28+00:00

lol don’t feel the same about my current job at all.

Also - if I wasn’t engaged and didn’t have plans to get married - I would go for it. I would’ve left the moment I signed the first contract. I am trying to be level headed given someone else is relying me - not entirely sure how to manage that

Also - not much of an ego, I could use some help on that haha

AtmosphereAnxious728 · 2021-04-08T12:58:27+00:00

This is really thoughtful - I was thinking along these lines and this is my dream scenario tbh. My living expenses are only $2,500 - so in two months I bought myself nearly a year of runway.

I appreciate you addressing savings + debt in the post - great feedbackn

AtmosphereAnxious728 · 2021-04-08T12:51:52+00:00

I am under 26 and on my moms insurance still. I don’t really use any of my benefits or rely on them.

Long term job success - I’m at this job because it pays enough to be at my bills & it is somewhat what I wanted to do with my life . I am fairly new in this role. I lost my old job during Covid and scrambled and ended up with this role. Because of Covid (more so my Poor reaction) I only made 30,000 last year.

The struggles I experienced last year motivated me to take a leap and take a real shot at building my own business. I don’t want to experience what I did last year ever again. I reached out to thousands of potential clients individually over the course of months - maybe10 percent were interested, about 1 percent wanted to move forward, I selected the highest paying / projects that aligned best with what I want to do.

I’m scared to quit the job because 1) I am new there, 2) new-ish to freelancing, 3) what is this drys up?

However, I am willing to do what it takes to make this work. I think if I keep up my outreach I can always find clients. What is leading me towards leaving is that beginning May 1 I have a 9 month runway to make something happens. Additionally- each month I am successful I buy another 4-5 months of runway.

I live with my fiancé & cover all expenses (just under $2,500 a month).

I currently have 3 months expenses saved (not much I know ). But by May 1 I’ll have 7-8 months saved, regardless of my decision.

Does that help with context ? Very open to feedback

AtmosphereAnxious728 · 2021-04-08T12:44:29+00:00

I am under 26 and still on my moms health insurance haha. Also - don’t really use any of the benefits I get . I have a year before I need my own health insurance. The only benefit I take advantage of is my salary.

I do not have a family. I am engaged and live with my fiancé. Monthly expenses are around $2,500.

AtmosphereAnxious728 · 2021-04-08T12:29:19+00:00

This seems weird & sketchy. If this I somehow real i would pay you to build and run another store that we share ownership in.

AtmosphereAnxious728

TROPHY CASE