This post is part of a 30 days series called the 30 steps program to financial independence. You can check the list of other posts here.
I remember very clearly the last time I sent a recorded, signed-for delivery letter to my boss. Christmas day 2009. He must have had a good one! I really hated him in the end, for various reasons, mostly because he and another colleague were pressuring me, harassing me, and went all the way to placing webcams on top of my head to check on my every move when working.
So that Christmas day, I felt a heavy weight lifted off my shoulders. I was soooo happy! I had been looking for that day for months. I had done it pretty well. I had carefully planed to work enough to get steady paychecks for the bank to let me borrow money to buy a flat. I had rented said flat to generate passive income. I had grown my freelance writing to a point that was almost what I was making at my day job. And considering all the savings not having to work would incur, starting by not having to live in dear United Kingdom anymore, I would have more money at the end of the month than when I used to work for those horrible people!
Quitting your day job might be so far away in the future that you haven’t thought about it yet. Why should you? Well for starters, imagine what you would do if you didn’t have to go to work today. Anything you want! Work on a personal project, go for a run, travel the world, visit some friends… Nice isn’t it? Would you like that freedom? If you have been reading this blog and that series, I can only assume so.
Quitting your job shouldn’t be done without a lot of thoughts and planning, unless you are ready for a bumpy ride. You should have figured out how you will pay the bills, put a roof over your head and food on the table.
For me, it meant going to live in a cheaper country (I moved to Morocco), living simply and enjoying the sun after 3 years in Britain. My passive income and freelancing checks would more than cover for that. But what if freelancing stopped? It would still be feasible, although not as comfortable. I would have to cut on certain things, like going out and traveling, or find other clients.
Nothing to be afraid of. Though for some people it would keep them awake at night.