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Sounds like you are on the right path. And I’m fascinated by your purchase of other websites to grab income.
You’ll figure this out. If I may, some suggestions:
- make sure you stay in shape and exercise every day. Healthy is prerequisite to happy.
- exercise your idea muscle. Either write or list ideas every day (about anything. doesnt matter)
- emotional (don’t let the free time bog you down in anything emotional)
- spiritual – be grateful for everything you have. and then grateful again.
if this all sounds pedantic, i apologize. i want this to be the best time in your life and i’m envious of the exhiliarating jump you are taking.
Thank you so much James for commenting! I read your blog a lot and I agree with a lot of it. I will definitely write more after I quit. I will have more time to write and build stuff I actually care about. I realized that I just don’t care about working for others anymore. If I have to do it again I’ll do it, but hopefully it will not come to that.
Purchasing websites is just like purchasing any business. It’s a small alternative investment right now and it’s not hard to get into it with a small amount of capital. I am still learning and testing the waters. You can find a lot of information at flippa.com if you’re interested in reading about it. It’s fun to find a gem with a low buy it now price and snatch it up. Anyway, I should go to sleep now since I still have to finish up one more release. Hopefully it is the last one for any employer.
very good start. we always support you.
I also work for “The Man”. I would like to be in charge of my own destiny. You have inspired me to write my own blog and maybe buy a web site. Thanks for the info on buying a web site. I will pass on your latest Blog to my oldest son. He has graduated from college and cannot find a decent job. Where can I find info on starting a Blog that can generate income.
I really enjoy your Blog because you include your family. We have three boys. I agree spending time with your family is important. The more time you spend with your kids, the more likely your children will become successful.
I find this a little hard to believe. You quit $100,000/year job to micromanage a $14,000 hobby? This doesn’t add up.
If I was in your position, I would try to find a firm that will work with you to achieve the hours and responsibilities you are comfortable with. Even a part-time role at 25 hours/week and $50,000 beats this website hobby hands-down.
Joe, you obviously didn’t read my post. If I got a part time gig at 25 hours/week and earned 50,000 a year, I’d be taking almost nothing home. Right now I pay for 25 hours/week in childcare and that’s 1000/month. Also, my income is taxed at the highest marginal rate above my husband’s income. So 50k is automatically 25k, and then you subtract the childcare then there’s 12k a year left. If I put more time into my online business I could earn much more than that.
I am currently making plans to throw myself into the abyss as well! Sometimes, you’ve just got to go with your gut and do something drastic. I, too, am looking at the numbers. I realize that I could be doing what I love on my own time while making more money. What a concept! Thanks for the inspiration!
Yeah for the abyss! I’ve lived here for 3+ years, and I would not ever be able to go back!!! Congrats!
I also just took the plunge into the abyss and your post was extremely refreshing. I’m a twentysomething with a not so high profile former job like yours but still the feelings you shared resonated the emotions and thoughts I had… I served my last day on the 15th as well and am taking the time to purposefully take a pause and reevaluate stuff… Anyway, I’m on a budget though so I guess the soul searching has a certain deadline… But hey, good luck to us!
Congrats for doing the math and figuring out that time is worth more than money.
Your kids will grow up faster than you will ever believe. The time you invest in them from will pay off for the rest of their lives.
You will have less stress and more connection to self, kids and spouse.
ENJOY! The best things in life are not things. I’ve been a stay-at-home mom and an employed mom later on. My husband walked away from a big job like yours — he’ll NEVER go back.
Bravo BagLady! Welcome to the club! I am hoping we can see each other again before the year is up and compare notes. Your business plan sounds highly intriguing. Would love to hear about your progress.
I loved your post. I’m always exploring ways people bring in extra income or build their own preferably non-traditional businesses. Your method is one that you don’t see on the standard “start your own business” or “work from home” websites. Good luck and keep us updated on your progress.
Some people don’t get the math. I am marching towards the same abyss as well. It’s been almost 2 months for you. Hope it’s working out.
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