POST OF THE DAY
Living Below Your Means
I'm Quiting My Job Today

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By WyldSide
July 10, 2003

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Good morning Fellow Fools, I have an announcement, and a request of your support.

I am quitting the best job I have ever had. It pays well, my hours are pretty flexible and I have a great boss. Its theoretically wonderful. You wanna know what I do for a living?

I fire people. That's my job, every time I read a post about someone getting laid off and having to walk into a conference room, I think that the person sitting on the other side of the table is very often me. I'm the guy who get to do the speech: "As you know, times are tough and we've decided to implement some cost saving procedures, blah blah blah, ad nauseum." So much like the guy from office space, "I don't think I want to go anymore."

So, I sat down last night with a pen and paper and I did the math. Here is it;

Expenses: $1150 / month
Liabilities/Debt: $0
E-Fund $4000
Equities $30,000
Small Business Income: $500/month.

My math is that assuming for no significant changes (financial, health, so on) that I have 2 1/2 years to grow my small business to a size that supports my expenses. Keep in mind I'm 25, no family to support; I live very LBYM, very frugal.

I'm a little scared, my stomach wont settle down. It's hard to let go of a paycheck, even if its attached to a job you hate. I cant get out of my head a handful of quotes that I have gathered over the years that helps me during moments like this;

"Risk, risk anything. Care no more for the opinion of others, for those voices. Do the hardest thing on earth for you. Act for yourself, Face the truth"

"It is not the critic who counts, not the man who points out how the strong man stumbles of where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again because there is no effort without error and shortcomings, who knows the great devotion, who spends himself in a worthy cause, who at his best knows in the ends the high achievement of triumph and who at worst, if he fails while daring greatly, knows his place shall never be with those timid and cold souls who know neither victory nor defeat. - Theodore Roosevelt."

So, here it is. I need this community's support. I am asking, requesting and begging for advice, comments, support and, recommendations. I figure that amongst all you brilliant people that you have some words of advice for one of the most difficult decisions of my life.

I can live with failing, but I can't live with not trying.

Thanks in advance

- WyldSide


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