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Another one to quit...

Discussion in 'Investor Psychology' started by Omnidragon, 24th Oct, 2015.

  1. Omnidragon

    Omnidragon Well-Known Member

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    Inspired by Skater the other day, I put my boss on notice a few days ago.

    I haven't quite planned when I'll walk, but effectively told him I think I'm at the end of a journey here by year's end.

    We had a discussion about how we could make this work (usual suspects - promotions, pay rises etc), and while I said I appreciate him offering and am happy to explore all that, I don't think it's going to make a substantial difference to my mindset either way, as it's gotten to a point where going to work for 40 hours for what I earn is no longer rewarding physically, mentally or practically. Nor am I happy to work harder at say 65 hours a week for someone for another 20-30 years in the hopes of being a more senior executive one day.

    I thought it was just good timing. I've just turned 30. I'm either going to do something more interesting now or never. I also felt in the past few years that going to work was sapping my energy and demotivating me; it was actually a drain to work for someone. While having a secure income is great, it's a capped form of security, and with it came a huge opportunity cost.

    Going forward, I probably wouldn't quite use the word 'retired', as I still have flare and like to see where things can end up.

    This forum's been a fun forum all these years. And while I don't 't find it as resourceful as some do, it's a good pastime and visiting here was probably just about one of the few more enjoyable things during a workday.

    So with that said, wishing everyone else here happy investing.
     
    Last edited: 24th Oct, 2015
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  2. Xenia

    Xenia Adelaide Property Manager Business Member

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    Building a dream, owning your own business is the best thing ever. I work harder than my employees but the rewards are continuous
     
  3. D.T.

    D.T. Adelaide Property Manager Business Member

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    Good on you; I left my job earlier this year and its a very freeing feeling that I recommend to all.

    There comes a time when fitting in working for someone else no longer fits in your schedule.

    30 is a pretty good age - gives you time to explore plenty of other ideas. Best of luck :)
     
  4. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    I quit my job at age 29 (7 years ago) to start my business, welcome aboard
     
  5. bob shovel

    bob shovel Well-Known Member

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    I milked a redundancy from a company I disliked when I was 30 so that my wife could go to work! I'm a top bloke!

    Good for you! You won't look back
     
  6. Blacky

    Blacky Well-Known Member

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    omni - do you have a plan? or have you just had enough and are walking? Figure the rest out as it comes?

    Congratulations btw. Must be a great feeling.

    Blacky
     
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  7. Tim86

    Tim86 Well-Known Member

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    I love my day job, but I wish I could do less hours per week. I think next year I should be able to drop down 8 hours a week so I'm only at work for 28hrs per week. Then I'm going to buy a boat and sail and play video games with all my spare time :D
     
  8. WattleIdo

    WattleIdo renovating Premium Member

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    30 - you've got so much ahead of you. Good on you.
     
  9. The Butler

    The Butler Well-Known Member

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    Hey Omni -ru DeltaBerry from ss?.
    If so life must be good to be walking away from a secure 300k plus a year.
    Hope you stick around and fill us n on your new adventures. Have always found your posts regarding inner city CIPS and forex in particular interesting - even if outa my league.
    All the best.
     
  10. Danieljk101

    Danieljk101 Active Member

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    Most people don't like their job. We do it for money...

    I am also 30 but you won't see me quiting tomorrow because I'm not doing my dream job.

    You could strive to be that 1% that actually succeed at doing their dream job, or you could just knuckle down and earn some money..
     
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  11. Blacky

    Blacky Well-Known Member

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    Or you could fail at something you don't like doing.
     
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  12. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Good on you.

    A lot of people talk about how much they despise their job - but not a lot of people do something about it.

    It's cliche but we're really only around for a short while - so spending a significant portion of life working in a sucky job is insane.

    Having said that - it's not always easy to leave the comfort of that sucky job. If it wasn't for my wife pushing me - I'd still be in my old role. Probably ironing my shirts for the week right now while getting angry at the idea that Monday is one sleep away.
     
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  13. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Seems like 30 is a common age to make the change.
    I too quit my job at 30, 10 years ago now to run a business full time.
    I quit for all the same reasons you did, but also that my start up biz of a few months was earning about 5 times my wage and I had no time to work for a boss. Essentially I was forced to quit.

    It's all good to quit, as long as you either have a plan or funds available to take you to the next level.
     
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  14. jins13

    jins13 Well-Known Member

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    Damn I am behind and still yet to quit my job.

    Congratulations on taking the plunge!
     
  15. Agent99

    Agent99 Well-Known Member

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    Hmmm, I'm too old to quit my job !!
     
  16. Omnidragon

    Omnidragon Well-Known Member

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    Thanks for well wishes. Just replying generally.

    Yes I am Delta (very good pick not sure how you worked it out)

    No particular plans at this stage, have various investment ideas in mind so will see how they go. The passive has replaced the income so the decision comes easier.

    Lots of comments about businesses ~ I presume people mean an active business. Not really my forte and as some said lots of effort so not sure I'm game for it.

    Good to see so many people do the same to be honest.

    On the point of knuckling down, that's a valid point. It probably comes down to are you comfortable with what you can or are earning outside and your buffer.

    A start up earning 5x my current gig would he nice.
     
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  17. skater

    skater Capitalist Premium Member

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    Congratulations! Life is too short to spend 8 (or more) hours a day slogging away at work. There's so much more to see, do etc.
     
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  18. Blacky

    Blacky Well-Known Member

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    Congrats. When you are on a wicket such that you are it is easy to go for 'just one more year'.

    Enjoy your time off. I have heard it takes at least 1year off work before you settle into the no work routine. Not sure how true this is, but it would be nice to discover if its true or not.

    Blacky
     
  19. WattleIdo

    WattleIdo renovating Premium Member

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    You told us in another thread. I think skater's retirement one.
    Reckon we should start an 'I quit' thread. Very contagious. I also want to quit but not quite there yet. Guess I've become the typical 9-5 slave. :(
     
  20. MsAli

    MsAli Well-Known Member Premium Member

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    Congratulations! Good decision and timing!!