Everyone dreams of quitting their mundane day job and spending their life earning an income from doing something that they love. And, the amount of people who turn their back on the 9-5 lifestyle and become their own boss doing something that they enjoy is on the rise. But, how can you achieve this type of lifestyle for yourself? Quitting your day job to do something you’re passionate about will take a lot of preparation and dedication, but it can certainly be worth it. Here are some ideas to help you along your way.
#1. Change Your Mindset:
One of the most common factors for people who successfully quit their regular job and are now enjoying creating their own career paths is that they changed their mindset. Many successful business owners, freelancers, and other self-employed individuals say that the first step was to quit thinking like an employee. Your connection to your current career or job status could be stronger than you think.
#2. Save Money:
For many people, the largest obstacle that stands between them and their dream lifestyle is a lack of sustainable income. You’re less likely to worry about covering your expenses if you prepare wisely, save money, and cut your regular expenses down as much as possible. For example, switch to a cheaper car or cycle instead, cancel your cable TV and use Netflix, and shop around to make sure that you’re getting the best deals on heating and cooling your home. Put as much as possible into an emergency fund, to give you peace of mind when you embark on your new venture.
#3. Find Your Passions:
Some people are absolutely sure of their passions, but for others, working out what excites them enough to make a career out of it can be tough. If you’re one of the many people who struggle to identify their purpose in life throughout adulthood, the good news is that there are ways for you to identify your passions and even find new ones. For example, think back to what you enjoyed as a child – as a kid, your interests are more likely to be genuine because you followed them naturally without adult strategic thinking. If you are interested in or intrigued by something as an adult, then try it! There’s nothing wrong with trying different things until you find something you love.
#4. Make It Happen:
Remember that there’s no ‘right’ or ‘wrong’ time to quit your day job and pursue your life’s passions, but it’s got to be done at some point to get you to the next step. Ideally, you should time your life transition for a point where you have determined what you’re going to pursue as an alternative and have some money put aside. You may also want to start a side hustle – selling online, investing, or part-time freelancing are good choices. This will help you ease yourself through the change. Dividend Mantra has some excellent advice on achieving financial independence with an auxiliary fund – view website here.