Some people think earning a decent wage requires sitting behind a desk for 8 to 10 hours a day. This couldn’t be farther from the truth. I know this for a fact because I haven’t held a traditional job since December 2001.
This doesn’t mean I lie in bed watching television all day. I still work, just not for an employer.
I’ve spoken with many people who would love to quit their jobs and do something else to generate income. Some people expressed an interest in becoming a freelance writer like myself, whereas others wanted to turn a hobby into a business. I always encourage these ones to make it happen, but I also warn that earning a livable income without a traditional job doesn’t happen overnight.
I had a job prior to becoming a full-fledged freelance writer. For two years I juggled a job and freelance writing. I worked during the day and wrote articles in the evenings and over the weekends. I was definitely burning the candle on both ends. But I was determined to build my client base to a point where I didn’t need a job anymore. After two years, I was job-free.
Now, I’m not suggesting that everyone run out and quit their boss. But there are good reasons to quit your job, and never get another job again.
Make no mistake, quitting your job isn’t without its own stresses. But I do believe that once you reach a point where you no longer need a job, you’ll have zero regrets. Here are four reasons to never get a job again.
You Won’t Have a Salary Cap
If you want to limit your financial security, get a job. When you work for a company, your boss has the final say in how much you bring home. Even if you perform well and receive raises, you’ll eventually hit a salary cap.
When you don’t have a job in the traditional sense, your income can grow from month to month or year to year. If you want to give yourself a raise, all you have to do is get another client or take on additional work. As a freelance writer, understandably, there’s only so much work I can take on myself. But unlike an employee, I set my rate. As my skill and experience level increases, so does my per word rate. I can enjoy a salary bump without taking on too much work.
You Can’t Put a Price on Freedom
As an employee, you might have one or two weeks of vacation time every year. But at the end of the day, there is absolutely no freedom when you work for someone else. You can’t schedule a doctor’s appointment or attend your kid’s daytime school event without requesting time off—and there’s always a chance that your job will say no.
One of the best things I love about being job-free is the ability to come and go as I please. I have a daily schedule, but I’m also flexible and I can adjust this schedule without asking for permission.
You Might Work Less, But Earn More
It might take 40 hours at a job to earn $700. But when you do your own thing, you can possibly make this much in half the time. An employer has a lot of overhead expenses. He has payroll, building expenses, plus his own salary. And unfortunately, employees only receive a small percentage of income generated by a company.
When you work for yourself and control your income, you get to keep the majority of the money. You’ll have to pay taxes on this income and maybe buy supplies, but even after paying taxes, you’ll probably make out better than an employee.
You Have What It Takes to Make It
Before we go any further, let’s be clear: not everyone has what it takes to quit their job. Therefore, you should only quit your job if you’re determined and motivated to keep yourself afloat financially. Are you prepared to sacrifice your free time in the beginning as you build your income? Are you organized? Do you have the stomach to deal with income fluctuations? This life isn’t all sunshine and roses. I wouldn’t say it’s a hard life, but it definitely takes effort and commitment.
Look around and you’ll see living proof that you don’t need a 9-to-5 to survive. Chances are you know at least one person who doesn’t rely on a job. Talk to this person and get advice. Not to mention there’s a plethora of information available online on how to live a job-free life. Do your research, come up with a game plan and start plotting your exit from work.