I’ve had a lot of thoughts running through my head recently as a result of this decision. So many that I’ve had a hard time sleeping at night as I lie awake trying to fully piece together the direction I want to go in. You see, It’s not all black and white. Even as I make decisions from my gut, I still feel very much as if I’m in the grey zone. What exactly do I mean? Well, to paint a clear picture, I quit my full-time job when I was at a point where my side business started making more money than the full-time salary I was getting paid. However, I still don’t know where to go from here at this exact moment in time. I have a lot of options, and have even had to turn some business down while I get my house in order. That’s the grey zone.
Truth is, I became really unhappy where I was for many reasons that I won’t delve into here. What I can say is I 100% believe with no hedge that nobody should trust one outlet as their sole source of income. Diversification is absolutely key, and is so important that every damn school in America should be teaching this basic financial skill from a younger age. Yes, even if you like your 9-5. The reality is the company you work for can fire you tomorrow without just-cause. Yet business culture today states you should give a 2-week notice prior to departure, and if you excelled at your job will even ask for a longer notice as some sort of courtesy? Bullshit.
In the traditional career path, there comes a point in time where growth up the “corporate ladder” offers diminishing returns for yourself as companies reap more and more reward. In my opinion, a Sr. level contributor is that top rung. Why? Once you move into a director role, the increased level of responsibility that comes with the job far outweighs the minute increase in salary. James Altucher said this best in his book “The Choose Yourself Guide to Wealth.” Surely there must be a better way? Well, that’s the same position I found myself in before I chose to carve my own path.
Another truth is, I’ve always wanted to be self-employed. To the point where I put it on a pedestal and always found myself asking the question “Will I ever be able to make this happen?” The reality is, if you don’t make your own choices, somebody else will make them for you. Don’t put yourself in a position where you’re not in control. I’ve spent the past 2 years building my side-business up enough to the point where I could make the jump. Then one day it seemed as though the moon and the stars aligned and I was able to make it happen. I wasn’t planning on making my move on a certain date as everything came together so quickly that I was mentally stunned that something I had been pursuing for so long became available right before my eyes. I have to give my father a lot of credit, who started his own company with no customers while trying to support a family of four. Here I am already making more money than the salary from my full time job and I was STILL unsure if now was the right time to make the jump. This was one of the realizations that pushed me to make the leap.
So what will I be doing you ask? Again, to reference the importance I place on diversification, I’ll be involved in a number of ventures:
- Day Trading
- Consulting company
- Running an eCommerce business
I’ve had a couple people reach out to me about my trading strategy. If you’d like to know more about my approach, contact me at email@example.com. When I think back to the earlier days of my career, I constantly found myself trying to think of an idea I cared about enough to start a business out of it. I had many good ideas, but ideas are shit and I wasn’t emotionally vested enough to pursue any one path. I attribute this as my top reason for sticking to a safer career path.
Then I realized that was bullshit too. Here I was, trying to think of some sort of magic idea when all along I had the business acumen, experience, and skills to execute on projects I was already working on! There was really no need for me to look elsewhere because the key is starting today. I can always pivot or branch out to other projects later.
There have been a lot of transferrable skills that I’ve developed over the years while working for an employer that I apply daily in my own projects. I have past experience to thank for this. At the same time, working for an employer gives you the opportunity to build relationships and show value. Invest for the long term and start today. The reality is, I have to turn consulting projects down on a monthly basis simply because their budget is either too low or there isn’t enough of me to go around. This gives me the optimism that I’m on to something here and could eventually build a team to support the vision I have in my head. For now though, I chose to take the first step and am excited about the road ahead.