It took me two years to engineer my own layoff because I was concerned and didn’t know how. There were no resources on the market that could guide me to quit my job with money in my pocket. What was I supposed to say, “Hey Boss! If you give me $200,000 I’m outta here!” over coffee one morning?
What if I quit and my bank account goes dry in six months? What if I can’t find a new job in a new industry that I really love? What if my entrepreneurial endeavors fail miserably and some exogenous variable knocks me out for the count? What if I turn into a deadbeat with no more motivation to do anything again?
I didn’t hate my job, I just didn’t love it anymore like I once did 13 years ago. Nothing is worth doing for an extended period of time if you don’t love it. Ten years in a row is the maximum amount of time I can truly commit to one occupation or firm with full enthusiasm. To go much longer would be unfair to my employer, to others who have a deeper hunger, and ultimately to myself.
I kept questioning what type of idiot would quit a good job in this type of economy? After a while, I started asking myself what type of idiot not to quit in this economy! Wages are down, profits are abysmal, and industries are going through multi-year consolidation phases that won’t be pleasant.
With no kids, a 16-18 year financial safety net, and a clear idea of what I want to do after my separation, I decided to make the move in 2011 after creating a healthy stream of passive income over the past 13 years. I was so close, but couldn’t pull the trigger because I was STILL too unsure. What I needed was that one last kick in the pants to send me on my way to entrepreneurship.