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On Quitting

lindaeliasen.com

11–20 of 145 posts

Re: On Quitting

#11
There's literally no detail to any of the logic or rationale in this story. People like faffing about these fantasies, but the most important advice I've ever received in my career was from my father - "Don't quit your day job."

Re: On Quitting

#12
post #4

I have never been in a position to just up and quit a job without having something else lined up. Are you all trust fund kids?

Do you not save any money when you work? If you are not saving 10% - 15% of your paycheck into an account where the money is immediately accessible, you are living above your means.

[deleted]

Re: On Quitting

#13
post #4

I have never been in a position to just up and quit a job without having something else lined up. Are you all trust fund kids?

You and me both. We must be doing something wrong. :)

Re: On Quitting

#14
post #4

I have never been in a position to just up and quit a job without having something else lined up. Are you all trust fund kids?

I've never been in this position either but I wasn't going to assume "trust fund". A lot of people in the bay ended up working somewhere that got acquired and maybe have some cash in the bank. Or they are just better than me with money. I would never actually quit a job, even if I hated it, without another job lined up.

Re: On Quitting

#15
post #4

I have never been in a position to just up and quit a job without having something else lined up. Are you all trust fund kids?

Do you spend all the money you earn ?

My very first objective in my very first job was to save enough money to have a buffer so that I could be autonomous for a few months/year.

Re: On Quitting

#16
post #4

I have never been in a position to just up and quit a job without having something else lined up. Are you all trust fund kids?

Do you not save any money when you work? If you are not saving 10% - 15% of your paycheck into an account where the money is immediately accessible, you are living above your means.

You don't need to be single or a renter to save. You just need to make it a priority.

I'm the sole breadwinner with a wife and two kids, and we pack away 20% out of every paycheck. We own our home and both cars.

Do we live a garish lifestyle? Certainly not, but we travel a lot and adhere to our budget (thank goodness for remote jobs).

Re: On Quitting

#17
post #4

I have never been in a position to just up and quit a job without having something else lined up. Are you all trust fund kids?

Do you not save any money when you work? If you are not saving 10% - 15% of your paycheck into an account where the money is immediately accessible, you are living above your means.

TIL I live beyond my means. Welcome to America. Having 10-15% cushion to save is a luxury for a lot of people. Probably not most people on HN but still.

Re: On Quitting

#18
post #4

I have never been in a position to just up and quit a job without having something else lined up. Are you all trust fund kids?

Here's the recipe: have no dependents, avoid debt like the plague, be young and lucky so healthcare costs never get you. It helps to live frugally, too - especially avoiding expensive housing.

It's not a long-term plan but it can work for months, even a few years if you really pare down and live somewhere cheap.

> Are you all trust fund kids?

That's pretty condescending.

Re: On Quitting

#19
"A ship in harbor is safe, but that is not what ships are built for." -John A. Shedd

Good for her.

Or maybe I'm just empathetic since I walk away from my full time job tomorrow...

Re: On Quitting

#20
post #4

I have never been in a position to just up and quit a job without having something else lined up. Are you all trust fund kids?

I am by no means a trust fund kid, but I do work in technology which usually offers a higher than average salary. While I'm not making a lot of money, I am making a decent amount given where I live. I always try to keep up a liquid emergency fund that I'm capable of living off of for 6-8 months. I built this pretty early on by living below my means, because I feel like an emergency fund is one of the most important things you can do to set up financially (followed by paying off high interest debts, then contributing towards retirement accounts). That way if a situation like this arrives, I don't have to constantly fear what will happen to me.
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