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Why 2013 May Be The Year You Quit Your Job

techcrunch.com

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Re: Why 2013 May Be The Year You Quit Your Job

#3

Post by codenerdz »

The article is mostly scaremongering, but the reason I posted it was mostly the 401k comments.

Any "old timers" (meaning those that put money away into 401k through out at least 2 recent market crashes, dotcom and the financial one) here willing to comment as to how their 401k fared? The biggest advantage I see(especially working for the company that does the matching) is that

a) Its a saving account that you cant take money out on a whim

b) Employee matching is free money

c) Youre not paying taxes untill youre ready to take it out and when you do take it out, your tax liability will be lower due to lower income

So you have all these financial advantages in 401k, the disadvantage is that you have to invest these funds wisely.

Re: Why 2013 May Be The Year You Quit Your Job

#5

Post by niggler »

Every year is the right year to quit your job. The real questions are:

- do you have conviction in what you are doing?

- have you taken every step possible to advance the idea or development in your current position (noncompetes obviously restrict what can be done)?

- do you have sufficient money to survive six months if you aren't showing any revenue?

If so any time is the right time.

Re: Why 2013 May Be The Year You Quit Your Job

#6

Post by vignesh_vs_in »

I have decided the year i quit day job is 2013, not after reading this article, but i have been planning it for the past 2 years.

2 years might seem like a lot of time but i started from absolute 0. Now i have few mobile apps in market through which i earn 50% of my sal every month.

Making lists really helps, but even if you loose the list your passion will find a way to get you back to the list.

Keeping this as wallpaper helps too http://d24w6bsrhbeh9d.cloudfront.net/photo/5536250_700b.jpg

Edit: And the only reason i want to quit is freedom

Re: Why 2013 May Be The Year You Quit Your Job

#7

Post by Joeri »

And over here in a socialist northern european country record numbers of small companies are going bankrupt, going into business for yourself is seen as a crazy risk, everyone is looking for a reliable j-o-b type job, retirement plans are still a healthy choice, and the middle class is holding steady. Are we really in such an antithetical situation from the U.S., or is this article part fabrication?

Re: Why 2013 May Be The Year You Quit Your Job

#8

Post by kqr2 »

codenerdz wrote: post #3

The article is mostly scaremongering, but the reason I posted it was mostly the 401k comments. Any "old timers" (meaning those that put money away into 401k through out at least 2 recent market crashes, dotcom and the financial one) here willing to comment as to how their 401k fared? The biggest advantage I see(especially working for the company that does the matching) is that a) Its a saving account that you cant ta…

A big advantage for most people is that it is an automatic savings plan. Although you have more options investing on your own, many people would either spend it or forget to invest it.

Re: Why 2013 May Be The Year You Quit Your Job

#9

Post by omd »

vignesh_vs_in wrote: post #6

I have decided the year i quit day job is 2013, not after reading this article, but i have been planning it for the past 2 years. 2 years might seem like a lot of time but i started from absolute 0. Now i have few mobile apps in market through which i earn 50% of my sal every month. Making lists really helps, but even if you loose the list your passion will find a way to get you back to the list. Keeping this as wall…

Good for you for hanging in there. 2 years is not long at all considering it takes the average person at least 6 to 8 years to get an education and build any kind of career.

When I made the decision to switch I planned 3 years but life got in the way and eventually it took me 5 years before I was there. People sometimes comment 5 years is a long time to achieve your goals and I always answer that doing something you don't enjoy for 40 years is a lot longer.

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