man enjoying his freedom in an East-Asian country because he's a digital nomad who can work remotely

How to quit your job without freaking out

If you want to quit your job, but you don't know how to, hang in there with me for a few minutes. I will talk about some realistic ways of preparing your life before you can quit your job, so that you don't quit with the feeling of anxiety, because you don't know how you will earn a living.

 

Okay, first, let's be real: Not everyone has a chance of quitting their jobs easily. At least not right away. It's important to have a job in order to survive, pay the bills and save money for when you get old.

If I told you that that's also possible? That you can have both?

woman enjoying her freedom in an East-Asian country because she's a digital nomad who can work remotely

The key here is to plan in advance and have a solid strategy.


You won’t be able to quit right away but wit a decent preparation, you could make it in the next six months, I have no doubt!


So, let’s dig in!

work space for an entrepreneur who quit their job and started an online business from home

How to Quit Your Job Without Getting Anxious About Money

Like we were saying, if you're considering quitting your job, you're probably feeling a mix of emotions. Excitement, freedom, and maybe even a little bit of anxiety. It's natural to be worried about money, especially if you don't have a new job lined up. But don't worry, it is possible to quit your job without getting anxious about money. With a little planning and preparation, you can make the transition smoothly and without financial stress.

Building Other Income Streams

One of the best ways to reduce your anxiety about quitting your job is to build other income streams before you leave. This way, you'll have a backup plan in case it takes some time to find a new job. There are many different ways to build other income streams, including:

  • Freelancing: Freelancing is a great way to earn extra money on your own terms. You can freelance in your current field of expertise, or you can learn a new skill and start freelancing in that area. There are many different freelancing platforms available, such as Upwork, Fiverr, and Freelancer.com.
  • Starting a business: If you have a great business idea, starting your own business is a great way to build an income stream that you can control. However, it's important to note that starting a business takes time and effort. It's also important to have a solid business plan in place before you launch.
  • Investing: Investing is another way to build an income stream. However, it's important to do your research and invest in assets that match your risk tolerance and financial goals. There are many different investment options available, such as stocks, bonds, and real estate.
  • Creating and selling digital products: If you have a creative skill, you can create and sell digital products, such as ebooks, online courses, or printables. This is a great way to earn passive income, as you can create and sell your products once and then continue to earn money from them over time. You can also speed up the process even more with PLR and done-for-you products that you can rebrand and resell in no time!
  • Teaching online courses: If you have expertise in a particular subject, you can teach online courses. There are many different online learning platforms available, such as Udemy, Coursera, and Skillshare. You can also sell them as a digital info-product and include them in a bundle, a membership, etc.

Choosing and Implementing an Income Stream

Once you've decided which income stream(s) you want to build, it's time to start planning and implementation. Here are some tips for you:

  • Start small. Don't try to build multiple income streams at once! Start with one or two and focus on growing them.
  • Be realistic. Don't expect to start earning a lot of money right away. It takes time to build a successful income stream.
  • Be patient. Don't get discouraged if you don't see results immediately and pivot if necessary. Real success lies in being resilient!

How Long Will It Take?

The amount of time it takes to build a successful income stream will vary depending on the type of income stream you choose and your level of effort. For example, you may be able to start freelancing and earning money right away. However, starting a business or creating and selling digital products may take several months or even one or two years to become profitable. That is, if you have to create them yourself from scratch! That's why I've decided to offer products that you can resell, because I have understood that people want to see results quickly!

Which Business Model Is Best?

There is no one-size-fits-all answer to this question. The best business model for you will depend on your skills, interests, and financial goals.

But if you’re not sure about where to start, I would definitely recommend digital products. I've tried out everything and I like this the best! Freelancing and Coaching means trading your time for money. But selling digital products is a business model that can be easily automated.

Think about it! You just have to create the product once but you can sell it on and on. Plus, you'll have location freedom. As a digital nomad, I travel around the world and work on my business from anywhere.

Anyway, I'll leave the choice to you! Do your research :)

a digital nomad who quit their job and started their own digital product business is getting ready to start their trip around the world

Conclusion

Quitting your job can be a scary decision, but it doesn't have to be. By planning ahead and building other income streams, you can reduce your anxiety about money and make the transition more smoothly. Remember, it's important to be patient and realistic. It takes time and effort to build a successful income stream and to find a new job that you love. But with a little planning and preparation, you can make it happen.

Remember, you're not alone. There are many people who have successfully quit their jobs and built new lives for themselves. If you need help or support, there are many resources available, such as online communities, career coaches, and financial advisors.

Here are some additional, practical tips for quitting your job without getting anxious about money:

  • Negotiate a severance package. If you're laid off or fired, you may be able to negotiate a severance package from your employer. This can give you a financial cushion to fall back on while you're looking for a new job.
  • Consider unemployment benefits. If you can't find a new job right away, you may be eligible for unemployment benefits. This can help you make ends meet while you're looking for work.
  • Use your savings. If you have savings, you can use it to cover your expenses while you're looking for a new job or while your income stream is getting started.
  • Reduce your expenses. There are many ways to reduce your expenses, such as cutting back on unnecessary spending, cooking at home more often, and canceling unused subscriptions.
  • Get creative. There are many creative ways to make money, such as selling your belongings, starting a side hustle, or renting out your spare room.

You've got this!

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