I left my day job late last year. I do have one regret — I wish I had done it sooner!! :roflmao:
Seriously, though, here is how it went for me.
I set 2 goals, which I told myself I had to meet before I could consider quitting my job.
1. Earn at least XXX online each month, for at least 6 months in a row. XXX in my case was something like 175% of my monthly day-job salary, pre-tax.
2. Save up at least 6 months worth of living expenses, so that if something catastrophic happened, I would have time to rebuild and/or find a new day job.
I met my goals in 2006, and I was considering leaving my job when the UIGEA mess happened. I didn’t know what was going to happen to my monthly earnings at the time, and I wasn’t sure if I would be able to receive any commission payments after NETeller went down — so I kept my day job.
In late 2007, things seemed relatively stable again. My online income was steady, I had enough money saved to survive for at least 6 months if the industry took another dive, and my fiancee and I were able to sign a document that allowed me to be covered under her health insurance.
So, at the end of November (right after Thanksgiving), I left, and I haven’t looked back. :wavey: