Can I Afford to quit my job?

“I am tired of it; just want to quit my job. Should I go ahead?” Before you ask this question to yourself, I would like to ask you one: What is the reason for quitting your job?
Too simple quote; nobody said it

-Do you want to pursue a passion that you have always had?
-Do you have another career opportunity in mind?
-Have you found an opportunity to make more money than at your current job?
-Do you want better health benefits and a new job with less responsibility?
-Or do you want to quit because of the bad environment your workplace provides?
-Or is it simply for money?

A person’s decision to quit a job can be associated with their financial well-being, life satisfaction, and stress. “That is right, quitting your job can affect all of those areas of your life – especially if you have not done it before.”

A person takes a ton of financial risks when they quit their job. We’ll first discuss the “whys” and “whether“. The article will also provide steps that should be taken before leaving your job such as securing another one or preparing for the transition into a new field. Lastly, we will discuss what to do when unsure about quitting.

Why do I want to quit my job?

Do you want to pursue a passion that you have always had?
A lot of people want to be able to pursue a passion that they have had for a long period of time. Typically, this is following their dreams. A dream like this is great because it can provide satisfaction for the rest of your life. But there are some things to ask yourself:

-Do you want to pursue a passion that will more likely lead to success and better income?
-Does it have the potential of making you happy?

Do you have another career opportunity in mind?
A person may quit their job because they have found another job opportunity they would rather have or they think will help them get closer to their goals sooner. If the idea of pursuing an entirely new path sounds appealing, go for it! No one ever knows it may be what makes them happy in the long run. But there are still some things to ask yourself:

-What position are you stepping into?
–Do you have the confidence to take on new challenges?
-Do you have the tools to succeed in that position?

Have you found an opportunity to make more money than at your current job?
Money is really necessary. But if you are moving to another job for money, it should not be “just” for money. Other things are involved, such as:

-What is it that you will be paid for?
-How much more of money can you make there?
-How will your job fit into your life?
–How will your work schedule affect your personal life?

Do you want better health benefits and a new job with less responsibility?
If this is the reason for leaving, you should ask yourself why it affects you so much. It could be that you have not been taking care of yourself. The truth is, a job seldom has the power to make or break your health. You can easily make good decisions about exercising, eating well, and maintaining a healthy lifestyle. But who am I to assume? Maybe your job is really making you ill. It’s about your ability to decide whether or not it is.
Or do you want to quit because of the bad environment your workplace provides?
“Sometimes it is the bad environment where one works that pushes them to make a decision like this.” If so, then you must ask yourself what the circumstances are and why you feel such a strong need to leave. Nevertheless, compare the environment with the best possible one you could imagine. This will give you a more practical way to analyze whether or not the environment is to blame.
Or is it simply for money?
You may be thinking about some of this article – but I am not about to argue with you. Money is needed and how it is used is of great interest to most people. But it’s never the only variable. You are switching it with a job that pays you better, or maybe you have found a get-rich-quick scheme. The latter is more likely to put you in a worse position than you are already in. So, if your reason to quit is only for money, I would hope that it is for the former reason.

We have talked about some reasons for quitting your job but now let’s get down to some steps that should be taken before leaving your job.

Secure another job or prepare yourself for the transition into a new field:
In order to quit a job, you must make sure it is possible and that you are not shooting too high or too low. If you are uncertain about your decision, take steps to secure another job or make yourself a better position in your current field.
Prepare for the financial impact:
“With a new job, you must explore not only the hourly wage but also the benefits and perks.” If quitting is going to make you financially worse off, then it may not be worth it.
Gain a sense of purpose:
Maybe you can use a new job to fulfill a fantasy or desire. Maybe you will be following your passion, but sometimes it is good to have that wake-up call and realize what you are doing with your life. If there is not much of a sense of fulfillment at work, maybe it is time to consider leaving.
Familiarize yourself with the job market:
“If you are changing careers, familiarize yourself with the field and learn everything you can.” You may need to go back to school, take classes or do some research on potential jobs in your future field. You may not need this for your current job if quitting will provide another career opportunity for yourself.
Take time off to make the transition easier:
“If you are going to make a big transition, it is best to take some time off.” You should not plan to quit and expect yourself to switch careers in one week. You should give yourself a buffer period – so that you are “close” to the new industry or job when you leave your old one. The more of a buffer period you give yourself, the better it will be for your transition.
Make sure your decision is correct:
“If you are unsure of quitting, talk to people who work in other jobs and find out what they think.” If you are still not sure that quitting is right for you, ask your family and friends to help you make a decision. They will point out the advantages and disadvantages that come with quitting a job. They can also act as a source of support if you are unsure about making the transition.

Now we will discuss what to do when unsure about quitting. Here are some steps that can be taken:

Reevaluate the reasons for leaving your job:
“If there is doubt, then review why you want to quit. Do you have a better job option now? Is there anything stopping you from quitting now? If it is just money, why do you need it so badly?” The more you think about your reason for wanting to leave, the less likely you can be swayed by someone else’s opinion.
Consider another job, rather than diverting somewhere else:
If the only reason for leaving is money and many other jobs have higher pay and working conditions, then switch jobs. If your reasons are stronger than the benefits of staying at your current job – then find a new one that will provide these things with the same amount of work you are serving to your current employer.
Choose a career path:
“Have you considered going back to school?” This is a good way to make a career change. But if you are staying in the same field – maybe it is just time to move up. If there is something wrong with your job, don’t tell yourself that “you don’t like this field.” A job is not always how we see it or how we want it to be. Maybe it’s just time to move up or get another line of work altogether.

What do most people do in confusion?

Most people, when confused about whether or not to quit their job, quit the job indeed. This is referred to as “the grass is always greener on the other side of the fence” psychology.
If you are in a similar situation, maybe it is not as bad as you feel. Perhaps there are ways to fix your job and make it better. Maybe you can start a new career with your current job and make something great out of it.

When in doubt stay the course. Do not make a determination from one point of view or one event. Look at how things were at the beginning and consider how much you have grown and learned along the way. Enjoy the Process

Quit the job and start a Business?

A large group of people quit their jobs because they want to start their own businesses. They hope that their new venture will bring them excitement, and happiness and eventually make them rich.

If you have the financial means to start your own business then by all means go for it. The problem is there are a lot of people who do not have the funds to start a business but still want to quit their job. If you have had enough of a workplace, then you do not need to quit your job to start a business because you can start one from home. The thing is that when starting your own business, you will have different kinds of responsibilities.

Recommended post from calendar.com – Starting your own Business: A Primer

If you have no idea about starting a new business then there are some things that you should consider first. It will be hard when starting something new and never done before. To make it easier for yourself prepare yourself with the following steps:

Remind yourself of why you want to start:
“Think about why it is so important to leave the old situation in favor of something new. Or, if it is important at all.
Make a Plan:
Research your options and make a plan. What is the best way to do it? How can you save money on the process? What is your plan for wealth accumulation?
Consider the risks:
Remember that this is a business. There are always risks and it might not work out as you hoped. What are the risks? And what are some ways you can minimize them?
Figure out your schedule:
Do you have enough time to devote to your new venture? How will you handle the extra work that comes with starting a new business?
Make the decision:
You must be sure that whatever you decide to do is how you want it to be. Take your time and find out what will bring you the most happiness.

“If decisions in your personal life are being made, think about making a decision or change in your professional life too.”

Quitting is not an easy thing to do, especially when it comes to quitting your job. But many people take it into their own hands with no experience on how to do it right. Others make it seem easy, while they are really preparing for the worst. Either way, this is a decision that you can’t take back once you make it.