BiggerPockets Money30 Maj 2022

305: What to Do Before You Quit the High-Pay & Benefits of Corporate World

Before you quit your job, you will need to prepare yourself not just financially, but mentally. If you’re thinking of leaving your W2, and you're not at retirement age just yet, odds are you have a side hustle or even an entire small business. As the side hustle begins to grow, you may be torn between spending time at your job and putting in the hours to scale your business.

This is doubly true if you’re like Daniella Flores from I Like to Dabble, who is at a high-paying, fully-remote job with a solid share of benefits. Before she decided to scale down her full-time work, she had to come up with an action plan that would allow her to slowly slip away from corporate life, so she can avoid the instant shock of being an overnight entrepreneur.

Daniella has some helpful tips for anyone who thinks their time at a job is close to the end. She has spent the last year or so planning for the departure, so when she leaves her job, she doesn’t need to search for a new one! Now, she can spend more of her time writing, designing, and building something that will truly set her up for long-term financial (and time) freedom.

In This Episode We Cover

The importance of having a side hustle (especially when you’ve been working for a while)

Job hopping and negotiating more than just salary at your new or current job

Prioritizing yourself in your company and the downside of saying “yes” too often

Building a stable reserve fund so you can quit with confidence

Self-Directed 401k and other retirement options that self-employed individuals have

Self-employed health insurance and how to keep your benefits as you step away from full-time work

And So Much More!

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I Like to Dabble

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