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Leave your current job to pursue your dream
June 6th, 2008
Many people out in the world have a dream; so often most of those people work in a high paying job which are not the dream they have in their head. What do you do about it? There are a few things to consider before you leave a high paying job to pursue a dream.
- It will take time to reach the reality of the dream
- It will take effort to reach the reality of the dream
- There will most likely be financial turmoil chasing the dream
- You will most likely be living on less income
- If you fail to plan out the way to the dream, you plan to fail at getting to the dream
- Not everyone will understand your motives
- A backup plan is required
When you leave the high paying job to pursue your dream some keys to financial management will be needed.
- Crunch the numbers (find the lowest amount you can live on)
- Manage your money (ex: monthly budgeting, tracking daily spending)
- Embrace frugality (ex: cut the dining out, movie nights, DSL, two cell phones or ride the bus or bike)
- Bolster the emergency fund (6 months income at the lowest level as a goal)
- Seek professional advice (ex: tax lawyer, accountant)
- Pursue multiple income streams (ex: part time job, side jobs, more ways of financially pursuing the dream)
- Define goals (what are you seeing in 5, 10 years?)
- Focus on what is important (what is needed to make the dream a reality)
The following are some things to get rid of so you can leave the high paying job to pursue your dream.
- All self doubt. Doubt is the enemy
- Rid yourself of the negative persons in your life (the neysayers who tell you not to follow the dream)
- Any financial burden that will get in the way (ex: high interest credit cards, the car loan)
What should you do when you are on the road to leave a high paying job so you pursue the dream?
- Keep the end in mind (have an idea of what the dream will look like when you get there)
- Stay focused (don’t start working on other ideas that detract from your current dream)
- Get inspired (read, learn, about others who achieve their dreams)
- Celebrate every success (no matter the size, celebrate the forward motion)
If you want to leave the high paying job to pursue a dream, it is always possible. Proper planning and determination are a must to achieve any worthwhile goal in life. It is said that 98% of the people do what they are second best at for a living.
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