Believe me, I know. I've had several jobs that I didn't like.
But the trick is to quit your job and stay financially secure at the same time. That part is a little more difficult. It requires a lot of careful planning (and a bit of sneaking around). But it can be done. Following are a couple of different ways that you can do this.
How to Quit Your Job and Stay Financially Secure
- Have a new job lined up. This is the path that most people choose to follow. If you already have a new job that you can step right into, then you won't have any problems staying financially secure after you quit your job. However, this requires being a little sneaky because you have to apply and interview for jobs without your current employer knowing it. Be careful! Don't do any searching at your current job.
- Sign up for COBRA benefits. Many people stay in their jobs because they are afraid of losing their health insurance. Without insurance, medical costs can be prohibitively expensive. They can put you into debt very quickly. But you can sign up through COBRA to extend your health benefits if you won't have them after you quit.
- Have savings. If you have a decent sized savings account, you can easily quit your job and it doesn't matter if you don't have any money coming in. You can just live off of your savings.
- Make a transition. Many people who want to start a business make a transition. Try starting your business in your spare time so that when you are ready to quit, you already have some income coming in.
- Know what you want to do. If you have a solid plan for after you quit your job, you'll be set to be more financially secure. If you don't know what you want to do, you may find yourself floundering.
We chose to beef up our savings account before quitting our jobs so that we could be financially secure while starting a business.
Want to know more about how to quit your job and stay financially secure? Click here.
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