- Should you quit your job?
I know what it's like
when you're working at job
that you have zero interest in,
you're not passionate about
and you're working with a group of people
that you can't stand.
It's all toxic in an environment
and you feel that you're not growing
and you not getting paid what you deserve.
I remember when I was making minimum wage
in a supermarket that I hated to go to work.
Hated, hated!
Every single day I'm like oh my god,
my alarm clock.
Now I gotta go.
I gotta, you know be stuck in
at the time a bus right.
And then the train, SkyTrain
and then go to work
and everyday back and forth.
And I couldn't stand it.
So I know maybe you're thinking
about should you quit?
Should you not quit
and do your own thing
and start your own business?
Now, this is speaking from experience
and I hope this will help you.
Now some people,
and this is what I did
and I don't recommend it,
they just quit the job.
One day I was working,
I walked in,
I say "f you" to the boss
and I just walked out.
I do not recommend that
because afterwards I got myself
into a lot of trouble
because I was desperate.
That's not an ideal situation.
Now for some people,
they excel when they are back in a corner
and they're under a lot of pressure.
That's a very, very small percentage
of the population.
Chances are that's probably not you.
For most people it's the opposite.
They crack under pressure.
They melt under pressure.
Now they're not making wise decisions.
Now they're panicking
because oh my God how am I gonna pay my bills
next month?
Not a very good idea.
So my recommendation to most of my fans
and students around the world
is very, very simple.
Follow this formula.
You quit your job,
two conditions.
One is your side hustle, your side business,
your little side income model
whatever it is that you do.
It could be a high-income skill
that I teach.
When you are making twice as much
from that compared to your job you could quit.
So let's say you're making $3,000 a month
from your job.
Your high-income skill,
your side-hustle now is providing you
with $6,000 a month.
That gives you some safety net, some comfort
and say you know what now I can quit comfortably
because you know if you can generate
that kind of income compared
to what you're earning right now
from your job, twice as much part-time,
What could you do if you do this full-time?
If you focus 100% into that business
into that skill right?
Makes sense?
You would do a lot more.
You know you can take that
and double that to a $10 000, $12 000,
if you are fully going in
and fully dedicated to that one thing, right.
So twice as much what you're earning.
Now another factor that I believe in is,
you wanna have at least,
at least three to six months of savings
to cover your overhead.
So if you're overhead, your expense,
in terms of family is let's say
$3,000 a month,
well at least you wanna have
$9,000 $12,000,
$16,000
in savings in cash.
So that if anything goes wrong you're okay.
So, not only, you want like kinda like
a double insurance policy.
Your high-income skill makes twice as much
of what your job is making
plus the three to six months in cash,
in savings to cover your overhead.
Then when you quit, you're not panicking.
You're like okay I can take a deep breath.
I can do this
because for most people,
for most of us we are addicted to a paycheck.
When you take that away,
for most people they're like,
it's very, very scary.
And I know what that's like.
Now, my whole life I've only worked
for someone else
for one year my entire life.
So I am used to not having a paycheck.
I know what it's like not to have a paycheck.
I don't even know, I don't even remember
what it's like to have a paycheck.
Everything I do I have to create,
I have to produce, I have to
add value to the market place
in exchange of money.
Meaning if I don't perform,
if I don't deliver results I don't get paid.
As an entrepreneur.
We don't get paid based on time
we get paid based on 100% results.
It's a very different mentality.
And for some people
and especially for you if you're working
in a corporate world in an environment
that's more security driven.
When you go out there
and do your own thing,
when you're getting paid 100%
on performance it takes a little bit
of time getting used to
So that's what I will recommend.
So do not,
'cause I know sometimes a lot of my fans
they see my video they say
"Oh Dan said just quit my job and do my own thing."
That's not what I say.
Don't take what I say out of context.
That's what other people say.
Here's what I'm telling you.
You quit your job
only when your side hustle, your high-income skill
generates twice as much money
compared to what you're making from your job.
Second, three to six months of savings.
Then you can quit.
Now if you're not so sure
what you could do to accelerate that process,
you just can't stand your job,
you want to do that a little bit faster right.
If you want to know what
is the ideal high-income skill for you.
You can take a quiz that I've put together
or you could go to
www.highincomeskills.com It's completely free.
It will give you a lot of clarity
of which path you should take
and you focus on that,
you will be able to quit your job
that much sooner.
But don't do it right now.
Make sure you follow what I've just shared with you.