5 Things You Must Do Before You Resign

Updated: May 10


5 Things You Must Do Before You Resign | Career Change

Time to resign from your 9-5 job? About to quit without another job lined up?


Throughout my career in corporate, I quit three times without a plan. By doing so, I faced many uncertainties and learned a lot of hard lessons along the way.


Allow me to share these lessons to help reduce your overwhelm and stress during your career change. Here are five things I wish I did before quitting without a Plan B.


Here's my story of how I became a Corporate Dropout...



Related Content:


How I Replaced My Salary with Passive Investing

Quiz: Which Passive Income Strategy Best Suits Your Personality

How I Got My Finances in Order Before I Resigned

My Passive Income Strategy: Corporate Dropout to Millionaire Next Door


Regardless of your career field, it's not an easy decision to take a leap of faith.​ Those golden handcuffs are no joke! I get it.


I tried leaving the corporate life three times. The first time was ugly and messy. Second time was a little better. Third time was the charm.


Finding your purpose is a lifelong adventure.


Creating passive income helped me leave the 9-5 lifestyle once and for all. It wasn't easy leaving a steady paycheck and company benefits behind.

Having passive income allowed me to leap with more peace of mind. To help others create passive income streams too, I put together this Passive Income Quiz.


While I don't recommend resigning without a plan, sometimes you know when enough is enough. So if you're ready to start your adventure as a Corporate Dropout, let's get started...

5 Things You Must Do Before You Resign

1. Build 6-12 months emergency fund.


Establish a solid financial runway in order to time your career pivot according to what makes most sense for you.


At the very least, have a six month emergency fund to cover basic living expenses. Next, see if you can take it a step further.


Ideally, build beyond an emergency fund for "unexpected" emergencies and "extended" time off.


I learned this the hard way.


During months of unemployment, I had a health scare and ended up in the emergency room while traveling in Europe. I also learned that even with job interviews lined up, the hiring process can unexpectedly be delayed for months.


Consider building up your financial runway with passive income streams.


There are numerous ways to create passive income these days. You don’t even have to start a business to do so.

From drop-shipping other people's products, index fund investing, rental property investing, creating online courses, affiliate marketing to renting out your car.


The possibilities to create passive cash flow can seem endless. But you don't have to do them all.


There's no one-size fits all strategy. The key is to start with one passive income idea and test out what works for you.


Which passive income idea is best for your personality?

Quiz: Best Passive Income Idea for Your Personality


5 Things You Must Do Before You Resign | Career Change | Passive Income

2. Create a flexible plan.


Ask yourself what are you running towards? It’s one thing to “run away” from your current job. But if you don’t have something to work towards, you might feel overwhelmingly lost and stuck.


Not to say you need a solid Plan B in place.


But at least have productive activities planned in advance. Have a flexible roadmap in place so that you have some sort of direction.


For instance, when people want to leave a job, they don’t consider taking a break in-between careers. This then leads to more burn out and the cycle perpetuates.


Taking a career break is not career suicide.


Career breaks can propel you forward even further than if you were to go directly into another job.


If I hadn’t taken months off, I would not have lasted very long in my next career. I needed the time off to gain clarity on what I wanted the next chapter of my work life to look like.


3. Diversify your identity.


Many of us derive a sense of identity from our careers. When it comes to career change, there is usually an existential crisis that follows too. The solution?


Diversify your identity. For instance, outside of my 9-5 job, I was yoga teacher, freelance blogger, Pinterest marketer, Reiki Master, friend, mentor, and entrepreneur.


Not sure who you are without your career identity? No worries. Like a flexible career plan, your identity evolves too.


Spend time to explore different career tracks and experiment with different side hustles. Talk with family and friends, attend networking events to get to know your passions and strengths.


5 Things You Must Do Before You Resign | Career Change | Passive Income

4. Take care of admin in advance.


A lot of things can happen quickly. The last thing you want is to do a sloppy job on important admin work:


  • find out when you'll receive your last paycheck

  • obtain employment verification paperwork: references, phone numbers, and mailing addresses

  • check your eligibility for employee benefits

  • research alternative health insurance options

  • check on unused vacation & sick pay

  • draft a resignation letter so that if things heat up, you are not emotional when writing your farewell. In fact, keep it short and simple.


Here’s one that I used:


Dear (your Boss or HR manager):


Thank you for the opportunities for growth in my professional career. I have enjoyed working for (your department) and appreciate the support provided me during my time.


Please accept my resignation from my position as (your title) for (your department or company), effective (date of resignation). I will do what I can to ensure a smooth transition for the team. If I can be of any help during this process, please let me know.


Sincerely,

Your Signature


Save it in draft in your inbox and focus your energy on other important matters like...


Start a side hustle to make passive income.

Creating passive income helped me leave the 9-5 lifestyle once and for all. It wasn't easy leaving a steady paycheck and company benefits behind.

Having passive income allowed me to leap with more peace of mind. To help others create passive income streams, I put together this Passive Income Quiz.


While I don't recommend resigning without a plan, sometimes you know you've reached a breaking point. If you're about to quit, be sure to get your finances in order.


Which passive income idea is best for your personality?

Quiz: Best Passive Income Idea for Your Personality


5 Things You Must Do Before You Resign | Career Change | Passive Income

5. Build a solid support network


When I quit Corporate, I didn’t tell my family and most of my closest friends.


Each of the three times I quit without a Plan B, I lied to them.

Telling them my resignation plans would have caused overwhelming concern and added stress.

Instead, I informed my family about my career change after the fact.

It wasn’t easy for them to hear but they eventually accepted my decision after they saw how much happier I was.

Having a solid support network is the most important yet most overlooked must-do.

Before I resigned, I worked with a business coach, career counselor and talked with various mentors.

Perhaps everyone is trying to give you advice. But none of their suggestions are helpful?

Don't have an idea what you want to do next? Take a year off to reset? Start a business? Let's make your career change happen!

Start by creating a plan for your Corporate Dropout timeline.


5 Things You Must Do Before You Resign | Career Change | Passive Income

How I became a Corporate Dropout...


In 2019, I was finally able to leave the 9-5 cubicle life. In addition, it was time to get away from East Coast winters!


So I quit my job, sold my condo and moved across country. I gave everything away and just shipped my car.


To this day, even throughout the 2020 economic downturn, I have no regrets. Taking a leap of faith was scary but worth every moment of my freedom.


I got FIRE'd...


In my mid-30s, I reached financial independence retire early (FIRE) by creating multiple income streams from investments and side hustles.


By financially independence, I'm referring to having enough income to cover all living expenses without having to work for the rest of life. In sum, work is optional for someone who is financially independent.

My journey to FIRE has been a wild ride. Like the stock market, there were many volatile moments. Yet, it was always upward progressing over the long-term.


I’ve made a lot of money mistakes along the way.


A Corporate Dropout's Guide to Passive Income:


By my mid-30's, my net worth was over $1 million. At that time, I had already left the corporate world.


So how did I do it? It wasn't from my marketing business, Pinfinite Marketing. It wasn't from selling my condo in DC either.


It was from passive index fund investing. Yep, the "laziest" strategy when it comes to investing in the market.


Whether you want to change careers or get on top of your finances, it's never too late.


Not sure how to get started? I got you covered.


Find out which passive income strategy is best for you!

Quiz: Best Passive Income Idea for Your Personality


5 Things You Must Do Before You Resign | Career Change | Passive Income