8 Steps to Financially Prepare to Quit Your Job


8 Steps to Financially Prepare to Quit Your Job

Ready to change careers? About to quit your job, maybe even without another one lined up? Then let's get your personal finances in order ASAP. Let's cover 8 steps to help you financially prepare to quit your job...


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Which Side Hustles Worked While at a 9-5 Corporate Career

Quiz: Are You Financially Ready to Quit Your Job

5 Things You Must Do Before You Resign


I tried leaving the 9-5 grind 3 times.

The first time was ugly and messy. Second time was a little better. Third time was the charm.

Each time I quit, I didn't have a Plan B.

While I don't recommend resigning without a plan, sometimes you know when enough is enough.

Whether or not you plan to change careers immediately, it's always a good time to get on top of your finances.

Having your finances in order can help reduce the overwhelm and stress surrounding your career transition.


Here are 8 steps to help you financially prepare to quit your job:


  1. Build at least a 6 months emergency fund

  2. Find out the cost of alternative health insurance coverage

  3. Plan out your retirement/401(k) contributions

  4. Know your eligibility of employee benefits

  5. Know the details of your last paycheck

  6. Know the details of your unused vacation and sick days payout

  7. Have a support network for personal finance and career goals

  8. Build at least one passive income stream


Leaving behind a steady paycheck and company healthcare benefits can feel scary. It caused a great deal of anxiety for me.

Those golden handcuffs are no joke!


But having at least one passive income stream helped make my career transition as smooth as possible.


To help others financially prepare for a resignation, I put together the Career Change Quiz.


There are so many unknowns when it comes to career transitioning. That's why having your financial ducks in a row can help ease the fear of unknowns.


Are you financially ready to quit your job? Take the quiz!


Quiz: Are You Financially Ready to Quit Your Job?



Creating passive income helped me go from corporate desk to dropout.


I resigned having some financial peace of mind...even with just one steady passive income stream.


Since then, I've been living off several passive income streams. Having passive income also allowed me to ride out the 2020 economic downturn.


The key is to build multiple passive income streams. While working a 9-5 in Corporate America, I tried different side hustles.

This included renting out my condo on Air B&B to freelance copywriting.


In the video below, I explain which side hustles worked and what didn't work for me while working a 9-5.



While working a 9-5 job, I tried different side hustles. I made a ton of mistakes and learned a lot of hard lessons along the way.

Eventually, I reached financial independence retire early (FIRE) by replacing my salary with passive income.

I was finally able to leave a career that was no longer a good fit by creating multiple income streams from investments and side hustles.

More importantly, it was time to get away from East Coast winters!


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


We all know it's not an easy journey to financial freedom, let alone change careers.​ Join me along my new chapter in sunny California!


A Corporate Dropout's Guide to Personal Finance:


Before you resign, build a sufficient financial runway. Establish a solid financial runway and time your career pivot according to what makes most sense for you.


Are you financially ready to quit your job? Take the quiz!


Quiz: Are You Financially Ready to Quit Your Job?



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.

It was lonely at times but less stressful without their judgement and opinions.

Instead, I informed them of my career change after the fact.

It wasn’t easy for them to hear. 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 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? Start a business?


First, make sure you have a solid financial runway...

Quiz: What's the Best Passive Income Strategy for You?

Build your financial runway and emergency savings by creating passive income.


Your passive income strategy should feel exciting to you.

You're more likely to stick with the passive income strategy that excites you. When you are intrinsically motivated, it is more sustainable in the long run.

There are so many ways to create passive income streams.


It doesn't mean you have to do it all. Start with one passive income strategy and see which works best for you.

It can feel overwhelming with all the different passive income strategies out there. Also, there's no one size fits all passive income strategy.


Start with one passive income strategy and see which works best for you.


Find out if you are financially ready to quit your job.


Quiz: Are You Financially Ready to Quit Your Job?



From Corporate Desk to Corporate Dropout:


For years, I experimented with different types of side hustles. Eventually, I got to get a feel of what I enjoyed doing and let go of the activities that were not as enjoyable.


During my weekends, I taught yoga and wellness workshops at a local hospital. I also worked the front desk of a yoga studio at one point too.


There are many different methods to create passive income streams. The possibilities are endless! Currently, I earn passive income mainly from index fund investing.


Before you create a plan for your Corporate Dropout timeline, make sure you get on top of your personal finances.

Let's make your career change happen!


Quiz: Are You Financially Ready to Quit Your Job?



About to take the leap? Already resigned?


The trend toward a gig economy is real. Maybe everyone around you is a #girlboss. If you never want to step foot in an office again, what would you do?


Corporate Dropout to Business Owner: Replace Your Income in a Gig Economy

When it comes to being a dropout, there’s one thing I know for sure. It’s not as easy or glamorous as it seems on the surface.


Whether it’s dropping out of Corporate or college, there’s a lot of unknowns involved. They say fear of missing out (FOMO) is a real thing. Well fear of the unknown is also no joke.


While I don't recommend resigning without a plan, sometimes you know when enough is enough.

Find out if you are financially ready to quit your job.


Quiz: Are You Financially Ready to Quit Your Job?