For some reason, it was especially difficult for me to get up out of bed this morning to get ready for work. As I was getting dressed, I stood there looking at my wife who was sleeping blissfully on the bed and I couldn’t help but feel a little jealous. My wife was sleeping in because she recently quit her day job in order to spend her full time with the kids.
“Okay honey, I’m going off to work now!” I hollered hoping she’d stir a bit.
“Hey, did you know that I was trying to sleep?” she hollered back with her eyes half closed. “In fact, I think I’ll sleep until 10 and then maybe I’ll go take a walk in the park with baby. Hmm, I’m not sure what I’ll do after that. My schedule is just so wide open”
Just imagining how nice it would be to be able to spend more time with the family got me thinking why the hell I was working. Sure I need money to pay the bills, but there are more valuable things I could be doing with my time. Here’s why you should quit your job.
Trading Time For Money
Why should I only be earning money only when I’m actively working in the office? Why should I let a company or organization determine how much I get paid and when? How can I earn money when I’m out spending time with the family?
I’ve been asking myself these questions a lot lately. Spending time with my family is my top priority yet I devote most of my time to working at a company. If you think about it hard enough, it doesn’t make sense. I should be focusing my time and efforts on designing ways to decouple my time with making money so I can dedicate my time to things that I care about deeply.
Why should I bust my ass and work long hours when there’s limited upside if my company is successful? Companies these days offer stock options to give you partial ownership, but the upside is not even close to what you would have gotten had you gone into business for yourself. If I invent a product that earns the company 1 million dollars, I never get to see a penny of this because I’m a salaried employee.
I used to think that I’d learn the most from joining a company. While this is true to a certain extent, you will rarely get a broad depth of knowledge on the job. Most of time, you end up becoming an expert in a small area or niche within your field. By becoming an expert in a particular area, your company will attempt to pigeon hole you there because you are the most efficient at doing what you do. Unless you switch groups often within your company, you will rarely obtain the big picture.
Creating our online store was by no means rocket science, but I learned more about the web, running a business and managing money than all of the years at my startup company. Sure I can design computer hardware very well, but what would I do if the semiconductor industry were to have a major downturn?
Putting All Your Eggs in One Basket
The world is constantly evolving and you must evolve to keep up. What if all of the knowledge you have gained on the job were to suddenly become obsolete? Why should you rely on your employer for job security?
I’ve seen many friends get laid off from their jobs only to struggle to find ways to make money because their day jobs were their primary source of income. Especially during the dot com bust, I had several friends unemployed for more than a year. As any seasoned investor will tell you, you should never put all of your money on a single security or put all of your dependence on a single income stream. Besides putting all of your eggs in one basket, why should you put your fate and well-being in the hands of someone else?
Loss of Freedom
Sometimes I feel like a slave to my job. Why should I have someone else telling me how good of a job I’m doing? Why should I have to justify getting a raise? Why do I need to be nice to my boss? (Actually I really like my boss in case anyone from work is reading…really)
The most important question you should be asking yourself is why you are sitting in a cubicle when you could be out at the park with your child.
Summing it all up
Even if you don’t agree with anything you have just read, you can’t refute the fact that its important to diversify your income streams. Next time you’re sitting in your cubicle or office, pretend like you are sitting in a jail cell. It might be a comfortable jail cell with interesting people to work with, but wouldn’t you rather be hanging out with your spouse or child? On second thought…don’t ask yourself that last question:)
Find out how to motivate yourself to start your own business
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