Comments on: I Don’t Need My Day Job?!? http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/ Wed, 08 Feb 2012 17:31:40 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Murder and Work | Canadian Dream: Free at 45 http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-47025 Murder and Work | Canadian Dream: Free at 45 Wed, 22 Sep 2010 12:42:27 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-47025 [...] notice that since I learned I don’t need my day job that my threshold of being able to ignore problems at work is lower.  I’m much more willing [...] [...] notice that since I learned I don’t need my day job that my threshold of being able to ignore problems at work is lower.  I’m much more willing [...]

]]> By: Canadian Dream: Free at 45 » Blog Archives » Financial Envy http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-40222 Canadian Dream: Free at 45 » Blog Archives » Financial Envy Wed, 17 Feb 2010 11:50:34 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-40222 [...] my “recreational” reading focusing on personal finance.  Reading stories about how Tim doesn’t need his day job anymore and how Jacob at Early Retirement Extreme is spending most of his days in his early 30s sailing [...] [...] my “recreational” reading focusing on personal finance.  Reading stories about how Tim doesn’t need his day job anymore and how Jacob at Early Retirement Extreme is spending most of his days in his early 30s sailing [...]

]]> By: Canadian Dream: Free at 45 » Blog Archives » Brutal Honesty http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-39840 Canadian Dream: Free at 45 » Blog Archives » Brutal Honesty Wed, 10 Feb 2010 12:35:32 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-39840 [...] situation would actually cause me to be more brutally honest with people. Since realizing I technically don’t need my day job I’m giving myself permission to be more honest with people.  At work is likely the biggest [...] [...] situation would actually cause me to be more brutally honest with people. Since realizing I technically don’t need my day job I’m giving myself permission to be more honest with people.  At work is likely the biggest [...]

]]> By: Canadian Dream: Free at 45 » Blog Archives » The Numbers Behind Not Needing My Day Job http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-37670 Canadian Dream: Free at 45 » Blog Archives » The Numbers Behind Not Needing My Day Job Mon, 21 Dec 2009 13:09:46 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-37670 [...] after this post I suspected I would have to provide some follow up.  One comment from Jordan summed it up well [...] [...] after this post I suspected I would have to provide some follow up.  One comment from Jordan summed it up well [...]

]]> By: CPS http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-37487 CPS Thu, 17 Dec 2009 17:38:11 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-37487 That's great news Tim. I really enjoy reading your journey towards financial independence. I suspect that with this knowledge in hand, it will only accelerate you towards your ultimate goal. That’s great news Tim. I really enjoy reading your journey towards financial independence.

I suspect that with this knowledge in hand, it will only accelerate you towards your ultimate goal.

]]> By: Jordan http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-37477 Jordan Thu, 17 Dec 2009 14:29:33 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-37477 Wow. I'm green with envy. I think I see financial independence exactly the same way as you do Tim. The point isn't just to "retire young", it's the knowledge that you could. You have the choice, you're not locked into a bad job or a burdensome responsibility. The point isn't to not work either, there are lots of really enjoyable jobs, it's the freedom to change jobs, to do something different, to choose how you spend your time every day on your own terms. I'd be really interested in reading an update on your household balance sheet, how you've managed to swing this so soon. Maybe give me some tips to get closer to the same goal. I think Santa gave you a great gift early this year, congrats. Jordan Wow. I’m green with envy. I think I see financial independence exactly the same way as you do Tim. The point isn’t just to “retire young”, it’s the knowledge that you could. You have the choice, you’re not locked into a bad job or a burdensome responsibility. The point isn’t to not work either, there are lots of really enjoyable jobs, it’s the freedom to change jobs, to do something different, to choose how you spend your time every day on your own terms.

I’d be really interested in reading an update on your household balance sheet, how you’ve managed to swing this so soon. Maybe give me some tips to get closer to the same goal.

I think Santa gave you a great gift early this year, congrats.

Jordan

]]> By: Canadian Dream http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-37473 Canadian Dream Thu, 17 Dec 2009 12:25:25 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-37473 deegee, Good advice. Thanks for the insight. Ryan, Actually in my case my wife wasn't being mean, but rather trying to remind me to keep to my goals. After I pay off the mortgage I think she would feel a lot more comfortable about leaving my day job (and so would I). In regards to your wife. I think Andy had it best. You need to find out what's behind the need to be socially normal. Remember, money isn't money. It's also the key to lots of irrational behavior. You need to talk to her about it and understand her point of view. Then you actually stand a chance of changing it. Tim deegee,

Good advice. Thanks for the insight.

Ryan,

Actually in my case my wife wasn’t being mean, but rather trying to remind me to keep to my goals. After I pay off the mortgage I think she would feel a lot more comfortable about leaving my day job (and so would I).

In regards to your wife. I think Andy had it best. You need to find out what’s behind the need to be socially normal. Remember, money isn’t money. It’s also the key to lots of irrational behavior. You need to talk to her about it and understand her point of view. Then you actually stand a chance of changing it.

Tim

]]> By: Hazy http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-37458 Hazy Thu, 17 Dec 2009 00:30:40 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-37458 Welcome to the club. Welcome to the club.

]]> By: Andy http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-37442 Andy Wed, 16 Dec 2009 18:47:45 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-37442 @Ryan Sorry to hear about the wife. I have a similar issue with mine. I want to start my own business again one day, but every time I mention it she freaks out. The reason is her dad was self-employed and money was always tight. Feast or famine as they say. I'm not so much an entrepreneur as I am and investor though. Once I made this clear to her, she's still hesitant, but not so hostile. :) I'm not sure what your wife's mental block is with online business, but I think it's great! I've never even heard of a social stigma to this. Did you read the article about keeping up with the Jones? You might need to address why she cares so much about what others think. Good luck and I share your pain! @Ryan

Sorry to hear about the wife. I have a similar issue with mine. I want to start my own business again one day, but every time I mention it she freaks out.

The reason is her dad was self-employed and money was always tight. Feast or famine as they say.

I’m not so much an entrepreneur as I am and investor though. Once I made this clear to her, she’s still hesitant, but not so hostile. :)

I’m not sure what your wife’s mental block is with online business, but I think it’s great! I’ve never even heard of a social stigma to this.

Did you read the article about keeping up with the Jones? You might need to address why she cares so much about what others think.

Good luck and I share your pain!

]]> By: Ryan http://blog.canadian-dream-free-at-45.com/2009/12/16/i-dont-need-my-day-job/comment-page-1/#comment-37440 Ryan Wed, 16 Dec 2009 18:22:30 +0000 http://blog.canadian-dream-free-at-45.com/?p=1214#comment-37440 Congrats! I have recently crossed this mark as well where my side income (websites + online consulting) that I usually just fit around my day job has surpassed my income from my day job. Since I am a self employed real estate agent my income fluctuates a lot so we find it really nice to count on my online income to pay all our bills if we had to. My wife is a teacher as well so life is good right now but she would NEVER even consider me to leave real estate job and give up the social norm of having a "real" job. I see your wife had a similar reaction when you told her the news. I try to tell her that it could make sense down the road (i'm 29) to make the transition to 100% online work for me since I am only doing online work about 15-20 hours a week. If I doubled that I could surely increase my cash flow. She won't buy it and has a very strong opinion that I need to keep up with appearances in the community as having a "real job". I recently told her my take home pay from online is almost equal to her teacher salary and only got while I guess I should go shopping! :( I can't win. I wonder why the social stigma is so strong against making money online. It is seen by many as a shady practice and really is just taking traditional business ideas and recalibrating them for the online world. Congrats!

I have recently crossed this mark as well where my side income (websites + online consulting) that I usually just fit around my day job has surpassed my income from my day job. Since I am a self employed real estate agent my income fluctuates a lot so we find it really nice to count on my online income to pay all our bills if we had to. My wife is a teacher as well so life is good right now but she would NEVER even consider me to leave real estate job and give up the social norm of having a “real” job.

I see your wife had a similar reaction when you told her the news. I try to tell her that it could make sense down the road (i’m 29) to make the transition to 100% online work for me since I am only doing online work about 15-20 hours a week. If I doubled that I could surely increase my cash flow. She won’t buy it and has a very strong opinion that I need to keep up with appearances in the community as having a “real job”. I recently told her my take home pay from online is almost equal to her teacher salary and only got while I guess I should go shopping! :( I can’t win.

I wonder why the social stigma is so strong against making money online. It is seen by many as a shady practice and really is just taking traditional business ideas and recalibrating them for the online world.

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