Overall, I am glad I quit my job. Other than the fact that I am broke, I learned and accomplished a lot and ready to take Yonkly to the next level.
Personally, I think this is awesome, but it also should serve as a warning to those that are afraid of financial troubles. Most people who go this route truly do have to risk it all, so if you arent ready for that you should find a way to transition. For me -- living on the cheap while doing your own thing is great, and the only way to really motivate.
I agree. It is very risky. When I made that decision, I basically told myself "what is the worst that could happen?" The answer was "lose my house and rental properties, declare bankruptcy, screw up my credit score". Then I thought "that's not too bad." I graduated in 1999 with zero money and got to where I am, so I can probably do it again in half the time.
Right on!. I'm with you. However, probably not recommended with kids or medical problems.
But for everyone else, as long as you can get over the ego parts -- you will have to give up going to nice places for dinner, driving nice cars, having big houses, new toys, vacations etc, all the way to bankruptcy, as you said -- then it is worth it.
i think a lot of these fears are played up by society in order to induce good worker bee syndrome. losing your material wealth ain't shit in the face of freedom. programmers have the most in demand skill in the world right now. if you go broke you can always come back.
as Borat said to the chicken: live your life!
When people hear "risk takers" they mostly seem to think skydivers. But as bold as skydiving is I have more respect for entrepreneurs. While both efforts are bold, entrepreneurs have to be consistently so. Unless you point them out, people don't think of the founder with no degree living off savings risking it all on a hifalutin startup.
Skydivers and extreme sportsman seem better at signaling [1] risk than nerd entrepreneur. That's a big reason they're better at attracting women too.
Personally, I think this is awesome, but it also should serve as a warning to those that are afraid of financial troubles. Most people who go this route truly do have to risk it all, so if you arent ready for that you should find a way to transition. For me -- living on the cheap while doing your own thing is great, and the only way to really motivate.