There are many articles and idea of working from home shared in blogs and websites. My main goal of this blog is to share ideas that enables us to fully work from home. Frankly, my online income is not consistent. It is not like working for a company and get paid a stagnant amount by end of the month. Work at home is similar as you are running your own business. The income maybe high or zero, depending on many factors. With this sort of income channel, we cannot commit to buy car, properties, monthly bills, etc.
Even though your blog earns you four or five figure income, please don’t quit your job. I always don’t believe in one source of income. The best time to quit job is when you are fully secured with good saving and have multiple source of income that supports you and your family. The risk of quitting job for married couples especially those with childrens are much higher. Earning small amount from online is easy. Earning large amount from online is not so easy. But, earning consistent small amount or large amount from online is the hardest part.
If you are new to blogging for money, try to be patient and learn new stuff each day. Apply it and study the results. Instead of concentrating on blogging alone, try affilate marketing, SEO works, content creation, link building services, etc. My best advice for those who are new to blogging is don’t quit your current job. Always hunt for alternate source of income. Use blog as your last weapon.
My answer of best time to quit job is:
1. Getting montly income from various source of total $1k/month/family member
2. Secured saving of $300k (earns dividend)
3. Paid full hire purchase and housing loan
4. Have health insurance for all family members
What is your idea on the best time to quit job?
I think it is wonderful advise to have “secured savings” before leaving the 9-5 in search of alternative incomes sources, but 300k+ may be a bit pricey for the average worker. What type of investments do you recommend? Real estate, stocks, bonds? Or other high risk investments such as stock futures?
It is a dream come true story for many. However, it is not that easy. Earning good online stream will take time and considerate amount of investment too.
Working at home has its plus and minuses. Requires a lot of discipline, you can save the cost of transport to work. We can divide his time working at several stages, and we do not have to get up early in the morning
For me, the best time to quit for a job, is when you get a stable income for which you have already your own business, you have your employee, you own a savings at a bank, you have properties such us a land, house and a car. Don’t have any problem regarding financial matters. You get to attend all your needs. And after that, then maybe you have to quit your job.
I been working from home for almost two years now. One of the best decisions I have ever made. Of course it is tough on your own initially, but it’s ballsy people who make it, EVERY TIME. Launch out into the deep blue sea….. get away from the timid feeders who stay on the bank….get good coaching “daily” and burn the bridges behind you so you can’t run back when the pressures on!
Good to hear you are working from home for last 2 years. I’m proud of it because you mention it is one of your best decision ever made.