Do you like to grocery-shop during the madness of Saturday afternoons? Do you like getting stuck in 5 o-clock traffic, leaving you alone in your car for hours? And do you like eating that same ol’ cafeteria food at work day in and day out? Me neither. That’s why I often contemplate working for myself.
I started my website nearly 6 years ago. I’ve received a fair amount of recognition and earned quite a lot of money along the way, but could I really earn enough to make a living outside of full-time work at the office?
The short answer: Of course!
As of today, Liz and I could get by pretty easily on $3,000 a month.
We make about:
- $900 a month with our rental,
- $500 a month with this website,
- and I could probably earn another $1,600 a month as a freelance writer.
So yes, we could make it work and could survive for many years to come.
In my opinion, there are two more questions that we need to ask ourselves though:
- Do we have the right personalities/qualities to work for ourselves?
- Would we enjoy life without working a regular job?
Liz and I are pretty passive people. We don’t network naturally, we aren’t great self-promoters, and we aren’t always the most determined people on a regular basis. With these characteristics, would we even enjoy the grind of trying to work our own business? I’m not so sure.
What about you? Do you have what it takes to quit your job and start working for yourself?
My friend Matt recently sent me the infographic below. I’ll admit that it pretty much only shows the sunny side of self-employment, but it also asks quite a few important questions about your personality and your strengths. Take a look and be honest with yourself. Should you start a website, quit your job, and work on your own terms? Or, are you better off earning a hefty salary at work?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.