Updated: Jul 14
Have you ever gotten to the place where you wanted to quit your 9-to-5? If you're like most, I am sure you have at one time or another.
According to one study, last year, even with job security at its lowest during the height of the pandemic, 41% of employees considered leaving their job.
Some of the reasons included:
- to escape a toxic work environment
- a flexible schedule
- to bring in more income
- to pursue more meaningful work
- more freedom
- more happiness
By no means do I think that everyone needs to leave there 9-to-5, but if it makes you sick, stressing you out, not positioning you to live life on the level you desire, it may be time to change.
The pandemic caused many people to reconsider their outlook on life and re-evaluate what's important to them.
My motivation for transitioning from my 9-to-5 was for a greater level of financial freedom and independence. I didn't want my lifestyle to be dictated by my paycheck any longer.
It took about five years before I officially transitioned because I was fearful of the potential outcomes of such a big move. Eventually, I gained enough courage to take "the leap of faith."
In the remainder of this article, I will cover the three major fears of leaving a 9-to-5 and how to overcome them.
1. Fear of Running Out of Money
This fear could be number one, two, and three. There's no denying that it takes money to live in this world, no matter who you are.
And when you don't have enough of it, life can become very challenging to say the least.
The problem is, most working professionals try to live their entire lives from a single stream of income. This is one of the biggest mind-shift that I have to help my clients make.
I won't say it's impossible, but it's challenging living a financially independent life with one source of income. The reason being, every other aspect of your life is growing at an exponential rate.
Some areas could include: having (more) kids, credit card debt, student loan debt, cost of living, and we can't forget to mention inflation. All of these things are likely increasing at a more accelerated rate than your salary.
This is why you have to create additional streams of income—the day of being able to maintain from working one job until retirement is long gone.
I alleviated my fear of running out of money by establishing other streams of income that could sustain me during a job or career transition.
There are numerous side hustles that you can do to start making money immediately. Find one that's right for you and get those other streams of income flowing. I trade currency in the FOREX market.
That may or may not be your cup of tea. It doesn't matter what you do but do something. If you would like to learn more about trading in the FOREX market, let's schedule a time to talk.
2. Fear of Failure
I am sure you have heard of the acronym for F.E.A.R, "false evidence appearing real. That is what fear of failing is, a false projection of the future you have created based on your worries and anxieties.
When I got consumed with thoughts of failure, I had to tell that little voice inside me to shut up. You have to change your mindset and eradicate the fear of failure mentality. Instead, look at what you call failing as feedback.
If the original plan doesn't work, see what you can take from it to improve next time.
When I was planning my transition, I overcame the fear of failing by asking myself, "What's the worse that could happen?" Once I anticipated this worst-case scenario, I created a plan of action I could implement if that particular outcome came to fruition. Remember, failure is only feedback that allows you the opportunity to get better.
3. Fear of Losing Job Security
If there is one thing the pandemic taught us, there is no such thing as job security. I learned this early on in my professional career after getting laid off from my first job after only two years. Since then, I never allowed myself to get too comfortable depending solely on income from a job.
Job security is somewhat of an illusion because things can change at the drop of a dime. You could get laid off re-assigned, or the company could shut down. That's why you must take full ownership of every aspect of your life.
Appreciate your job and be thankful for it, but don't be deceived into believing that it couldn't be gone tomorrow. Instead, prepare for that day as if you were sure it was coming. That way, you will be prepared just in case it does happen.
So remember, there is nothing to fear if you have the right mindset, a plan of action, and faith that whatever may come your way, you'll be just fine.
If you would like to learn more about how I can help you live more independent of your 9-to-5, visit my website or schedule a strategy call with me.
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