What is the first thing you should start today, if you already haven't? Your "I Quit" Fund. Really, it's your freedom fund. It gives you a sense of confidence and freedom. When a person has an "I Quit" fund, they interview for a job differently. With an "I Quit" fund, they walk around the job differently. They seem fearless, crazy confident and amazingly attractive.
Hard to believe, huh?
I tell all my friends that they should create an "I quit" fund. You should too!
What's an "I Quit Fund"? It's simply what financial advisers call an emergency fund. It's a stash of money that takes care of up to 3-6 months of household expenses, in case you lose your job. Or in case you simply decide you can't stand your job, not one more day . . . not one more moment.
There are so many horror stories about bad bosses, crazy co-workers and dysfunctional working environments it's unreal. We, as employees, take all kinds of abuse because we need the "security" of a paycheck. But really, should we take that stress and abuse? We work hard, shouldn't we assure ourselves of a LIFE as trade off for the hours spent with people that we don't voluntarily choose to hang around?
Begin your "I quit" fund. Start today. Stash away $10 or $20 or more. That's what I did. I stashed away a few dollars every week and I do it to this very day. Back then, whenever I got some extra money: a tip, a bonus, a raise, I put the money aside. Whenever I worked a side gig, I stashed away half of whatever I earned. Soon, I had over $500 in my little secret fund. I decided that I wanted my money to grow faster than I could save it or earn it, so I put the money where it would grow. Within a few months, I had a paycheck worth of savings. Slowly, but surely I was starting to realize my freedom.
Amassing my "I quit" fund got down-right addictive. I would save up a paycheck worth of "I quit" funds before I would deposit it into my little mutual fund (that was the way I grew my money). I did this simply because I liked to count my money after a particularly hard day at work. I would sit there going with stacks of hundred- and twenty-dollar bills, literally touching my freedom. It felt damned good knowing that I had enough money to scream out "I quit" and at least be able to survive for 30 days before going hungry. It was a heady feeling . . . a feeling of true freedom.
Indeed, that money came in very handy. Eventually, an ethical dilemma came up on my job. I had a discussion with my boss about the unethical practice we were embarking in. I told him that I did not feel comfortable doing the task that the company wanted me to do. He demanded that I continue with the process or endanger my employment. I quit.
Everyone was flabbergasted! How could I quit? Didn't I need my job? What would I do next? All types of questions flew around me. No one understood, how I was brave enough, free enough, to actually quit . . . not my boss, not the other employees, not anyone. I walked out the door, very satisfied with myself. Feeling a total control over my life that few people ever feel.
Since that day, I have been hooked on saving. Even if I save $1 a day, that's one dollar closer to my FREEDOM. It feels good not being a slave to a job, or a career, or the dictates of superiors in an organization.
How do you create a little bit of freedom in your life?
If you like this article, you should read:
- 14 Reasons You Know It Is Time to Quit
- Why I Won't Apply for Your Job
- Money & Charlie and the Chocolate Factory
- Money is Everywhere!
- If SHE Can Save . . .
- Your Six Figure Income
Do me a favor . . . Click one of the icons below and share this article with friends! Leave a COMMENT by clicking on the little orange "comment" below right by "written by Telemill" notation. It's the little things you do that make the biggest difference. Thanks.