Forum Moderators: phranque
I dont make much at my job. 30k a year. I've been with adsense for about 6 months now and make much more then i would at my job. With adsense and all of my other affilates i'm closing on 10k/month.
I've been thinking about quiting my job but i'm always affraid of just having adsense and affiliate income because you never know what might happen. Should i take the risk and quit. If i did i would have more time to develop and probably increase my earnings to 15k/month.
while i'm not one to give business advice (i'm a humanities academic) i do say "get out of the office" to everyone i meet, so do it! Having a backup plan is absolutely essential though, and with your work experience you likely do have one. I would invest your money in real estate or something concrete though that you can fall back on if you need to.
I also freelance from home and have found that slacking off on my work happens, often, but that once I give myself a project to do it usually comes through.
And it's fun to work in your pajamas, in your own house, with your own bathroom, etc. and no guy in suspenders holding a cup of coffee telling you about memo cover pages.
Life is full of risks. If it's the right thing to do then it's the right thing to do. Just mitigate any potential disaster with a backup plan and backup finances in place.
TJ
That's $30k/year to sit in a cubicle, do your personal stuff on company computers, and listen to your boss say, "Ummmm... yeah... I'm gonna have to go ahead and get you to send me those flowcharts and Powerpoint slides by 1:00p.m."
$30k/year is a decent amount of money for a stress-less job, IMO
Yea i know its 30k extra a year but i just dont have any interest in my job anymore. I come in and start working on my own sites and when my manager comes by the desk and says heeeyyy whats happening! i'm gonna need you to do this and that...i just want to say dude i'm busy. I dont have anything saved up right now so if i quit i would have to depend on adsense and other affilates as my main income.
I dont have anything saved up right now so if i quit i would have to depend on adsense and other affilates as my main income.
Then stick it out a few more months. I wouldn't give up a salaried job for a fickle business without anything in the bank.
And there's not much that's more fickle than the web...
TJ
you are making 10k a month plus 30k a year and you don't have anything saved?
My first comment was that they should be doing affiliate marketing in that time, then I had to explain why I really didn't want him to recommend me for a job there lol.
Budget your necessary expenses for a month. Then figure out how many months it takes to get a new job in your field, and save up the necessary funds. if you can get out, then for god's sake go.
I also work for a computer software company and come in everyday 9-5
Unless you're an accountant, receptionist or something else non-technical I can't imagine any 9-5 software company as I never got out earlier than 8pm most days (that's an early day too) unless I just never came back from lunch!
Then stick it out a few more months. I wouldn't give up a salaried job for a fickle business without anything in the bank.
Oh come on, I bailed out of the corporate jungle about 6 years ago and have lived off the web ever since in one form or another, it's not that fickle.
FYI, in some states anything you do AT THE OFFICE the company owns so if you get caught working on your websites at the office, they might just claim everything you've ever done from your desk as THEIRS.
[edited by: incrediBILL at 4:29 pm (utc) on April 10, 2006]
Work at this from two directions. Save money, obviously, but also do everything you can to reduce your monthly obligations. Wind up debts, pay off credit cards, look for ways to reduce expenses. Get used to living on a cash basis, not credit, annd develop the discipline of waiting until you have the money before making purchases. It's easier to ride the rollercoaster of a freelance income if you have the freedom to postpone spending in a lean month, instead of facing a stack of bills that MUST be paid to cover past purchases.
Good luck!
What you should be doing is living on your 30k for a year and investing 100% of your adsense income some of the high dividend stocks or similar investments. When you can live on those dividend payments, then quit your job.
I'm not suggesting that everyone needs to do this before switching to adsence as their sole income (though it wouldn't hurt) but it sounds like you need to learn some money management if you yave been making 150k without putting any away.
On a serious note: You said twice that you get paid 30k per year an spend office hours working on your own business, how is that honest or acceptable? What is the difference between you and an MFA owner that you have been screaming your lungs against in this forum, or someone who is clicking their own ads for a living? Is Google money honest money and your employer's free game? Not nice, StuntasticAudi, for your own good revise your standards.
9-5 job wont get you 7 digit bank account.
You need 6 months living expenses to keep you going after the point you decide it isn't going to work.
I went for about 18 months living expence when I left my job. I decided if it got down to 6 months I'd start looking for another job. Hasn't happened yet although I'm not living solely off adsense.
I have been doing just fine for a number of years now... I only work from home and do just fine. I have multiple CDs in the bank generating income. Also some income property up in Oregon.
Getting up at 10:00am and staying up until you get tired is the best way to do it. Taking naps, eating when you want, having your own executive bathroom. Watching TV, listening to Satellite Radio ... going outside working in the garden, making PodCasts... spending your time as you see fit. Wasting time or being productive... it is your choice. Working for yourself is the way to live.
Mike
Also, once you get the hang of adsense you'll want to branch out into investing in stocks, bonds, real estate, etc...
This site is a true asset for anyone’s future. Thanks to Webmaster World, I'm learning about how to really turn adsense into one source of income and about working for myself so that I will never have to worry about the drudge of a 9-5 job.
Elliot
the drudge of a 9-5 job
Stroking StuntasticAudi's ego:
Wow 10k monthly you must be good!
On a serious note: You said twice that you get paid 30k per year an spend office hours working on your own business, how is that honest or acceptable? What is the difference between you and an MFA owner that you have been screaming your lungs against in this forum, or someone who is clicking their own ads for a living? Is Google money honest money and your employer's free game? Not nice, StuntasticAudi, for your own good revise your standards.
How is that honest or acceptable? lol i'm sorry that you're one of those people that is so loyal to your company but i'm just not. I can care less i'm not going to sit there and make money for my boss while he's golfing..sorry i come in and do my own work while i get paid at my job.
Anyways i left after lunch today. No more work for me. I was making $30k a year at work and now just started making good money from adsense. I had a lot of debt and it is finally paid off. I can now live off adsense and affilate income.
i'm sorry that you're one of those people that is so loyal to your company
You might also draft up a letter to ownership stating that they might save $30,000 a year by eliminating your position and ask for a severance package.
I used to work on my site at work also. If my work was completed and instead of joining others in play.
