Quote:
Originally Posted by rene_stpierre  In my opinion, in order to succeed in a new career, you need to have financial stability first.
This could mean keeping your day job until your new career earns you enough. It could also mean, finding a way to finance your new endeavous and ensure financial stability while you ramp-up your new business.
If someone does not have financial stability, this person will most likely make bad and reckless decisions spurred by an urgency to make money fast. In the long term, this will have very negative effects.
On the other hand, someone with financial stability is not desperate for extra cash immediately and can take its time to make the right decisions for a long term success.
René |
Great point, Rene. It's very difficult to make logical decisions when forced to act out of fear and desperation.
The big problem most of the time is that people just stay comfortable and never take action, even though they want to change their situation....man, I was that way for over 12 years. Now I've built up enough semi-passive income to quit thanks to stumbling on Steve P. almost year ago... gave me the motivation to quit sitting around and take massive action to quit my job.
I suppose in some situations though, taking a leap of faith is really not all that bad. Although I'd rather take the leap of faith with no money than to take it with a mountain of debt. Unfortunately, I had a mountain of debt...which is inches away from being paid off...then it's quittin day!
Thad