Post
Topic
Board Economics
Re: When your passive income equals or slightly above your salary, what would you do
by
gabbie2010
on 08/02/2023, 06:01:39 UTC

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Well if you don't have much financial commitments I support quiting your job to fully concentrate on your passive income which I believe will yield more earnings, financial obligations in terms paying for bills, goods and services, catering for a family etc, alternatively if your daily job doesn't hinder the process earning your passive income, I think you should continue to endure with your daily job and do both side by side and give your daily job a time frame for proper planning before finally quiting maybe in one or years provided that you have made enough savings or investment.