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Showing posts from March, 2021

Why it gets harder to quit your job and start a business

I had been seriously thinking about quitting my job, and just working on the side. But whenever I think of this, I try to compare my earnings to my day job. When I just graduated, my starting pay was $3200. Looking back, this could be easily achieved through a side hustle for example giving tuition. Assuming I am paid $40 an hour, that would be 80 hours of lessons per month, or 20 hours a week ( assuming 4 weeks a month). But as your salary grows to let's say $10000, you will need 200 hours of tuition or in other words 50 hours per week to end your worth of salary. I know, if one wants to earn $10,000 worth of salary from an alternative job, then giving one to one tuition is not the way. Group tuition and other means is a better way to earn more. Why am I talking about this? Well, I am seriously considering taking a step back in career. But I have yet to have enough passive income, and holy crap, the thought of losing my current income just scares everything out of me. So when I wa