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 was looking at alternative income I considered the side hustles that I did previously, particularly when I was in University - tuition. A calculation shows that to earn what I am earning now through tuition requires more time from me than my 40 hour day job. It is not an alternative to me to stop working on my corporate job. This simple calculation is keeping me rooted to my job.

But, if I were still in my $3+ k job, then leaving for tuition so that I can choose what time I want to work at, seems logical...

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