Quitting My Job with Only $150 Monthly Side Income
Why I left
Since I was in highschool, I never wanted to work a 9-5 job. I have been the person that likes to have control of what I am doing, and with the things that I build.
What I don't like about 9-5
- A 9-5 forces you to stay there even when you have finished your work.
- You rely on your boss and people above you to make you be successful.
- The amount of work you put in doesn't directly correlate with what you get.
- You don't have control of the companies future
- There are a lot of corporate politics that you have to maneuver
- You are not allowed to speak your mind freely, and really voice your opinions
Those are just some of the reasons, but there are a lot more. That is why I have always wanted to figure out a way to make money without working a 9-5. However then came university and internships, and one thing led to another, and I found myself at my last semester of university. During that last semester I started taking things a lot more seriously. I would wake up at 3am before going to class to learn web development, but nothing worked out so I ended up taking a job.
Now as far as a 9-5 job went, the job I had was as good as it gets. My boss was the best boss I could have ever asked for. He taught me more then I could ever image. He helped me quickly grow into a leader, but the passion to create something of my own and work on my own terms never disappeared.
How I left
Like I said, I have been trying to find a way to make money since the last semester of university. I have tried to create multiple startups which included trying to build a social networks site, then an app, then various other apps. But none of them had much success. Then at the beginning of 2020 I had realized while learning all these technologies I had learned a lot through all the failures and struggles. I decided it would be a good idea to put all this knowledge online.
Starting a youtube channel was always something I wanted to do. I actually started multiple channels when I was a kid, playing minecraft or some other games. But I never kept up and just deleted them after some time. This time I started one with a purpose. At first I didn't tell anybody that I started it, not even my girlfriend. But then I got my first 50 subscribers and I let her know, then it kept growing and growing. And now at over 7,500 subscribers it has grown bigger than I have ever imagined.
Now I know what you're thinking 7,500 subscribers is not nearly enough to be making adequate money and thus quitting your job. I fully agree with you. But like I said, this has been something I have wanted to do since highschool. So I have been saving up money this whole time I have been working, and just waiting for an opportunity to give it my all. There is a little of bit of promise I believe, and with my savings I have given myself a year of hardwork to make this promise a reality.
I have also been saving all my vacation days for this year, for a long trip. Instead I will now use this vacation for the month of December as a grace period to give it my all. And then my last official day of work will be January 15th, which will mark exactly 1 year since I uploaded my first video.
What's the plan
As the title says I have a cashflow of around $150 a month. Obviously this is not even close to enough to cover rent for me. Like I said I have about a year of savings to give myself a real shot at increasing that number. Here are the following things I will be trying to do to get to that:
- Keep growing my youtube channel - I have a lot of ideas that I think will not only help the channel grow, but help a lot of people learn a lot about programming.
- Other ways to monetize related to YouTube - there are a lot of ways to monetize a channel other then youtube ads. For example sponsored videos, creating articles for the videos, affiliate links, patreon, etc.
- Creating a Start Up - There is an app I have been working on for quite some time now. The goal is to finish it up early 2021 and release it. I am working on with one other person and the feedback we have gotten is very positive thus far.
There are a couple other methods I have been thinking about, but those are the main 3 that I believe have the most potential.
I know this is a big risk, but it is also the most excited I have been in my life. By the end of 2021 we will all know whether I have made the best decision of my life, or the biggest mistake of my life. Stay tuned for more on this journey by following along:
My Website (work in progress): https://tadaspetra.com
And if you enjoy my work and would like to support me:
In search of financial freedom I finally ended up living on a boat, I love every day of it. Not an expensive one, but just good enough.
I don't have to pay rent or mortgage and this lowers my monthly expenses dramatically. I'd say less than 25% of what it used to be when I lived in a house.
The lower recurring costs allow me to generate less income if I please. It gives me the freedom to refuse or accept a gig, to try out ideas that come to mind, or enjoy life and do nothing for a while. Perhaps it's something for you to consider. It doesn't have to be forever... maybe just until you do make enough money to rent or buy a house and don't stress about paying for it.
And if you wish, you can change your surroundings just by sailing to another place.
I wish you good luck, whatever you have in mind, keep at it! Also when everything goes dark - keep at it, don't give up!
ps: internet in most harbors is fast enough to stream live video :-)
Cryptokkie After looking into it, I don't think right now is the right time for it. The prices have increased so much this year, and with the forbearance, and potential foreclosures coming next year, it could be a really bad time to invest. I think I will wait at least a year, and then reevaluate!
I have ben working with youtube for the last 2 years. For me, 7.5K subscribers is a lot! Congrats on that. I have about 4.9K and I make zero money from youtube/sponsors...
I'm wishing you the best of luck! I'm sure you'll make it.
I write daily web development tips that help you become a more efficient developer. 👨💻⚡️
Nice man, you're going to make it work, even if it means getting back a side job for a second.
Best of luck, and if you ever need help, reach out. ✌️
That takes courage man!
Contemplating the same from time to time, but with 4 people depending on my income, I don't think I could take the pressure of immediate success that would come with that.
I'm curious to read the follow up and follow the progress.
What would you say that the minimum cost of living in Chicago, IL is like?
Thanks Stephan. And according to my budgeting, I would need a minimum of $1500 a month (after taxes) to be able to sustain my current life.
However, I live in a suburb in a small apartment and live super cheap haha. Realistically especially in the city you would need at least double that to live a normal life.