Pulling The Plug On A Bad Job

Sarah is calling because her husband is miserable in his job and wants to do something on his own. When is it okay for them to pull the plug on the job and do it?

QUESTION: Sarah in Dallas is calling because her husband is miserable in his job and wants to do something on his own. When is it okay for them to pull the plug on the job and do it? Dave says he has to mix wisdom in with this decision.

ANSWER: You have to mix the wisdom of doing something with your life that you love with a process that doesn't leave your family in jeopardy. Let's not run from something; let's run to something. He needs to find his passion, grab Dan Miller's books, and begin to really lay out what it is he wants to do. Don't go do something just for money. He's already tried that. Go do something that he thinks he's going to love doing, and then figure out a way to make $200,000 a year doing that. There's no reason this has to be a pay cut. It may be a pay cut temporarily, but it's got to be going somewhere.

Even if you take a step down and you use this huge savings or some of it to live on while you get going, that's fine. Or you could just bring your lifestyle down. You don't have much of a lifestyle. My point is, it doesn't take you $100,000 a year to live. You can probably live on $50,000 as long as you have a future, but I want a future of making $200,000.

You don't want to spend your life doing something you hate. If every Monday looks like a root canal, you don't want to live like that.

Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Reach Your Money Goals

Reach Your Money Goals

Start with a budget. Join the millions already budgeting with EveryDollar!

Create My (FREE) Budget

Thank You!

Your 8-Day Jump Start is on its way to !