Assuming the side gig is a passive lifestyle business run on the internet, how much would you have to make before considering quitting your full time job (as a percentage of your day job TC)? Your side gig would give you freedom to be remote, work on your own schedule, etc
Any ideas for good passive side income ?
Become a youtuber, blog, find some niche and talk about it. Plenty of youtubers making millions on something as obscure as MREs or reviewing airlines
I'd badly wanted to review United. The most fkd up airlines ever and they never learn to treat customers with respect.
Nothing to disappoint anyone but let's face the truth. We all who talk about quitting the job are actually those people who in their college days dreamt of making so much money that they can buy moon. Only to have no direction and following up on everyone's path to become an employee. Some may have tried a startup here or a business there but we with half heated effort nothing comes through. Now after spending so much time being an employee the feeling even sucks more and since we are dependent on the job we are getting sucked in to this system more day by day.
I feel attacked
Those who answered >100% will never quit their jobs.
To answer this question a few other essential considerations are: 1.) what are your liabilities (kiddos, mortgage, retirement etc) 2.) what is your new col? (If it is 10x less than where you’re currently at, this number changes drastically) 3.) what is your objective of doing so? (Are you just burnt out and need a 6mo travel breather? Are you looking to “retire”?) Also is your goal a passive/automated business or to work remotely. Those are two different things.
Uncertain money > 2x certain, easy, day job money.
Actually the fact is that the system is becoming fkd up in a way it's tough to stay without a job even with passive income. Increasing property taxes, health insurance discount only through job and ofcourse inflation.
If you quit your main job, you could move to a country with nationalized health care (Canada, Europe, Asia)
But America is my dream land.