Time to leave my job?
Hey everyone, I've been building a side hustle for a few years now an am wondering it makes sense to consider leaving my job.
Currently I (27M) work as an account executive and make $150K a year. I have been building my business on the side and after about 2.5 years of doing on the side, it's starting to get exhausting. Not because I don't have the time to get the stuff I need to done, I manage to do both well, but I feel my business is getting the scraps of my mind.
I'm essentially selling my best mental hours to the company I work for, in a relatively demanding career, and feel I can make up the difference by going into business full time for myself. There are days where I am so exhausted I do not work on the business after my 9-5, and have to make it up on the weekends.
When I work on my business I feel energized. I love overcoming the challenges, it makes me smile, and it feels like I can work on it forever. I describe it as the best video game I have ever played. But I wonder if that's because the stakes are low.
Some info about me:
- I make $150K a year in my sales job. The business will do $125K this year. We have out-earned my salary the last 5 months in a row.
- I have no debt and I have $300K in liquid savings.
- I hired my fiancé about a year ago to remove myself as the bottleneck and our profits went from $65K to $125K. However this is income we would need to split so it's technically a slight paycut. We are frugal and make more than we spend by a good margin.
- A lot of people in my industry are struggling right now so I worry about sustainability of the business. We plan to have a family in a few years.
My gut is telling me that I am young, I don't have any major responsibilities (mortgage, kids, etc.) and I should really give it a go to prevent future regret. I've also proven to myself that this is not some fluke and have likely stayed in the job for longer than necessary out of fear.
A lot of close people in my life, including parents, have tried to talk me out of it. I have tried to suppress it for around 6 months, but the "Sunday Scaries" and generally anxiousness about making a change has only grown with time. They tell me I'd be throwing away a great job, but it feels like I am succeeding at a job I do not want.
Thoughts on if it makes sense to take the leap?
