August 2, 2012, 4:44 am

Should You Quit Your Job If You Hate it? The Quick Guide to Quitting

by: MD    Category: Alternative Income
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Let’s say that you hate your job and can’t handle it any more. You’re at the breaking point and you want to get out. What do you do? Should you quit your job? Should you shut up and just be happy that you have a job?

Last week we looked at the dark side of following your passions. Today’s all about quitting and getting out of a job that you can’t handle.

Let’s start off by looking at quitting your job to see if it’s even the right move for you.

What are some signs that you should quit your job?

  • Your personal relationships are affected. When you start to take out your frustrations on friends and family because you had a bad day at work, that’s a warning sign. A steady income is great. You just don’t want to lose all of your friends because you snap on them after work.
  • There’s a negative affect on your health. If you find yourself tired, stressed, and always getting sick because of work you might want to look into some changes. If your job causes you to barely get any sleep in, you should also reconsider your options.
  • The rest of your life suffers. If your overall quality of life suffers because of work, you should think about running. Life is too beautiful to live it feeling miserable every single day.

So now you know when to quit or when it’s time to think about moving on.

Knowing that you have a problem is usually the first (and most important) step to making some changes. Then reality sinks in and a plethora of other thoughts hit you.

How do you deal with the common issues? What do you need to think about before quitting?

Paying your bills (not becoming homeless!).

You don’t want to be homeless. Being tired at work beats the alternative- being broke and unable to buy any decent food.

It’s easy for any blogger to go online to brag about how many emails they have and how they follow their passions. The reality is that most of you reading this have real bills to deal with. You have real responsibilities that you can’t escape from.

Before you even ponder quitting, you must seriously think about how you plan on covering your bills. What will you do for money now? What’s your plan to make a buck or two?

Dealing with your debt.

One of my good friends wanted to quit his job for the longest time but just couldn’t do it because of his student loans. He then decided to save up one year worth of loan payments in his savings account so that he could still meet his student loan obligations after he quit.

He was able to quit his job and still pay his student loans on time. This is the smart way to do it. You don’t want to get nailed with late fees or any penalties.

Debt will always play a role in your ability to quit. This is why you must factor in your debt (consumer, student loans, and home mortgage) before you quit your job.

Filling up your day with stuff to do.

What are you going to do all day? Aside from traveling and going on trips, you still need to figure out how to spend the majority of your time. How will your time fly by?

My one buddy who quit his job found himself doing nothing all day. He went from hustling constantly to sleeping in past lunch. After a few months he snapped and went back to work to keep his sanity. He found that for his happiness, he needed to work and do something productive.

Before you hand in your two weeks notice you might want to create a plan for how you’re going to spend your days.

That’s what you need to plan before making the decision to quit your job.

Time to answer the question: should you quit your job if you hate it?

Yes. Yes you should definitely quit.

Now hold up. Don’t freak out jsust yet. I realize that I’m 24 and don’t have a family. I don’t want to come off like a hypocrite.

I’m a huge proponent of two different strategies when it comes to planning your exit strategy.

What are the two best ways to quit your job in the near future?

  1. Creating your own job to replace your income. We all need money. This is why you need to replace your income. You can go through the archives here or choose one of the many strategies available out there to create your own income.
  2. Sacrificing now to enjoy yourself later. I believe in putting in the work today so that you can relax tomorrow. I do this all of the time before a big trip. I work as much as possible, save my money, and cut back. Then I take off for a few weeks on a stress-free trip. You can do this too. Work long hours, pick up an extra job, and sacrifice now so that you can eventually quit your job in a few months.

Now you’re ready to quit your job.

I would love to hear from anyone that has quit a job recently. How did you do it? How much planning was involved?

What about those of you that want to quit. What are you going to do to ensure that you can quit soon?

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Comments

I am sure Sam will point out that quitting isn’t optimal and that you should try to get severance. If you are miserable something does need to change though. Just make sure you have a game plan so you don’t regret whatever you end up doing. Impulsive decisions normally do not pay off well.

MD, can you talk about your first corporate job after college and why you hated it? 1-2 years is not exactly a long time to be in one place.

Lance is right. Never quit, get laid instead.

Hey Sam, I never said I had a corporate job after college 🙂

Hmmm, but you just wrote a post about whether you should quit your job.

What am I missing here MD?

thx

Lol do you ever shut up? You’re not missing anything and I’m not getting into a debate with someone that refers to themselves as a samurai.

It’s a discussion about quitting. I’ve helped many friends quit their jobs recently and I wanted to throw all of the information into a blog post.

It’s funny because I”ve been thinking really hard recently about quitting my job and startring my own business, and this mentioned a few things I hadn’t thought about. Namely, sleep and my personal relationships. Now I’ve got more to think about (which is good!)!

Hey TB, do you find that your personal relationships are taking a hit? Btw, thanks for stopping by.

I tried to find a way to get laid off from my job for a long time because I did not want to quit, I was there for 6 years and in hindsight, it was not worth putting up with staying. Finally last month my position was eliminated in a restructuring and I was given the option to leave. My last day was Tuesday and it was the right decision for me, both professionally and personally. I was averaging 4 hours of sleep a night with a 70 mile commute each way. I loved the money but hated everything else. Its going to take me a long time to get used to not waking up at 3am but I think I’ll manage 🙂

I know how it feels to literally drag my feet to get to work and watch the clock and wait for 5 o’clock so that I can leave the office as soon as possible. When I felt so stressed with my job, I started to look for another job in other companies. Similarly, I also started working on my blogs and taking writing jobs. When I have saved enough money and realized I can make money through my blogs and writing gigs, I left my job without any hesitation.

Great post. Indeed, quitting a job is a major decision. There are many things to consider and it’s best to weigh things the way you presented. It serves as a good mindset for those who have good enough reason to quit.

MD, as you know, I love this topic. I fear that whatever I type will get you offended, but I guess I’ll chance it.

I would love to read more about your story e.g. your decision to not get a job and do your own thing (didn’t realize you didn’t work for someone until your comment), whether you think you will ever work for a traditional company, and your main income streams to support yourself.

I’m wondering myself now that I’ve tasted freedom to do what I want that I will forever want to always do my own thing and never go back to working for someone else.

Please don’t shoot me and go in a rage for asking these questions. If Mike wants more commenting and interaction, he needs to have an open platform. Otherwise, people will be too gunshy to comment.

Thx,

Sam

by: The Financial Blogger | August 3rd, 2012 (10:12 am)

Hey Sam,

MD actually made the decision to not work full time for anybody, it’s quite similar to quit a job. Not getting a full time job is a tough decision, especially when you start working.

I actually quit my first job because I didn’t like it. Instead of waiting 6 months to a year to get laid-off, I’ve use all my energy to find a job that I like and started to work for a new employer 2 weeks after. Within 6 months, I got a promotion and was making 40% more at my new job. If I had to wait 6 to 12 months to get laid-off, I might have receive a package (I wonder which kind of supper small package I could have gotten for a junior admin clerk in a financial institution) but I could have not get that great job and promotion during that time. Most importantly, it took me only 2 weeks to find a job that I love. Waking up and thinking that I hate my job would have killed me if I had to wait 6 to 12 months!

by: The Financial Blogger | August 3rd, 2012 (10:14 am)

@Lance,

I think you should read this super old post:
http://www.thefinancialblogger.com/one-of-the-best-things-i-never-did-quitting-my-job/

It was quite an impulsive decision I took (got my evaluation on Friday and quit on Monday) but it was the best decision I never made in my career 😀

Hey Sam,

Sorry I didn’t mean to get offended. As a blogger, I sometimes have to cover topics that I’m not experienced in personally. The comment that I deleted made it seem like I was just making stuff up.

I got the original idea to write about quitting a job from a friend. I helped him quit and we went through everything together. I wrote about it here:

http://studenomics.com/career-help/finding-work-facebook-killing-debt/

I got the idea this week to write about it because it seems that all of my friends that have graduated in the last few years hate their jobs. Everyone I talk to wants to quit. This is just a sample group from Toronto, and I’m sure it’s different in other parts of the world. I just talk with lots of people that want to find a way out.

As for me:

I’m in a unique situation. I made it a personal goal to never have any credit card debt or student loan debt. I worked like an animal in college. I worked full-time during the school year and then picked up more work in the summer. I also applied for every form of free money available. Then I started blogging as a student and I made money at it too. On top of a fitness schedule and younger brothers, you can imagine why it didn’t work out with my previous serious gf lol!

The end result was that I graduated from college debt free with money invested in stock market/real estate. I decided to use my new found free time to find more freelance writing work, to put out eBooks, and to travel.

We are all in different situations. I was lucky to not desperately need a job.I believe you mentioned that you had a job lined up, Sam. That’s a position most would like to be in, instead of searching for some mundane work. I didn’t have any job offers so I stuck with my own work.

These days I have a part-time job that I could work whenever I want. If things online are slow I just pick up shifts. My online income comes from a variety of freelance writing sources and blog work. Studenomics also brings in money from affiliate marketing, Adsense, and text links.

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i was surfing the internet just now for finding answers to something like ” Is taking too much professional responsibility killing me? ” / ” Is over ambition killing me? ” / ” will quitting top job kill me ?” when your blog appeared on google… and it seems i’m not the only one… in my case…i’ve changed 8 jobs and tried 2 unsuccessful businesses in 9 years….and every time its the same I just don’t like it after a few initial months.. and end up quitting…Contemplating the same at present… quitting a very highly paid job… and surprisingly… its not pressure in office or from bosses or quality of work etc…but purely self and world’s expectations… thats actually bearing me down… I’ve bitten too much to chew.. and too anxious to acknowledge….

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