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  • Rohit Musale, CFA

Why I Quit My Job

Are you fed up with your 9-to-5 job and want to start your own business?


This transition from quitting your job, to starting your business, is not going to be very easy, unless you have very compelling reasons to do so.


In this post, I want to share with you, my compelling reasons, when I made that transition.


1) I wanted the freedom of time, money, and location


a) Freedom of time


When I was working in Dubai, in a bank, at a 9-to-5 job, I had none of those three freedoms.


I never had the freedom of time, because I had to be in the office from 8:30 in the morning, till five or six in the evening.


My time was not in my control.


The only time I had during those days, was weekends.


Sometimes I had to go to the office on weekends as well.


I did not have the freedom of time.


b) Freedom of money


Whatever money I was earning, was active income, not passive income.


For some reason, if I had stopped working, my income would have stopped.


I was dependent on active income.


Hence, I had to go to the office.


I never had any freedom of money.


Today, since I own a couple of profitable companies here in India, I have some passive income coming in, which takes care of all my expenses.


Now, I have that freedom of money.


I don't report to any boss, so I have the freedom of time as well.


c) Freedom of location


The office was fixed in a particular place.


I had to go there and visit the office, five days a week.


That was not freedom of location.


I wanted to be able to work from anywhere I wanted.


I never had that freedom, when I was working at a 9-to-5 job.


It was creating frustration and irritation for me.


Hence, I decided to call it quits.


It was a very compelling reason for me.


2) I wanted to give more time to my family


It was not possible, because I would spend 12 hours per day at work, including traveling time.


Add to that, seven to eight hours of sleep and 20 hours of the day are gone.


I was left with only four hours for the family.


I did not want that kind of a life.


I wanted to spend more time with my family.


These days, I work from home.


Both of my businesses are online.


I don't have an office.


I don't need an office.


We live in a digital world.


All of our work is virtual.


All of my virtual assistants work from remote locations across the globe.


That according to me, is very valuable, because I can now spend more time with my family.


I can choose to take maybe a couple of days or three days off to spend more time with my family.


When you are in business, sometimes you don't feel like working.


Sometimes you don't feel creative.


That's the best time to spend with family.


Because, if you work during that time, you are not going to produce much high quality work.


3) I don't like to be told what to do


When I was working in Dubai in a bank, I was receiving orders from my boss.


I used to follow through with those orders.


But my basic nature is, I don't like to be told what to do.


I like to take initiatives.


I like to be creative.


I want freedom.


I want autonomy.


I looked at my personality and I said, maybe business or entrepreneurship is the right fit for me.


It will give me the freedom that I need.


There are days when I just sit and think.


I don't work.


And there are days when I just execute what I have thought about during a particular week.


That kind of freedom, we don't get, when we are working at a 9-to-5 job.


Please bear in mind, I am not saying 'no' to a 9-to-5 job.


There are some people who are very passionate about their work.


And they don't mind working 9-to-5 in their office, because they really enjoy what they are doing.


My point is, if you want financial freedom, if you want the freedom of time, money, and location, then you will have to eventually make the transition.


You will have to eventually get into a full time business.


You might start with a side hustle, while you are working at a job.


But, over a period of time, that side hustle should morph into a full time business, to give you that ultimate fulfilment, that you are your own boss, and you can do your own thing.


I reiterate the point that, unless the reasons are compelling, it will not happen.


Regards,


Rohit Musale, CFA


28 December 2022

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