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Economy => Economics => Topic started by: Cryptomultiplier on January 28, 2023, 01:39:19 PM



Title: When your passive income equals or slightly above your salary, what would you do
Post by: Cryptomultiplier on January 28, 2023, 01:39:19 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: mindrust on January 28, 2023, 01:47:19 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


Isn't the answer obvious? I would quit my job and do whatever I like. (of course that's if you don't like your job)

For example:

Let's say you are making $3k from your job and making another $3k from your passive income. If you don't like your job you can quit it and do something you like. Maybe you will make less but you will have more fun.

What is life without fun? Why do we live? To live a fun and happy life. If you are not happy with what you are doing, you should quit that stuff and do what you like.

Heck you can do nothing and spend your passive income too, that's called retirement.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Henrobakkara on January 28, 2023, 01:57:46 PM
From the get-go, you knew you don't like the job but you applied for it and got accepted and you have been working the job according to you for the past four years and it has been taking care of your financial needs which is the reason we work in the first place. Now you have another stream of income from something else adding to your monthly income however, I would suggest until you get another job that you like, keep holding on to that one you hate  :) because as you said, " fear of the unknown" could happen to the passive income line and you are back to zero.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: franky1 on January 28, 2023, 02:14:45 PM
it doesnt need to be an either/or decision
try reducing hours

most people get work exhaustion/revulsion due to doing 5 days straight
im not suggesting cutting it down to 4 days straight (mon:thur work).

but try
2days work - 1day off -2 days work -weekend off

that way its still only 4 days, but broken up to only feel like a 2 day schedule between days off

that way it feels like even less work exhaustion than just reducing to
mon:thur work - then 3 days off

give that a short trial to see if it improves your mood while still getting 80% excess income from work and not a instant cut off.. if after a month it doesnt help. then make bigger choices

use that trial month as time to look into other job prospects you would enjoy or testing out if your passive income is long term sustainable as sole income or just a fluke




Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: fuguebtc on January 28, 2023, 02:18:38 PM


If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


For me, when we grow up, we will do anything as long as we have money and do not break the law, whether passionate or not. If passion doesn't make you money, I believe you will hate it too. As long as it can make money and help feed my family, I won't hate it.

Congratulations on creating the passive income you've been dreaming of, but there's no guarantee it'll outlast your current job. And I think having multiple sources of income is better than having only one. Many people dream of having multiple sources of income while you want to give it up.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Ultegra134 on January 28, 2023, 02:18:43 PM
Unfortunately, there isn't a straightforward answer to your question; it depends on a variety of parameters, such as your current living costs, country of residence, and so on. First and foremost, are you getting insurance benefits and stamps (for a pension) from your current occupation? If yes, that's another parameter you'll have to take into account. Moreover, how stable is your passive income and from where does it derive? If it's coming from real estate, such as renting properties, chances are that you'll be able to have a passive income for your entire lifetime. Bear in mind that your current way of making money may not be viable in the next 20–30 years. I could be completely wrong, but you haven't specified what exactly you do.

Although you mention that you truly despise working at your current job, I'd quit, take a small break from working, and start looking for something that is at least part-time in order to have an extra source of income and the working benefits I mentioned earlier.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Aanuoluwatofunmi on January 28, 2023, 02:21:35 PM
one of my passive interests pays more than my salary. My mind has been yearning for a resignation

There's this common saying that the rich keep getting richer, the brain behind it is that they never relent on the source to their income on a single means, they spread their tentacles a d have diverse means bringing in money, I don't expect you to quit the job you're doing as long as it is adaptable by you, but if not worth it or if paraventure it's taking alot of your time without giving you access to find time for the one giving you good earnings then you may drop it, but provided that all things being equal i will advise you keep the two because source of income could never be too many.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Ndabagi01 on January 28, 2023, 02:32:37 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


Your family's best advice is to be patient, as they have stated. My advice is that if your hobby that you do to gain more passive interest than your salary job is reliable and will not end, you can leave the job. But nowadays, having multiple sources of income is best because you can't rely solely on one. If the two works provide you with the best financial support you require without overburdening your mental health, you should stick with them both.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Minecache on January 28, 2023, 02:53:42 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


If we can maintain both, then I think that would be the best decision, because all we are trying to do is have a better life in the future and having 2 sources of income would be well more than 1. But if that job is too stressful or you have to give up one of them, then you should quit and focus on the passion generating passive income for you.

Depending on your current situation, you will make a decision. We're not in your position, so we don't know what you're going through, so we can't give you the best advice.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: PrivacyG on January 28, 2023, 03:05:28 PM
If I was in your shoes and in my 20's to 40's, I would continue investing either my salary or the passive income to make even more money.

If I was in your shoes and over 50 and the passive income was somewhat a certainty and enough to live a good life, I would resign, subtract the amount I used to earn at work from the passive income, invest the remaining amount and continue living my life on my 'salary'.

It is all about you and what you plan to do and how you plan to live.  Ask yourself, is your passive income enough to live the life you wish you could live?  What happens if this passive income diminishes over the next year.  Will you make it out then.

-
Regards,
PrivacyG


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: jossiel on January 28, 2023, 03:08:14 PM
I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
You already said that you hate your job, I wouldn't stay in a job that I truly hate. I'll value more my mental health than it because it's going to bear more affection to myself than to my pocket.

Since you've got streams of income including passive income and it's earning more than your salary then you've got the answer.

Follow your peace, that's all you need.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Wapfika on January 28, 2023, 03:13:06 PM
If Im in that position I will quit my regular job that is 8-5 or requires full attention with fix salary and will just find additional jobs like my sideline that will not also require full time so I will have time to do other stuffs that Im passionate about. I will not listen to anyone unless I have obligations to them but if I know I still be capable of providing them what they need then it is fine to quit. You are the one who is working so at least give yourself some time for the things you like. We’re no longer in a generation that we need to align our job in our profession especially if it’s not enough to make a living and especially if there is already an opportunity given to us to work other jobs in our own phase and dedication with more salary to get.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: AbuBhakar on January 28, 2023, 03:17:42 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


Having a multiple source income is good and also you should consider how stable your passive interest can sustain your profit compared to your current job salary. There’s nothing wrong to quit your job if you’re not happy on it and your profit on your other side hustle is greater and sustainable than your current job. The only good thing about jobs was you can get promoted in the long run plus the company benefits that pays your insurance, health card and other personal things which you can’t get on others.

Sustainability is the most important here as deciding factor to your question. Try to weigh in your 4 years of experience to your current profit.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: glendall on January 28, 2023, 03:18:06 PM
however I will do both if all get benefits and comfort, where passive income we make savings assets (money for investments, vacations and unforeseen needs), and salary for daily living expenses, but that's if I have 2 income
I will not leave my job that gives me a salary even though it looks boring


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: The Sceptical Chymist on January 28, 2023, 03:19:27 PM
it doesnt need to be an either/or decision
try reducing hours
I was thinking the same thing myself.  Then again, OP hasn't said what kind of passive income he's making and in order to completely quit his job those revenue streams need to be stable and dependable, not subject to major risk of that revenue being slashed (like a dividend cut).

But man, if you absolutely hate the job you're in and have enough money coming in from other sources such that you don't need that job....I'd quit in a heartbeat.  I don't know if I'd stay out of the work force indefinitely, but at least there wouldn't be tremendous pressure to get a new job immediately upon quitting.  If you hate going to work, that'll crush your soul, leave you depressed or angry (or both), and it'll affect every aspect of your life. 

I'd love to know what line of work OP is in, though I'm doubtful as to whether he's coming back to respond to comments.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Fiatless on January 28, 2023, 03:20:13 PM
one of my passive interests pays more than my salary. My mind has been yearning for a resignation

There's this common saying that the rich keep getting richer, the brain behind it is that they never relent on the source to their income on a single means, they spread their tentacles a d have diverse means bringing in money, I don't expect you to quit the job you're doing as long as it is adaptable by you, but if not worth it or if paraventure it's taking alot of your time without giving you access to find time for the one giving you good earnings then you may drop it, but provided that all things being equal i will advise you keep the two because source of income could never be too many.

It is true we need money to survive but life is too short to spend on activities that don't bring joy and fulfillment. Life is not all about money or riches, happiness is more important. Working in a place that brings sadness or pressure can lead to health problems. If my new job is secured, able to pay my bills, and save some for investment, I would resign from the old job. And you will excel in your new job if you are passionate and live it.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: naira on January 28, 2023, 03:37:46 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

My advice, you must be able to make peace with conditions and circumstances even though you feel that work sucks but you need to remember that you are not only fighting for yourself. If you have a family, whatever you do, whether you have to or not, the fact is that you can't deny that there are people for us to provide for. Even if your passive income is basically more than your base salary, that doesn't mean you're giving up something that has added value. However, depending on your intentions, if you find it difficult and burdensome, maybe there are other people out there who want your current job position. In fact, their income is below yours. So here are the levels of gratitude that need to be contemplated.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Lucius on January 28, 2023, 03:38:36 PM
~snip~
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

You've been doing a job you don't like for the past 4 years, and it didn't occur to you to look for a new job during that period? In my opinion, that would be the most reasonable solution, far better than quitting your job and relying on that other source of income that you didn't specify, but if that other source is in signature campaigns, then don't even think about quitting your job.

No matter how you look at it, two sources of income are always better than one, and it's unlikely that you'll run out of both at the same time.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: dothebeats on January 28, 2023, 03:46:25 PM
You're lucky you're in a position wherein your hobby pays off more than your salary. If I were you, I would quit that job in a heartbeat and focus on what I do best and what I enjoy most. You'll be surprised on how freeing it is to do something that you love and get paid for it. While it is best to keep two jobs since you get two streams of income, fact of the matter is you'll always feel tired keeping both gigs and you might end up getting drained for even for your hobby that pays you.

Also, make sure before you quit, that whatever you're getting on your hobby, it is a steady stream with no hiccups here and there. Better be safe than sorry, even though with that experience you can easily get a job and get paid more than where you're at currently.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: slapper on January 28, 2023, 06:26:49 PM
I absolutely understand, dude. It's not simple to continue working at a job you detest for four years. But now is the moment to follow your heart and act in your own best interests.

You need to consider your alternatives before you do anything else. Try, if you can, to switch to a career that more closely reflects your interests and passions. You deserve to work a job that brings you fulfillment and happiness.


Don't be hesitant to consider alternative possibilities, such as establishing your own company or maintaining your current passive income sources, if that isn't attainable. Don't put all of your eggs in one basket, is the message. Ensure you have a variety of sources of income and backup plans.

And don't allow other people's perspectives hinder you. You must live your life on your terms since it is yours. Have faith in your skills and in yourself. You've already shown that you can work hard and overcome challenges; now it's time to focus your tenacity on what would make you genuinely happy.

In other words, it's time to make a change. It might be terrifying, but you have to believe in yourself and your capacity to choose wisely.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Sterbens on January 28, 2023, 06:30:22 PM
Not a few people do jobs they hate but they still do it, it's because they really need money every month. And now, people are willing to do anything as long as they can work and get paid. You are one of the lucky people, because you have a job (yes, even though you hate it) and you also get other income apart from your workplace and the amount is high and even equal to your salary. My advice, try to think about it if you give up your main job, if you think your passive income is enough to support yourself, then look at your family. You can help a lot with the money.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Rruchi man on January 28, 2023, 06:56:24 PM
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
Many people do not like the Jibs they do, but they do it still because they have plans. You can decide to quit, but you have to be ready to face the consequences of your actions. Your passive income equals or slightly above your salary, combined together, that is your passive income and your salary, you are actually be earning a good sum to set up yourself well before you can decide to quit the job since you do not like it. Do not just quit to depend on your side income, the pressure will be much since you just lost another source of income which is your salary Job, improve on your passive income, before considering quitting your job.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: South Park on January 28, 2023, 07:36:54 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

You are one of the few people which so far is doing well despite the economic crisis we are still going through, so I would recommend that you do not quit your job so quickly, take the time to build more wealth, you can use the additional money from your job to open a business or to invest more on bitcoin or other assets, and then once you have accumulated enough money to settle all your debts while having yet another source of income then you can finally begin to think about leaving your job, besides depending on how expensive medical care is in your country it could still be a good idea to have a job which offers medical insurance.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Quidat on January 28, 2023, 07:55:11 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

If you could still able to handle up your time well then i dont see a reason for me to quit my main source of income or day job if ever you are really that attached to it and even your side hustles had been making more than with your primary source.There are really moments which you would really be thinking up on resigning and would be focusing into that other source which it does really require or need up that proper realization and checking it out or trying to balance if its really worth on doing so or you had just been dragged off with your interest because you are earning more on the other side?
So it would be still boils down on where you do see that would benefit you out the most.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: odunybiz on January 28, 2023, 10:18:38 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


Does this job of yours affect your passive interest? If no, I see no reason for you to leave your job. Most times it's always good to have a plan B to support your plan A. Diversification in life help to control poverty. Sometimes your passive interest may not pay then you work with your salary and vice versa.
 If yes, you may quit your job to focus much on your passive interest. Sometimes ones job may be the one hindering ones success. Here in Nigeria, most high paid private job will pay you but make you work tired for you not to think or procced with ones life.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: rahmad2nd on January 28, 2023, 10:25:50 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


There is a saying that I uphold to this day, "love your job". if you like your job, then you will not be burdened with activities that become your routine. In the midst of the turmoil of the global economic crisis, it is difficult to get a decent job, let alone with an ideal salary. I don't have an answer that fits what you need, let alone provide a solution. however, suppose you should try to contemplate and think carefully. In your opinion, do you deserve to keep your job. if not, what is the solution. at least, before you decide to resign you have other options.

So what about your passive income, does the passive income you get meet all the needs you need. if I were you, I would look for something new according to the expertise I have. in particular, a job that matches my abilities. if not, there are various options that i can do and one of them is doing business. however, before that happened. I have to make sure, that I am in a secure and financially stable situation.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: BitcoinPanther on January 28, 2023, 10:29:16 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


I will be half hearted to resign too because I need to make sure that my family has enough fund to go with a normal living but still the decision is yours.  Having extra income is always good.  Besides if you leave your present work, that makes your income cut to at most half of your monthly earnings.  But if your mind is shouting "resign"  then it is in your own decision after all you are the one who detest your current job.  Just make sure if you plan on resigning that your part time job earnings will stay in long-term and not just a kind of earning where the income isn't consistent.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Stalker22 on January 28, 2023, 10:29:25 PM
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


It appears that you may be using the term "passive income" incorrectly in this context. If the income truly requires no effort, it would be wise to maintain current employment and use it as supplementary income. Keep it as a little side hustle. However, if the 9-5 grind has got you down, it is time to break up with your job and find something more fulfilling. Life is too short to be stuck in a job you cannot stand.

By the way, I hope you're not talking about earning income through signature campaigns on this forum. Keep in mind that it is not a sustainable source of income in the long term.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Yatsan on January 28, 2023, 11:23:35 PM
I'd definitely continue both my job and that passive income as long as I can, and as long as I'm not tired. This is a dilemma to many people; just because you are quite earning with a particular investment, you'd already settle with that. Best thing to do is to maximize your capabilities when you are still young right? I get the point of resting and working smart but hardwork still should matter. If you'd settle with one source of income, it won't always be sustainable on your end's expenses. Not unless your passive income would consume most of your time and will be needing more of your attention and focus. That would be the time to stop with your job IF that thing which you will more engage to, will compensate for what you gave up as well. Never settle for less.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Captain Corporate on January 28, 2023, 11:37:26 PM
I can't "technically" retire. I mean sure I could if there is enough money for me to retire from the passive income if I am making from it, if that's the question. But I can't "technically" retire, because doing absolutely nothing is not really something I can do at all, because it is not in my nature. I am not a very physical person, I do not like to get out of home, so it would be something from home. Considering I am already a content writer at my job, and I love my boss, that means why would I quit my job? I mean I need a very valid reason to quit my job, sure if I have like 10 million dollars one day, I would probably do something else, but enough to just be slightly above my salary? I would not quit at all, I would keep working and earn 2 salaries basically :D


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: capedbaldy on January 28, 2023, 11:49:51 PM
I am also in the same position as you, my passive job has a much lower salary than forum work and some of my online jobs but I did not decide to resign from a real job, because for me the job is guaranteed to get a passive salary every month even though it is relatively salary low but I am very happy when I accumulate all the salary from my job every month.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Wakate on January 28, 2023, 11:53:49 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Because your passive income pays more your regular job so you want to resign so you can have the time to relax and stay indoors without doing anything? I know sometimes you might be tempted to resign but you will need to think twice or else you might have to take a decision that might not pay you in a long run.
Anything you are doing now you will need to think twice so that you will not make a mistake that would affect you in a long run that is why you need to ask questions so that you current decisions will not bounce against you later.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: autumnleaf on January 29, 2023, 01:41:21 AM
Having a career is a blessing, especially if you enjoy and care about it. Financial stability can be achieved throughout your life by having a passive source of income in addition to your profession. To answer your question, even if my passive income is equal to my salary at work, I won't quit just yet. I need to make sure that my passive income will enable me to accumulate more assets for my future.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: xSkylarx on January 29, 2023, 02:55:13 AM
You should ask yourself first if your passive income is stable enough. As if it will take you four years and it will not go down? I was in your shoes 5 years ago, and I want to resign from my job because it's toxic, but I'm also making a lot of money from my side hustle, so if I resigned at that time, I'd be struggling because I lost my side hustle. You are done comparing your earnings, so now you need to compare them to see if they are stable, because if you resign and your passive income could possibly go down in a year, then resigning is not a good choice. Though I understand that you are tired of your current job, but it is also an extra source of income .


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Swordsoffreedom on January 29, 2023, 04:26:49 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

You are one of the few people which so far is doing well despite the economic crisis we are still going through, so I would recommend that you do not quit your job so quickly, take the time to build more wealth, you can use the additional money from your job to open a business or to invest more on bitcoin or other assets, and then once you have accumulated enough money to settle all your debts while having yet another source of income then you can finally begin to think about leaving your job, besides depending on how expensive medical care is in your country it could still be a good idea to have a job which offers medical insurance.

Exactly, if I was in OP's case, I would also try to maintain 2 jobs for double income. Not only in the current crisis but we need to prepare for the future, for the long term because unexpected things always happen in life. OP is lucky to have 2 sources of income at the same time, he should take advantage of it instead of giving it up.

OP, I want to ask you, would you be more comfortable having $1000 per month or would you be satisfied with just $500 per month? As long as you can answer this question, I think you will make the best decision for you.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: ivankoh on January 29, 2023, 05:43:24 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

My situation is the opposite of yours.  I have been with a job for a company for more than 4 years, I am interested and dedicated, and stick with it and get some results, increase the bonus, not the position.  I'm also not associated with passive income types, so it would be lame to give you advice.  However, assuming I am in that situation, I will continue to develop that type of passive income further and in due time I will resign from that hateful job.  My reasoning for that is that the job you already hate and hate is not going to get you anywhere or be more successful, and sticking with it will only bring negative psychological effects and the stress that comes with fatigue.  can cause you to have many diseases if prolonged.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Poker Player on January 29, 2023, 05:45:33 AM
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

If you don't like your job you can try quitting as long as passive income is secure and not the only thing you depend on.

That is to say, if the passive income you have comes from a single house that you have rented, I would see it quite risky because the tenants could leave and you could take a long time to rent it again, although you could also consider selling it but you would be killing the hen and running out of eggs. Or maybe you live in a country where evictions have been temporarily banned for 6 months, that would be another problem, to go without pay for at least 6 months and whatever it costs to kick them out depending on the judicial system where you live.

You don't specify more but although it depends a bit on the situation, that your passive income pays your expenses is the level at which you start to consider that someone is financially free, therefore, once you have analyzed the other variables, you can take the leap.

If you quit your job, take advantage of the time to do other things that you enjoy more and that can make you money as well.



Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: DOH! on January 29, 2023, 06:59:22 AM
I have been in a job I detested and although I somehow managed to stay at it for up to 4 years,
1. You have worked there as your home  4 years. In my opinion, there will be a certain amount of memories and familiarity. Can you trade that damn job and any more familiarity/memories there? And secondly, are you ready to think about work or completely guarantee your ability in another unfamiliar environment? You can answer it to make the right choices.
2. Will your passive work be sustainable in the future? it is certainly an important reason to come to the final decision.
3. If I was in that situation, even I would have resigned < 1 year. Lol, I really can't stand the damn thing around me when I work.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Adbitco on January 29, 2023, 07:31:16 AM
You should note something very important about life, all income must not be the same, you can't expect your salary to be equal to your passive income or your passive income to same as your salary. For me I don't only depends on my business rather working from various sources to add up to my living.
What detects a man is the total money coming together as income at the end of month or week and days. Multiple stream of income must not be the same rather is an added value to your life to relief you from financial stress. So you can also add additional source of income rather quiting one for another.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Deddyhoku on January 29, 2023, 08:38:38 AM
I would quit your job but for search of new one. Passive income is not always stable, and it will be better to spend your free time to find new ways of making money


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: CageMabok on January 29, 2023, 09:06:18 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

In the past I have also been in such a position in my job and at that time I also wanted to choose to resign from that very torturous job, but there were lots of suggestions from those closest to me telling me to stay put because they had see me able to survive up to a year. But the following year I left right away because I had found another job that I liked and that didn't torture me and my time as much.

Well, my advice to those of you who are in that kind of position right now is to stick with the job you hate if you haven't found another job with a higher salary. Because passive income from a job you like is a side job with the aim of getting additional income for your savings for the future, while a job with a salary that is not too high you can use it for daily needs so it doesn't drain more savings for your future .


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: KiaKia on January 29, 2023, 09:51:21 AM
I won't advise you to quit your job because your side hustle is paying more, some times we always feel like things will remain the same when it comes to making money but that's a lie, your side hustle can go awry some day and you will need a job to survive, do not rely on a side hustle and your job, they are both there to come in handy, if one fails the other will work, this should be the right way.

Incomes don't always stays the same, they go up and down or even stopped unexpectedly some times, if your job is paying then keep it, if your side hustle pays then keep both.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: judeafante on January 29, 2023, 10:03:08 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I think you just want confirmation that you will do the right thing and that you want to leave your job because according to you you detested it because, in the first place, you're not going to create this post if you love your job so if I am in your shoes I will just leave my job and do the thing that I love, our dream and goal is to do the things that we love and enjoy doing while making money out of it.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Coin Gorilla on January 29, 2023, 10:21:57 AM
I would 'effin celebrate ;D

Kidding aside, I would set the next goal for myself and just keep compounding, the x2 from that/there gets easier.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: BitcoinTurk on January 29, 2023, 10:29:14 AM
I think that I will make such a decision depending on the amount of my earnings, because in such a case, if I quit my job, I will have more time to travel and spend. For this reason, I think that a clear decision should be made after considering all the details.

For example, if the passive income type will generate more income when more money is added, I can continue to work for a while to increase this income a little more and I can add my salary to help passive income grow. Of course, while performing this process, I always apply it until I reach the amount that will make my life more comfortable instead of aiming for more and more.

Also, before making such a decision, I would be sure about the continuity of my passive income source, and after that, I would continue to live with this income. So, having a temporary passive income, even long-term, will unfortunately not have a life-time relaxing effect.

For this reason, in my opinion, it would be best to make a decision after making sure that the passive income source is sustainable and that the amount it provides will be sufficient for my life.

To summarize, if all these factors I mentioned happened, I would quit my job and continue to live with this income source.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: xSkylarx on January 29, 2023, 10:35:38 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I think you just want confirmation that you will do the right thing and that you want to leave your job because according to you you detested it because, in the first place, you're not going to create this post if you love your job so if I am in your shoes I will just leave my job and do the thing that I love, our dream and goal is to do the things that we love and enjoy doing while making money out of it.

If the OP is single and not a breadwinner, then this is possible, but if it is the opposite, then I won't be recommending this as you need a stable job or income rather than a side hustle or passive income that will be gone in a few months. If you have already had a child, you must make a decision not only for yourself, but also for your family, because if lose your source of income, the rest of you will be affected. It is very difficult to find a job right now, but as long as you see that your passive income will last for 3-5 years, that is good, or you have savings that can last you a year without working, that is good. 


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: MoonOfLife on January 29, 2023, 10:54:36 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


I have been in your situation, I also hesitated whether to choose both or give up 1. I finally quit my job at the company to focus on my passion. Sometimes quitting my job is also a pity, but since leaving my old job, I have had more time to devote to my passion, and now the job that I choose gives me a much higher income than other what the old job brings.  And I'm getting the chance to do bigger things with my passion.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: rat03gopoh on January 29, 2023, 11:38:12 AM
Depending on how to interpret the words "passive" and "active" from the PoV of your income, not based on nominal but frequency.
Some cases, people can ensure that the current side work (preferred) will guarantee a stable income because it starts to have a lot of interest so they decide to make it the main job. So, you can test for the next few months by continuing to live both with the opposite status (your daily spending from passive income).


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Leviathan.007 on January 29, 2023, 11:41:51 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


I actually had this situation years ago. when I was working as an intern and I had a small income from my work I gave my apartment for rent and the passive income I got from renting that apartment was a lot more than what I could earn from the job I do what's why I decided to leave my job, which was a wrong decision because working there could give me a chance of earning more skill and the small money I got could help me save more for the future, so if someone has the same situation maybe the best thing to do is to continue the job or find a better job to earn more.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: BlockMinusOne on January 29, 2023, 11:52:06 AM
Consider the following before resigning from your job:

  • Assess financial stability & savings
  • Consider long-term goals and plans
  • Evaluate job market & opportunities
  • Evaluate impact on personal & family life
  • Trust your instincts, prioritize happiness and well-being.

In summary, weigh pros and cons and make a well-informed decision that aligns with your long-term goals and values.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: suzanne5223 on January 29, 2023, 12:07:57 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Resignation is never a good idea, I know you may go through a lot of shit that makes you feel like quitting the job but I want you to know that I was once on this road before and if you can manage the job with your passive income activities keep the job while you diversify your passive income into investment for some years when its time perfect for you to quit the time will show itself.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: lovesmayfamilis on January 29, 2023, 12:23:41 PM
People in many countries are forced to work outside their fields of expertise. For example, in my country, it is difficult to find a job in the profession that I received in my education that corresponds to the level of pay that I would like to see. Because of this, many are forced to perform difficult and perhaps boring work since the salary looks better than the salary of the specialization for which they were trained. But over time, having accumulated the necessary capital in an unloved job, it becomes possible to do what you love, which is well funded, and some are simply afraid to leave their comfort zone or familiar but unloved work because of the erroneous belief that this work can always exist.
But there is nothing permanent about temporary, and this should always be remembered. Our temporary, unloved job will eventually turn into a permanent one just because we are afraid to start pursuing our hobby on a permanent basis. For some people, the moment when they earn how much is absolutely not important; the feeling of satisfaction from their favorite activity is important. If your hobby makes good money, then such people can be called lucky.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: serveria.com on January 29, 2023, 12:36:50 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I don't think you should take any advice received here seriously, simply because people are different and there are many opinions and points of view. How tired you are, how desperate you are to keep your job, what are your goals in life etc... if you hate the job really bad, just let go, quit and go on with your profitable hobbies. If it's bearable, keep it and again, spend time on your hobbies. Also, how much you earn: $60k salary + $60k passive a year or $600k salary + $600k passive income does make a difference, doesn't it?  8)



Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Cryptomultiplier on January 29, 2023, 12:51:22 PM
I think I have come to understand how opinions can shape ones decision making process. All the persons i have spoken to as regards this have same things to say:
*Weigh the pros and cons involved,
*Look for another job, so as to increase your earnings,
*Long term thinking of how fulfil goals, e.t.c.
 One thing that is missed in all the opinions I have gathered is that, listening to ones instinct is key, health is the key to wealth and absolute faith in the how the universe works can conspire to make one fulfil any goals he/she has set aside.
Although I like to be pragmatic many a times, but if perhaps I can exercise my faith in this universal system of possibilities, then I would say, when one door closes, another opens.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: michellee on January 29, 2023, 02:02:52 PM
I will continue to work as usual because it will provide a salary that I can use to invest in other things or increase the amount of my crypto investment. If your passive income has not exceeded your salary, for example, 2 or 3 times, you should keep working while continuing to get a bigger passive income. After all, patience and waiting a little longer won't be bad for you because you can get that income to achieve your goals.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: virasisog on January 29, 2023, 02:13:59 PM
It all depends on your goal and purpose. If you think your passive income would last for good and you want to stay in the comfort of your home to relax and just enjoy life, then you can leave your job. But if you want to earn more and your passive income will not last for too long, then never leave your job. Your decision will depend on your expenses and your lifestyle so you will be the one to answer your question wisely.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: nara1892 on January 29, 2023, 05:50:00 PM
I will continue to work as usual because it will provide a salary that I can use to invest in other things or increase the amount of my crypto investment. If your passive income has not exceeded your salary, for example, 2 or 3 times, you should keep working while continuing to get a bigger passive income. After all, patience and waiting a little longer won't be bad for you because you can get that income to achieve your goals.
Yes it can be done, there are lots of people out there having trouble finding work and OP already has that. I really understand that maybe in a job we need comfort, and what I read from what the OP said is that he hates his job and that can be interpreted as discomfort. I want to say, try to find where you hate your job. Is it from the environment, colleagues or other things. I think we can make our dislike of work overcome as long as we know where the point of our dislike for the work being done is.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Ahli38 on January 29, 2023, 06:04:10 PM
I think I would be in a slightly confusing position if I were in your position. Although we could have quit the job we hate. because we already feel safe with other bigger income. But I understand your family's advice which suggests to be patient and last longer. because the current economic situation is not so stable. So accumulating as much savings as possible as long as there is a chance is what needs to be the main goal now. However, staying in a job that we cannot enjoy at all is quite difficult. but I think you better be patient to be able to last a little longer. and if you feel like you can't stand it, stopping is the last option.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Maestro75 on January 29, 2023, 06:08:22 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

You hate your job and then luckily for you your side hustle is able to fetch you as much as your salary from your despised job and you are asking what next you should do? You already know the answer. As for those family members urging you to still stay on that hated job, that are only selfish. They want to be enjoying what little economic independence you gain from being in a job or the little you also do for them financially. Nobody wants someone to depend on them financially. They will find every available means to persuade you to stay and I believe that is what those people are doing to you.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Casdinyard on January 29, 2023, 06:35:08 PM
OP', if you think you can retain the same qualify of living and purchasing power when you leave the job you hate so much and focus on your passive income avenues, I think you should go for it. But if the economy wouldn't let you pay for stuff that you currently own or it will debilitate your ability to buy stuff and services, I would highly suggest you keep working in that. 9-5 of yours until such a time arrives. I've been in the same position as you back then and I made the rookie mistake of resigning in my 9-5, which completely turned my life for the worst because right after I was let go from the company clients stopped coming in and the bear market of crypto started, leaving me penniless for months on end, which you should also be mindful of by the way. Passive income avenues like those of crypto or stock are very seasonal, so it's not always going to be green unless ylu daytrade.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: darewaller on January 29, 2023, 06:48:21 PM
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
Taking a decision like that is obviously not easy and it puts you under a bit of pressure. Asking for opinions, suggestions and listening to everyone is a good thing, but at the end of the day, it all comes down to your own personal preferences as to what your life goals and dreams and desires are.

If you think you have enough savings, you have not been eyeing to buy something specific that needs you to earn extra money and all you need is only what you can use to spend your life peacefully, then quitting the job wouldn't really disturb you in anyway. But, if it's the other way around, you definitely will need to continue doing both until you reach the point where you feel that the money from your passive income stream is enough for you to spend your life peacefully and without a problem.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: uneng on January 29, 2023, 11:01:32 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
If your family is fearful you leave your job it's because they don't feel secure only with the passive income you make. That is a tough situation, because a fixed formal job is what most people look nowadays, since it gives stability, while your passive investment might not. On the other hand, if that is a nightmare for you to work on that spot, who am I to tell you to not abandon it? :P

If I were you, I think I would look for another job. If I found something, I would leave the currently one, but wouldn't rely solely on the passive income, especially when having a family to feed.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: romero121 on January 29, 2023, 11:07:00 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
If your family is fearful you leave your job it's because they don't feel secure only with the passive income you make. That is a tough situation, because a fixed formal job is what most people look nowadays, since it gives stability, while your passive investment might not. On the other hand, if that is a nightmare for you to work on that spot, who am I to tell you to not abandon it? :P

If I were you, I think I would look for another job. If I found something, I would leave the currently one, but wouldn't rely solely on the passive income, especially when having a family to feed.
When someone is depending on you, and they're fearful about the economic situation I'll never go for the choice of leaving the job. When the passive income goes higher it is time to invest the excess amount on something else and make the revenue increase. At times the regular day job might be stressful, at such situation we can think of an alternate choice of moving to another job.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Theones on January 29, 2023, 11:44:44 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
If your family is fearful you leave your job it's because they don't feel secure only with the passive income you make. That is a tough situation, because a fixed formal job is what most people look nowadays, since it gives stability, while your passive investment might not. On the other hand, if that is a nightmare for you to work on that spot, who am I to tell you to not abandon it? :P

If I were you, I think I would look for another job. If I found something, I would leave the currently one, but wouldn't rely solely on the passive income, especially when having a family to feed.
When someone is depending on you, and they're fearful about the economic situation I'll never go for the choice of leaving the job. When the passive income goes higher it is time to invest the excess amount on something else and make the revenue increase. At times the regular day job might be stressful, at such situation we can think of an alternate choice of moving to another job.
I would keep my both the jobs.
And would hire a manager for that job and will continue my job too.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: og kush420 on January 30, 2023, 12:06:12 AM
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
Taking a decision like that is obviously not easy and it puts you under a bit of pressure. Asking for opinions, suggestions and listening to everyone is a good thing, but at the end of the day, it all comes down to your own personal preferences as to what your life goals and dreams and desires are.

If you think you have enough savings, you have not been eyeing to buy something specific that needs you to earn extra money and all you need is only what you can use to spend your life peacefully, then quitting the job wouldn't really disturb you in anyway. But, if it's the other way around, you definitely will need to continue doing both until you reach the point where you feel that the money from your passive income stream is enough for you to spend your life peacefully and without a problem.
At the end - It is all about you and what you plan to do and how you plan to live.
Most of the time people makes mistakes and some terrible mistakes. Which is the life long lesson for them and it change their mind set all the time ...


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: jeraldskie11 on January 30, 2023, 12:50:41 AM
If I'm satisfied with my passive income that it can support my daily needs, I willing to quit my job. But because I have many things to do, and have many goals to achieve, I will not quit my job even if I don't like it. If only we achieved our goals in life, we will be chilling and do what we want to be happy.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Stalker22 on January 30, 2023, 12:59:33 AM
~

Yeah, I also believe that following your gut and prioritizing your health is crucial. I have heard similar advice from the people I have talked to like weighing the pros and cons, exploring better job opportunities, and thinking long-term... But, there are many factors at play here: the type of job, your financial situation and more. For example, if you have an amazing job opportunity available right now, then by all means take it! Ultimately, it is up to you to decide what is right for your situation and what will make you feel good about yourself.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: odunybiz on February 02, 2023, 10:24:27 PM
[3. If I was in that situation, even I would have resigned < 1 year. Lol, I really can't stand the damn thing around me when I work.

Resigning when he hasn't known the future of his passive work doesn't work well by me. Studying the two works for sometime for future advancement is really better than just making conclusion base on recent profit made.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: JeffBrad12 on February 02, 2023, 10:47:30 PM
should just keep working until your passive income would be triple of your salary honestly it still isn't safe if your passive income could still vanish into thin air at some points, I'd say as long as you could still get many incomes you should just keep working, otherwise if you have some strategy that gonna works for you in long term that could make your income increase overtime then only then it's gonna be worth it in resigning your jobs.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: o48o on February 02, 2023, 11:43:30 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
As you are not telling where do you get that psssive income from i am assuming it's staking. But imho don't make quick decisions. If you have collected your staked rewards as money to your account and have enough to live like a year, i would quit job. But relying on those stake rewards to keep paying same amount or More in the future and quitting your job because of it is just financially irresponsible.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: CageMabok on February 02, 2023, 11:58:52 PM
Resigning when he hasn't known the future of his passive work doesn't work well by me. Studying the two works for sometime for future advancement is really better than just making conclusion base on recent profit made.
Indeed, it would not be very good to make a hasty decision when you get a new advantage. Because in any case, every more income and profit will always be better for everyone's life, so there is no need to immediately make the decision to resign at a job when there is a new job he got at the current time. Because old jobs that can still produce can also really help him to increase more in terms of getting profits.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: lienfaye on February 03, 2023, 01:16:54 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

You know it is important that we love what we're doing hence we won't feel that we are working but we also enjoy the job since it's also our passion. That being said, if it's me, I will leave the job because it's hard to work if you don't like the job and you are only staying because it is necessary. So since your current interest is paying more than your main job, and if you're confident that you can sustain the needs of your family, I think it's time for you to quit and start a new journey.

Remember that if you follow your passion, you'll never get tired of doing it.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: darkangel11 on February 03, 2023, 01:27:02 AM
should just keep working until your passive income would be triple of your salary honestly it still isn't safe if your passive income could still vanish into thin air at some points, I'd say as long as you could still get many incomes you should just keep working, otherwise if you have some strategy that gonna works for you in long term that could make your income increase overtime then only then it's gonna be worth it in resigning your jobs.

Life is too short to be stuck in a job that you hate. He didn't say he doesn't like it, he said he hates it, which is a strong word.
The way I see it is, if you could live from your job and now your passive income pays more than that job, start doing what you like, get some change from a hobby.

For example I know a guy who loved dogs and he's now retired and he's got a champion that he's breeding and making some money this way. It's not a lot, but maybe 1/3 of what he used to earn when he was working but now he has his retirement, a lot of free time to do what he loves and he's happy. I also know a guy who used to wash and polish cars on weekends. He quit his job and he's doing it full time because it brings him joy. It doesn't make him more money than his full time job used to but he's got much less responsibilities on his shoulders and a lot more time.

Find something you like doing and just do it, don't look back.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: ethereumhunter on February 03, 2023, 03:56:05 AM
I will stick with my job even if I feel uncomfortable because I can get a steady income that I can use to buy basic necessities. Meanwhile, even though I have passive income, I will leave it alone until the passive income can become bigger so that if one day I decide to stop working, I can enjoy passive income without having to work hard to make money.

I agree with other people's opinions asking you to remain patient. Besides, if we can be patient for another 1 or 2 years, that's fine too because you've been working for 4 years. Who knows, you might get a promotion for a promotion so you can increase your salary and from that salary, you can use it to find other sources of passive income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Nwada001 on February 03, 2023, 12:54:36 PM
When I come across topics like this where the OP is seeking advice, I always read through the thread to see what contributions and suggestions other members have made to the OP, as well as whether or not the OP buys the idea. My advice to you will be for you to consider your happiness and pleasure first, so long as you are not going hungry and your side hustle is also paying you well. I don't see much reason to stay and continue working where I mostly feel depressed, and the damage that the depression might cause to me is way more than the pay I am getting from the job.

I think I have come to understand how opinions can shape ones decision making process. All the persons i have spoken to as regards this have same things to say:
*Weigh the pros and cons involved,
*Look for another job, so as to increase your earnings,
*Long term thinking of how fulfil goals, e.t.c.
 One thing that is missed in all the opinions I have gathered is that, listening to ones instinct is key, health is the key to wealth and absolute faith in the how the universe works can conspire to make one fulfil any goals he/she has set aside.
Although I like to be pragmatic many a times, but if perhaps I can exercise my faith in this universal system of possibilities, then I would say, when one door closes, another opens.
You can have faith for a greater change, but if you don't start working towards that goal, all that faith will be in vain. The best advice is to take the advice oneself and decide on what to do from there. Since your faith is strong for a greater possibility, I advise you to just work towards that goal in order to make that faith work faster for you.



Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Ever-young on February 03, 2023, 12:59:12 PM

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


If am to be in your shoe, I will adhere to what makes me happy, since I already have other paying side hustle which is capable of footing my bills i won't even hesitate to quite the Job and get back my happiness, its as simple as that to me. 


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: hyudien on February 03, 2023, 01:38:24 PM
I will stick with my job even if I feel uncomfortable because I can get a steady income that I can use to buy basic necessities. Meanwhile, even though I have passive income, I will leave it alone until the passive income can become bigger so that if one day I decide to stop working, I can enjoy passive income without having to work hard to make money.

I agree with other people's opinions asking you to remain patient. Besides, if we can be patient for another 1 or 2 years, that's fine too because you've been working for 4 years. Who knows, you might get a promotion for a promotion so you can increase your salary and from that salary, you can use it to find other sources of passive income.
In fact OP has spent 4 years working in a job that he doesn't feel comfortable with, and that proves that OP can last even longer and try to love his job. I fully understand that it is very difficult to work in a job that makes us uncomfortable, but it's better to try to love the job. because if we try to love our work, then I think comfort will come by itself.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: KingsDen on February 03, 2023, 01:50:24 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


It all goes down to individual differences, to me I would not even do a job I don't like because of money. I would rather look for another job. Bur if there is no other job, I eventually take the job I don't like, I cannot dwell on it for a whooping 4yrs.
Then after 4yrs, you go a side job that pays more than your hated 4yrs job and you are still seeking for an advice.
I put it to you that you don't hate your job, please hold on to it.
Thanks!


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Fivestar4everMVP on February 03, 2023, 03:19:33 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

If I were in your shoes, what I would do is to save up money and start up my own business, leave the job and detest and focus on my own business while I keep earning from my side investments that paying me passively.

I am not telling you this based on what I think, this is what I've actually done a few years back.
I was also in a job I detested, by grace, I made some money from crypto, I invested some part of those money and not long, I started earning from my investments, I quit the job and started my own business.
Today, I can happily boost of having my own business, and also having multiple streams of income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: coolcoinz on February 03, 2023, 04:49:08 PM
My choice in this case would be to quit my job, but I'm not saying you should do that.
I'm choosing this option based on what OP is saying about his job.

If I had a job that sucked and kept working to build my passive income and then it started to take off into something more profitable than my job, I'd feel like this is the time to quit the job and focus more on the passive income because it's growing even though I'm here working my ass off in a job that I hate. What if I dedicated all the time that I have to that passive income idea? Maybe I'd be able to double it in a few years and live like a king?

Is there a room to grow? Can I do something else? Am I able to sustain my family without my job? Will I be happy with less money that I'm earning now?|

These are things each of us have to answer before we decide.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: serjent05 on February 03, 2023, 04:57:56 PM
Before leaving your current job and go full-time with your passive income you should consider the following factor:

1.  Your financial stability.
2.  Your passion
3.  Your work balance.

If you feel that your passive income can bring you financial instability then by all means you can leave your current job.
If your passion for work states otherwise (just like you say @OP that you detest your current job) unless the first factor is met then by all means you have to endure your current job.
If should also be aware if your current job has a bad impact in your health.  If it is then better quit your current job than your life quit for you.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Finestream on February 03, 2023, 05:11:07 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I would want to advise you to keep your job but the fact that you don’t like it anymore, so what’s the use? Just leave your present job and look for a new stable job that will suit your interest and skills, and just continue doing your side job that is giving you passive income. I was once in your shoe way back then, but I took the courage to leave the job not just because it’s low paid but also the new surroundings I think is very toxic. Now, I have no regrets as I’m already earning more than my previous job has to offer.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: jostorres on February 03, 2023, 06:01:05 PM
Before leaving your current job and go full-time with your passive income you should consider the following factor:

1.  Your financial stability.
2.  Your passion
3.  Your work balance.

If you feel that your passive income can bring you financial instability then by all means you can leave your current job.
If your passion for work states otherwise (just like you say @OP that you detest your current job) unless the first factor is met then by all means you have to endure your current job.
If should also be aware if your current job has a bad impact in your health.  If it is then better quit your current job than your life quit for you.
I think passive income is like investing, which means it will take some time for us to earn on them so quitting our main jobs and depending on them is not a good idea. We can only end up selling our assets or we will borrow money from someone else and the collateral that we will be using is the one we have on our passive income stream.

There is no guarantee that we can pay the loan on time so I am afraid that we might lose our passive income. It can only be possible to quit our job as long as we have a saving other than our passive income but we gotta make sure to find a new job replacement so that we won't struggle financially later on and we still have some of our savings and passive income with us.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: isaac_clarke22 on February 03, 2023, 06:14:18 PM
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I would kinda disagree with others that are just saying to quit your job. Your job might not be your passion, but you could somehow like it at some point.
If it does not stop you from doing your passions or hobbies, I would keep the job and keep at it on your passive interests.

You could somehow be able to net more profit for your own wants and live a comfortable or even luxurious life, but again considering that it does not strain your usual stuffs daily that you love.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Cling18 on February 03, 2023, 06:17:57 PM
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I would kinda disagree with others that are just saying to quit your job. Your job might not be your passion, but you could somehow like it at some point.
If it does not stop you from doing your passions or hobbies, I would keep the job and keep at it on your passive interests.

You could somehow be able to net more profit for your own wants and live a comfortable or even luxurious life, but again considering that it does not strain your usual stuff daily that you love.

Quitting a job for a passive extra income will not be good advice. No matter how nice our side job is, if it is not stable, then we shouldn't let go of our job. Anything can happen and we all know that finding a job nowadays so if we can manage to do two things at the same time then we should do it. We can still make a passive income while doing our full-time job. That's already a good opportunity for us to double our earnings.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Kasabus on February 03, 2023, 07:57:07 PM
Before leaving your current job and go full-time with your passive income you should consider the following factor:

1.  Your financial stability.
2.  Your passion
3.  Your work balance.

If you feel that your passive income can bring you financial instability then by all means you can leave your current job.
If your passion for work states otherwise (just like you say @OP that you detest your current job) unless the first factor is met then by all means you have to endure your current job.
If should also be aware if your current job has a bad impact in your health.  If it is then better quit your current job than your life quit for you.
I would not hesitate to say just leave your job if you think that is not healthy at all. But never stop from looking for a replacement job aside from your side job because it’s still different if you have a main job that provides your main income, and you have an additional job that gives you a passive income. That way, even if your side job disappears, your finances will not shake and you won’t be struggling on how to sustain your needs.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: molsewid on February 03, 2023, 08:28:56 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

If you can do both that's fine, but the thing is you will be exhausted and it will not good for you if you are starting to burn out. We should learn to take care of ourselves, I've been through that thing I do some corpo jobs and do some part time jobs as well and it drained my energy now and losses my motivation to work and my passion. In my case, I am just finishing all my debt and once free, I will make full time in my side job.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Distinctin on February 03, 2023, 08:45:38 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Find a new job first and when the time comes you’ll be accepted, then leave your old job as it’s not making you happy anymore. What’s the use of keeping a job if it’s not worth keeping anymore, so settle into a new job that you will love. And with regards to your other jobs that are giving you high compensation, then keep it and develop your potentials more so you can have more jobs that will create passive income. And when you think you are now ready to go full time on them, since you’d finances are already stable, at least you will always have a peace in your heart.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Vaculin on February 03, 2023, 08:57:59 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Personally, I would not leave my present job as easy as that knowing I’m a breadwinner but I will always go in search for a new job that will develop my full potentials and that will be of my high interest. That way, my finances will never be in trouble whenever I have to settle for my new job. And to think that I have another job that gives passive income, I will surely have more of it as long as my free time can cater it and as long as my productivity is still there.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: ethereumhunter on February 04, 2023, 03:07:39 AM
I will stick with my job even if I feel uncomfortable because I can get a steady income that I can use to buy basic necessities. Meanwhile, even though I have passive income, I will leave it alone until the passive income can become bigger so that if one day I decide to stop working, I can enjoy passive income without having to work hard to make money.

I agree with other people's opinions asking you to remain patient. Besides, if we can be patient for another 1 or 2 years, that's fine too because you've been working for 4 years. Who knows, you might get a promotion for a promotion so you can increase your salary and from that salary, you can use it to find other sources of passive income.
In fact OP has spent 4 years working in a job that he doesn't feel comfortable with, and that proves that OP can last even longer and try to love his job. I fully understand that it is very difficult to work in a job that makes us uncomfortable, but it's better to try to love the job. because if we try to love our work, then I think comfort will come by itself.
That's why I said he should stay at his job first until he can make more income from his passive income. We all want to get a job that suits us but unfortunately, we live in the real world where we are always competing with other people who want the same job we want, which is the right job.

Before passive income generates a very large income to cover his expenses and other needs, he should keep working and be patient for some time.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: leonair on February 04, 2023, 04:42:10 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

We all know that job is a very tough job and job requires a lot of hard work. And everyone wants to work in a relaxed way so if my passive income is more than or equal to my salary I will definitely quit my job no doubt. And I am personally employed and also have some income from crypto currency, trying to cause a business that will give me much more freedom than a job. So of course if I have passive income I won't do hard work like a job anymore


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Chainsmokers on February 04, 2023, 05:00:36 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

We all know that job is a very tough job and job requires a lot of hard work. And everyone wants to work in a relaxed way so if my passive income is more than or equal to my salary I will definitely quit my job no doubt. And I am personally employed and also have some income from crypto currency, trying to cause a business that will give me much more freedom than a job. So of course if I have passive income I won't do hard work like a job anymore
Basically everyone has their own decision and for me it might be much better if we have more than one source of income,
because we never know what the future will be like,
besides that it is also important to have stable income and passive income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Smartprofit on February 04, 2023, 11:08:13 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


In my country, members of parliament have crazy ideas that the unemployed should be forcibly mobilized and sent as soldiers to the war zone.  Earlier in the USSR, the unemployed could be prosecuted under the article for parasitism. 

However, even if you do not consider such extreme options, official work gives you social status.  In some cases this is very important.

For example, when receiving regular income in cryptocurrency, for the purposes of the subsequent legalization of this income, it is sometimes very important to have official income in fiat currency in parallel.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: karmamiu on February 04, 2023, 02:25:57 PM
Personally I would prefer it that way and would still patiently stay that way as long as I can, you know why? Personally I prefer to have stable income that comes to me every month while conserving all my investments and other passive income for future purposes. Investment should be an investment while salary should remain as a spendable asset for me to sustain my day to day expenses. It's true that right now we should all be practical and chose the best way for us to earn money but it's also important for us to be wise and think about our health as a priority coz most of the time I noticed that several investors who are also employees suffers a lot about time management and ignoring their health, and in the end they spent a lot more than what they had saved. Usually it also comes with the price and it is also common that they are forced to choose which one they should prioritize. As much as possible I would really like to stay as an employee while having investments at the same time gaining experience and planning ahead for the next while I'm still young and productive.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: erep on February 04, 2023, 09:51:59 PM
Basically everyone has their own decision and for me it might be much better if we have more than one source of income,
because we never know what the future will be like,
besides that it is also important to have stable income and passive income.
We must have income from other sources of work to increase savings for future needs, right now I really have an office job for main and passive income for monthly needs but I need another job for savings. I like other freelance or content creator based jobs that are not time bound in the job so we can maximize our free time for work.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: paxmao on February 05, 2023, 12:12:05 AM
I think is not as much about the proportion but rather about the absolute sum and what you have decided that you would like to have to live with. If you passive income cn cover what you have decided that your lifestyle requires, you do not have to work or do it in a conventional sense at least. You may have to keep working if that is not the case no matter which is more.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: LogitechMouse on February 05, 2023, 06:20:33 AM
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Find another reason why you are working for your current job.
For your family? You want to help other people? You don't have an emergency fund? Any reason that you need.

As long as you can still work, work. As long as you can still do what you are doing, do it. I've seen people who have a passive income that's pays more than their current income, but instead of them quitting their job, they are still working for some personal reasons. Balance your time. What's the reason why you want to quit working? You want to spend time with your family? Then balance your time working and give more time with your family. You are quitting because you're tired already? You can make a vacation for at least a month or 2, but don't quit working.

Look at those successful businessmen right now. They aren't quitting what they are doing even though they are earning millions or even billions of money. The best example here is Warren Buffet. I can't see the total dividend income that he got last year, but in 2021 (https://www.fool.com/investing/2021/01/21/how-much-dividend-income-warren-buffett-receive/), he got at around $3.8 Billions in passive income (thru dividends). I believe you're not as near as that, but the point is, he got that huge amount of money thru passive income, but he's still working and at that age, he must've rest already and just sleep all day all night, but he doesn't.

Work. Don't quit. Just think that the income that you're getting in your current job will be put into your investments.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: slapper on February 05, 2023, 07:42:29 AM
Personally I would prefer it that way and would still patiently stay that way as long as I can, you know why? Personally I prefer to have stable income that comes to me every month while conserving all my investments and other passive income for future purposes. Investment should be an investment while salary should remain as a spendable asset for me to sustain my day to day expenses. It's true that right now we should all be practical and chose the best way for us to earn money but it's also important for us to be wise and think about our health as a priority coz most of the time I noticed that several investors who are also employees suffers a lot about time management and ignoring their health, and in the end they spent a lot more than what they had saved. Usually it also comes with the price and it is also common that they are forced to choose which one they should prioritize. As much as possible I would really like to stay as an employee while having investments at the same time gaining experience and planning ahead for the next while I'm still young and productive.
It is crucial to secure one's financial future by ensuring one's present income. Maintaining a steady income is essential for achieving a healthy spending/savings ratio. Also, it's excellent that you're committed to saving and investing for the future; doing so from an early age is a terrific way to set yourself up for success.

The importance of not compromising our health, however, cannot be overstated. Working and investing takes a lot of time and energy, so it's crucial that we put our own needs first and schedule in some downtime. In my experience, it's not worth it in the long run, and I've seen too many individuals burn out trying to maintain that false sense of balance.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Findingnemo on February 05, 2023, 07:59:05 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


Don't quit your constantly paying job for passive income since you said it's passive you are not doing anything to get that so keep doing your job as well as earning the passive way gives you more opportunities in less time.

When you are sure that you had good savings and passive income has potential to grow further then you can think about it.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: iv4n on February 05, 2023, 11:06:29 AM
...
Don't quit your constantly paying job for passive income since you said it's passive you are not doing anything to get that so keep doing your job as well as earning the passive way gives you more opportunities in less time.

When you are sure that you had good savings and passive income has potential to grow further then you can think about it.

If there's an opportunity for making two salaries the best would be to just continue with that... it's a good time for saving some money or even better for making some investments, DCA for example... each month the portfolio will grow and grow. With two salaries there's that extra cash that can be used very well, for many things, but who knows how old OP is, and in what kind of life situation he is... 

Maybe he already has enough money saved, in that case, he can look for some "fun" and live a life. Sometimes moving a focus from work, work, work can be a good life decision.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Cryptomultiplier on February 05, 2023, 09:38:49 PM
The great comments I have read so far has given me a better outlook about making and living with the reality of such a decision, should I happen to go through with it. 
I have come to understand and believe in the prospects cryptocurrency has to offer and with much knowledge and a family of like minds,  it is my wish to find great opportunities that would be beneficial to the fulfilment of my dreams/purpose and  finance.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: royalfestus on February 05, 2023, 09:43:31 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I was advised by my mentor not to quit my main job until your side hustle requires a whole week of time and can serve you for a number of weeks with the same demand and more profits.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Viscore on February 05, 2023, 09:59:15 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Find a good job first that will replace your old hated job, one that also promise a good compensation, then you can leave your old job. And never settle into a single side hustle, if you think you can do more with your time availability, go for it as long as you have your high interest on it and you have the skills to make it more productive. Having a passive income is good, but in order to sustain that, you have to keep learning and developing your skills so that you will keep the productivity in your job and that will make you progress in the long run.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: og kush420 on February 05, 2023, 11:20:16 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Find a good job first that will replace your old hated job, one that also promise a good compensation, then you can leave your old job. And never settle into a single side hustle, if you think you can do more with your time availability, go for it as long as you have your high interest on it and you have the skills to make it more productive. Having a passive income is good, but in order to sustain that, you have to keep learning and developing your skills so that you will keep the productivity in your job and that will make you progress in the long run.
in many case people - choice in this case would be to quit their  job, and give time to the passive income idea - but I'm not saying you should do that.
But that is totally on you what is making you happy. if your passive income makes you happy then you can quit your job and work on it on the own


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: n0ne on February 05, 2023, 11:23:53 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Find a good job first that will replace your old hated job, one that also promise a good compensation, then you can leave your old job. And never settle into a single side hustle, if you think you can do more with your time availability, go for it as long as you have your high interest on it and you have the skills to make it more productive. Having a passive income is good, but in order to sustain that, you have to keep learning and developing your skills so that you will keep the productivity in your job and that will make you progress in the long run.
in many case people - choice in this case would be to quit their  job, and give time to the passive income idea - but I'm not saying you should do that.
But that is totally on you what is making you happy. if your passive income makes you happy then you can quit your job and work on it on the own

If there is assurance that the passive income will continue to be high then it is ok to think further to leave the job and focus on it completely. We can't have such an assurance with most of the passive income. For this reason it is good to have the job and keep the passive income continue as now. If not, investing the income out of passive job on something else for further revenue seems to be fair.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: jossiel on February 05, 2023, 11:33:25 PM
The great comments I have read so far has given me a better outlook about making and living with the reality of such a decision, should I happen to go through with it. 
I have come to understand and believe in the prospects cryptocurrency has to offer and with much knowledge and a family of like minds,  it is my wish to find great opportunities that would be beneficial to the fulfilment of my dreams/purpose and  finance.
You're not alone with that wish. We're all hoping that someday that we'll be working to the job that we want and as much as we want it, that could be related to the crypto market.

The purpose that we have depends on our outlook and what we're trying to achieve, if it's going to be your passion that you've got a purpose as why you've entered into this industry, you'll be eventually going to find it out.

We're just going need sometime in finding all of those and hopefully that we meet all the desires that we want while we're here.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Cryptock on February 05, 2023, 11:43:29 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Find a good job first that will replace your old hated job, one that also promise a good compensation, then you can leave your old job. And never settle into a single side hustle, if you think you can do more with your time availability, go for it as long as you have your high interest on it and you have the skills to make it more productive. Having a passive income is good, but in order to sustain that, you have to keep learning and developing your skills so that you will keep the productivity in your job and that will make you progress in the long run.
in many case people - choice in this case would be to quit their  job, and give time to the passive income idea - but I'm not saying you should do that.
But that is totally on you what is making you happy. if your passive income makes you happy then you can quit your job and work on it on the own

If there is assurance that the passive income will continue to be high then it is ok to think further to leave the job and focus on it completely. We can't have such an assurance with most of the passive income. For this reason it is good to have the job and keep the passive income continue as now. If not, investing the income out of passive job on something else for further revenue seems to be fair.
that is one valid point - the assurance part - which in not at all in the hand of person. During Covid - how a lot of successful business fell and how the mask making companies got the boom - sometime nature too is playing with us


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: freedomgo on February 06, 2023, 07:59:51 PM
Before leaving your current job and go full-time with your passive income you should consider the following factor:

1.  Your financial stability.
2.  Your passion
3.  Your work balance.

If you feel that your passive income can bring you financial instability then by all means you can leave your current job.
If your passion for work states otherwise (just like you say @OP that you detest your current job) unless the first factor is met then by all means you have to endure your current job.
If should also be aware if your current job has a bad impact in your health.  If it is then better quit your current job than your life quit for you.
As long as your own job is not healthy for you anymore because you endure too much stress already, then better leave it for good. For all we know, there are better jobs out there that are less stressful even if the compensation is not that high. Besides, having said that you are already making a passive income from your side hustles, then make it more even progressive and always do the things that will help improve your skills. At least, you have your own new stable job, plus your effective side hustles that are making your life more comfortable to live with.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Fortify on February 06, 2023, 08:55:29 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


It absolutely depends on the circumstances and how much additional work your "passive" income entails. Some people call things passive income when they are not quite auto-pilot but they are very lightweight bits of work that don't add much stress to your week. You must also remember that depending on what your passive income is, it can change rather rapidly due to conditions outside of your control - for example a change in the law might make it easier for competitors to flood the market or a major company might spot what you're doing then try to push you out. If you truly detest what you're doing to the point you wake up sad every day then it might be better for your mind and longer term health to move elsewhere, not every job might be so terrible in your profession.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Sanitough on February 06, 2023, 09:45:24 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Never leave your job instantly. Secure your finances first. If you are gaining good and stable income from your side hustles, then you can start looking for a new job to replace your old job but never settle being jobless because most of the side hustles do not last longer. Some only exist temporarily and they’re gone, except for those well established ones. So have your own day job, and make use of your free time doing some side hustles that are giving your great income too.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Unbunplease on February 06, 2023, 10:22:54 PM
You should always strive to have a passive income, because there is nothing more inconstant than a permanent job (paradoxically, situations where you lose your main income for whatever reason are very frequent). The important thing is that you have the ability to create a permanent passive income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: milewilda on February 06, 2023, 10:39:16 PM
You should always strive to have a passive income, because there is nothing more inconstant than a permanent job (paradoxically, situations where you lose your main income for whatever reason are very frequent). The important thing is that you have the ability to create a permanent passive income.
When we do talk about passive then it is really good rather than on having an active approach when it comes to your side hustle or side income unlike when its passive then i dont see a reason for you to quit up your main source of income or job even your passive is earning more than on it.Come to think that if you do able to survive or make a living with your old job then why quit? If you arent that stressed nor being comfortable
with your work then its no sense for you to quit up and focus on your passive income.We cant really make ourselves that so sure that everything is assured when it comes to future talks.
No one could know on when you would be losing that passive or neither your job.So having multiple options is always been better.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Joshapat on February 07, 2023, 01:33:18 PM
It's a good thing if passive income is equal to or higher than salary, this is everyone's dream, if this happens to me then I will continue to increase passive income sources, and of course I will continue to work so that monthly salary can be used to increase passive income, and To achieve the ideal passive income, it can be 3x higher than salary, I will focus on developing this passive income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: ancafe on February 07, 2023, 02:45:59 PM
You must clearly state the job that you hate, so that people can give an objective assessment of the decisions you make, nowadays in uncertain economic conditions, many people find it quite difficult to get a job, so talking about passive opinions is the same as making commotion.

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
Four years is a long time to keep you in that job, I assume you don't hate the job, but rather the saturation point that starts to emerge based on the rules that apply in your workplace. Even if my assumption is wrong, then you are the typical person who does not dare to leave your comfort zone, because what I understand from the writing you wrote is that this is a job you hate, but instead you have been in that job for four years. Anyone can give advice about the problems you are experiencing, but believe using instinct and assessing comfort at work are important factors in making a decision to stay or not.

The concept of living for the rich, they never think that income only comes from one job, they will do everything they can to expand their income from various sides. But apart from that, you have full rights to choose one that can make you comfortable, because sometimes wealth doesn't always make people calm in their lives.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Dr.Bitcoin_Strange on February 08, 2023, 12:32:10 AM
OP, if the income is passive and equals my salary, I will personally look at my awaiting bills to settle, my responsibilities to cater for, the possibility of saving, and how much I could be saving. I will also consider the amount of time I can have to rest and have fun, and I will check my capability of handling the two jobs, unless the passive income is an investment.

Sure, one can invest in different places that may be generating an active income steadily, but if that's the case, I will not quit my job so long as it is not causing me my time and energy to handle it, but if the passive income is something that requires my attention just like my job does, then I will consider the list I made above.

Some times, one can be earning less than one requires to spend, and that's what leads most people to take out loans or others. But if you see that your passive income is fulfilling all your bills and can be used to handle all your responsibilities, then you can quit your job and only concentrate on the passive income.

Again, you must consider your ability and your resting time; if you have the ability to handle both duties, then continue with both; if you are still able to find quality time to rest, then maintain both, but remember, "health is wealth." If you feel too stressed out, then you must let go of one, and letting go of one means you only make choices for the right one to retain, the one that will not disappoint you.

just my opinion, though and how I will respond if am in your place.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Razmirraz on February 08, 2023, 02:22:43 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I need to emphasize to you.
You only live once in the world, so have to enjoy it, so there will be no regrets one day. Time is a part of life that cannot be turned back, use time wisely to create a better life by doing the things you love.
If your time is limited by a job you don't expect, get out of that job right away, it's pointless to stay there if you're not happy.

Money can still be found, happiness cannot be bought. This is only a suggestion from me.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Renampun on February 08, 2023, 02:39:11 AM
...
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

4 years in a job you hate so much? I'm sure your decision was driven by your closest family, but this is also what you have to understand, if a job you hate gives you a stable income and can make your immediate family happy, I think surviving is a wise choice. I'm sure you don't hate your job, you just hate your coworkers who might have a lot of drama.

You already said that you hate your job, I wouldn't stay in a job that I truly hate. I'll value more my mental health than it because it's going to bear more affection to myself than to my pocket.

Since you've got streams of income including passive income and it's earning more than your salary then you've got the answer.

Follow your peace, that's all you need.

haha, I am this type of person, my mental health is my priority. before becoming a full-time freelance and housekeeper, I was a gold broker, my boss gave our team unreasonable targets and my coworkers played a lot of drama for their personal gain, finally, after seeking permission from my partner to leave work, I immediately quit my workplace and toxic co-workers as soon as possible.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: xSkylarx on February 08, 2023, 03:28:48 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I need to emphasize to you.
You only live once in the world, so have to enjoy it, so there will be no regrets one day. Time is a part of life that cannot be turned back, use time wisely to create a better life by doing the things you love.
If your time is limited by a job you don't expect, get out of that job right away, it's pointless to stay there if you're not happy.

Money can still be found, happiness cannot be bought. This is only a suggestion from me.


I am amazed at those people who are pursuing their dreams, taking the risk to leave their job, but this is not easy for those who have families to feed because they need to see that he can still provide while pursuing his dreams. Time is really precious, and still you are suffering from the job you don't want, so it is really better to chase your passion so that you treat your job as a hobby that you are enjoying. How I wish I could do this, but I can't take the risk as I am the breadwinner.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Reatim on February 08, 2023, 04:37:38 AM
If i were in your shoe? as long as the passive income provider does not effect my regular Job then why not consider them both continuously? and also that is why you addressed that as Passive Income meaning you does not consider this as main area of profiting .

Work Hard and you will see the outcome in time , there is no perfect source of income than multiple ways like what you are having now.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Lubang Bawah on February 08, 2023, 05:04:35 AM
If this has only happened for less than a year then I will not take the risk of leaving work, it is too risky if you only rely on one source of income, namely from passive income, moreover passive income is usually uncertain and there is no guarantee whether it will last for a long time, until now I'm happy and always looking for a source of income and hope to be able to make it happen to get a passive income that is greater than the cost of living and monthly salary.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: gabbie2010 on February 08, 2023, 06:01:39 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Well if you don't have much financial commitments I support quiting your job to fully concentrate on your passive income which I believe will yield more earnings, financial obligations in terms paying for bills, goods and services, catering for a family etc, alternatively if your daily job doesn't hinder the process earning your passive income, I think you should continue to endure with your daily job and do both side by side and give your daily job a time frame for proper planning before finally quiting maybe in one or years provided that you have made enough savings or investment.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Strongkored on February 08, 2023, 06:14:23 AM
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
If both can be run simultaneously and also you can still enjoy social life well then why not run both simultaneously because it means you have 2 sources of income and that is very good for making your economy stable, having 2 sources of your income is the dream of many people and me think that the passive income that you can exceed your basic salary should be an opportunity for you to invest more and finally be able to own assets and guarantee a better life for you in the future.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Synchronice on February 08, 2023, 07:30:40 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

My attitude is that you should never be a job slave and you should always try to escape from working for others as soon as possible and become more independent, even if it might be more stressful. If your passive income become greater than your job, okay, let's think about this, you probably spend 10 hours a day or more in your job and probably 4 hours on your side project(s). You should analyze the market, is your side project something that will work well in the near future? Is it something that can generate much more money if you quite job and spend 12 hours a day? Are there any side projects that you wanna create and keep with it?
You should analyze your situation, possibilities and demand on your side project. Only you can decide whether it worth or not.
But I want to give you some my favorite people as an example:
Blumaan (https://www.youtube.com/@joeisblu/videos) - It was a side project done during a free time that turned into a very successful profitable business.
Chris Bumstead (https://www.youtube.com/@ChrisBumstead) - You may know Chris Bumstead, a very successful young bodybuilder. Bodybuilding wasn't his side project but he is an example of dedication for me.
Dustin Bates (https://www.youtube.com/watch?v=PrpkkAw3wh4) - music was always a side project for me that he was doing during his free time when he was studying electrical engineering in Ohio State University, he even holds Doctorate. He founded rock band called Starset (https://www.youtube.com/@starsetonline) that is doing very well. Their song My Demons (https://www.youtube.com/watch?v=LSvOTw8UH6s) is a real hit that a lot of people know around the world.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Supreemo on February 08, 2023, 07:36:46 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

My attitude is that you should never be a job slave and you should always try to escape from working for others as soon as possible and become more independent, even if it might be more stressful. If your passive income become greater than your job, okay, let's think about this, you probably spend 10 hours a day or more in your job and probably 4 hours on your side project(s). You should analyze the market, is your side project something that will work well in the near future? Is it something that can generate much more money if you quite job and spend 12 hours a day? Are there any side projects that you wanna create and keep with it?
You should analyze your situation, possibilities and demand on your side project. Only you can decide whether it worth or not.
But I want to give you some my favorite people as an example:
Blumaan (https://www.youtube.com/@joeisblu/videos) - It was a side project done during a free time that turned into a very successful profitable business.
Chris Bumstead (https://www.youtube.com/@ChrisBumstead) - You may know Chris Bumstead, a very successful young bodybuilder. Bodybuilding wasn't his side project but he is an example of dedication for me.
Dustin Bates (https://www.youtube.com/watch?v=PrpkkAw3wh4) - music was always a side project for me that he was doing during his free time when he was studying electrical engineering in Ohio State University, he even holds Doctorate. He founded rock band called Starset (https://www.youtube.com/@starsetonline) that is doing very well. Their song My Demons (https://www.youtube.com/watch?v=LSvOTw8UH6s) is a real hit that a lot of people know around the world.
,this is really a true advice. I have somewhat similar situation in which I needed to choose between my job and my small time business, as of now I didn't want to pressure my self into deciding immediately. As of now I could still say that everything is within my control and I don't want to rashly choose, coz maybe what if something happens and I'll regret it right? I guess my best choice for now is to observe.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: uswa56 on February 08, 2023, 08:27:32 AM
My attitude is that you should never be a job slave and you should always try to escape from working for others as soon as possible and become more independent, even if it might be more stressful. If your passive income become greater than your job, okay, let's think about this, you probably spend 10 hours a day or more in your job and probably 4 hours on your side project(s). You should analyze the market, is your side project something that will work well in the near future? Is it something that can generate much more money if you quite job and spend 12 hours a day? Are there any side projects that you wanna create and keep with it?
You should analyze your situation, possibilities and demand on your side project. Only you can decide whether it worth or not.
But I want to give you some my favorite people as an example:
Blumaan (https://www.youtube.com/@joeisblu/videos) - It was a side project done during a free time that turned into a very successful profitable business.
Chris Bumstead (https://www.youtube.com/@ChrisBumstead) - You may know Chris Bumstead, a very successful young bodybuilder. Bodybuilding wasn't his side project but he is an example of dedication for me.
Dustin Bates (https://www.youtube.com/watch?v=PrpkkAw3wh4) - music was always a side project for me that he was doing during his free time when he was studying electrical engineering in Ohio State University, he even holds Doctorate. He founded rock band called Starset (https://www.youtube.com/@starsetonline) that is doing very well. Their song My Demons (https://www.youtube.com/watch?v=LSvOTw8UH6s) is a real hit that a lot of people know around the world.
,this is really a true advice. I have somewhat similar situation in which I needed to choose between my job and my small time business, as of now I didn't want to pressure my self into deciding immediately. As of now I could still say that everything is within my control and I don't want to rashly choose, coz maybe what if something happens and I'll regret it right? I guess my best choice for now is to observe.
that's the right thing because all decisions taken in a hurry allow for regrets in the future.
If business and work can be done together, I think it's good enough without having to leave one of them.
because in both jobs there is no guarantee at all that it will continue to be the same as we expect.

input or suggestions from our friends Synchronice  (https://bitcointalk.org/index.php?action=profile;u=3371484)is good enough that we can't drag on to work we don't like and also because of a lot of pressure from other people / work superiors.
fun work is work that we love that we will do with all our hearts without thinking about the appropriate rewards even though everyone who works needs money but that is not the main thing but what we do makes ourselves more satisfied.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: irhact on February 08, 2023, 08:52:31 AM
If both can be run simultaneously and also you can still enjoy social life well then why not run both simultaneously because it means you have 2 sources of income and that is very good for making your economy stable,

If what you're saying was possible then the OP won't have come to the forum to asked for suggestions. Also it isn't always about the money, we have people that value their free time more than any money they can possibly make from stressing themselves. Probably the OP is getting stressed from working his main job since that which is his passive income is giving him more money so he's seeking for recommendations on what to do.

If I were in your shoes OP, I would quit my salary job, reduced my expenses and work on making my passive income more productive. Before, you had your attention divided and yet your passive income was giving you equal or slightly more than your salary job, now imagine what will be the outcome when you have all your attention to your passive income works. I always advise people to chase their dreams and not die working for the system.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Dickiy on February 08, 2023, 10:50:30 AM
If both can be run simultaneously and also you can still enjoy social life well then why not run both simultaneously because it means you have 2 sources of income and that is very good for making your economy stable,

If what you're saying was possible then the OP won't have come to the forum to asked for suggestions. Also it isn't always about the money, we have people that value their free time more than any money they can possibly make from stressing themselves. Probably the OP is getting stressed from working his main job since that which is his passive income is giving him more money so he's seeking for recommendations on what to do.

If I were in your shoes OP, I would quit my salary job, reduced my expenses and work on making my passive income more productive. Before, you had your attention divided and yet your passive income was giving you equal or slightly more than your salary job, now imagine what will be the outcome when you have all your attention to your passive income works. I always advise people to chase their dreams and not die working for the system.
But really, if you can still do both why not, yes, even though the income from work and income are almost the same, isn't it great to increase income to add other sources of passive income.
If I were OP I would do both until my passive income can be doubled from now, it can be done with investment or whatever it is that provides passive income every month, isn't it better for the future which may not only be sufficient in terms of financial but it will make us calm because we have many furnaces of income, so if there are already a lot of passive income sectors and it is thought that it is quite recent to stop working and enjoy a good life with family without thinking about work anymore.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Wong Gendheng on February 08, 2023, 02:49:34 PM
The standard of life of each person is certainly different, various ways are used to earn income, and the current trend is to rely on passive income, with ease of access to technology, we easily find sources of income from passive income, most people use capital for franchise business, which has proven more Easy to produce passive income, if one day passive income is greater than a monthly salary then it's time we focus on raising the passive income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: livingfree on February 08, 2023, 10:01:50 PM
Quit if you're earning more with your passive income, you can do so much by quitting and finding another job or purpose in life while continuously earning with your passive income.

Life is too short to be just boxed with the job that you don't really like and is just like for survival.

Enjoy each day that you're living and choose what's going to make you happy. That's always the best option to pick.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Unbunplease on February 08, 2023, 10:13:22 PM
It all depends on the type of passive income. Whether it is, for example, permanent. If the passive income is temporary, then a salary is a more reliable source of income. Although freelancing is freedom, freedom is a very important advantage of passive income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: stomachgrowls on February 08, 2023, 10:17:52 PM
Quit if you're earning more with your passive income, you can do so much by quitting and finding another job or purpose in life while continuously earning with your passive income.

Life is too short to be just boxed with the job that you don't really like and is just like for survival.

Enjoy each day that you're living and choose what's going to make you happy. That's always the best option to pick.
Not that recommendable because if that passive income of yours would really be that gone or would end up on not to be gaining that much then what would you do? Unless if you do have 2-3 passive incomes which
could sustain your living then it would really be that considerable but only having one? and you dont have something that you could really be able to rely on then it wont be that necessary on quitting
your current job and focus into that passive income of yours.

You could still able to work with your main job and having those passives.Who wouldnt really be liking on having multiple income sources?


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: shinratensei_ on February 08, 2023, 11:29:18 PM
The standard of life of each person is certainly different, various ways are used to earn income, and the current trend is to rely on passive income, with ease of access to technology, we easily find sources of income from passive income, most people use capital for franchise business, which has proven more Easy to produce passive income, if one day passive income is greater than a monthly salary then it's time we focus on raising the passive income.
urely if it's income from franchise business that could hold for long despite having breaking even point that's quite long but as long as the passive income is quite high that it surpasses the main income then things would work out, the only problem is when someone relying in their passive income meanwhile their passive income coming from something that might just be a trend, like metaverse gaming in the past where it flourish you could just stake some NFT and earns meanwhile nowadays it's not generating profit anymore, that's when we should be concerned that even in passive income there's something that might not last long and should be just considered only temporary passive income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: GideonGono on February 08, 2023, 11:30:05 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

If you could do both of it and you are also happy with your job or enjoy some time with your colleagues then why would you even need to think about it?
But if you are having a hard time from your job or being stressed due to your workmates then I think it is better to quit and focus on the job that makes you happy.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: dunfida on February 08, 2023, 11:34:24 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

If you could do both of it and you are also happy with your job or enjoy some time with your colleagues then why would you even need to think about it?
But if you are having a hard time from your job or being stressed due to your workmates then I think it is better to quit and focus on the job that makes you happy.
I'll prefer on this way rather than on quitting.If im enjoying or happy with my current job and at the same time you are earning from your passive then i do agree on what others been
saying that there's no point for you to quit.Earning money with other sources isnt really that everyone  could achieve and this is why you should really be that thankful if ever
you had some success on some passive income on where most people do really fail on achieving so be thankful.
Be wise and make out more investment out of the money you are earning because not all does able to get that opportunity.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: fadhilz123 on February 08, 2023, 11:56:34 PM
The standard of life of each person is certainly different, various ways are used to earn income, and the current trend is to rely on passive income, with ease of access to technology, we easily find sources of income from passive income, most people use capital for franchise business, which has proven more Easy to produce passive income, if one day passive income is greater than a monthly salary then it's time we focus on raising the passive income.
This can indeed be a solution for additional income, especially if the income can be passive. But everyone who already has a monthly salary, I don't think they need to forget about a job that has paid him a salary every month only when his passive income is much greater than his salary. I agree with what you are saying because when income can be increased through doing business, there is nothing wrong with trying because it is an opportunity that may not come twice.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Botnake on February 09, 2023, 03:41:59 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


Isn't the answer obvious? I would quit my job and do whatever I like. (of course that's if you don't like your job)

For example:

Let's say you are making $3k from your job and making another $3k from your passive income. If you don't like your job you can quit it and do something you like. Maybe you will make less but you will have more fun.

What is life without fun? Why do we live? To live a fun and happy life. If you are not happy with what you are doing, you should quit that stuff and do what you like.

Heck you can do nothing and spend your passive income too, that's called retirement.
I understand OP’s sentiments as he is obviously hesitant to leave for some quite important reasons, most especially if he is a breadwinner so he should always have the means to provide his family, that’s why his decision should not only matter just for himself but for all the people that are relying to him. However, let’s always remember that working is not just about money making and saving for the future, but let’s also consider the impact of the job to your own life. If the job is making you unhealthy already and you’re no longer enjoying and having fun, I guess it’s best to save yourself first than to save your job. After all, you have another source of income that provides for you, so make use of it while you are looking for a new job that suits your interests and will enhance your skills.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Sithara007 on February 09, 2023, 03:55:31 AM
There was a time when I used to earn as passive income, compared to what I used to receive from my regular job. But times have changed. Now the salary from my full-time job (after taxes) stand 4-5 times higher than the income from the passive job. But still I never take the passive income lightly, as it gives me more financial security. In today's job market, it is necessary to have enough job security. Companies doesn't mind firing people, if they need to undertake cost-cutting measures. I heard that in the Bay Area alone, close to 100,000 IT engineers have lost their job in the last few months. Unless you are in the top 10% in your respective field, it is always good to be prepared. 


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Joshapat on February 09, 2023, 06:40:17 AM
If passive income is greater than salary then the best thing is to focus on passive income, of course we have to know whether passive income is from business or investment, if we get passive income from business such as franchising then there is not much we can do, it's better looking for or building a new business so that our passive income continues to increase.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: livingfree on February 09, 2023, 07:01:10 AM
Quit if you're earning more with your passive income, you can do so much by quitting and finding another job or purpose in life while continuously earning with your passive income.

Life is too short to be just boxed with the job that you don't really like and is just like for survival.

Enjoy each day that you're living and choose what's going to make you happy. That's always the best option to pick.
Not that recommendable because if that passive income of yours would really be that gone or would end up on not to be gaining that much then what would you do? Unless if you do have 2-3 passive incomes which
could sustain your living then it would really be that considerable but only having one? and you dont have something that you could really be able to rely on then it wont be that necessary on quitting
your current job and focus into that passive income of yours.

You could still able to work with your main job and having those passives.Who wouldnt really be liking on having multiple income sources?
It's a passive income and I think that it's quite stable based on how OP explained it. I'll value my mental health than getting that money. These days are stressful and it's far different from the early years, several years ago.

He has said that he's earning more than his day job so that passive income should be good already even if it's just one source. But I do agree that someone has to aim for more passive income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: dezoel on February 10, 2023, 09:11:41 PM
There was a time when I used to earn as passive income, compared to what I used to receive from my regular job. But times have changed. Now the salary from my full-time job (after taxes) stand 4-5 times higher than the income from the passive job. But still I never take the passive income lightly, as it gives me more financial security. In today's job market, it is necessary to have enough job security. Companies doesn't mind firing people, if they need to undertake cost-cutting measures. I heard that in the Bay Area alone, close to 100,000 IT engineers have lost their job in the last few months. Unless you are in the top 10% in your respective field, it is always good to be prepared. 
That is how regular passive income should be seen as, and many people try to reach to a level where they can quit their job. Passive income is not important so you could quit your job and live with that, there is no point on dropping the amount of money you get each month.

If you make 1000 dollars a month from your job, and then you slowly grow your passive income and now make 1000 with that, instead of quitting your job and still having 1000, why not keep your job and have 2000 instead? Isn't that much better for everyone? I know that there are situations where you could get fired, but that's not in your control, so it's better to have passive income for that, but not for quitting.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Wiwo on February 10, 2023, 11:25:30 PM
I use to fine myself in the same dilemma some time ago where I hard to make a hard decision of letting go of my job and focusing on other things that bring my income and peace of mind, some time our regular job may be high paying and secured,  but the stress and motivation are not there and that drained our zeal and joy for the job.
- some time ago I was caught in-between this cycle of decisions making and thank goodness I choose my happiness rather than money and as long as I have a side hustle that can pay my bills and allow me the time to do other things that make me happy,  I am cool with it.
-It's already 2 year down the line and my side hustle have expanded with new branches I am the manager of myself and life have become more fulfilling for me since then.
-So check and weigh your options, and then make your decision as it best suit your condition.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: fadhilz123 on February 10, 2023, 11:45:28 PM
If passive income is greater than salary then the best thing is to focus on passive income, of course we have to know whether passive income is from business or investment, if we get passive income from business such as franchising then there is not much we can do, it's better looking for or building a new business so that our passive income continues to increase.
Trying to increase passive income is indeed a very good step, but what needs to be underlined here is that any passive income is always good to receive at any size because usually passive income can always make your life more comfortable without having excessive economic pressure. So if someone doesn't move to create a new business to increase passive income in his life, I don't think he also made a wrong move as long as he can still enjoy other passive income from the old business.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Davidvictorson on February 11, 2023, 05:52:27 AM

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

There is no joy in going to a job you hate. Well, OP, if you have spoken to your line manager about what makes you unhappy and they seem adamant about helping you fix aspects of the work that you do not enjoy to make it better, I would say that you should consider an alternative, which may be a new job that fits in with your interests and skills. or even switching career paths totally. Also, remember that we live in a time where you need multiple streams of incomes. So despite your side hustle paying more, you need more streams even if you decide to look for another job.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Kakmakr on February 11, 2023, 08:42:42 AM
It's a very difficult decision to make....

You can quit your job and have a better quality of life (which are the more important aspect of life) or you can stay with the security that your job offers and hate it every day.

I think I would consider if the passive income has higher risks than what you might be faced at work, if it does... then I would rather look for something else while I live on the passive income.. to supplement that income, if it fails.  ::)


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: fuer44 on February 11, 2023, 12:21:44 PM
I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: xSkylarx on February 11, 2023, 01:21:29 PM
I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.

It was also the best move, but others are already exhausted from their main job, which is why they are planning to focus more on their passive income, but it was a really bad move as passive income is really effortless, meaning you are not doing anything but still earning money, so it would be better if you had a job that was still giving you money at the same time and also tried to improve more your passive income. OP is really lucky to have both, but just to be safe, it would be nice to stay at his current job and at the same time run the passive income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Inwestour on February 11, 2023, 01:30:51 PM
Trying to increase passive income is indeed a very good step, but what needs to be underlined here is that any passive income is always good to receive at any size because usually passive income can always make your life more comfortable without having excessive economic pressure. So if someone doesn't move to create a new business to increase passive income in his life, I don't think he also made a wrong move as long as he can still enjoy other passive income from the old business.
I'm not sure what business can be called passive income. Business requires a lot of time, you need to be present and control a lot of processes, this can often take a lot more than your other work.

And passive income is something that generates income without your participation. A simple example would be even a garage that you don't use and rent out, so you make a monthly profit but do nothing. Even a deposit in a bank is a passive income, but I don't like this example, because inflation will eat up the profits.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Tony116 on February 11, 2023, 02:24:49 PM
I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.

It was also the best move, but others are already exhausted from their main job, which is why they are planning to focus more on their passive income, but it was a really bad move as passive income is really effortless, meaning you are not doing anything but still earning money, so it would be better if you had a job that was still giving you money at the same time and also tried to improve more your passive income. OP is really lucky to have both, but just to be safe, it would be nice to stay at his current job and at the same time run the passive income.
I will also choose this way, having 2 or more sources of income will still be better than 1, IMO. Because life will always have unexpected things happen, there is no guarantee that that passive income will last forever or that our work will always be favorable to generate income for us.
Maybe it's a job we don't love, but it still gives us a good income and saves us money for the future, there's no reason to give it up. If I am lucky like OP, I will try to maintain both, as long as I can make more money for my family, I will never hate it. There is no reason to hate the things that benefit us.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: mvdheuvel1983 on February 11, 2023, 03:19:03 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I would stay on the side of passive income when I remember the salary cuts and dire economic situation that almost pushed me into the streets during the pandemic and the year after. A salaried job, despite the benefits attached to it, is not consistent. It was the income from my side hustle that I had been building up along with my main job that saved me.
In other words, I trust my passive income to provide me with greater financial stability than my salary job. Right now, my earnings is from my passive income is higher but I won't quit because we need the multiple streams of income to keep flowing in.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: rangga28 on February 11, 2023, 04:07:19 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


I am very impressed with your life story in terms of having a job that you really hate, because right now that's what I'm experiencing, and that can't be separated from the support of my family and friends who always advise me to keep going even though I don't like my current job.

Because I really want to start a business, but I don't have the capital to start it, so apart from the support of family and friends, I continue to motivate myself to survive my current job just to collect
capital, I continue to instill positive things in my mind.

"And hopefully this will be a springboard for me to start the business I want." This is what always pops up in my mind when I start working. And this is very effective in making me passionate about working even though I don't like it.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: MiF on February 11, 2023, 08:07:39 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Well if i were you i will quit my job, you know life is to short and time is very important we need to spend time with our family be happy and be more wise, if i have another income line you and if will give me a time freedom i will surely quit my job, spending 8 hours in your regular job with a minimum salary is very disgusting if there is any other source of income and you can have longer time for the family then go for it.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Cryptock on February 12, 2023, 08:08:53 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

Well if i were you i will quit my job, you know life is to short and time is very important we need to spend time with our family be happy and be more wise, if i have another income line you and if will give me a time freedom i will surely quit my job, spending 8 hours in your regular job with a minimum salary is very disgusting if there is any other source of income and you can have longer time for the family then go for it.
if your passive income is equal to your salary this means you have potential to do both and should not give up any of them
At this time - less is more-one needs a passive income to survive
Have I been to decide I would not give up any of the two option


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: panganib999 on February 12, 2023, 08:28:13 PM
One of the biggest mistake someone who had opportunities to increase their salary potential is leaving one for the other because "my side hustle pays enough anyway". It don't. Taking away one of your income avenues is like breaking one of your own knees. Sure you'd be able to walk, but not as easy as back then. I would highly suggest you keep working on your current 9-5, perfect and expand upon your passive income until it completely goes above your 9-5 salary, learn financial literacy and other important economic things that you would have to learn in order to become effective with your own money, and only by then can you allow yourself to leave your old job. Nowadays, the bitter truth is that it's much better to get sick working than be healthy while unemployed, at least that's the truth for me based on experience.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Jatiluhung on February 12, 2023, 08:39:49 PM
I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.
the steps you take are indeed the safest and most realistic steps to take. because getting out of the main job does require very mature consideration. even though at that time we had a fairly high passive income. But yeah, it's better to have more savings or more thorough preparation before deciding to quit your job.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Furious 7 on February 12, 2023, 09:02:22 PM
I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.
the steps you take are indeed the safest and most realistic steps to take. because getting out of the main job does require very mature consideration. even though at that time we had a fairly high passive income. But yeah, it's better to have more savings or more thorough preparation before deciding to quit your job.
As long as we don't have a problem with dividing time and it's not a burden, it's still very possible to do, especially when the main job has long prospects, even though it's still smaller than a side job.
Things like this may also return to everyone's thinking because we are currently in conditions where side jobs are more profitable, not a few people focus there, at least where I and many of my colleagues are like that.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Pejoh Asu on February 13, 2023, 06:52:40 AM
I hope one day I can get passive income that is bigger than active income, if that happens of course the best thing I will do is look for other sources of passive income or make passive income bigger, of course it takes time and experience to be able to get passive income income which is equivalent to active income, but by spreading money to many types of investments, we can have the opportunity to get passive income which is bigger than active income.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Mauser on February 13, 2023, 07:19:15 AM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


Sorry to hear that you are struggling in your job and also congratulations that you already have such good investments that yield a nice passive income. Quitting your job is a tough decision that should be well thought through. First of all, how reliable is your passive income? Will this continue till the end of your life without any real risks attached to it? A good friend of mine got a house from his parents when he turned 30. He prefers to live in the city and rents out the house with a nice passive income. The problem is that he can't fully rely on it because the house is already older and there always some small issues with it. For him it's a bonus to his everyday life, but he needs to put a lot of money away for repairs and maintenance. The second issue you already mentioned is inflation. How reliable is your passive income when it comes to high inflation. Any regular paying job has to eventually increase the salary with inflation rates, this might take a few years but  is eventually going to make us not lose out on the value of our money. With any fixed interest rate passive income we might be losing in the long run if the inflation remains high.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: LogitechMouse on February 13, 2023, 07:35:47 AM
I will continue to work at my main job (if I'm already working) because after all, what is called passive income sometimes doesn't always work continuesly. It would be wiser if we put passive income into our savings and we continue to work as usual or start a new business.
It depends and a bad advice coming from you.

Passive income is a continuous cash flow coming from companies. I'm pertaining about the stock market since they're the ones that are giving passive income towards the stakeholders thru dividends. They are giving yearly.

With regards to the passive income putting into savings, that's a bad decision for me. Why you put your earnings of your passive income into savings where in fact, you can just re-invest it again and increase your passive income? Dividend re-investing. It's good to say that you will continue to work, and it's the advice that you will heard from many people especially if you can still work.

I hope one day I can get passive income that is bigger than active income, if that happens of course the best thing I will do is look for other sources of passive income or make passive income bigger, of course it takes time and experience to be able to get passive income income which is equivalent to active income, but by spreading money to many types of investments, we can have the opportunity to get passive income which is bigger than active income.
I have seen this numerous times in different platforms, but this is the formula that they are using.
(Your expected monthly passive income x12) / percentage

Increasing your capital also increase your passive income depending on what asset did you invest with. Good for you because you think of looking for other sources of passive income to make it bigger. Some took their passive income and spend it anywhere. Building a portfolio that will give you a passive income higher than your current income will take a long time (depending on how many your streams of income are), but it's achievable. We've seen many people that got millions of dividends thru stock market and that's passive income.

Anyway if I may ask, what are the assets that are giving passive income to investors? I have some in my mind, but maybe there's something that I don't know. :)


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Raizok21 on February 13, 2023, 04:36:00 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?


For me, it is either I keep holding onto that job or I'll find another job that I like. Though, my passive income pays slightly above my salary I'll still working for a job. It is safe to resign if you already have multiple sources of income, aside from your job, and those incomes double or triple your salary.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: molsewid on February 13, 2023, 06:59:57 PM
I hope one day I can get passive income that is bigger than active income, if that happens of course the best thing I will do is look for other sources of passive income or make passive income bigger, of course it takes time and experience to be able to get passive income income which is equivalent to active income, but by spreading money to many types of investments, we can have the opportunity to get passive income which is bigger than active income.
Yeah it is very hard to make it and it will cost you so many things of course, your sleep your body and your mental health but then we should learn to prioritize ourselves better than anything else because that will be our biggest investment in our life. Right now, in my case I will rest for awhile because I'm burning out and this season makes me tired, I just hope to have that energy again and move forward.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: jossiel on February 13, 2023, 11:04:17 PM
For me, it is either I keep holding onto that job or I'll find another job that I like. Though, my passive income pays slightly above my salary I'll still working for a job. It is safe to resign if you already have multiple sources of income, aside from your job, and those incomes double or triple your salary.
When you cannot take it anymore, you're free to resign and you won't be problematic with what you're going to face because you've got other source of income. That will support you in finding another job if ever you're too decisive to leave the company as soon as possible.

This generation is making everyone realize that having multiple source of income is a norm. With how tough life is financially, supporting ourselves and our families through many source of income is truly the key.

If someone can stay on that day job and you're just receiving some unpleasant feedbacks and hearsays, it's your determination whether to stay or leave.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Vaskiy on February 13, 2023, 11:13:52 PM
I hope one day I can get passive income that is bigger than active income, if that happens of course the best thing I will do is look for other sources of passive income or make passive income bigger, of course it takes time and experience to be able to get passive income income which is equivalent to active income, but by spreading money to many types of investments, we can have the opportunity to get passive income which is bigger than active income.
Yeah it is very hard to make it and it will cost you so many things of course, your sleep your body and your mental health but then we should learn to prioritize ourselves better than anything else because that will be our biggest investment in our life. Right now, in my case I will rest for awhile because I'm burning out and this season makes me tired, I just hope to have that energy again and move forward.
Thats true, keep on earning and at some point we'll have income from three or four streams. Fortunately we won't be healthy enough to enjoy the earning. Such scenario shouldn't happen, so whether it is active income or passive income I prefer to spend and enjoy life at regular interval.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: AnonBitCoiner on March 11, 2023, 04:25:25 PM
If you have a job then i will suggest that you should not leave it because these days getting job is very hard. Every person wants to have job and they work very hard to get it.

May be your income in this job is minimum and you cannot afford your house facilities that's why you do not like your job. If you have another offer which provides you better pay then surely do that but first clarify that what type of job is it because if you resign the present job and then start hating another job then there will be no other option with you.

If you are in desires of getting more income then make investment then you can do it with your job and success investment does not matter that have you any job or not.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: soramon on March 12, 2023, 11:43:36 AM
Well if im on your position right now ill stay with current job and make it enjoyable. I mean you have already passive income that surpass your job, that a good safe point. You can spend your money whatever you like and you will forget this thing.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Cedie on March 12, 2023, 12:03:07 PM
Ask yourself first, "Why did I enter in this job?" If the reason is still applicable, stay. If not, leave. Also look forward, 5 years from now, would you regret leaving that job of yours? It won't be an easy decision but It'll be worth it if you make the best out of it. You  don't have to regret whatever decision it may be, you just have to stand for it. If I was you, I'll take a rest, make a decision, and ignore everyone else.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: Russlenat on March 12, 2023, 02:12:45 PM
I use to fine myself in the same dilemma some time ago where I hard to make a hard decision of letting go of my job and focusing on other things that bring my income and peace of mind, some time our regular job may be high paying and secured,  but the stress and motivation are not there and that drained our zeal and joy for the job.
- some time ago I was caught in-between this cycle of decisions making and thank goodness I choose my happiness rather than money and as long as I have a side hustle that can pay my bills and allow me the time to do other things that make me happy,  I am cool with it.
-It's already 2 year down the line and my side hustle have expanded with new branches I am the manager of myself and life have become more fulfilling for me since then.
-So check and weigh your options, and then make your decision as it best suit your condition.
That’s good to hear. It only means you were right then with your decision. However, in case of OP, if he is a family man, he should think twice first before leaving his stable job. He could end up making a wrong decision and leave his family suffering from hunger. Sometimes, even if you detest the nature of your job, as long as you still need it so badly to provide for your family, then you should stay with it. But if you really feel that you can find a better job without leaving your side hustles, then go and take the risk, but never settle on your side hustles only as they will not be around forever. Find another job that fit for you and where you feel more happy and convenient too, that way you can still enjoy your day job while keeping those side hustles that provide additional income for you.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: bbigtart on March 12, 2023, 02:54:43 PM
Sometimes there is some truth but it's not that simple, there are many aspects that must be considered in making a decision like that, especially sometimes considering the limited competence we have we also have to look at good segments and it is necessary to set a good strategy and be good at seeing opportunities.

so the point is that careful planning is needed to make decisions, almost the majority of people also want to have their own business, especially hobbies or businesses that are enjoyable or comfortable being able to make money. for me to make a decision like that, at least I have to have the same views as the people closest to me, especially my family and support each other.

because if you want to open any business you have to do it yourself, that will be a problem that must be considered. One more PRINCE and LAZY is a DISEASE and POISON that has become a habit for people now, it must be removed..!! "SO VERY IMPORTANT PLANNING AFTER RESIGN"


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: barisbilgili on March 12, 2023, 03:01:18 PM

I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.

If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?

I've been in that position, it's not easy to decide because there are many fears and suggestions that interfere with what we want from the people around us.
first, you must look at your financial capabilities when you are no longer receiving a fixed salary and it must be adjusted to your expenses, you must calculate very carefully for your finances in the future.
and secondly, if you are constantly under pressure at work, you will not find happiness, try to get out of your comfort zone and do the best in yourself beyond your limits, if your first calculation is observant then don't hesitate and don't be afraid to start new things, all possibilities are still possible to happen in your life and even you can be more advanced and successful.


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: bitbollo on March 12, 2023, 03:17:49 PM
just a question to @OP ... passive income or the classic job are guaranteed ?
are you able to earn these amount for several years or something can happens? with your job you can aspire to a better position or maybe better earning?

I think that after covid pandemic it's become more obvious that some business can be disrupted literally in matter of days.
Job is a job. It is not fun, it is "painful" even hard and much more negative terms...but in most case it's a guarantee for your income.
That's why I will continue to earn both. and even if the side job provide a good salary.
 


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: WatChe on March 12, 2023, 05:30:15 PM
just a question to @OP ... passive income or the classic job are guaranteed ?
are you able to earn these amount for several years or something can happens? with your job you can aspire to a better position or maybe better earning?

I think that after covid pandemic it's become more obvious that some business can be disrupted literally in matter of days.
Job is a job. It is not fun, it is "painful" even hard and much more negative terms...but in most case it's a guarantee for your income.
That's why I will continue to earn both. and even if the side job provide a good salary.
 

If you have a permanent job that promises old age benefits then no need to quit that job no matter how much you earn from passive income. Passive income is never guaranteed, it can go up and down with time. So better stick with your job to run your kitchen.
One more thing is we must do jobs since its good to have social interaction with people and have contacts. What we can achieve by sitting idle at home ( no matter how much we earn through passive income).


Title: Re: When your passive income equals or slightly above your salary, what would you do
Post by: tjtonmoy on March 12, 2023, 07:19:52 PM
From my perspective, why not keep both. If you feel like that you can keep both, then you should never leave your job. Even a small amount could come in handy in an emergency situation. And when it comes to money, keep earning it until you are satisfied.
Always keep something as a backup plan. Never underestimate one because of the other. Everything has its own value, and the harsh reality is you will never know its worth until you lose it. Sometimes you can not get it back no matter how much you try later.
But at the end, it's your life. Do what seems the best for you.