When your passive income equals or slightly above your salary, what would you do

[jossiel]

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.

[Vaskiy]

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.

[AnonBitCoiner]

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.

[soramon]

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.

[Cedie]

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.

[Russlenat]

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.

[bbigtart]

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"

[barisbilgili]

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.

[bitbollo]

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.
 

[WatChe]

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).

[tjtonmoy]

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.