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

[Cryptomultiplier]

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?

[1714571589]

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[mindrust]

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.

[Henrobakkara]

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.

[franky1]

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

[fuguebtc]

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.

[Ultegra134]

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.

[Aanuoluwatofunmi]

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.

[Ndabagi01]

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.

[Minecache]

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.

[PrivacyG]

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

[jossiel]

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.

[Wapfika]

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.

[AbuBhakar]

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.

[glendall]

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

[The Sceptical Chymist]

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.

[Fiatless]

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.

[naira]

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.

[Lucius]

~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.

[dothebeats]

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.

[slapper]

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.