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

[darewaller]

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.

[uneng]

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?

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.

[romero121]

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?

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.

[Theones]

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?

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.

[og kush420]

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 ...

[jeraldskie11]

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.

[Stalker22]

~

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.

[odunybiz]

[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.

[JeffBrad12]

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.

[o48o]

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.

[CageMabok]

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.

[lienfaye]

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.

[darkangel11]

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.

[ethereumhunter]

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.

[Nwada001]

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.

[Ever-young]

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. 

[hyudien]

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.

[KingsDen]

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!

[Fivestar4everMVP]

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.

[coolcoinz]

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.