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

[gabbie2010]

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.

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[Strongkored]

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.

[Synchronice]

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 - It was a side project done during a free time that turned into a very successful profitable business.
Chris Bumstead - 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 - 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 that is doing very well. Their song My Demons is a real hit that a lot of people know around the world.

[Supreemo]

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 - It was a side project done during a free time that turned into a very successful profitable business.
Chris Bumstead - 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 - 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 that is doing very well. Their song My Demons 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.

[uswa56]

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 - It was a side project done during a free time that turned into a very successful profitable business.
Chris Bumstead - 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 - 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 that is doing very well. Their song My Demons 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 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.

[irhact]

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.

[Dickiy]

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.

[Wong Gendheng]

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.

[livingfree]

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.

[Unbunplease]

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.

[stomachgrowls]

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?

[shinratensei_]

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.

[GideonGono]

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.

[dunfida]

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.

[fadhilz123]

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.

[Botnake]

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.

[Sithara007]

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. 

[Joshapat]

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.

[livingfree]

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.

[dezoel]

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.