When You Should Quit Your 9-5 Step By Step
Wealthy Way
Ryan Pineda
4.8 • 2.1K Ratings
🗓️ 2 February 2023
⏱️ 36 minutes
🧾️ Download transcript
Summary
Want to quit your 9-5 and become an entrepreneur? This podcast is for you! It includes Ryan’s story about how he transitioned from his 9-5 and steps to take to turn your side hustle into your main job.
For only .99 CENTS order my new book “The Wealthy Way: Don’t Go Broke Trying To Get Rich” and get FREE access to my new course “Business Builder Academy” where I go over all the fundamentals of building a 7-figure business.
https://www.wealthyway.com/book
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Ryan has rarely seen simply quitting your job as the first thing to do. There are smarter ways to become an entrepreneur, especially if you have a family. Odds are you’re currently working 40-hour weeks. To transition, you need to start doing what you want to do as a side-hustle.
Steps to take:
Decide what side-hustle to try. You may hate the first thing you try, or it might fail. That’s ok! You will gain experience.
Be willing to put in 20 hours of work per week on your side-hustle. This means you’ll be working a total of 60 hours per week.
Integrate yourself fully into the new business you’re learning.
Be patient. Ryan needed 3 years to be able to quit his first job and couch flipping to be able to focus on house flipping completely.
Consider your situation and be sure you can keep paying the bills once you’ve quit your 9-5.
Decide how much success you need in order to quit your job. You need to have sustained income from your side hustle for at least a few months to make a good judgment here.
Have some savings built up before you transition completely. A healthy reserve for a business is 3-6 months.
Watch this next video about marketing so you’ll know all you have to consider getting started!
Transcript
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| 0:00.0 | At some point you gotta take the risk and you gotta make the move. There's no guarantee your job will even be there tomorrow |
| 0:06.0 | There's about to be a ton of layoffs this year. You think that your job is secure. It's not |
| 0:11.4 | You're way more secure |
| 0:13.6 | Figuring out how to build your own business than you are working for somebody else that much is certain |
| 0:18.2 | I know many of you watching this want to quit your nine to five |
| 0:22.0 | That's why you're watching all the YouTube channels the podcast and all those things you want to quit |
| 0:26.5 | Become an entrepreneur become an investor maybe even make content do all these things well this podcast |
| 0:33.0 | I'm gonna show you step-by-step how you actually transition from the nine to five to the full-time business owner the full-time |
| 0:40.8 | Investor whatever it is your dreams are this is the hardest part look the the glory is at the end of the day |
| 0:47.4 | You see guys like myself and others who you know have businesses. They're running them and everything looks super cool |
| 0:53.0 | You know they got time freedom. They don't have a cap on how much money they make you know like I want that I |
| 0:58.7 | Get it once you're there. I actually think it becomes easier. It's the transition to get there |
| 1:04.4 | That's really hard and so that's what I want to focus on in this podcast because we all have to transition from |
| 1:10.6 | A job we hate into doing what we want to do at some point |
| 1:13.9 | I was no different than this right and I'm gonna I'm gonna talk a lot about my story in this podcast and how it went for me |
| 1:20.4 | During the transition because I think it can relate to many of you who are working a nine to five in a job that |
| 1:26.0 | You're not especially thrilled about so first off. Let me say this okay in very few scenarios |
| 1:32.1 | Have I seen just straight quitting your job as the right choice like off the bat |
| 1:37.8 | Okay, if you if you don't have experience and real estate investing or starting a business or anything and you don't have a nest egg |
| 1:44.4 | You don't have any money saved up |
| 1:46.4 | I don't think you should probably just quit your job and you know jump into this space. I'm not a big believer in |
| 1:52.4 | That okay, I think there's smarter ways to do it especially if you have a family and you're provider for your family |
... |
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