3 Steps To Earn Enough Money To Quit Your Job

Recently my product development business started earning enough money for me to be able to devote my full attention to it. I've been working towards this for a while now, but here's how I got to this point, how I eliminated the fear and how you can too.
1. Low expense lifestyle. My family has moved and managed to reduce our expenses and rent to zero. Insurance, groceries and petrol are now our biggest expenses. Try to tackle the expenses with a once off downside in exchange for an ongoing upside. Avoid cutting expense where they require the opposite.
2. Give yourself time. I've had to spend a few hours each day working on the business in order to get to this point. This meant I had to reprioritize a few things. Easy to eliminate things like TV and sleeping in were out. Just those 2 things enabled me to gain the skills I needed to start earning a basic level of income before ever taking the risk of going out on my own.
3. Have a backup plan in place. I made sure I didn't burn any bridges and did my work until the very last day of my job, just to make sure I'm welcome back. My backup plan is very simple. Go back to my former employer and contract with them for 3-6 months. The money I make during that time is enough to tide me over for an entire year. Find something you could do in order to make ends meet if things don't go as well as you hope. Keep it close to you to give yourself the courage to strike out on your own.
So that's it. 3 things I did to move me to the point where I am completely comfortable being out on my own. They aren't difficult, but they may be emotionally hard, especially if you are attached to an area or are really addicted to TV. It's something that needs to be overcome on the path to your success, so I suggest you start working on each of them today.

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