Ever wondered how much money you need behind you to just quit your job?
Well according to various research articles, the average advice works out to be 6-months’ worth of salary savings.
Just to be clear here, that means if you earn £40,000 a year, you will need £20,000 to just walk out – quit your job today without another job lined up.
Reality check. Hands up who has a spare £20,000 sitting in their “F-You Fund” bank account? Yes, watch the tumbleweeds drift by. No one puts aside money as an insurance policy in case they want to just walk out their job. Savings, yes. But as a “F-You Fund”, no.
You might as well start skipping around with unicorns then because the average advice is not going to get you out of a job right now, no matter how much you hate it!
As tempting as it is to do a mic drop right now, I have a slither of hope for you. It does not come in the form of research – but of practical coaching experience working with career changers who are unhappy in their current role and wish they had set up their “F-You Fund” so they could walk out of their workplace TODAY and never look back.
Find out how much you really need to keep a roof over your head and food on the table. It is hard to believe that you don’t NEED a lot of the things you are used to having – we all like our paid TV services, takeaways, trips out, etc, etc – and you can have them again! But right now, we are talking about what income is NEEDED.
Next, plan your exit strategy route. Are you going to take a stepping-stone job (any job that hits your bottom line that “buys time” in a different workplace to find your perfect career role)? Or start re-training? Or stay long enough in your current workplace to find that perfect new role? Each option is just that – an option. By planning your strategy, you will be able to put steps in place to execute it.
Book a free career-change consultation with me and in 20 minutes, you will have even more options on how to quit your job without a “F-You Fund”.