James Altucher has spurred much debate over the years here at Yahoo!'s The Daily Ticker with the notion of why never to own a home again and why not to spend your money on your kid's college education. And, today is no different.
Today he's telling us why many of us need to quit our job as soon as financially possible. Why? His main reason is that the majority of people are too unhappy in their current position.
Without further ado, in his own words here are James Altucher's 10 reasons you need to (and can) quit your job right now and methods for doing it.
The following has been provided by James Altucher:
Reason #1: Safety
We used to think you get a corporate job, you rise up, you get promoted, maybe you move horizontally to another division or a similar company, you get promoted again, and eventually you retire with enough savings in your IRA.
That's all gone.
That myth disappeared in 2008. It really never existed but now we know it's a myth. Corporate CEOs kept their billion dollar salaries and laid off about 20 million people and sent the jobs to China. Fine, don't complain or blame other people. But your job is not safe.
Reason #2: Home
Everyone thinks they need a safe job so they can save up to buy a home and also qualify for a mortgage. Mortgage lenders at the banks like people who are like them — other people locked in cubicle prison
Well now you don't need to worry about that. Here's why you should never own a home in the first place. Save yourself the stress.
Reason #3: College
Everyone thinks they need to save up to send their kids to college. Depending on how many kids you have and where you want them to go to college it could cost millions.
Well now we know you don't need to send your kid to college. So you don't need to stress about that money anymore.
Reason #4: Their boss
Most people don't like their boss. It's like any relationship. Most of the time you get into a relationship for the wrong reasons. Eventually you're unhappy. And if you don't get out, you become miserable and scarred for life.
Reason #5: Their coworkers
Reason #6: Fear
We have such a high unemployment rate, people are afraid if they leave the job they are miserable at, they won't be able to get a job. This is true if you just walk into your boss's office and pee on his desk and get fired. But its not true if you prepare well. More on that in a bit.
Reason #7: The Work
Most people don't like the work they do. They spend 4 years going to college, another few years in graduate school, and then they think they have to use that law degree, business degree, architecture degree and then guess what? They hate it. But they don't want to admit it. They feel guilty. They are in debt. No problem. Read on.
Reason #8: Bad things happen
All the stuff I mention in the post "10 Reasons You Need to Quit Your Job" start to happen. And it gets worse and worse. You don't want to look back at your life and say, "man, those were the worst 45 years of my life." That wouldn't feel good.
Reason #9: The economy is about to boom.
I don't care if you believe this or not. Stop reading the newspaper so much. The newspapers are trying to scare you. Bernanke just printed up a trillion dollars and airlifted it onto the US economy. Who is going to scoop that up. You in your cubicle? Think again.
Reason #10: Your job has clamped your creativity
You do the same thing every day. You want to be jolted, refreshed and rejuvenated.
Note: Some people love their jobs. This is not for them but the 90% who don't.
Henry and Aaron asked a good question: you still need to support yourself, you still need to support your family, you can't just walk into your boss's office and quit.
Good point. You need to prepare. It's like training for the Olympics if you feel now is the time to move on from your job. You need to be physically ready, emotionally (don't quit your job and get divorced on the same day for instance), mentally (get your idea muscle in shape) and spiritual all ready.
Tell us what you think!
Click here to get James Altucher's tips on how to quit your job.
- James Altucher
- graduate school
- Think again