Episode 176: How Much Money Should I Have Saved Up Before I Quit My Job? (FS176)

Before people start a business they usually have a decision to make: am I going to quit my job and work full time on this, or am I going to work on this on the side? Show Notes: fizzleshow.co/176 Both have pros and cons, both are frustrating for different reasons. This is a topic to be careful about. Some experts and gurus out there would have you believe you need to just put it all out there, believe in yourself and take a big leap of faith. That’s the model that worked for them so they tell you to do it. But maybe there are more practical ways we can be intelligent about this decision. In this episode we break down common variables you may not already be thinking about like: - How much savings do you need? - What does ‘runway’ mean? - What’s a ‘burn rate’? - What are the different decision points here that would allow me to make a smart decision? It’s a practical and exceptionally helpful episode. Enjoy!