I left my high paying job of Rs 80K/month back in the year 2015 without any fear & worry just in pursuit of my happiness and lived 9-5 job free life. I started a journey towards the entrepreneurship which shaped and changed my outlook to live life to its fullest.
You know, how exactly our job is shaping our life?
In most of the cases, our life is driven by our job…
We are running in the RAT RACE of 9-5 job life, paying heavy financial dues and still we are hoping for Financial Freedom.
You will not get any kind of freedom in 9-5 job life, rather you are stuck in the 9-5 job life. You have to find reasons to leave job. Reasons like FREEDOM, Money etc
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Job Life- the Rat Race
I was also in the same situation which you are currently.
I was trapped in 9-5 job life, and not living the life which I don’t want to live, it was just to and fro.
Most of you also in the same situation which I went through earlier like…
- It was a terrible recession back in the year 2008-09 and I was caught in the end part of it.
- I failed in almost 20+ interviews when I was fresher.
- I got the first job after struggling for 8 months..
- I used to work late nights and days in the office.
- More I work more I got overloaded with work.
- I was hoping that my hard work will give me credits and good salary hike next year…..but it was never…
- My organization fired top executives…and so on…..
I got started hating corporate life, noise, those politics and appraisal hopes……
My life was driven by my job.
That “I” started sucking me up…
After few years I finally looked at inner self and then asked few questions like below…which you are also thinking right now but you are not taking any action on it..
- Are we doing a job for a year or over the year?
- Are we financially free to achieve success in the life.?
- Where we were before 3-4 years and how much you have achieved till date in a typical 9-5 job.
- What if the recession hit again in the market and we are part of it.
- What will happen if an organization started firing again?
- How to survive if no job?
- What will happen to our family if we don’t have a job?
- How to pay the Home loan, Car loan EMI and other huge monthly expenses.?
I discussed with my friend Darshan on my pain, who used to work late nights in the gaming industry and suffocated more than me……
The even same situation was with my manager; even he has more pressure.
Is Darshan and my manager living life? The answer was NO.
After working for several years in IT sector, I realized that it’s not the dream job which I was looking for.
But it was the RAT RACE…then I decided to move out of it ASAP, so started looking for some alternatives….
Then I have made a plan to move out of rat race like below 4 quadrants and started working on it.
To get out of the Rat Race of 9-5 job, you need to find a way to cover monthly expenses without active income.
When our passive income is greater than our expenses, that’s when we can say that we are out of the Rat Race of 9-5 job. This is what financial freedom is all about.
You don’t know what will happen next in the FUTURE… rather thinking and worried about it, WHY don’t you think to create some backup in the life…..
I have created the backup and Yes, I got the growth and freedom.
Over the years, I have tried and failed on several business ideas, and now I am running my side business without worrying about Promotion, Leaves, and Salary.
Now I am on the path to becoming my own BOSS.
I emphasize you that, grow slowly and daily to live Job free life and live like King.
Be your own BOSS.
The answer is as simple as below but in order to try below solution, you must make it clear that you have to take RISK and action…
Here’s the big secret…
There is a no magical formula to live job free life, salary free life.You have to create backup in the life….
The path to salary free life is also not that much comfortable which you think and to enjoy it. You must ask below questions before you are planning to escape from 9-5 job life.
- How can I make an income without my employer? How to start a side business?
- Also, you must think about How do I want my life to look next in the future?
RELATED READ: 9 Obstacles Holding You From Starting Your Own Business
This post is purely focused on how to start a side business, job free life(salary free life) and how to create the financial backup without worrying about job & salary…
I am damn sure you guys will love it.
I don’t believe in late retirement, what is the point in enjoying late if you can enjoy life today by Growing day by day and work on simple Growth Hacks.
Business Side- Job free life
This was the biggest turnaround in my life as I have taken the first step towards Entrepreneurship. Over the years I have failed, learn and SUCCESS in the business.
Everyone has a story either good or bad, and that story will be your key to SUCCESS but you must discover and take corrective action to towards GROWTH.
I love to tell you my life changing entrepreneurship a story.
I ran multiple businesses like below over the years…
Let me break this down for you…
2) Export-Import (EXIM) –
After failing in the previous attempt I have taken professional training on Export-Import(EXIM) of worth Rs 7000 for one full day.
I started exploring further and decided to export KOLHAPURI Chappal (Footwear ) to US and Dubai market.
I called the Manufacturer and Customs house agent(CHA) for the quotation, I got an unexpected quotation.
After calculating money, timing and risk I realized that it’s not a single person business because of the lots of documentation, international rules, procedure & policies.
Its time-consuming business and that was the main constraint for me while working.
I dropped the business idea.
Learning –Export-Import, International trade, Forex, Dealings with the manufacturer and different vendors, Negotiation etc.
Suggestion -Do it if you have sufficient TIME, MONEY AND BACKUP and RISK taking capability.
Result –Shut down before starting.
Money Lost – Approx Rs 7000.
4) Real Estate Franchise(RedCoupon)
It’s real estate franchise(Channel Partner) selling flats on the behalf of builders.
I left high paying 9-5 job blindly without thinking much,I have taken biggest RISK in the life without thinking much.
I was serious this time as I have time and I am living job free life.
I have done agreement of Rs 1.5 Lacs with the company Franchiser.
I used to do cold calling and pitching customers for a site visit. I realized that real estate is a very dynamic field and its bit difficult to convince someone to buy a house from you even though you have solid USP(Unique Selling Proposition).
I got success in this business, got appreciation from RedCoupon for maximum site visits and 1 sale closure for the month.
I was about to sell 5 more flats but suddenly Govt. Of India announced Note Denomination. Real estate market badly hampered due to it.
Within a single day, my 5 deals got canceled. I tried hard but end customers are not ready to buy flats until the next 6 months.
I spent 9 months in this business and live job free life.
Finally, I decided to move out of this business.
Learnings – Real estate, cold calling & selling, Dealing with the end consumer behavior and persona, Negotiation etc.
Suggestion – Ideal if you have solid convincing power, selling skills, lots of TIME and MONEY.
Take a risk and don’t quit a job until and unless you have sufficient backup.
Result –Partial Success and Failure. Lost too much TIME, MONEY and Efforts.
Money Lost\ Earn –
- Lost – Approx Rs 1.65 Lacs
- Earn – Commission of 1 deal closure Rs 30000
The Solution to Job Free Life
Now you know what the Rat Race is, and some of the forces that cause us to stay in it. Now let’s move forward and begin discussing how we can break free.
Escaping the Rat Race requires us to buy assets that produce passive income.
This is new money coming to us as cash flow from our investments(in terms of efforts, money).
The main asset classes to help us reach our goal of getting out of the Rat Race once and for all is – Business
Build side business\income and live job free life -this is the main solution.
It took me almost 2yrs to start my successful online business because.I have started, failed, learned in previous attempts..
You must read my failures and think from today for side business idea, side income ideas, make money ideas which will give you the job free life(salary free life) and it will be your lifetime backup.
I am here to help you to at every step whatever possible from my side.
You can think of this as the biggest opportunity of Digital world.
Start with small and grow it later.
You can start a blog, sell on e-commerce, run consultancy service, write a book, freelance there are n numbers of side business idea.
People will gladly pay you if your business is value added to them.
My Step by Step Approach to Job Free Life
Step 1- Find you backup
Don’t overthink first identify your business idea by doing some quick research and if suitable go ahead. It may be your hobby, story, passion that can you can turn into business..
Most of the people spending time on overthinking without taking any serious action.
They have fear of losing MONEY, fear of RISK and fear of SOCIETY (What others will think if you start a business and that…blah blah blah….)
Step 2- Identify your niche
It could be your hobby, interest, technical skills or any other things on which you can write and interested.
If you have multiple niches, then sort it out based on demand.
Read some influencers post and try to understand market
- What kind of niche influencers recommend?
- How much engaging?
- Will it be feasible for you to do?
- Read some review site?
- Tip– Take help of Social Media to research on your niche and to identify influencers.
Step 3- Create a business plan
Once you identify niche move to next important step of business planning.At the initial level, you may create a draft of the business plan until and unless you finalize with the niche.
As mentioned in my previous blog post business plan, is key to success and footprint of your business.In order to success, you have to create both Traditional and Lean business plan.
- Read here –Business Plan: The Definitive Guide
Step 4- Build Website
To create awareness and brand building you must have the website.
I suggest you build the website on WordPress as its most useful and popular platform worldwide.If you can learn WordPress by own, then it would be great else take help from a professional website development firm.
- Tip– Initially use good SEO friendly WordPress Theme to build a website so that you can build it on a budget.
I recommend these because I am using both web hosting from SiteGround and GeneratePress WordPress Theme here on Growthfunda.
Before proceeding to the next step here is the deal
Step 5- Learn Content Marketing and Digital Marketing
This is DIGITAL era, and to succeed in the business, you must know either of Content Marketing or Digital Marketing.
Content Marketing\Digital Marketing is important whether you run a blog or any service\product company. You can learn all these things on your weekend as well. As there is hell lots of stuff available online to learn.
- Tip–Engage with digital marketing, social media influencers, and guru. See how marketing guru Neil Patel and Social media expert, keynote speaker Dev Gadhvi generated multistream and millionaire business.
Step 6- Write Catchy Content, Engage and Promote Your Online Business
Yes, Content is KING…
Write long SEO centric blog post articles, a viral article regularly in order to grab the audience.
Engage on social media, Ask feedback on your blog post, product and grab your first reader\customer. This is key to success as you can always learn from customers suggestions and idea as Customer is GOD.
- Tip– Interact with your readers, engage with them, reply their questions regularly to build transparency.
Step 7- Monetize Your Website
If you’re looking your website as a serious online business and source of income, then you must monetize your website.
Don’t expect fruits early. Money can be built in single click later while sleeping as well once you have the huge readers and interaction on the website.
- Tip– Don’t talk much about money during initial days, first you must focus on the content,services\product, and customer.
Step 8- Leave Job
Your wait is Over, leave Rat race of 9-5 job once you start earning some money online from your business which fulfils your need.
- Tip–Don’t hurry to leave the job, until you have a solid backup and you are satisfied with it.
You will move towards 9-5 job free life and Financial freedom life definitely.
Key Note to Job Free Life
You don’t want to miss this next part…
I gained exposure and learned that there are five basic ways to quit the rat race of 9-5 job and enjoy job free life(salary free life) –
- Build backup.
- Build intensive saving and side business.
- Set up a side business.
- Passive income and automate finance.
But in order to achieve this you must have identified Why, What and Where of the LIFE.
You must be action taker than the only thinker and must identify your inner skills, potential, and change in the attitude.
Keep learning and gaining new knowledge.
Bonus Tip – You can try for the meditation, read motivational books, watch motivational videos, attend influencers workshops which will really boost and provide you zest.
What are you waiting for? If I can build side business then why you can’t?
You don’t have to continue working at a job you hate for the rest of your life. You don’t have to be trapped in a situation that doesn’t inspire you.
The most important first thing to escape RAT RACE Of 9-5 job: working to create a passive income that is greater than your total monthly bills.
“You just need to take your first step and must be action taker because failure is the key to success and learning.”
I’d like to hear from guys who have taken the plunge into self-employment or planning to take action.
What is your approach, business plan, an idea to job free life? Have you taken any step to freedom?
Do let me know if you need any query, I will try my level best level to give you direction and help.
What do you think of generating side business idea?
Or maybe you have a question about the steps in the process.
Let me know in comments if you got some motivation and burning desire to take action.
Also if you have same desire to move out from 9-5 job life, I would love to hear your story and would love to help you, just drop your story in the comments
I’ll be around to reply your comments and answer questions.
And also don’t forget to…
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