Are you desperately wanting to quit your job, but you don’t have another one lined up? Maybe you’re working for a corrupt company and need out now. Or perhaps your job is requiring you to work so many hours that you simply don’t have time to search for another one?
I’ve been in your situation, and trust me, I know the emotions that you’re going through. Likely, you ask for advice from family and friends and you keep hearing the same response – “make sure you line up another job, first.”
I understand where family and friends are coming from. I mean, yes, ideally you would not quit your job without another one lined up. But I think there are some situations that it’s best to get out of quickly, even if you don’t have another job lined up.
For example, maybe you are working 100+ hours a week and don’t have time to job hunt. Maybe you are finding that your company is seriously corrupt or ethically immoral. Or maybe your career is not one you want to do at all, and you know you need to make a switch. You could even be making so little at your current job that your time would be spent better elsewhere.
Situations like this are unfortunate, but they do happen. It’s happened to me. They can cause you to fall into a serious depression. A job is necessary, but if your job is becoming a serious threat to your health, you need to find an alternative.
<h2″>Things to consider.
Before you quit your job without another lined up, you do need to consider some things.
- What is the job market like in your area?
- How easy would it be to find a new job on short notice?
- Are you able or willing to relocate for a job?
- Would you be willing to do temporary work in the meantime?
- What will you do if you can’t find a fitting job right away?
- Would you be willing to take a job just to pay the bills?
- How much do you have in your emergency fund?
In the best scenario, you have an emergency fund for a situation like this. But if you’ve been focused on paying off debt, you might not have much set aside. Realistically, how long can you go without a job?
How much money do you need to earn each month to pay the bills?
Take a look at your budget. Where can you trim expenses? How much do you need to earn to pay the bills?
Who is your support system?
Do you have a significant other, friends, or family to support you emotionally through this time? (Side note – if you don’t have a support system, email me. I’ve been through this and am always available.)
Once you quit.
If you are able and ready to quit your job without another one lined up, congrats. You will definitely feel a sense of freedom. Here are additional tips on what to do next.
Take a break.
Chances are you are extremely burnt out and emotionally drained. Take a break to recover.
Know how to explain why you left.
While interviewing for jobs, you likely will be asked why you left your last company. Even if it was a terrible company, make sure your answer is unoffending. No one wants to hire you if you’re bashing your last employer.
Quitting a job without another lined up was scary, and I never want to feel like my future is so ambiguous ever again. I learned a lot from this and have organized my life so I am prepared if anything like that should ever happen again.
Build an emergency fund.
Ideally, you would have 3-6 months of living expenses in an emergency fund. After quitting my last job without one lined up, I built this up as soon as I could. Even though I have debt, my emergency fund was decidedly more important for my piece of mind.
Start a side hustle.
One reason I started this blog was so I could use it to earn money. If I had to quit my full-time job for any reason (though I love my job and shouldn’t ever have to), I know I could always pick up more freelance clients, sell something on my blog, work with advertisers, etc to earn more.
Diversifying your income streams really gives you piece of mind. Whether you blog, invest in real estate, clean houses, baby sit, deliver mail, or whatever it may be, do something on the side. It gives you so much control and freedom over your finances.
Be on the lookout for shady employers.
If you’re ever on the hunt for a new job, now you know a little more of what to look for in a company. Do your research and ask a lot of questions to ensure you’re never put in this situation again.