On Tuesday night, my wife and I discussed my unemployment. Don’t worry, I’m still happily employed. The problem is: I don’t want to be!
My goal for a long time has been to make enough money from my own business to be able to quite my day job and work from home full time. My wife is very supportive of this (really, she is!) but she is also rightfully concerned about our family’s financial well-being. So we sat down, talked it through, and came to an agreement.
I can quite my job (or at least, significantly reduce my hours) and work from home once the following conditions are met:
- Becca must be employed (being a grad student counts) and earning an income.
- Becca must be able to obtain health care for the two of us through her employer.
- My business must be earning an average of $770 per week (gross) for 8 consecutive weeks (roughly $40,000 per year) — or in other words, at least $6,160 over an 8-week period.
- To keep things simple, the $770 per week includes any money that Becca’s websites earn.
I have a ways to go. $770 per week is a lot of money, but I’ve made some really good progress over the past year in increasing my earnings, so I’m confident that I can get there in the next 3 to 5 years.