Quitting a decent paying job? - 1

Quitting a decent paying job?
I'm in my mid 30's single, no kids, no girlfriend. Have a high school education with a little college(years ago), I live alone in modest apartment. No debt except for utilities, insurance. Recently, I've decided to trim my lifestyle so I could be debt free and in anticipation of taking a pay cut. I gave up my smartphone which was almost 90$ a month and went with a pay as you go flip phone. Sold my 2011 Honda accord with the 389$ a month payment, bought a paid for 2004 Ford Taurus. No car debt now. I always eat at home now. I make about 35k a year now, honestly the money is good for the job but I want out. Tired of the drama, political correctness and corporate baloney. Some of the people too ugh… I know if I quit I would have to start over again and take a major paycut. My family thinks I've lost my mind, tells me I would be foolish to quit but I can't take it anymore. Has anyone here ever walked away from a good paying job to save your sanity? I will secure another job before I quit this one but as I said I know I will have to take a big pay cut. Am I wrong?

Kudos on getting rid of debt, now do you have an emergency fund for 6 months of living expenses? If not do that before you leave this job. That 10 year old car could end up costing you a lot in the coming year(s) with worn out parts, etc, think about saving up for something else and buying it with cash. Honest 35k a year is less than 17.00 per hour, if you take a major cut, it may take you 5 years or more to get back up to that. Does your employer have a tuition plan where they pay for part or all of your classes? If so look into it and use it, let them pay for your education, maybe then you could get a different/better job in the same company. It is tough to start over, you lose seniority, vacation, etc. At the very least if you could stick it out while you get a degree, accumulate that emergency fund, then work for them for a year after the degree, you would be on the fast track to make a whole lot more money and have more opportunities for a career. Think about it.

I depends how big of a pay cut. Are you going from 35k to 30k? Or more like 35k to 20k? As long as to have enough to support yourself AND saving enough for retirement then go for it. If you won't be able to save for retirement I wouldn't recommend it. Being in your mid 30s still gives you about 30 years to save for retirement which can gain a lot of interest over the years.

Personally I wouldn't recommend anyone to have only 1 job that puts then on a tight budget. There are too many things that could go wrong and too many things that have to go right. I mean what happens when you car breaks down twice in one week? Also if you retire at age 65 with little to no savings then what will you live off? Social security will only go so far.

Whichever you choose just make sure it overall benefits you AND your future.

Go for it. Life is too short to be slowly dying in a job you hate. I did it and then moved countries with my family. Biggest most stressful thing I've ever done, and many tears with the massive changes that came with it, but I'm now on a better salary with more future opportunities than ever before.

Once you've relieved the stress levels a bit, think about going back to school - in whatever way you can to minimize accruing any more debt - that way you will always feel like you're moving forward and not stagnating.

Good on you for getting rid of the debt - that's a huge weight off your shoulders.

Yes you are wrong. Last hired is first fired. You are likely to end up with more than just a pay cut. There will always be people you don't care for regardless of where you work. Walking away from your current job security and putting your future in jeopardy because you can't take it anymore is not something a sane, rational person would do. I suggest you seek counselling and learn better coping methods.

Don't stay in a job for the financial comfort… That will make you miserable. It slowly kills your soul. It's easy to get caught up in the daily grind and forget about what you really want. I quit my corporate after my internship to work for a small company and honestly, the amount of flexibility and little perks of a small company outweigh the big pay and big benefits for me.

You may regret it. It depends on how bad it is. I left my last job because I couldn't take it anymore and started my own business. I don't regret it but now appreciate what it's like to have a steady paycheck and retirement plan. Reality is that the best way to quit working/retire is to save. The higher your income, the shorter period of time you'll have to work, assuming you save all the extra money. Good job on lowering your expenses.

Do what makes you happy, it appears you alrdy started, no reason to stop now.

You have already made those adjust so I say go for it.