I know that my corporate day job is cushy, but I still can’t stop complaining. Yes, this company is probably the best one I’ve ever worked for, but in this stage of my life, I’m tired of working for someone else. I’ve spent 18 years being told what to do and how to do it and patience is running thin. If I could replace my current income with passive income, I’d be out of here in a second. But, it’s not that easy.
The problem is my current salary keeps going up and up as I advance through my career, which makes it all that harder to give it all up and take the path of self employment. At 39 years of age, I’ve reached a point where I’m paid enough so that money is not an issue. I earn enough for my wife and I to live comfortably, while at the same time putting a lot of money into savings and retirement accounts. Life is good at the moment (in terms of finances) and as much as I want freedom from being a corporate slave, I’m not stupid enough to know that this wouldn’t be difficult to give up.
I know that it would be very difficult to replace my current income by going off and doing my own thing, and I fully understand that I’d have to take a big pay cut whenever decide to jump ship. This is especially true with trying to make a living with passive income vs. working as a freelancer / contractor with paying clients. I don’t want to deal with clients, because I crave ultimate freedom. Therefore, passive income generation is the route I am choosing to take. It’s proving to be very difficult.
I wish I could go back in time to when I was 22 years old and fresh out of college. If I could do that, I would have never taken that first job at megacorp! I had absolutely nothing to lose at that point in my life – I was broke, single, and the world was still big and unknown to me. The money I earned at that first megacorp job was a like crack to a drug addict – I wanted more and more so I worked harder and harder, striving to work my way up the corporate ladder. If I would have had the courage (or desire) to start off on my own and build up my own business, I would have never had to deal with corporate politics and the stress of being told what to do and how fast to do it. I know that I’d probably be a lot poorer too – but I’d take that in a second compared to the way I’m earning a living now. I feel like such a sellout.
Last week I received another raise and my yearly bonus here at my corporate job. At the same time, I’m struggling more than ever to find ways to earn passive income online. It’s a frustrating position to be in, because a higher salary and larger bonuses makes part of me feel like my desire to quit and give it all up would be a massively foolish thing to do.
I’m not giving up though. Money isn’t everything, and I am determined more than ever to get out of the rat race.
Yes! I want to trade my 9-5 job for passive income too!
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