Work eight hours a day for ~$24 an hour, or two hours a day for ~$120 an hour...
May 14, 2012 9:22 AM Subscribe
Should I quit my job now that I am making more money as a self-published author?
posted by anonymous to Work & Money (27 answers total) 13 users marked this as a favorite
I am a self-published author of a number of books, sold largely via Amazon KDP and B&N PubIt. It has taken a lot of hard work and time, but I am now at the point where my income from my writing is more than my income from my job. This is basically a dream come true for me, and it feels great! My wife and I are thinking of moving to another, nicer city, and to that end we have been saving money (about $14000 at the moment).
The caveat? I would have to quit my job, and it makes me nervous. No, that's not right. It makes me terrified. I'm afraid that my income from writing will dry up and I will be left without income to fall back on. My wife works in healthcare and her income alone is enough for us to live on in our current city, but if we move to the new city, our living expenses will go up about 25%. She feels that we would be fine and that I have no need to worry, but I feel as if I am risking throwing away our family's security to chase a stupid dream. Also, all my life I have struggled with feelings of worthlessness as I watched my peers achieve career success that seemed impossible to me, and now that I have a good job that has taught me valuable technical skills, I am afraid to step away from that to pursue a more serious writing career.
Some details: I make about $51K per year at my job. My wife makes about $75K per year at hers. My last three monthly cheques from Amazon have all been over $6000. My last six monthly cheques from Amazon have all been over $4000. My wife's work is in demand and she could find work in her field anywhere at the drop of a hat. My work is technical and specialized but there are places in the new city I could possibly find work if it came down to it. We have no children and have taken surgical steps to ensure that situation remains so. We are renters and likely will always be. I love writing, and I love the security of a regular paycheque. I enjoy my job for the most part. I hate the city I live in. From my point of view, the main draw of the job is a career, skilled work, and a regular paycheque. The main draw of writing is fun, excitement and the ability to keep my own hours and work when I like.
I apologize for this being so disjointed, but I am rather frazzled and this is quite a decision to make. We are not making it tonight or even this week but if we choose to have me quit and then move, we have to get the ball rolling on a number of things. So I ask, is it a bad idea to quit my job and write?