How Much Money Do You Need to Quit Your Day Job -- and Why

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How Much Money Do You Need to Quit Your Day Job -- and Why

This article was originally posted on Itty Biz by Naomi Dunford on May 28, 2010.

I got into an interesting conversation with Jamie last night about the issue of financial cushions and day jobs. It seems like everybody has a number in their head of how much money they need to quit their job. I would say the median number I hear is around $30,000. (It should be noted here that I started with $400, and I had to borrow it.)

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The article itself is a little vague on coming up with a number but the comments that have been left by others is probably the most informative part. A good estimate is 3 months of expenses and tightening your belt around the homestead. The comments are inspiring!