I Quit

I put in my two week notice at my job last week. I’ve been working quiet, part-time overnight shifts at a non-profit that cares for people with mental health issues.

I thought I was going to hold onto this job through the winter or so, until I had setup a couple of more rental properties at least. But things changed at work. After I moved into my house, in order to have the shortest commute possible, I transferred within the same organization to a different location. Things went well at first. But then my new supervisor, who I only see in the mornings, started leaving me notes with additional tasks she wanted me to do.

My primary purpose is just to be there in case of emergencies or if one of the residents needs some help coping with their conditions. And I was happy to do that stuff on the occasions when it would come up. But then, since I relocated, I’ve been getting notes from the day staff asking me to do more and more extra stuff. Like spend hours working through a backlog of paper work filing that they’re supposed to keep up with during the day, or to move furniture, or clean stuff.

I discussed with the note-writer that, while I was happy to do a little something from time to time if they were in a jam, I wasn’t there to regularly finish the overflow of work from the day staff that isn’t even technically my job. So after that the notes didn’t stop coming, they were just liberally sprinkled with underlined and capitalized “pleases” and “thank you’s.” While the politeness was appreciated, the message was clear; this new place expected a lot more out of me at night than the previous location I worked at.

So I mulled it over for a couple of days and decided that if I was going to be working that hard I may as well be working regular hours and doing something either more interesting or more profitable. With that I penned a tastefully-written two-week notice and decided to move on.

The job was great for while I was studying for the bar exam and finishing up law school. I was able to just sit still all night and get my studying done while making a little extra cash. But now I’m convinced I’m financially better off being free all day to do more entrepreneurial things or maybe fall into some higher paying work if an opportunity comes up.

And wouldn’t you know, two days after I put in my notice I got word that I have an accepted offer on another house. Perfect! So now I’ll be able to devote all my time to rehabbing my next rental project and getting it up and running. With this next property my rental income will more than cover my living expenses.

I would still like to get one or two more rental properties just so that I can always be adding to my savings, have extra money for those cool alternative energy projects I’ve always wanted to build, and to start diversifying my holdings by getting back into securities investing. After this next property is all said and done I may have enough savings left to buy yet one more property, but I’d be cutting it close. So I’m going to start thinking about ways to save up for the next couple of properties. While I can live pretty well on the rent from just the two places, I’ll have a paltry savings rate.

Fortunately, though, this means that I can save 100% (post-tax, obviously) of my income from future entrepreneurial endeavors and/or employment. I have a few ideas of stuff I’d like to try, maybe I’ll try to tap into some of this equity I’ve built up, plus my bar exam results come in next month opening new doors. But for the next few months I’m just going to focus on rehabbing the next property and enjoying a life simultaneously free of a job and school.

I must say, the feeling of being in a position to be able to afford to not work, at just 28 years old, was absolutely worth the effort.

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7 Comments

  1. Posted September 10, 2012 at 10:57 am | Permalink

    28 years old, debt free, property rental owner and hopefully soon to be attorney.

    With your lifestyle, guts and determination soon you’ll be so financially independent your options will be limitless.

    Congratulations, I just hope you keep posting. You’re one of my favorite blogs to follow.

  2. rjack
    Posted September 10, 2012 at 12:01 pm | Permalink

    Wow! I’m very impressed that your 28 and FI. You also have a great outlook on life.

  3. arebelspy
    Posted September 10, 2012 at 11:20 pm | Permalink

    Mike, you’re one of my favorite people to read.

    I love how you live the life you want. Job becomes worse? You quit. Most people not only can’t do that, but wouldn’t out of fear. I love how you have so little fear.

    You inspire me.

  4. lurker
    Posted September 11, 2012 at 11:41 am | Permalink

    ditto. I admire everything but the video games. congrats.

  5. Posted September 11, 2012 at 6:29 pm | Permalink

    Ha! this had me laughing. great story.

    Gee, guys, when I took this job nobody said anything about doing actual work…

    so, what was the reaction to your resignation?

    congrats! You time will be better spent elsewhere.

  6. Posted September 12, 2012 at 12:06 am | Permalink

    @lurker That’s it. I’m going to start doing some video game posts!

    @jlcollinsnh Unsurprised regret. I think they’re use to a lot of turnover because of a high burnout rate in the field. I’d say about half the people working there are using it as a stepping stone since they’re either in school, or have another job, or just want part-time work. So they’re use to it.

  7. lurker
    Posted September 12, 2012 at 7:53 am | Permalink

    instead of posting on video games (yawn) how about a post or two on how you plan and execute a renovation and how you learned how to do all that stuff. You seem to have a lot of construction skills that I am envious of…cheers.