I'm 22 and work a full-time graveyard shift. If I'm lucky I get 80 hours, but usually it ranges in the 66-70 range. My job is abysmal, but it seems rare to ever enjoy your job. I make $9 an hour. I really hate my job and I'm thinking about quitting really soon. I'm looking for advice on how to make money through either investing or starting an internet business. I'm conflicted if I should quit my job right now to focus on an internet business or quit to focus on obtaining an associates degree (I'm close). I really need to quit my job either way because the people I work with are exceedingly unpleasant, working 3rd shift is torture, and there are no true advancement options. I’ve only worked less than 3 months for this company so it is obviously upsetting to quit so soon, but living at home, my age, and having more room to take risks helps alleviate the discomfort of the situation. I currently have around $2500 saved in my checking and would like to grow this money into a more respectable number. I know it’s not a lot, but I’m looking to invest this money any way that will yield a decent return. Should I risk my money by starting an internet publishing company, which will likely call for a loan of some kind or should I invest in mutual funds or even lending clubs? I’m really lost at what to do with myself. Any advice at all is appreciated.
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any advice for someone quitting their job
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I hated my first job too, but I kept telling myself it was only temporary. As soon as I graduated college I starting sending out resumes. It took me 14 months, but I finally found a better job. Better pay, better hours, more benefits, better people. If I were you I would focus on graduating, then start looking. I wouldn't quit my job without another job or source of income waiting in the wings. At the very least, find another job before quitting your current one.Brian
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If this were me I would not be quitting a job without another source of income in place. If you want to start an internet business do so in your spare time while still in your current job, at least that way you will have some income coming in to pay the bills and keep a roof over your head.
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Internet businesses can be successful but it takes a lot of dedication and hard work. It's also Extremely rare to start making money right away. For most businesses like that there are a lot of upfront costs but money come much later, even of you are successful. If you unsatisfied with your job I would recommend going for an associate degree and trying to start a business part time while you are in school. You have to be careful not to ran out of money, though.
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Originally posted by buccobruce View PostI currently have around $2500 saved in my checking and would like to grow this money into a more respectable number. I know it’s not a lot, but I’m looking to invest this money any way that will yield a decent return.
You should keep it as cash and focus on finding a better job.
Should I risk my money by starting an internet publishing company, which will likely call for a loan of some kind
or should I invest in mutual funds or even lending clubs?
I’m really lost at what to do with myself. Any advice at all is appreciated.
Once you've built up 3-6 months expenses in cash, and have extra on hand - then we can talk about investing to get a higher return.
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Hoody has it right. You can't, in good conscience, quit a job before you have confirmed someone else is hiring you.
What's the back-up plan? It doesn't sound to me like you have a Plan 'A' let alone a Plan B.
You must play the 'what-if' game. Even if you had one years funds set aside. What if things don't work out? What if you run into an unforeseen large expense? What if you get hurt and can't work for a few weeks, months?
What'll you do? Hit up Dad? He doesn't need you as an anchor.
My advice is to keep your job regardless of how distasteful it is -until you find another way to replace that income.
Nothing ever works out as you think it will, in the time span you think it ought to.
I've been there many times.
Hope that helps.
Vic Doke
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Having a job you hate is no reason to quit it. What you need is to bite the bullet until you know precisely what it is you hate about the job and how you can avoid that with your next job. You seem to have literally no idea about what you want to do with yourself and until you can answer that question, nothing you do will make you happy so stick with where you are at being the best worker you can be.
$2500 is not enough to live on or invest to make a 'reasonable' amount of money when trying to get a fresh start. How much is reasonable and what will you do for money in the meantime? Why do you want to start an internet publishing company? Is this something that truly interests you or do you just think you will make a lot of money doing it. Do you have an experience? What would an associates degree do for you towards a new job?
I would suggest that you first determine to give this job a year while you do some other things. One, have some deep thinking going on what you really want to do with your life. You seem like you want to jump in just about anything to get out of the job. That is called jumping out of the frying pan and into the fire. Set some goals on how to figure out what you want to do even if it means spending some money on a career conselor. You do have plenty of time to save and figure out what you want to do. Setting goals means setting reasonable and measureable things. Such as 1. I will set an appointment and meet with a career counselor by a certain date. 2. I will set aside an extra $XXX towards moving/new career/training. 3. I will reasearch 5 different occupations that I am interested in to find out what it takes to get into the business, how much it pays and what skills you need to enter it and would You really want to do it.
In the meantime while spending some serious time trying to decide on a new career, spend some time on line seeing what is involved with internet publishing--I now this was a popular type business back before almost everyone had their own computer, but is it something that you know you can attract customers and make money at? Is there something else on line that you can do?
You can jump out of one job and then into another that you hate all your life, or you can spend the time to really try to figure out what you want to do. It may be an emotionally painful year but you will learn alot about yourself and your ability to stick out rough situations. People that quit whenever the going gets tough are called quiters for a reason. Remember when the going gets tough the tough get going...and succeed.
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Originally posted by Hoody View PostIf this were me I would not be quitting a job without another source of income in place. If you want to start an internet business do so in your spare time while still in your current job, at least that way you will have some income coming in to pay the bills and keep a roof over your head.
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Go for it!
Making money online and working for yourself is the way to go. Its not easy but what is? You're young. Take the risk. You wont be able to when you get older.
Deliver pizza, waiter, bartend etc. You can find something. Maybe ideally you can work work for a web design company. Pick up some tips. Work on your own stuff during downtime.
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Don't live life expecting to build your credit with a 9 dollars per hour job.
Lots of college grads are finding that they can't find jobs that pay enough to pay back the student loans they took out, so are they really better off? Until this guy has a good idea of what he wants to do, he should wait on college. If at the end if he decides he wants to do something that takes technical training then he has to go back to school yet again and incur even more loans to pay off. Much better to plan what you are going to do and how you need to accomplish it, instead of jumping into school loans. But that could be the old lady in me having lived for many years seeing young people leap before they look and getting themselves in trouble. For some reason they never want to listen to wisdom of their elders which is a big problem with our society. Younger folks think those of us in our 50's-90's don't know a thing which isn't true at all.
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