From Quitting Your Job On a Whim to Six Figures with Millennial Money Man




Fire Drill show

Summary:  <br> <br> <br> <br> Have you ever dreamed of quitting your job and blogging full-time? Probably.<br> <br> But for most people...that thought is super scary.<br> <br> Well, today's guest is Bobby from Millennial Money Man, and he did just that.<br> <br> Bobby left a full-time job as a band director (only 2 years ago by the way), and now makes well over six figures a year blogging.<br> <br> However, it wasn't quite as dreamy as it sounds. He actually admits it was more of an impulse decision, and not one he'd recommend for everyone.<br> <br> Still, he's a brilliant, driven, FIRE-oriented blogger who has an incredible story. I'm sure you guys and gals will approve! He's amazing.<br> <br> We talk...<br> <br> How he first started blogging (and lessons learned)<br> Why you might NOT quit your full-time job just yet...<br> Freelancing to make end's meet<br> Healthcare costs when you've retired early<br> Life coaches....<br> Dealing with angry people that don't understand our FIRE desires.<br> <br> Want a free book, on us?<br> We're giving away copies of Pat Flynn's incredible book Will It Fly? How to Test Your Next Business Idea So You Don't Waste Your Time and Money. We'll ship you one in exchange for an honest rating and review on iTunes!<br> <br> Here's what you do:<br> <br> Search for 'FIRE Drill podcast' in iTunes, click "write a review."<br> Screenshot your review<br> Email to us at firedrillpodcast@gmail.com<br> <br> Already left a review? Send us the screenshot already :)<br> <br> <br> <br>  <br> Show notes and links from today's episode<br> <br> Bobby's blog - Millennial Money Man<br> His Facebook Ads Course<br> The Green Swan - PF and FIRE blogger.<br> The Swan’s FIRE Prowess Gauge // Savings Rates Be Damned<br> Our Next Life - Early Retirement, Happiness, Adventure! VERY close to achieving FIRE.<br> Mr. Money Mustache - One of the OG FIRE bloggers<br> The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss - Must-read for entrepreneurs and FIRE enthusiasts seeking freedom in their work.<br> Mr. Money Mustache's interview on the Tim Ferriss Podcast (really, really good!)<br> <br>  <br> Key takeaways from our chat with Bobby at Millennial Money Man<br> 1 - Why you should probably not quit your job to blog full-time<br> Bobby had a panic attack the first night after he quit. He struggled for the first several months of the transition (a transition which will be hard for everyone by the way).<br> <br> In the U.S. especially, we are programmed from an early age to...<br> <br> get good grades,<br> get into a good college,<br> get a good job,<br> work 40 years then retire.<br> <br> Unlearning and un-programming ourselves for a more financially independent, no-job lifestyle is extremely, extremely difficult.<br> <br> If you are under-prepared for quitting your job, it could cost you big time. Such a decision can eat into your savings, or force you back into a job (maybe even one worse than your previous job).<br> <br> Full-time blogging (or any other jobless lifestyle) is a huge life decision that should be taken into extreme consideration and planning!<br> <br> BUT...<br> <br> Don't be discouraged...<br> <br>  <br> 2 - Still want to get out of your full-time job? Save up a cushion!<br> This is one of the core tenants of FIRE, of course...but even on a small scale (i.e. mini-retirements, pursing entrepreneurship ventures or part-time work)...you're going to need cash to live off of.<br> <br> Bobby and his wife saved over a full-year of income.<br> <br> Worst-case scenario, they were prepared to re-think their options after one year of full-time blogging.<br> <br> But how does one save up a sizable cushion?