J.C.’s Money Blog

I turned in my resignation from my job last week but have offered to help out for a bit longer than usual, so that I can tie up some loose ends, and so that my employer has a chance to find a replacement for me. As the news has spread to my colleagues, it is interesting to see their reactions. Everyone congratulates me, but they seemed concerned when I tell them I don’t plan on getting another job.

But what is the worst that could happen to me?

I am starting a web business and will get valuable experience in a field I know I enjoy more than the field I am working in now. In the worst case, I won’t make the advertising revenue I need to survive and will have to come up with new ideas or get another job.  I know my websites will be technically topnotch, its just a question of whether I can attract the traffic it will take to keep me on track financially.

And if I can’t? Well, I’ll just use my websites as a reference for the work I can do. I can always get another job, and this time in a field that suits me better.

One of the valid concerns my colleagues express is my loss of benefits. Benefits I am giving up by resigning are:

• Retirement
• Health
• Dental
• Vision
• Life Insurance

Life insurance doesn’t matter because I don’t have any dependents. This is something I don’t take from my employer anyway and they pay me an extra couple bucks a year extra for that.

Vision insurance is something I don’t need either, because I had Lasik and have 20/20 vision now.

Retirement is one that really hurts, but I have written about losing my 401k match already.

What I haven’t thought about too much is health and dental insurance. I know I can get Cobra coverage for a few months after quitting my job, then I’ll have find a health insurance provider. I need to do some serious research on this topic.

But all-in-all I am not too concerned. Right now I think my situation is almost already worst case scenario. I have a job I don’t like in a location I don’t like.

I am young and its time to take some risks.