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IH POLL: Quit your job or planning to? Let's create a mega-resource.

This is something that surprisingly isn't talked about much or at least isn't gathered into 1 place for people to read and benchmark against.

Questions:
❓: How long have you been full-time as a maker?
❓: When you left your day job, what did your savings look like?
❓: What did your monthly expenses look like?
❓: How many months of runway did/do you have?
❓: Do you think there is a minimum runway one should have?
❓: In regards to runway, what's the "no-brainer, go do it" amount?
❓: What would you do different?
❓: What's your plan?

I'll start:

  1. Not full-time yet, will be leaving end of 2020. Dec 31st to be exact!

  2. Probably around $200k savings

  3. Typically between $3-$4k expenses per month

  4. At these numbers, looks to be around... 40 months (with padding)

  5. Minimum # of months: 12

  6. No brainer # of months: 24

  7. Wouldn't do anything different as of now. Will re-assess post December.

  8. Plan:
    Likely taking a 3-month trip overseas to do some exploring in 2021. (Haven't done much travel) and will be 30 next year. Personally want to explore Europe a bit. Will be working during that time but mostly focused on exploring and learning cultures.

p.s - obviously this is all subjective. Want to hear others opinions and approaches and hopefully this becomes a MEGA THREAD for Indie Hackers to benchmark against for a logical approach to making the leap.

I think it's especially important to find the average ideals so that people don't make the jump with 2 months of runway, unless of course their project is booming and growing like wildfire, which typically isn't the case.

  1. 2

    Idea: An Airtable or Notion or Google Form that allows people to "filter" by various criteria. It then becomes relatively easy for people to say "this is my plan, how many others have done that and how successful have they been". Better would be regular updates so 5 years from now users can go back and look at what worked and not and what is sustainable but that requires extra work.

    As for my details, I cannot share at this very moment, hopefully I can in 1-2 weeks.

    1. 1

      Yeah, not a bad idea. But it's not for my own use-case or for a product. I literally just want it to be a thread people can read through on IH.

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