I know there are Indie Hackers out there struggling financially. You may be juggling multiple jobs, dealing with huge debts, and struggling to see the big picture. This post is for you.
It took 3 years of working a full-time job (in addition to @wavve) before I could afford to work on Wavve exclusively. If you're currently working a day job while bootstrapping your business, don't despair. I'm living proof that regardless of what you might hear, it's totally possible.
I was able to leave my day job at the end of May, and June 1 was the first day of my adult life (I'm 33) where I had total freedom over my work. There's always been this looming financial pressure to find a job, secure a new contract gig, or conform to an employer's expectations and schedule. Not anymore.
Many were surprised to learn I was still working a second job when Wavve was doing so well. It's a good question. My Wavve income surpassed my day job salary over a year ago. So why did I wait so long to leave?
Like many founders, I had a bunch of financial obligations weighing me down. I had a family, a mortgage, and student loans ($250,000 😬) to worry about. It would've felt amazing to scale back to just Wavve as soon as the income made that a possibility, but I had this giant debt hanging over my head for years. I realized that I could grind it out for another 12-14 months, and I'd have two large sources of income to get totally out of debt.
I managed to pay it off in about 10 months. The sacrifice was totally worth it. Now that I don't have this giant debt looming, I'm able to enjoy more freedom as a founder. There's a lot more to this story, so if this resonates at all, be sure to read my detailed post here - https://nickfogle.com/bailing-water.