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How To Quit Your Job and Experience Financial Freedom In Under 3 Months

by Michelle Dale on

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In February 2005 when I was 23, I was pretty fed up with several things, such as the daily commute to the city, the huge council tax bill, the ridiculously large mortgage that I would most likely be paying into my retirement and the sheer predictability of everything in my life. Does this sound familiar to you?

When I took a look at my problems, I could see the only way out would be to start working for myself, but I was in no position to do that with my cost of living each month. I decided that in order to start a business, I would need to get rid of my mortgage and my living expenses. Now this isn’t so easy in the UK, costs of living are high, and you need a steady job. So my only option was to dramatically reduce my living costs. This is when I decided I would have to take action and actually move in order to do this.

So the turn of events which follow are the steps I took to quit my job and experience financial freedom, and this all happened in under 3 months:

Month 1 – Choose Your Destination & Give In Your Notice

When you choose your destination make sure the cost of living is low, and Visa requirements are fairly unrestricted.

The year before I had taken a holiday for 2 weeks to Egypt, I was amazed at how cheap everything was. I knew a couple of people there from my holiday, and it was very economical to get to at the time, flights were next to nothing. I decided that would be a good place to go. Cheap rent, cheap living costs and great climate (I love the sun). I was able to very easily obtain a Visa just by landing and heading to the visa office. You can buy a 1 year visa, it’s cheap as chips, and most places near the centre of town in Luxor will have good internet access. There are internet cafe’s everywhere, and if you decide to go somewhere like Cairo, then the lifestyle there is pretty far advanced, and you can have all the luxuries you would normally have in the western world.

So in February 2005 I put my house up for sale, and gave a months notice at my job with a view to making it to Egypt as soon as possible.

Month 2 – Let Go Of Your Material Possessions & Arrange Accommodation

In March 2005 I sold or gave away every item of furniture and the things that I was not able to take with me to my new destination. Now, this was quite easy for me. Once I made the decision to leave, letting go of my possessions was just another part for the process, but I can really appreciate now how difficult letting go of “things” can be. But you have to look at them from the point of view of — how valuable are they, really? Are they essential to your existence? More often than not, the answer will be no… be honest with yourself, electrical equipment, clothes, ornaments – ask yourself, “Are these things necessary for my existence and inner happiness?”

I also purchased my tickets to Egypt and set about closing up my accounts and sorting out loose ends. I had arranged temporary accommodation from a friend I met on holiday, an apartment close to the centre of Luxor, and actually that’s where I ended up living for 2 years. The rent was just 500LE which is £50 – the price in some shops for a pair of shoes. When you arrange accommodation, if you have a family, go for a flat or search on the internet for holiday rentals, see if the owner of the holiday rental will extend the rental period for 3 to 6 months. Many will, especially “out of season” for that country, and it will give you time to get there, set yourself up and find somewhere more permanent. If you are solo, then your options are very open — hostels, guest houses, single rooms for rent or studio apartments.

Month 3 – Pack Up Your PC & Go!

In April 2005 I flew to Egypt, by this time I was lucky, I had a buyer for my house, and the sale was going through. The sale closed in May when I was already living my new life.

I made sure I had a good, light notebook style laptop and an internet connection where I was going so I was able to start researching the best possible options for business opportunities right away, and of course stay in touch with friends and family. Now, at the time I had no idea what a Virtual Assistant was or that my time spent researching was going to result in Virtual Miss Friday. My basic costs of living each month were around £100, which was about $200 at the time, so I pretty much lived like a queen, and did whatever I wanted. Yes it’s totally nuts… But it allowed me to study, and research and enjoy my surroundings. It was one of the most memorable and liberating periods of my life.

Looking back, everyone thought I was crazy, but now I consider it one of the most sober and sensible decisions I ever made in my life. Sometimes you have to act without thinking about it too much, or you will likely talk yourself out of it. If it feels right to you, then it’s most likely the right thing to do. Follow you instincts…

Tell Us “Have You Been Considering making A Change In Your Life?” OR “Have You Made A Change Already?” In The Comments below…

Everyone who leaves a comment which is approved, will receive a FREE copy of my eBook "REALISTIC - Down To Earth Online Marketing", I will send you a copy via email, so if this is your first comment, be sure to use your email address, thanks!
Here's To Your Virtual Assistant Business Success!
  • http://www.marissawritesablog.blogspot.com Marissa Roberts

    Wow! I never thought about changing locations when looking for financial freedom. Very creative!

    This is my first visit to your site, love it so far, best wishes for the future :)

    • http://www.virtualmissfriday.com Virtual Miss Friday

      Thanks so much for your comment Marissa, changing locations to some it is a little drastic, but at the time to me it made perfect sense, and I never look back :)

  • Lorijean Miller

    I've been working for more than 25 years as a marketer in the architectural design industry. Two years ago (in the midst of the economic recession), I decided I needed a transition career that would take me into and through my retirement years. It needed to be something with greater flexibility and building on my current skills. I decided to become a personal development coach focused primarily on transition and marketing coaching. I'm getting ready to launch my new business now and I, too, am faced with the very decisions you had to make and shared in this article. Although you make it all sound easy, I am sure that it took all the planning, organization and decisionmaking skills you could muster up! Congrats on your new site; I hope to share mine someday soon.

    • http://www.virtualmissfriday.com Virtual Miss Friday

      Thanks so much for sharing your story – It takes a certain mindset to make it all happen, but anything is possible.

  • Nigel

    What an inspiring story. I had never considered Egypt before but it does sound enticing!

  • http://www.yourpreferredpa.co.uk/ Nicky Somers

    If only!

    I did half of 1 by quitting my job and then jumping in feet first, but travelling long term with my business will have to wait now, until the children are off hand, but hopefully I'll be able to pack my business into my bag and head off to some far flung places, for family holidays, in the interim years.

    I really admire your spirit and wish I’d been as brave and adventurous when I was young and carefree.

    • http://virtualassistant-live.com/ Michelle, Virtual Miss Friday

      Thanks Nicky, everyone has their own circumstances, and you have to go and do these things in life when the feeling is right. I am not a fan of “What If”… better to just go do it, and see if I fall flat on my face or not LOL :-)

    • http://virtualassistant-live.com/ Michelle, Virtual Miss Friday

      Thanks Nicky, everyone has their own circumstances, and you have to go and do these things in life when the feeling is right. I am not a fan of “What If”… better to just go do it, and see if I fall flat on my face or not LOL :-)

  • http://yourholiday.blog.com http://www.allinclusive.co.uk

    Wow, you are very brave, but also inspiring.

    • http://virtualassistant-live.com/ Michelle, Virtual Miss Friday

      Thank you :-)

  • http://pulse.yahoo.com/_ENWHYZPFN7WQ4HQ75D7Q6SPWK4 Billiii

    Trying to get this to work! Recently, I let go of the office, and stepped home to do what I like doing, writing on the Internet like I've always wanted to do. Stepping into freedom is refreshing. The results are up to God! Thanks. I enjoy your Facebook messages.

    • http://virtualassistant-live.com/ Michelle, Virtual Miss Friday

      Wow good for you! Sometimes you have to throw caution to the wind and have some faith, anythng is worth a try if it means that much to you. Thanks so much for the comment :-)

  • http://virtualassistant-live.com/ Michelle Dale

     Thanks Lisa! Really pleased you liked it. It was one of the first ones I ever did on this blog :-) Very happy to be able to share!

  • http://profiles.google.com/willieshac Williesha Lakin

    Hoping this blog post is right on time. Leaving my corporate job in 20 days, and while I am still applying for other admin jobs, I am trying to wrap my head around being a VA. I will be moving to a different state for the first time in my life. I hope it does indeed lead to financial freedom.  I love your personality!

    • http://virtualassistant-live.com/ Michelle Dale

      Thanks so much Williesha, wow big changes coming up for you now, the best thing you can do is look to the future, don’t dwell on the past and embrace your new adventure. Every day it will get a little bit easier :)

  • Pingback: Virtual Business | Digital Nomads | Chris Guillebeau | Virtual Assistant Live

  • http://virtualassistant-live.com/ Michelle Dale

    That’s awesome Audrey! I won’t deny it is a challenge sometimes, especially for me this last week, but I wouldn’t change it for all the tea in china. It’s awesome, and I think your kids will love it :-)

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