I Quit My Day Job

Today marks three years since I first started this blog. It’s crazy to think that I’ve been at it this long. Looking at my stats, I see that there have been 727 blog posts and over 5,000 comments made on the site. I feel lucky to have made it this far and to have had your participation along the way. I’m especially encouraged that I’m still motivated and have more to learn and share. If you’re new here, I’d encourage you to dig into the archives for some of the older articles you may have missed.

If you’re a long time reader, all I ask from you is that you continue to show up and read the articles that interest you. And if you see something a friend or family member might like, please share it with them.

Given that it’s my blog-o-versary, I thought it might be a good time to let you know that I recently left my full time job. I did this partially because I have hopes to make this blog my primary source of income. I wanted to see what would happen if I put my full time effort into it. So far it’s gone well.

I’ve kept this under wraps for a few weeks for a few reasons. One is that I’m not quite sure how this will work out financially. Mrs. PT (a stay-at-home Mom) and I would like to have more kids and given the state of private health insurance in Texas, we’d essentially have to pay full price (>$15K) for each kid. I’m not sure I’m ready to leave the friendly confines of group health insurance for good. The blog income is enough to cover our normal budget, but not those hefty baby bills. We don’t want to dip into savings or put a hold on other goals. That means I’ll likely be looking for another full-time gig this summer. We’ll see.

In the mean time, I’ve been increasing my income by doing some blog design and consulting, as well as participating in this tax season with the family CPA practice.

Over the next week or so I plan on sharing my thoughts on getting individual health insurance, leaving the corporate world, working from home, and in general, how heading out on your own affects the finances. I appreciate your continued support with comments and questions. They are what keep me going.

If you’re considering a similar move, you should read my post Self-Employment: A Year Later.

Last Edited: February 18, 2012 @ 12:08 pm The content of ptmoney.com is for general information purposes only and does not constitute professional advice. Visitors to ptmoney.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.
About Philip Taylor

Philip Taylor, aka "PT", is a CPA, financial writer, FinCon CEO, and husband and father of three. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or view the Philip Taylor+ Google profile.


  1. PT,
    Congrats on your job transition. I am glad that your blog is doing well enough to allow you some flexibility in life. I wish you the best also with having more kids.

    Thanks for including my post in your “more from around the web” listing. Much appreciated!

  2. Thanks, Joe.

  3. That sounds great! Best wishes.

    As far as $15k goes, would your wife be willing to use a midwife? That can still be in the hospital, or even at a freestanding birth center. Or heck, at home! If she’s willing to try to forgo pain meds, that ought to save a ton. Just putting that out there — I know it’s not for everyone!

  4. Thanks, Kacie. If that were even an option for us I’m sure we’d consider it. But we’ll require a hospital for the next few kids…cesarean.

  5. Congrats with ur decision!a bold, calculated decision. I look forward to reading more about ur journey.

    BTW, considering doing a bit of blog design/consulting locally, too.

  6. um…negative on the midwife deal. I may have grown up in California and still recycle, but am big on the safety and comfort that a doctor and machines that monitor mommy and baby can offer.
    Plus I’m guessing c-sections are frowned upon in the living room… 🙂

    Happy blogoversary, PT!!

  7. @Kacie – I stand corrected.

    @Money Funk – Thanks. However, I’d say I should have been more calculated with my move and known about my health care concerns beforehand. Although having minimal debt and savings sure helped us to be flexible. Would be interested to hear more about your consulting.

  8. Congrats! I must be both scary and exciting at the same time. But if anyone can do it its you! I’ve always been inspired by the work you do/

  9. Like you… I would very much like to quite my job to work for myself. I know it will not be all glory, but I like the thought of personal flexibility. Hoping mindful side projects can add up to giving me the desired salary I need to cover my half of family expenses.

    I heard Blue Cross Anthem carry good rates for the self-employed. I have been with them for a long time (of course, work pays for it) and love the insurance!

  10. Jason @ One Money Design says:

    PT, Congrats on making this move. As you know, I started reading your blog last summer and have always found it full of informative and practical financial content. I wish you the best with this work. You’re definitely gifted in this area. I also look forward to reading your future posts (and learning much) about your full-time focus here. Looking forward to another meet up soon. JP

  11. Happy everything! Happy Blogowhatever it’s called. Happy being a free man! Happy April 18th! Happy everything!

    You deserve it PT! It’s about time you made the leap. Congrats x a million.

    P.S. I expected more frequent posting from you from now on Mr. Full time.

  12. PT – you rock!

    Congrats on the move. I was wondering why you were doing the tax return thing. 🙂

    $15k for baby? I think my last one was $400 and half of that was for parking and cigars. 🙂

    Just come to Canada to have your babies (no, I’m not babysitting). Yes, they will grow up to be communists but at least they won’t cost $15k. 😉

  13. PT, good luck on the venture! I know you’ll make it a success. Being self-employed, I understand how crazy the insurance situation can get. I’ve got a couple of suggestions. If you are interested, feel free to contact me.

  14. Cee Howard says:

    Congratulations on your work transition. I also left the ‘job’ for my business and it was wonderful and rewarding. Can initially feel like stepping off a cliff, though. Now I’ve adjusted to not working except on what I want to do — on our investing, things around the house, special projects. Life is good. Best of luck to you.

  15. Congrats, PT! Good luck with the insurance situation. I know it can be an expensive and frustrating thing to navigate, but hopefully you can find something! 🙂

  16. Wow, congrats PT! I love that you are quitting your job to do this full-time.

    3 years is an excellent benchmark. I’m going to use it for myself, and recommend others as well.



  17. That’s a huge move! Congratulation and good luck.

  18. Congrats to you and good luck. Looking forward to keeping up with the journey. Cheers to you and taking risks in life in the name of happiness!

  19. Whoa. Big change.
    Wishing you the best.

  20. PT,

    Congrats on making the move!

  21. Hey PT,

    Congrats and good luck to you! I’m sure everything is going to work out just fine.

  22. PT,

    I know that it’s a leap of faith and I commend you for the bravery. We all hope that it works out well, and I’m sure that we’re all secretly jealous! Good luck and God bless.

  23. Thanks, everyone. I appreciate the support! 🙂

  24. Congrats! That is fabulous!!

  25. Team @ Money Compare says:

    Good on ya PT. We know a lot of people are working towards quitting their day jobs and being where you are right now. All the best mate.

  26. Arthur @ Financialbondage says:

    Wish I could quit my full time job. Many Americans would like to I am sure.

    congrats. Hope it works out for you.

  27. Philip Taylor says:

    Irwin, you sound like you already have a desire and a plan. You don’t need me to give you permission. Just keep working on that start-up.