Hi Reader,

I talk with a lot of people who dream about leaving the 9-5.

They want more freedom, more control, and more meaning in their work.
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But leaving a stable, well-paying job for the uncertainty of self-employment is scary. It took me four years of preparation to say goodbye to my employer for the last time.

Needless to say, it wasn't a decision I took lightly. As the sole breadwinner for a family of 5, my decision depended largely on one thing:

Risk reduction.

If I only had myself to worry about, it would be less risky because I wouldn't be dragging my wife and kids along with me.

Perhaps your situation is similar to mine, and you want your ducks in a row before you hand in that resignation letter. With that in mind, here are 6 ways to reduce your risk so that you can quit with confidence:

1. Eliminate the waste from your budget. Some expenses may take care of themselves when you quit (your commute cost, daycare, etc.), but look for other expenses that have outlasted their usefulness. You're not trying to live a Spartan lifestyle, but you do want to eliminate costly waste.
2. Build a financial safety net. I'd recommend 12 months' worth of expenses. Use your side hustle income to fund this before you leave your job. When calculating your costs, don't just count your household expenses (mortgage, groceries, utilities, etc.) but also your future business expenses (insurance, licensing, etc.).
3. Don't leave until your side hustle income consistently matches your 9-5 income. Or, at the very least, make sure it will match or exceed it in the very near future. (My "breakthrough moment" was landing 5 freelancing clients at a financial conference, in the weeks before I quit my job).
4. Take care of large one-time expenses before quitting. Like that new roof, a reliable vehicle, college costs, etc. Otherwise, your 12-month financial cushion could be only a few months if the expense were large enough.
5. Find your tribe. Like colleagues, but better. Your tribe is in your corner and supports what you're doing in your side hustle. Building this support network in person is best, but you can also develop strong relationships online in masterminds, online communities, and other virtual spaces.
6. Last but not least, don’t burn bridges when you leave your employer. Risk reduction isn't risk elimination. You never know!

Managing risk isn’t a side note in my coaching; it’s a core pillar. My goal is to help you build a path out of your 9–5 that feels exciting and financially responsible. If you’d like clarity on your own risk level and what it would take to quit with confidence, let’s talk!

Three people have booked complimentary calls just this week. Book yours here, and we’ll walk through it together!

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Have a great week!

Colin

💡Resources

FREE! 2-Minute Side Hustle Quiz​
Not sure what kind of business or side hustle is right for you? Take my 2-minute Side Hustle Quiz to discover your side hustle personality, with personalized ideas and guidance on how to start building something that fits your strengths and goals.

👉 Take the Side Hustle Quiz​

FREE! 7-Day 9-5 Escape Roadmap Video Course​
If you’re dreaming of leaving the 9-5 but don’t know where to start, this free 7-day video course walks you step-by-step through the mindset, planning, and strategy you need to build your exit plan with confidence. Short, practical videos delivered daily to help you gain clarity and momentum.
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👉 Start the Roadmap Video Course​

30-Day Launch Playbook — Freelancer Edition​
Ready to stop thinking about freelancing and actually start? My 30-Day Launch Playbook will provide you with a simple, actionable week-by-week plan that will help you assess your skills, choose your niche, create your offer, find clients, and build real momentum in just one month.​
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👉 Get the Playbook​

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