I Quit My $300,000 Banking Job After Learning 3 Things

I'm about to resign I'm also letting go of a sixf figure bonus a sixf figure sign on that's Beau be paid to me in March I've just sent my manager I'm shaking I've just sent my manager a message to have a chat this morning so let's see how it goes I spent the last nine years climbing the corporate ladder getting promoted taking on more responsibilities asking for pay Rises negotiating bigger bonuses and then earlier this year I decided to walk away I decided to leave investment banking for good and to date it was the hardest decision I've ever had to make and making it just two months before receiving what would have been the largest bonus of my career probably makes it seem like I had lost my mind to anyone on the outside the truth is that even I didn't know if I was making the right decision or if everything think would turn out okay but what I didn't know is that if I didn't take the chance I would live to regret it as Obama famously said you don't have to be 100% certain to make a decision gather all the ideas the information gather all the perspectives to get you 21% and once you reach that point make the decision and find peace in the fact that your choice was based on the information that you had at that time hopefully by sharing with you what got me to the 51% it will give you the courage to make do the same throughout the 9 years I spent in banking there were a handful of people who I really enjoyed working with and one of those people was a woman who worked in the same team as me she had been doing the job for nearly 20 years she loved what she did and she kind of took on this mental role with me she told me how things were done she sat back with me after work to answer my questions she gave me the lowdown on all the office politics and then about 7 months after I joined the bank one evening in the office her phone rank she picked up put the phone down and walked away from her desk and as soon as she left my manager called me into another room he told me I had just been promoted and then explained the details of my new position I told him that it sounded very similar to her role and that we're now covering the exact same clients so what's the difference and he clarified that she was with HR and had just been let go at a time where I should have been celebrating I just got promoted I found myself in a situation that was completely the polar opposite and it changed my whole perspective on professional life I learned that the company you work for ultimately doesn't owe you anything but a paycheck and in this particular instance yes great I was on the fortunate side but next year the tables could turn and who's to say I won't be on the other side they say You're only as good as the hours you can dedicate when you're working for someone else and the amount that you earn is directly tied to your time but the issue is that even your time isn't in your control and I realize that I can never truly be financially independent and financially free so long as I'm letting someone else have more control over my financial life than I do the first few years of working in a corporate they were fun they were intellectually stimulating I was learning a lot I felt like I was in this real growth phase and then after that things seemed to Plateau it wasn't exciting anymore I wasn't feeling challenged and I felt misaligned and that feeling of misalignment it kept getting bigger and really started to take a toll on my mental health so I decided to sign up for therapy sessions and in my second session my therapist told me that I need a life coach and I remember thinking what on Earth how do I even go about this what's the life coach going to do let me just try and figure this out my my own and so I went home and I spent the next few days alone I didn't do anything else but really understand why I was feeling a certain way why I was feeling misaligned what I wanted to get out of life and why I was feeling at the time really caged up and during those days I realized I had absolutely no interest in helping CEOs of large companies or working on billion doll transactions and the only reason why I was doing it was firstly the paycheck and second L the social status I hate to admit it but I'd be lying if I said that didn't play a massive part I was living life solely based on society's expectations I believed that I should be grateful for having a somewhat prestigious job and earning a good salary because that's what most people desire but it's not what I desired my why is to inspire and motivate people to take control of their finances and ultimately their lives through sharing my knowledge of money and my perspective of money that's what success meant and means for me that's what I do through my YouTube channel through my courses through my free workshops and what I can tell you now is when you get clear on what you want and what you want to do and you live and breathe there and you become so obsessed with doing that thing nothing else matters whilst that six figure bonus which I'll talk about more in a second was incredibly incredibly hard to walk away from I had got to a point where no amount of additional money would be able to keep me away from living my why from the outside every single person I spoke to told me I should reconsider what I'm about to do and every single person told me to stay for a little bit longer so that I can at least get paid that bonus but at this point my bigger meaning took over yes I could go back and cave in and get that bonus but that would be an excuse for me to stay for another year and another year and keep getting paid to live someone else's Vision rather than working on my own when it comes to major life decisions everyone will offer their opinions usually with the best of intentions and based on their own experience but if you can find time for Solitude and introspection and you can stop letting other people's opinions dictate your choices that's when things really start falling into place maybe your meaning and your purpose is within your day job and you don't believe the common notion that everyone should quit or you might feel the exact opposite regardless just make sure that that decision is yours and not driven by Society for a lots of people on social media following your why is enough to quit your job but if you've watched my other videos You full well know I've never endorsed that idea on this platform I've expressed frustration towards anything or anyone promoting the notion of leaving your job to just follow your why implying that hard work alone will fix everything and sort everything else out it takes a specific type of person to take that level of risk and that person isn't me and that's precisely why the the two major factors I mentioned earlier weren't enough to tip the scale because let's be honest bills exist mortgage or rent payments exist responsibilities exist that's just a part of life and that is why I wasn't able to leave sooner than I did I stayed in banking for longer than I wanted to because my salary was paying for me to build up an emergency fund it was paying for all of my investments my stocks and shares property it was paying for all the experiments I was doing behind the scenes on my side hustles and yes I took a huge pay cut at the time that I resigned it was an 84% pay cut but I was also in a very fortunate position that I had enough of an emergency fund to last me 9 months in case something didn't work out and it was only when my side hustles had matched my fixed costs plus an additional 200 or300 more a month was I comfortable in taking that risk I'm 30 we don't have kids and I knew that a I'll be a lot happier doing something that I truly love whilst giving back in some way and B I'll still be able to make money from it in a way that's not tied to me trading my time like having an impact on other people and getting paid whilst I'm doing it there's nothing better than that the reason why this video makes me smile is because it was a happi as I had been in a very long time I finally felt aligned and like I was getting paid to do something that I loved what I didn't know as I was recording that was that I'll be in a position where I am now which is what I make is astronomically higher than what I used to make in banking I just did what I loved I pushed myself out of my comfort zone I became so obsessed with my bigger meaning that I didn't have time to think about what anyone else thought I took the risk and I hoped that the remaining 49% would somehow unfold at the end of the day this is my journey this is the path that I've decided to take and the things that I did to get there it may not be the right path for everyone but hopefully by sharing some of this it will give you the inspiration and the courage to do the thing that you've been putting up for so long

Channel: Nischa

Views: 1,417,192

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Id: mXEhbsDB1ag

Length: 9min 10sec (550 seconds)

Published: Sun Nov 12 2023