The article is mostly scaremongering, but the reason I posted it was mostly the 401k comments.<p>Any "old timers" (meaning those that put money away into 401k through out at least 2 recent market crashes, dotcom and the financial one) here willing to comment as to how their 401k fared?
The biggest advantage I see(especially working for the company that does the matching) is that<p>a) Its a saving account that you cant take money out on a whim<p>b) Employee matching is free money<p>c) Youre not paying taxes untill youre ready to take it out and when you do take it out, your tax liability will be lower due to lower income<p>So you have all these financial advantages in 401k, the disadvantage is that you have to invest these funds wisely.
And over here in a socialist northern european country record numbers of small companies are going bankrupt, going into business for yourself is seen as a crazy risk, everyone is looking for a reliable j-o-b type job, retirement plans are still a healthy choice, and the middle class is holding steady. Are we really in such an antithetical situation from the U.S., or is this article part fabrication?
I have decided the year i quit day job is 2013, not after reading this article, but i have been planning it for the past 2 years.<p>2 years might seem like a lot of time but i started from absolute 0. Now i have few mobile apps in market through which i earn 50% of my sal every month.<p>Making lists really helps, but even if you loose the list your passion will find a way to get you back to the list.<p>Keeping this as wallpaper helps too
<a href="http://d24w6bsrhbeh9d.cloudfront.net/photo/5536250_700b.jpg" rel="nofollow">http://d24w6bsrhbeh9d.cloudfront.net/photo/5536250_700b.jpg</a><p>Edit: And the only reason i want to quit is freedom
Every year is the right year to quit your job. The real questions are:<p>- do you have conviction in what you are doing?<p>- have you taken every step possible to advance the idea or development in your current position (noncompetes obviously restrict what can be done)?<p>- do you have sufficient money to survive six months if you aren't showing any revenue?<p>If so any time is the right time.