(This article originally appeared in NextIdea, our weekly newsletter about hustling and finding financial independence. Register using the box below.)
When the phrase “quit quietly” burst onto the scene earlier this summer, everyone had an opinion.
“I’m not going to go any further,” noted a Gen Z employee in an interview with The Wall Street Journal, which reported on the story about a month after it started trending on TikTok. In case you need a reminder: quiet stop is a new buzz phrase that young people have started using on social media to indicate their intention to do the bare minimum at work.
Quiet quitting is an anti-hustle sentiment in which workers are less willing to go above and beyond for a promotion or a raise. The strategy isn’t new, but the new moniker has given the approach more visibility and generated plenty of conversations about what a successful career looks like in our modern world. For some, the movement shines brightly on the rat race that is our modern workforce. Others say quitting silently reduces your earning potential by quitting a steady job or refusing to move up the ladder in your industry.
@scottseiss #fyp #work #bgcdramaeffect #quietquitting ♬ original sound – Scott Seiss
@weekdayremedy #quietquitting #careeradvice #careertok ♬ original sound – Emily Smith
Some managers are crazy. But at the end of the day, quitting quietly is all about setting boundaries with your time and attention, and you’ll need bionic boundaries to get your financial independence (FI) aspirations off the ground.
In order to start pursuing your FIRE goals (financial independence, early retirement), you need bandwidth. You need to calculate your FIRE number and carefully consider your expenses. You will probably need more sources of income. And you need to know the basics of investing to make sure your excess income works for you in the form of passive income and compound interest.
FIRE experts agree that conserving mental bandwidth for other revenue-generating endeavors is a good idea. “Instead of pouring every extra ounce of energy and time into your career in hopes of promotion, focus on creating streams of income that you enjoy doing outside of your day job,” says Kiersten. Saunders from Rich and Regular. Perhaps a more civil interpretation of silent surrender is that setting boundaries at work will free up energy to cultivate your financial security, rather than just focusing on a career ladder that might unexpectedly tip over without Warning.
@managermethod #quietquitting #worktok #hrtiktok #pov #worklife #workstress #corporate #hrtok #whattosay ♬ original sound – Manager Method
@corporatedropout_mom Thought I’d give a hot version of the Quiet Shutdown by Generation 🤣 #corporatetok #corporatemillennial #xennial #boomer #genz #millennialsatwork #corporatehumor #quietquitting #workjokes #worktok #9to5life #workproblemsbelike #quietquit ♬ original sound – Corporate Dropout
Diversify your career
Here is an example to inspire you.
As a dentist, Jake Andersen loved helping people. But he didn’t like the parts of the job where he’d be on the phone with insurance companies all day, and he knew he didn’t want to grow. (He also has student loans — to the tune of $420,000.) Instead, Andersen and his wife hatched a side hustle: a company called Whake Studios that makes “bucket list boards” at the using a 3D printer. The success of his small business helped him reduce his dental practice to two days a week and develop a plan to make a profit while raising a toddler. he says a portfolio career has greatly improved his work-life balance.
Read his story here: This dentist’s side hustle earns $10,000/month, but not a penny goes to extra payments on his $420,000 student loan. here’s why
Start looking at your money today and figure out which habits or mindsets you need to “quietly stop” in order to move towards financial independence.