HomeVideos

Practice Being Broke Before Quitting Your Job — Michelle Khare

Now Playing

Practice Being Broke Before Quitting Your Job — Michelle Khare

Transcript

112 segments

0:00

When did you take

0:02

action towards

0:04

realizing the dream? Could have been a

0:06

very small thing, I don't know, but like

0:08

what was the kind of defining first step

0:11

that kind of set you on the actual path

0:14

to

0:15

realizing what you laid out? I took

0:17

action pretty immediately, but it took

0:20

me a year to quit my job. And I'll

0:22

define what the difference is. I took

0:25

action immediately by This might be

0:28

crazy. This was a Tim Ferriss

0:29

experiment. I really resonated with what

0:33

you wrote about

0:35

coming to terms with the worst possible

0:37

outcome. Mhm. And so I decided, I'm

0:40

going to train myself for the worst

0:42

possible outcome.

0:43

>> it. So I moved into a studio apartment

0:47

with a roommate.

0:49

I cut like like financially stripped

0:52

down I mean, I didn't have much anyways,

0:54

but stripped as much as I could to

0:56

simulate if if I'm truly failing at this

0:59

and having having to live in a Hollywood

1:01

apartment with a bunch of roommates, I'm

1:02

just going to get used to that. I'm

1:03

going to get used to it right now. I'm

1:05

going to cancel all of my memberships

1:06

and figure out how to stay healthy

1:09

with just myself just myself in this

1:12

small place. I am also going to commit

1:16

to working on my own stories after work

1:20

on the weekends because if I can't do it

1:22

now with stability, I I need to prove to

1:25

myself that I actually give a about

1:29

this really. And I did that for an

1:31

entire year.

1:34

Growing a little bit of a personal

1:36

savings, but also growing mental and

1:38

physical stamina towards

1:41

I'm already in still a place of safety,

1:44

of course, but I am in a situation where

1:48

I think I can handle this. I got this.

1:50

Like LinkedIn is up to date. Little

1:52

resume is up to date. I am so ready. I

1:55

have defined, prevent, and hopefully we

1:57

don't got to go to that third column

1:59

repair.

2:00

And so then a year later exactly, I quit

2:03

my job. And when I quit, I had

2:07

two months of videos backlogged ready to

2:10

go. Also legally for the record on my

2:12

own machine.

2:14

Not company resources.

2:16

All of that was ready to go.

2:18

And I knew what my first big project

2:20

would be, training with the stunt

2:22

doubles.

2:23

I had a shoot date ready. I had taken

2:27

you know, I only had like three months

2:29

of savings at that point. And I had had

2:32

allocated this is going to be for the

2:34

dream project. My first risk on my

2:37

channel. Nothing will touch that. The

2:39

rest is is for operating daily life

2:41

expenses. And I said, I got three months

2:44

to to make this work. And like you said,

2:46

you know, like we've been talking about,

2:48

sometimes you got to put your back

2:49

against the wall and go. I love this. So

2:52

>> [laughter]

2:53

>> So this is I feel like we were separated

2:56

at birth. So

2:57

>> [laughter]

2:58

>> So a few things. I'll I'll say number

3:00

one to try to I mean, not that I have

3:03

I'm not a paragon of self-awareness, but

3:05

I I will say that I for different

3:08

reasons have a certain like

3:09

hyper-vigilance focus on safety and

3:12

security, which might sound strange to

3:14

people listening, but

3:16

I'm always trying to risk mitigate,

3:19

right? I'm actually I don't view myself

3:21

as a big risk-taker.

3:22

I have done a few things that have ended

3:24

up with

3:25

>> [laughter]

3:25

>> me accumulating injuries that maybe in

3:28

retrospect shouldn't have done. But

3:29

broadly speaking, I'm always trying to

3:31

mitigate risk, which is underscores this

3:34

entire fear-setting exercise, right? Cuz

3:36

it's not just about convincing yourself,

3:38

it's also in my mind

3:40

completely intertwined with what you

3:42

did, which is

3:45

preparing

3:47

and training yourself and your

3:50

circumstances, right? So

3:53

when I flash back to starting my first

3:57

company, it's like, how did I start the

3:59

first company? I started my first

4:01

company during lunch hours, evenings,

4:04

and weekends basically while still doing

4:08

my other job and doing my other job

4:10

well. Mhm.

4:11

But I wanted to have a head start so

4:14

that I wasn't beginning from scratch

4:16

after quitting a job.

Interactive Summary

Loading summary...