Thinking of Quitting Your Job in 2026? 4 Money Moves To Nail Down First

Core Insights - The article emphasizes the importance of financial preparedness before making a career transition, particularly for those considering entrepreneurship or freelancing [1][2]. Financial Non-Negotiables - Individuals should establish "non-negotiables" in personal finance before quitting their jobs, which includes having a clear plan for income generation [3][4]. - Proof of concept is essential; income should already be coming in, even if it is inconsistent, rather than relying on uncertain future funding [4]. Runway and Revenue - Two critical components for a successful transition are runway and revenue. Runway refers to cash savings or alternative income sources that provide time, while revenue indicates validated income streams [5]. - An emergency fund of at least six months of living expenses is recommended to cushion against unpredictable income [5]. - It is crucial to clear high-interest consumer debt, as it can hinder financial stability during a career change [5]. - A thorough understanding of monthly expenses is necessary, distinguishing between fixed and optional costs [5].