As featured in The Wall Street Journal, Money Magazine, and more!

Resignation Complete and Weekend Reading

This article was written by in Link Sharing. 42 comments.

Don’t forget Consumerism Commentary is matching charitable contributions.

It’s official. Earlier this week, I offered my resignation to the large corporation where I’ve been employed for just under a decade. I have less than two weeks to wrap up my projects and transition work to the rest of my team. It won’t be long before I have more time to devote to Consumerism Commentary, but until then, my workload will increase substantially.

I feel great about this move. It has been coming for a long time. I’ve been earning more than enough income to supplant my day-job salary for several years, but I’ve been hesitant to make the jump due to the volatile nature of the source of my income now. I’ve come to the conclusion, after years of consistent revenue and a particularly good 2010, that it’s not as volatile as I thought. And, if there is a problem, I have enough cash ready to hold me over, and I’m highly employable.

Thanks to all the readers who have supported me. Without you, this would not be possible.

Here are a few articles for weekend reading.

Somewhat timely considering my current life change, I wrote about Doing What You Love and Deciding Never to Retire for Currency from American Express. Retirement is only for people who aren’t making a living doing something they enjoy (or are no longer physically or mentally capable). You can avoid the financial industry’s hard sell on retirement products and faith in the long-term benefits of the stock market if you earn an income from something you will enjoy until you die.

As a companion to my Christmas gift ideas under $100, I also described the Best Holiday Gifts for Travelers for US News & World Report.

Barb Friedberg doesn’t want an iPad. I don’t want one either; I’d prefer an equivalent Android OS-based tablet, but all those I’ve seen are not yet ready for prime time. If Verizon Wireless does support an iPhone within the next few years, I may switch from my Motorola Droid to Apple’s products, including the iPad. Having the convenience will be helpful to me as it will be much easier to manage Consumerism Commentary and other projects away from home.

As you know, I track my net worth on a monthly basis. Fiscal Fizzle has a better idea for that calculation: track your actionable net worth instead. Actionable net worth is limited to checking, savings, and other deposit account balances, credit card balances, and outstanding loan or credit card balances. This does not include hard assets like cars and houses or your retirement account balances. Wojo’s theory is that this gives someone a more accurate picture of what’s available.

As pointed out on Frugal Zeitgeist, NASA discovered a new life form recently. This both is and isn’t a big deal. It is big because it shows that life can thrive with a different DNA structure previously known in nature, but it might not be a big deal because replacing phosphorus with arsenic is not very far-fetched and the DNA still prefers phosphorus. I don’t think this will bring us any closer to discovering extraterrestrial life, but it is a fascinating look at how organisms can adapt well beyond what were previously thought of as limits.

Consumerism Commentary participated in a number of carnivals this week: Carnival of Wealth, Best of Credit Cards and Saving Money, and of course, the Carnival of Personal Finance. The Carnival of Personal Finance is looking for hosts, so if you’re a blogger interested in contributing to the community, consider hosting the Carnival of Personal Finance.

Updated January 16, 2018 and originally published December 4, 2010.

Email Email Print Print
About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 42 comments… read them below or add one }

avatar 1 Anonymous

Congrats on officially resigning!

Reply to this comment

avatar 2 Luke Landes

Thanks, Jackie! It was difficult because I knew I was putting my boss in a tough position — thanks to a recent intercompany merger, there’s a hiring freeze in the division. I don’t like making things difficult for people…

Reply to this comment

avatar 3 Anonymous

Congrats Buddy! You have been talking about this move for as long as I can remember reading your blog, it is amazing that you are living your dream.

Reply to this comment

avatar 4 Anonymous

Congrats, Flexo! I’m excited about what this new adventure will mean for you and all of your readers. Warning: Good things ahead.

Reply to this comment

avatar 5 Anonymous

Sweet! I know it’s been in the works for as long as I can remember, so I’m happy to hear you’ve finally taken the next step. I hope it’s up and up from here!!

Reply to this comment

avatar 6 Anonymous

Congratulations on the success of your blog over the years, Flexo! And for finally doing something you’ve been discussing for a long time. I wish you the best!

Reply to this comment

avatar 7 Anonymous

Congratulations! Can’t wait to see how much CC and your work will grow when you can focus full time!

Reply to this comment

avatar 8 Anonymous

That’s great, Flexo! I’m happy for you, man. I know you will love doing this full time. What are you going to do with your free time now?

Reply to this comment

avatar 9 Anonymous

Congratulations on taking the plunge! I know it’s been something you’ve wanted to do for a long time now — best wishes for a bright (and financially comfortable) future.

Reply to this comment

avatar 10 Anonymous

Flexo, this is just awesome! Congratulations on making the move and beginning a new chapter. I dare suspect you will find that with the same amount of effort, it will be easier and faster to grow your income through this site than in a corporate job.

Reply to this comment

avatar 11 eric

Congrats on the big decision. It’ll pay off in the long run :)
Looking forward to better and greater things on CC.

Reply to this comment

avatar 12 Anonymous

This is good news to hear – Congratulations Flexo! Best wishes for success!

Reply to this comment

avatar 13 Anonymous

Huge congrats on going out on your own. This is definitely my dream, but I’m still a couple of years away.

Reply to this comment

avatar 14 Anonymous

Congrats on the resignation Flexo, always great to hear of another blogger being able to break through the constraints of the 9 to 5.

Reply to this comment

avatar 15 Anonymous

Congrats! That takes great courage to quit after almost 10 years at the same firm! Will you be writing some posts on how to resign strategically, and what happens with health insurance, benefits, and how to negotiate an exit package and all that kinda good stuff?

I’ve got lots of questions to ask and would love to read some insights such as:

* How do you decide when to call it quits?
* Do you have a particular side income cross over point that gives you comfort to go?
* What would your ideal job be?
* What about year end bonus? How do you decide when to leave within the year?

and much more!

Reply to this comment

avatar 16 Anonymous

I know that this has to be exciting for you but are you second guessing your choice at all? Will your income cover everything including long/short terms disability health insurance, retirement, and self employment taxes? How big of a nest egg do you recommend?

I think a few posts are in order. We’re all curious!

Reply to this comment

avatar 17 Anonymous

Congratulations! I’m glad you were finally able to move to working on Consumerism Commentary and other endeavors full-time. I know that you’ve been talking about this move for almost as long as I can remember reading your blog.

Reply to this comment

avatar 18 Anonymous


Reply to this comment

avatar 19 Anonymous

Way to Go! I think you took the smart approach. One way is to quit first so you HAVE to make it work, the other way is to make enough to feel comfortable and then quit.

Of course, both ways can work but your route was less risky. Quite appropriate for someone who is chief CFO of their finances :)

Reply to this comment

avatar 20 Anonymous

That’s terrific news, Flexo – I’m sure like many other bloggers that I can wish you a hearty congratulations… and hope I’ll be able to do the same someday!

Reply to this comment

avatar 21 Anonymous

Congrats Flexo. I’m glad to here that you will be able to live your dream: doing the things that you love and making money at the same time!

Reply to this comment

avatar 22 Anonymous

That is absolutely awesome! Your sense is probably why you have done so well consistently over these years. I gave up my job when I wasn’t even earning 1/3rd of what I needed online and although it worked out it was shaky for a while.

I know working ft here this site will go even further than you can imagine.

Thanks for linking my post. I have really been thinking about this. I am not surprised they found the organism as they have theorized it for years and years. Just like I won’t be surprised when the press announcement comes that they found life elsewhere and i’ll even be un-surprised if it’s surviving in a way we never bargained for….. After all everything we think is real could not be. The best thing for this to me is that it brings an aspect to the general public that it’s time to throw your beliefs out of the window and be prepared that anything you know can change at any moment. Life is lived best when you embrace this.

Reply to this comment

avatar 23 Anonymous

Congrats dude! you are my hero…. as unrealistic as it sounds, this is my one year goal. I recently posted about it on my site. Excited to see what the future brings for you!

Reply to this comment

avatar 24 Anonymous

Congratulations and all the best!

Reply to this comment

avatar 25 Luke Landes

Thanks for all the encouragement! I do intend to write more about my plans insofar as they pertain to personal finance. I don’t particularly like writing about the process of writing, and that’s not really the focus of this website, but when writing intersects with personal finance I will most definitely share.

Reply to this comment

avatar 26 Anonymous

Wow the time has finally come! Congrats man. You deserve. I look forward to seeing what you come up with next here on CC.

Reply to this comment

avatar 27 Anonymous

Best of luck to you man!

Reply to this comment

avatar 28 TakeitEZ

Congrats! I am looking forward to you dedicating more time to this blog and making it better than it already is!

Reply to this comment

avatar 29 The Latter-day Saver
avatar 30 Anonymous

Congrats Flexo! Don’t be afraid; only good things will be coming of this :)

Reply to this comment

avatar 31 Anonymous

Flexo, congratulations! You’re an inspiration to me as I start to earn more.

Reply to this comment

avatar 32 Anonymous

Congrats… Looking forward and never looking back. Are you going to change your name from Flexo to your real name? :-)

Reply to this comment

avatar 33 Anonymous

Just now getting to this in my google reader (I’m a bit behind ;) ). Anyways, wow, CONGRATS! That is great! Looking forward to hearing more from you and seeing how your site progresses. Best of luck!

Reply to this comment

avatar 34 Luke Landes

Thanks, Amber!

Reply to this comment

avatar 35 Anonymous

Just saw the post about resigning – congrats on the big move – I know you’ve been talking about it for a while, and it’s something many of us smaller bloggers dream about! :) Live the dream my friend, live the dream.

Reply to this comment

avatar 36 Luke Landes

Thanks for your comments and your help throughout the past few years!

Reply to this comment

avatar 37 Anonymous

Awesome, Flexo! One of these days I hope to be able to be in a position to do the same thing too. I may have to wait until the kids are out of the house though.

In my next life I’ll definitely start my blog first, then get married and have kids. ;-)

All the best,

Len Penzo dot Com

Reply to this comment

avatar 38 Luke Landes

I can’t imagine how I’d manage to do what I have done (spending almost all of my time either with day-job or Consumerism Commentary) if I had a wife and kids.

Reply to this comment

avatar 39 Anonymous

Congrats, Flexo. I’m sure this is the right move for you. Now you can use the additional time to get caught up and create some new creative goals! :)

Reply to this comment

avatar 40 Luke Landes

I may never get caught up, but this is a start. At least I can do things that I’ve had to push to the side recently.

Reply to this comment

avatar 41 Anonymous

I know you are going to do great! It’s an exciting transition, but you certainly have done the groundwork to make it work out! Thanks so much for promoting my ipad article. (BTW, Apple is coming out with a new version next year. Maybe it will cost less) :)

Reply to this comment

avatar 42 4hendricks

Best wishes – pay your estimated taxes, and save for emergencies.

Reply to this comment

Leave a Comment

Note: Use your name or a unique handle, not the name of a website or business. No deep links or business URLs are allowed. Spam, including promotional linking to a company website, will be deleted. By submitting your comment you are agreeing to these terms and conditions.