How much money do I need to quit my W2 job?

The standard FIRE rule is 25x your annual expenses. If you spend $50,000/year, you need $1.25M invested. But many people quit earlier by building side income that covers their base expenses — you don't need full FIRE to leave.

What's the safest way to transition out of W2 employment?

Build a side income stream that covers at least 50-75% of your monthly expenses before quitting. Keep 6 months of emergency savings, secure your own health insurance, and have at least one proven revenue channel outside your job.

Is it better to go 1099 or start an LLC?

An LLC taxed as an S-Corp typically saves 15.3% in self-employment taxes once you earn over ~$40K in net profit. Start as a sole proprietor/1099, then form an LLC when revenue justifies the filing costs.

Articles & Guides | Quit The W2

FIRE Planning

How Much Money Do You Really Need to Quit Your W2 Job?

Calculate exactly how much savings and side income you need to safely quit your W2 job. Real math, FIRE formulas, and a step-by-step framewo...

10 min read • 2,400 words

Tax Strategy

W2 vs 1099: The Real Tax Math Nobody Shows You

Side-by-side W2 vs 1099 tax comparison with real numbers. See exactly how self-employment tax, deductions, and take-home pay actually compar...

9 min read • 2,200 words

FIRE Planning

FIRE Number by State: Location Changes Everything

FIRE number calculations adjusted by state cost of living. See how much you need to retire early in all 50 states with real expense breakdow...

11 min read • 2,600 words

Tax Strategy

How Side Income Is Actually Taxed: A Complete Guide

Learn exactly how side income is taxed, when to pay quarterly estimates, what you can deduct, and how to avoid IRS penalties. Real examples ...

9 min read • 2,100 words

Side Income

How to Earn Your First $1,000 Outside Your W2 Job

Practical strategies to earn your first $1,000 in side income while still employed. Real timelines, proven methods, and step-by-step action ...

8 min read • 2,000 words