You should have atleast a year of living expenses saved before even considering leaving a job.
This!
if you can build a business while working a job to the point that the income is 50% of your job income, then jump on in too.
This even more! I didn't leave my job until all of my expenses were covered. Actually, my first goal with FoxyCart was to allow my wife to stay at home and raise our family. The year she quit, FoxyCart's income increased just enough that by the end of the year things actually balanced out financially. It was a huge a accomplishment for us.
Luke, you are in a rare minority that took the practical path and did it successfully. I took the first part of that path, but unfortunately the business never did better than just getting by so I moved on after many years. I wanted more. My interest and passion in several different businesses doesn't help either...lol.
I plan to watch the video in your earlier post after work. Speaking of...back to work!
Thanks! As you said, 90% of businesses fail. I recognize and appreciate the great luck I've had. I've also worked hard to make that luck. :)