I want to quit my job cause of terrible company decisions, but is it smart?

[AGentelmansTheory]

Ok so I work for a Spectrum Retail store we make an hourly wage plus commission. Recently they’ve implemented a commission plan that’s terrible and makes it nearly impossible to make any extra money from commission. I used to love my job but now it’s horrible cause that extra money is gone cause the new commission sucks and I’ve lost an extra 1500 a month. I went from 4K a month to only 2500-3000 a month. I’ve been there 3 years and I have about 10000 saved up in my retirement savings and 401k I wanna just cash that out and pay my rent up a few months and car note up as well and just focus on other things while I try and find a new job. But I don’t know if it’s the smartest decision

[SteveSmith1985]

I would say it's not the smartest decision. It's not a fatally dumb decision or anything. It's just not the smartest. It sorta depends on where you're at, and how you, personally think. It seems like the kind of "risk" that someone with 10000 in savings. The savings make me think you're a fairly pragmatic guy. You plan for the future, save for a rainy day etc.

This would be sorta like... going to gambling and blowing a huge chunk of that savings on a wild weekend. Just saying "you know what? Fuck it, it'll be fine" and just kinda making a decision to do something at the moment, at the expense of your future.

I get why you want to quit your job. Anyone would be pissed-off with a pay-cut like that. I get that part completely. But you really do need to find that other job first. That would be the "wise" thing to do. That would be the "smartest" way to handle this.

I just think that it would be a shame to dig into your savings just to exist... while looking for a job. It depends a lot on what the "other things" are that you're hoping to focus on. If you've got some specific things you're hoping to do, or try or whatever... then maybe it's worth it. If there's some specific thing you're hoping to do like:

"shit, I'll never be that saxaphone star I've always wanted to be... if I don't start actually playing in front of crowds"

Then sure dude, take some time to focus on your dream of making it big on the saxaphone and book some gigs at the local jazz spot or whaterverthefuck. If it's a sitution of "this is really the only time in my life I'll ever get the chance to...(blank)." Then it might be worth it.

Otherwise, it just sounds like basically paying for the shittiest vacation ever. Just chilling/job searching.

It might not end up being a big deal. Maybe you find something good in a couple of weeks. You don't end up dipping too hard into the savings, and... you get a nice little break. No harm, no foul.

But the problem is you don't know it'll only be a couple of weeks... or that you won't end up having to take something that pays less than you're thinking (after being out of work for a bit) after spending half or all your savings.

I've had two experiences, personally, that are possibly affecting my view of this.

1. I made some really stupid financial decisions in my early twenties. With my eyes-wide-open about how stupid it was. I figured... that I'd figure it out later. The reprocussions of those decisions fucked me over for years and years (arguably their after-affects still haunt me). I really wish I had chosen not to do that. The circumstances were entirely different though.

2. I have had the experience of it being WAY fucking harder to find work than it should have been. That way a long time ago now (more than a decade), but I'm still totally scarred by that.

So leave your job. But the smart thing to do would be to start your job search while you're still working there. That is what I would recommend. 🙂

[JinRavage]

I would start looking at some other sales person jobs. There are plenty of sales jobs in automotive production facilities. I imagine their commissions are better than a service that self advertises base on limited access. No one buys spectrum because its good. Only because their area does not offer better.

[Anonymous]

if you used to make extra money and now can no longer make extra money, you basically are getting paid less. so find a new job. an extra 1500 a month is A LOT to lose...

also, do not cash out your 401k... that just dumb

[Anonymous]

It's understandable that you're feeling frustrated and considering quitting your job due to the changes in the commission plan. However, before making any major decisions, it's important to carefully consider the potential consequences.

Cashing out your retirement savings and 401k can have significant long-term effects on your financial stability and future retirement plans. It's important to weigh the short-term benefits of paying your rent and car note against the long-term consequences of losing your retirement savings.

It's also important to consider your job prospects and the current job market in your area. Before quitting your job, make sure you have a plan in place for finding a new job or alternative source of income. This may involve updating your resume, networking with colleagues and industry professionals, and researching job openings in your field.

Ultimately, the decision to quit your job and cash out your retirement savings should be carefully considered and based on your specific financial situation and goals. It may be helpful to consult with a financial advisor or career counselor to help you make an informed decision.

[Anonymous]

It's not the smartest decision. But I didn't even start my 401k till I was 25 and I have one now in the high 6 figures. So you are young enough to recover from it if this is the course of action you decide to take. But I would recommend this being your last resort. But I understand where you're coming from man. I left a job of 23 years. 2 years. Ago because it got to be too much b. s. and it was the best move I ever made so far.

Good luck!

[KrakenAttackin]

Find another job than give two-weeks notice at your current job.

[Anonymous]

Maybe.