Before quitting my day job, I asked myself three questions at the age of 35 and earning $11,400 a week in passive income.

For two years, Ryan Hogue's part-time jobs provided him with enough income to leave his full-time employment.

Hogue, a senior web developer at CharityEngine and an adjunct web development professor at George Mason University, earned more than $117,000 per year from those jobs. However, he began developing passive income businesses on the side in hopes of earning money for travel, fun, and his future family.

In 2019, as in 2018, those businesses out-earned his full-time income, which was nearly $135,600.

Despite his growing success, he remained employed because quitting felt uncomfortable. Hogue, 35, says that his parents' understanding of money was imposed on him, as they are savers and couldn't imagine not having a 9-to-5 job.

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In 2020, Hogue left his web development role after being asked to transition into a new role by CharityEngine. He saw it as a sign to take the leap and leave his adjunct teaching role after finishing the fall 2021 semester.

He could have done both earlier, he says: The more time you spend on building passive income streams, the more money you can earn.

"Hogue stated during the CNBC Make It's SXSW panel in March that although life was good, he was directly trading his time for money, which he knew wouldn't lead him to his desired destination. He admitted that by the time he left his day job, he was over a year behind schedule."

According to Make It, Hogue earns $11,400 per week in mostly passive income. He offers advice on whether to quit your full-time job for a side hustle or to stay put.

When to leave your 9-to-5 job

Hogue felt confident leaving his full-time jobs because he could confidently answer "yes" to these three questions, he claims.

• Does your side hustle have multiple streams of income?
• Does your side hustle make more dollars per day than your full-time job?
• Is your full-time job preventing you from growing your side hustle?

"Hogue advises waiting and holding onto your day job until it becomes clear that your side hustles are no longer hindering your growth."

Before embarking on a side gig, consider if you have the desire and financial stability to handle any obstacles that may arise.

According to Kristof, in order to endure an extended period of financial hardship, you must have a certain amount of savings or another source of economic support, such as a spouse with benefits and sufficient income, to sustain you during tough times.

Jamie Inlow found it tiring to build a side hustle while working full-time, and she was more passionate about one than the other.

For two and a half years, Inlow managed her roles as a higher education consultant and a part-time student program coordinator in Virginia while also running her side business, a property management company called Be Still Getaways.

She knew it was time to run Be Still Getaways full-time when she noticed she was starting to behave differently and realized she could afford to pay herself a salary of $72,000 per year.

Inlow admitted to Make It last year that she knew she was ready to quit her job when the demands of working full-time and working for Be Still Getaways were affecting her mental health and her ability to be present for her family.

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