Step 1: Pay off short term debt Before you can have extras to spend, you need to pay off your short term debt (e.g. credit cards, payday loans, etc). Spend less on eating out and the movies. Set aside the extras for debt repayment.

Step 2: Learn a skill With your debt cleared, you now have more money to learn something new. Is there something you've always wanted to do, but don't have the skills for? Enrol yourself in a part-time class, and acquire a skill at something you can utilize later. Read a variety of books and adopt some basic knowledge about the Internet.

Step 3: Start something part time You need to build another source of income, which does not take up more of your time. The problem here is that, you may not have enough savings to invest into a business. In this case, look for low investment businesses to work on - e.g. selling real estate, selling insurance, multi-level marketing, or freelance writing, or programming, etc

Step 4: Start an online business or put your business online Find out what sells online, and start an online business. You can even set up an online presence for your traditional part time business. If you'd like internet marketing, you can even sell your stuff on EBay, or launch your own website.

Step 5: Moonlight and build your business Before you can quit your job, you need to ensure that your online business generates an income that is comparable to your current paycheck. This means that you may need several months to several years of moonlighting before your business stabilizes. This is the time when you work hard, accumulate wealth, increase profits and plan for your freedom.

Step 6: Can you actually set your business to automatic? While selling online is exciting, many people hope to set their online businesses into automatic. The truth is, you get a wider audience reach through an online presence. You CAN also leave your website to run on automatic - as long as you are NOT depending on your website for a full time income. With things changing consistently and quickly online, you need to constantly update your website (if you are running a blog), source or produce new products (if you are selling products and services online), and consistently work on your search engine rankings and page ranks.

Step 7: Quit your job and concentrate full time Finally! With your online business or part time traditional business successfully able to pay your bills, you can finally quit your job. One of the good things of freedom is the flexibility to spend time on your dream. No doubt, you'd still have to work on your business, but you now have more time doing fun and fulfilling stuff for your life.

About the Author

Samantha Tang is the owner of What-sells-online.com, a site that helps aspiring internet marketers discover what to sell online. She shares her experiences, ideas and approaches towards online marketing, as well as tips and product reviews on products she feels has potential in the online market.