How I Make My Money: Business owner earning £30k on why he quit his old £120k job

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Chris Bone lives in a village near the Lake District and runs an adventure business after tiring of working in the financial sector

By the time he was 29, Chris became the youngest director in the bank he was working for at the time This week we speak to Chris Bone, 40, who lives in a village near the Lake District National Park. He owns a three-bedroom flat and has two lodgers. Chris quit his job in finance earning six-figure sums a year to launch his own adventure business in the countryside. With his salary from Adventure Solos and income from lodgers, he’s now making about £30,000 a year.

My first job in finance was a graduate position. About 12,000 people applied and there were seven interview stages. Only 10 people were given jobs, and I was one of them, with a starting salary of £25,000 a year in 2005. I’d often work long hours, including at nights and weekends. By the time I was 29, I became, I believe, the youngest director in the bank I was working for at the time. It was at this point, however, that I started to realise I was a little fed-up. I just wasn’t sure why. I wasn’t sure if it was me, the company I worked for, or the industry as a whole.I also felt I had less in common with some of my colleagues. My idea of a good weekend was leaving the city for a little adventure in the countryside somewhere.

Now, Adventure Solos is back up and running and growing by the day. My income from the business is relatively modest and quite a bit lower than the average UK salary. I take a salary of about £14,500 from the business at present. At the moment, I live a similar lifestyle to what I did when I was earning multiple amounts of what I do now. As a society, I think we’re set up to always want more, to always be chasing another promotion and pay rise, to always be upgrading the fancy car that’s on finance. I see it as a bit of an unfulfilling loop.

 

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