Keeping it short: I have worked for over 15 years and found that happiness doesn't necessarily mean going up the ladder. I am content with my job, level, earnings, and if not the best, have enough savings with a net worth (family of 3) of around $1.8M, with nothing inhereted. I enjoy traveling, helping people get a smile, and living a stress free life. I Know and believe in my capabilities, and therefore wondering if I should take a semi retirement by pausing to "work for living" for 10-12 months, especially considering the market conditions, and then get back without bothering about the job level I'll get then. Has anyone done this before or planning to do, and care to share your thoughts? YOE 15 TC 380k
Take a short vacation. Start working less hard at work. These two would keep that salary coming in while you enjoy your life during vacation. Avoid 12 months gap. You generally don’t need it that long. It gets boring. BTW very nice post. Positive unlike many blind posts
Take a sabbatical if ur company will allow
Following, as I have similar thoughts on and off.
Haven't done it but know someone a bit older that took almost a year off to travel. They found a job within a couple of months of looking again (very niche work, so even less options than most here have). They don't have a family to support so that changes it up a little. But you seemed to have planned well and if your family is on board, I'd say go for it. Been working a few years longer than you, if I had comparable savings/nw I would do it. Life is so short, that hits you hard the older you get. If you can throw in some volunteer work, create a blog about your experiences, do some personal/career growth stuff, etc that wouldn't hurt to have to show when you jump back in. Gl either way!
Hmm I know agesim is an issue still, but if OP has solid skills and years of experience, unless we go through a huge .com bust in the next year or so, I really doubt he'd have a difficult time finding a decent position. There's a huge dearth of quality talent in the industry right now. Doubt that will change for quite some time.
How do you have 1.8 million? Amazon stocks? Smart investing ?
15 years. Doesn't take that long to figure out. I've been working for 2 years and have 100k saved
But u at google
How much of that 1.8 M is just a house vs. Liquid investments? You may well be in a position to just permanently retire if you want to, if you have solid investments.
The house conservatively have an earned value of not more than 350k and is highly liquidable due to location.
OP, do it. I'm not only having similar thoughts, but I plan to do this as well. You only live once. I have no idea why more people don't do this. Our TC is more than enough to not have to work into your 40s and beyond
Good for you!