7 ms·

I quit just last week. Saved up 10 years worth of salaries. Currently on the doing nothing stage. Doing more sports, running/cycling everyday, taking my time to

I quit just last week. Saved up 10 years worth of salaries. Currently on the doing nothing stage. Doing more sports, running/cycling everyday, taking my time to cook, more time for kids, so far so good, i have no plans for the future, whatever happens happens. Previously i was working 15 hours a day, i did like my job but was impacting my health severely.

f0e4c2f7 5y ago
May I suggest that if there is a book you've always wanted to read now might be a time you could really enjoy it!
orangepanda 5y ago
Surely there's a balance between working 15 hours a day to save 10 years of salary versus doing nothing?
- echelon 5y ago
  Perhaps it was for a startup that had a substantial exit? You could save up 10 years of salary in just a few. But the demands for those few years could be really steep.
Quindecillion 5y ago
What job do you like doing 15 hours a day? Genuinely curious...
- deleted 5y ago
  [deleted]
- jagger27 5y ago
  Maybe some sort of artist? I’m sure there’s someone out there who likes to live like that.
yetihehe 5y ago
> I quit just last week. Saved up 10 years worth of salaries. "Having 10 years worth of salaries" is almost on the opposite side of spectrum than "without anything planned".
- MichaelBurge 5y ago
  Money isn't the same thing as a plan. If anything, it's the exact opposite: You have the freedom to do many things, so there's more uncertainty than someone with less money.
  - yetihehe 5y ago
    Such differences can be called "academic", useful if you don't have a plan, not really useful for people without money. If you have money, you don't really need a plan, so whole discussion is then moot.
    - puszczyk 5y ago
      Tell it to yahoo. Money is obviously a great help, and saving money aside is a great hedge against future risks (so you can call it a plan). I think that the OP had no “career” plan in mind. You can burn through all the money in the world if you are not careful. But again, having money helps immensely whether you have a plan or not. If possible do put some aside for future emergencies or crises.
    - robocat 5y ago
      That comes across to me as being thoughtlessly dismissive. Money helps, but there are a huge number of other factors that are just as important. That is demonstrated by the number of answers here by people that quit without having money, and the variety of stories and outcomes. I quit my job a few years back, and I believe I have the financial runway to do so, but I am still unsure if it was a good idea. Not working is weird because most of my peer group works. I have found there are social costs to not working. I find that not working has other significant issues, even though I have had plenty of chance to learn mitigations (I have had multiple job sabbaticals in my life e.g. travelling when I had little money). I would be happy to work again, if it were a job that invigorated me rather than slowly killing me. Our time is our most valuable asset, and every second our remaining balance diminishes. There is a certain amount of mystical or wishful thinking while working, about quitting work and relaxing or refocusing for a while. I have found reality turns out to be more mundane. It is still my ongoing choice not to work, but the consequences of that decision are not quite so clear cut.
ridaj 5y ago
Practical question: if you're in the US, how do you deal with health insurance?
- paulgb 5y ago
  I'm not OP but when I quit my job earlier this year I went with a plan from the healthcare marketplace. It's not cheap, but that's the reality of US health care. COBRA is also an option for a limited amount of time after leaving.
- popotamonga 5y ago
  Not on US, top top insurance here costs 100€ month
  - throwaway2037 5y ago
    Where is that?
- mxuribe 5y ago
  The cost of healthcare in the U.S. is the only reason that I don't take (often higher per hour paying) contract roles. Also, i'm a great wingman for sales but not great as sales lead or generating sales, else I'd have gone into business for myself. (And, no, skipping health insurance is not an option at all for me.)
  - mgkimsal 5y ago
    I understood that mentality, somewhat, in the past, but what is preventing you from purchasing a plan under ACA?
    - corysama 5y ago
      That's what I did when I took a couple years off. If you think of health insurance as disaster coverage, the "cheap" ACA coverage has a better worse case than the premo platinum offerings. Under https://www.coveredca.com/health/coverage-levels/bronze/hdhp/ https://www.coveredca.com/health/coverage-levels/bronze/hdhp... coverage for an individual 40 year old making $150K/year will cost you $6k/year with an out-of-pocket max of $7K/year. Not great on either end. But, not disaster either. But, if your income is $30K/year, the cost drops to $0.0 to $1200 per year.
turnsout 5y ago
I think that's called retirement?

f0e4c2f7 5y ago

May I suggest that if there is a book you've always wanted to read now might be a time you could really enjoy it!

orangepanda 5y ago

Surely there's a balance between working 15 hours a day to save 10 years of salary versus doing nothing?

echelon 5y ago
Perhaps it was for a startup that had a substantial exit? You could save up 10 years of salary in just a few. But the demands for those few years could be really steep.

Quindecillion 5y ago

What job do you like doing 15 hours a day? Genuinely curious...

deleted 5y ago
[deleted]
jagger27 5y ago
Maybe some sort of artist? I’m sure there’s someone out there who likes to live like that.

yetihehe 5y ago

> I quit just last week. Saved up 10 years worth of salaries. "Having 10 years worth of salaries" is almost on the opposite side of spectrum than "without anything planned".

MichaelBurge 5y ago
Money isn't the same thing as a plan. If anything, it's the exact opposite: You have the freedom to do many things, so there's more uncertainty than someone with less money.
- yetihehe 5y ago
  Such differences can be called "academic", useful if you don't have a plan, not really useful for people without money. If you have money, you don't really need a plan, so whole discussion is then moot.
  - puszczyk 5y ago
    Tell it to yahoo. Money is obviously a great help, and saving money aside is a great hedge against future risks (so you can call it a plan). I think that the OP had no “career” plan in mind. You can burn through all the money in the world if you are not careful. But again, having money helps immensely whether you have a plan or not. If possible do put some aside for future emergencies or crises.
  - robocat 5y ago
    That comes across to me as being thoughtlessly dismissive. Money helps, but there are a huge number of other factors that are just as important. That is demonstrated by the number of answers here by people that quit without having money, and the variety of stories and outcomes. I quit my job a few years back, and I believe I have the financial runway to do so, but I am still unsure if it was a good idea. Not working is weird because most of my peer group works. I have found there are social costs to not working. I find that not working has other significant issues, even though I have had plenty of chance to learn mitigations (I have had multiple job sabbaticals in my life e.g. travelling when I had little money). I would be happy to work again, if it were a job that invigorated me rather than slowly killing me. Our time is our most valuable asset, and every second our remaining balance diminishes. There is a certain amount of mystical or wishful thinking while working, about quitting work and relaxing or refocusing for a while. I have found reality turns out to be more mundane. It is still my ongoing choice not to work, but the consequences of that decision are not quite so clear cut.

ridaj 5y ago

Practical question: if you're in the US, how do you deal with health insurance?

paulgb 5y ago
I'm not OP but when I quit my job earlier this year I went with a plan from the healthcare marketplace. It's not cheap, but that's the reality of US health care. COBRA is also an option for a limited amount of time after leaving.
popotamonga 5y ago
Not on US, top top insurance here costs 100€ month
- throwaway2037 5y ago
  Where is that?
mxuribe 5y ago
The cost of healthcare in the U.S. is the only reason that I don't take (often higher per hour paying) contract roles. Also, i'm a great wingman for sales but not great as sales lead or generating sales, else I'd have gone into business for myself. (And, no, skipping health insurance is not an option at all for me.)
- mgkimsal 5y ago
  I understood that mentality, somewhat, in the past, but what is preventing you from purchasing a plan under ACA?
  - corysama 5y ago
    That's what I did when I took a couple years off. If you think of health insurance as disaster coverage, the "cheap" ACA coverage has a better worse case than the premo platinum offerings. Under https://www.coveredca.com/health/coverage-levels/bronze/hdhp/ https://www.coveredca.com/health/coverage-levels/bronze/hdhp... coverage for an individual 40 year old making $150K/year will cost you $6k/year with an out-of-pocket max of $7K/year. Not great on either end. But, not disaster either. But, if your income is $30K/year, the cost drops to $0.0 to $1200 per year.

turnsout 5y ago

I think that's called retirement?