Author Topic: Mini Retirement?  (Read 931 times)

teltic

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Mini Retirement?
« on: May 04, 2018, 10:42:04 AM »
Hello!

I've been in a little bit of a rut lately regarding work... My passion is fading (or maybe corporate finance just gets old), and  have casually tossed around the idea of a 3-6 month break.

Current Salary: $65k.  My friend just scored a job with a competitor for $85k, which makes me believe I can do the same next summer (I'll then have the same work xp he has right now).

Current Net worth: $200k (I can afford to not work for a bit, although I'm worried of taking a break will burn too much cash).

Has anyone purposely taken a 3-6 month break from work?  Mini retirement?  I don't even know what I'd do during this break... But it may be nice to refresh, and maybe take a peak at jumping to a different career (I've toyed around with the idea of computer science...)

Any advice is greatly appreciated. I wouldn't make this move until summer 2019 (work is paying my 1 year lease in San Diego for a temp job here, and my $10k tuition reimbursement ends then... and 401k will be fully vested then).

THANK YOU :)

life_travel

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Re: Mini Retirement?
« Reply #1 on: May 04, 2018, 04:41:39 PM »
You don't mention a partner so I assume you re single . My husband and me had a couple of shorter breaks over the years but it was possible as we had another person's wage coming in .
In saying that we had no stache.
It also depends on your age , the older you are ( 50 plus) the harder it gets to find another job after a break .
If you are very young , I would wait until you have a few years experience .

Otherwise if you budget correctly and it won't affect your overall FIRE plans , why not ?
However you need to plan what you are trying to achieve from your break ?
Lastly and most importantly ( to me anyway) , can you change your life right now to NOT be in a rut ?
Try different activities , develop new hobbies , and basically prioritise life outside of work ?

teltic

  • Bristles
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Re: Mini Retirement?
« Reply #2 on: May 04, 2018, 08:45:18 PM »
Thanks for the response!  I'm 27 years old, and single.  :)

I'm a little worried having a 6 month gap in my resume will make it harder when going for a new job.



I honestly am not sure what I"m trying to achieve with this 6 month break...  I'm just a little burned out from work, and thought having a long break would be refreshing... Maybe the quick term solution is to simply take a week off of work!

limeandpepper

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Re: Mini Retirement?
« Reply #3 on: May 05, 2018, 12:12:59 AM »
You may find this thread an interesting read: https://forum.mrmoneymustache.com/post-fire/early-retirement-vs-serial-mini-retirements/

I've twice gone off to travel, for about 5 months each time, by the time I come back and get another job it usually works out to be a 6+ month break. I'm not ambitious and don't care much about career trajectory, so for me I'm happy to just work at whatever job that I don't mind doing for the money, go off for a while, rinse and repeat.