Ask HN: Quitting with no side income but a lot of savings?
I want to just quit when my stocks vest in a few months and take a real break - traveling, learning a new (non-programming) language, seeing family and friends, getting back into my hobbies, and reflecting on what I really want to do in life. I’ll be turning 27 soon, have enough savings to last a few years, no debts, and no family/dependents. It seems like this might be the last time I can take a risk like this before I have any real responsibilities to worry about. After a nice long summer vacation my plan is to work on my skills/portfolio for a year or two and try to get enough freelancing work so that I don’t need to get another job. I figure I can always start interviewing again if my funds start running low, but I’m also not above driving for Uber or something if I need more money/time to get something going. Maybe I’ll decide I don’t even want to be a developer anymore and do something else entirely.
The few people I’ve told about this plan have been supportive and think its reasonable. I’m mostly really excited about it too, but sometimes I can’t help but think I’m about to make the dumbest decision ever. Not really sure what I’m looking to get out of posting this other than helping to clarify my thoughts writing about it. If anyone has gone through something similar I’d love to hear about what you did and how it worked out for you.
If anyone questions why you would want to take time off to live your life, perhaps it's not a place you want to work anyways :)
I do not know the future, but what i was certain is that i didn't want to see myself in the future doing what i was doing "now". So change was inevitable for me.
If you feel, you need a break - you just need a break. Noone, but you can know when the time is right. Instead of wasting your precious time, just go with what you want to do. Take massive determined action. Let go, and find what you want from life.
In your position, you can take this decision easily. Set a timeline and commit to it, else you are bound to move around without any direction. Give yourself 6 months, and do some soul searching. When you set a timeframe, you create a constraint and your mind becomes active to find all means to move you into a position you want to be in.
If you do not have dependents, all the more better. Find real friends, talk to real people ( not online, meet in person ).
Make connections, feel alive, do something you have been dreaming of but put it off, exercise and feel better.
Good luck to you, and let us know how it turns out for you :-)
EDIT : i have done this twice, first was a short break ~ 3 months.
Follow your heart :)
I've done it (twice), it's worth it, do it.
A few things you need to know though:
- Time goes fast, keep track of your money and start working again _before_ you run out. Best is actually to define a budget for this.
- After 4-6 months of resting and travelling, it will have become the new normal, you'll be well rested and ready for something new.
- Once you hit that point, make sure you have clearly defined goals as to what you want to achieve with the available time you have. Without those, time will pass and you'll probably have little to show for it (except a good time)
Enjoy !
Then I look at the very worst possible outcome and judge how bad it is.
It's never "dead." It's rarely "unemployable." It's often "basically the same, with less cash in the bank."
Making this list makes the decision easy.
Sorry for the off-topic (but I did really love your answer. :))
- the job market is horrible in 2017, too many people are applying and the competition is crazy. Especially if you've been unemployed for a little while it'll be a red flag.
- make sure to include annual expenses in your budget when you look at your savings as your only source of income. Taxes, registrations, potential health issues, unexpected bills, etc.
- taking a break is amazing, being unemployed after your break is very stressful and can sometimes be humiliating. No one will take you seriously, unless you've spent your time trying to build a company or things like that.
- make sure your professional network is very strong because you'll need referrals to get back on a W2. It's that bad right now...
This is obviously super personal in regards to tech/location.
It's not all doom and gloom.