Aiming_4_55
Thinks s/he gets paid by the post
Here's my story on the job, semi-FI, life front. Considering risk and options.... residence & car paid off, just monthly bills.
Currently, I've been at my job for less than a year, making reasonable to good salary. J*b is ok but very stressful and demanding on my personal time. Also, my rentals are covering my barebone budget, so almost FI, really working to fund 100% of kids' college education, more ER travel funds, and sh!t happens events.
I was approached by a contract company, recruiting for a 12 month assignment that can turn into 18-24 months and/or maybe contract for hire. The assignment would be w-2 with benefits/vacation time paying 33% more than my current salary. The kicker... overtime would be paid, they see 5 hours per week, +16% of current salary. I'm currently working 10 - 15 hours per week for no additional pay.
If this assignment ends, I see enough opportunity in the marketplace that I can land a new gig in 1 - 2 months. Since it is w-2, I can probably obtain unemployment.
I've never worked on contract before. While the $$ is better, I see an improvement of life here as I'l have more time to be with family, etc.
Anyone have good or bad experiences with shifting from fulltime to contracting? I was thinking about doing this at age 50 to semi-ER so I'm 7 years early to my plan, but opportunity is presenting itself.
Decisions... decisions... what does the collective wise wisdom of the forum suggest?
Currently, I've been at my job for less than a year, making reasonable to good salary. J*b is ok but very stressful and demanding on my personal time. Also, my rentals are covering my barebone budget, so almost FI, really working to fund 100% of kids' college education, more ER travel funds, and sh!t happens events.
I was approached by a contract company, recruiting for a 12 month assignment that can turn into 18-24 months and/or maybe contract for hire. The assignment would be w-2 with benefits/vacation time paying 33% more than my current salary. The kicker... overtime would be paid, they see 5 hours per week, +16% of current salary. I'm currently working 10 - 15 hours per week for no additional pay.
If this assignment ends, I see enough opportunity in the marketplace that I can land a new gig in 1 - 2 months. Since it is w-2, I can probably obtain unemployment.
I've never worked on contract before. While the $$ is better, I see an improvement of life here as I'l have more time to be with family, etc.
Anyone have good or bad experiences with shifting from fulltime to contracting? I was thinking about doing this at age 50 to semi-ER so I'm 7 years early to my plan, but opportunity is presenting itself.
Decisions... decisions... what does the collective wise wisdom of the forum suggest?
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