Hello All,
So due to various circumstances (not finding work enjoyable or fulfilling, no balance at 120 hrs/week, stressful relationships etc.) I have been on the path to cut my career short and modifying my goals.
I am 27, and my accelerated goal was to hit $400K net worth before I would call it quits, then after a break I would pick up random fun jobs here and there just to cover basic expenses and let my main capital grow.
I ended up hitting $425,000, and I let me bosses know that I wouldn't be opposed to a layoff or even just being let go. They responded by saying that they really want me to do this upcoming project for them which would go from March to December. I wasn't expecting that, and now contemplating it. Having a hard time deciding and they want a response in <2 weeks.
This would be a decently good project (still has it's stressful aspects though) and that would bring me to over $500,000. But it would mean yet another year of my life that I would be giving up and missing out on everything.
I figure I can live happily at just under $25,000/yr expenses in the city (Toronto). With $425,000 I figure would need to make at least $10,000-$20,000 supplemental income per year to allow the initial capital to grow slowly over time.
But at $500,000, that would improve the situation, not tremendously, but enough to be significant perhaps?
My family says I should do the extra year. Friends say continuing to miss out on everything is not worth it. I suspect my family's point of view is influenced by the fact that we grew up quite poor.
I am torn and seeking advice, thank you
So due to various circumstances (not finding work enjoyable or fulfilling, no balance at 120 hrs/week, stressful relationships etc.) I have been on the path to cut my career short and modifying my goals.
I am 27, and my accelerated goal was to hit $400K net worth before I would call it quits, then after a break I would pick up random fun jobs here and there just to cover basic expenses and let my main capital grow.
I ended up hitting $425,000, and I let me bosses know that I wouldn't be opposed to a layoff or even just being let go. They responded by saying that they really want me to do this upcoming project for them which would go from March to December. I wasn't expecting that, and now contemplating it. Having a hard time deciding and they want a response in <2 weeks.
This would be a decently good project (still has it's stressful aspects though) and that would bring me to over $500,000. But it would mean yet another year of my life that I would be giving up and missing out on everything.
I figure I can live happily at just under $25,000/yr expenses in the city (Toronto). With $425,000 I figure would need to make at least $10,000-$20,000 supplemental income per year to allow the initial capital to grow slowly over time.
But at $500,000, that would improve the situation, not tremendously, but enough to be significant perhaps?
My family says I should do the extra year. Friends say continuing to miss out on everything is not worth it. I suspect my family's point of view is influenced by the fact that we grew up quite poor.
I am torn and seeking advice, thank you
Last edited: