Search found 7 matches

by SkinnyTestaverde
Tue Oct 01, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 15741

Re: Willingly going from lucrative job to unemployed?

Everyone is assuming that I just want to get back in relatively soon, and that this is a temporary burnout. From my point of view instead, I think I might be really done with tech. I don't like it anymore, I don't like having to waste my life keeping up with a field that is insanely fast paced, I d...
by SkinnyTestaverde
Tue Oct 01, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 15741

Re: Willingly going from lucrative job to unemployed?

Why not take a long vacation or ask for a sabbatical first? Edit: Others beat me to the punch You'll have some time to clear your head, look at other opportunities, etc. Then, when you get back, you can decide what you'd like to do. Have you considered contracting? There are a lot of downsides (I am...
by SkinnyTestaverde
Tue Oct 01, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Temp Worker - How Much Emergency Fund Do I Need?
Replies: 18
Views: 1477

Re: Temp Worker - How Much Emergency Fund Do I Need?

You are running a service business and the service is, well, whatever it is you do. I don't think that labeling what is more or less expected periods of no income an "emergency" is all that useful. It is basically the standard. What you have is lumpy income, like a lot of small business owners. You...
by SkinnyTestaverde
Mon Sep 30, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Worker - How Much Emergency Fund Do I Need?
Replies: 18
Views: 1477

Re: Temp Worker - How Much Emergency Fund Do I Need?

OP, What is your asset allocation? Currently 70-30 consisting of the S&P 500 index and bonds, but the bonds involve credit risk as they are all in the Vanguard High Yield Fund. I purchased the fund as a 20-year-old right near the bottom in February 2009 and have held it in the Roth since. Sometimes...
by SkinnyTestaverde
Mon Sep 30, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Worker - How Much Emergency Fund Do I Need?
Replies: 18
Views: 1477

Re: Temp Worker - How Much Emergency Fund Do I Need?

1. Whats the pay difference between full-time and contract worker for your industry in your locale? What is your locale? How long have you been at this current job? Located in the NY metro area. Have been here for 1 year thus far. I'm not sure about the industry as a whole, but in my case, I'm earn...
by SkinnyTestaverde
Sun Sep 29, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Worker - How Much Emergency Fund Do I Need?
Replies: 18
Views: 1477

Re: Temp Worker - How Much Emergency Fund Do I Need?

Does anyone have any comments on this situation? I can't be the only contractor out there. Usually emergency funds are a much-discussed topic on Internet investing and personal finance forums! :D To summarize: $20k in high-yield savings, $10k in I-Bonds, $2k in checking, $75k in retirement accounts,...
by SkinnyTestaverde
Sat Sep 28, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Temp Worker - How Much Emergency Fund Do I Need?
Replies: 18
Views: 1477

Temp Worker - How Much Emergency Fund Do I Need?

Hi all, before I begin, I want to thank you all and the moderators for creating a great community here. My situation is this: I'm 31 years old, single, and currently employed in the financial services industry as a contractor. My contracts are quarterly and I believe I will be employed at least thro...