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Is this sort of a lifestyle possible? You work hard and live well below your means for 3-5 years (preferably when the economy is booming) and then you quit and take a year or two off to travel the world (since no employer will give you the requisite vacation days to do that.)
Best time to take this sabatical is when the economy is in a recession and you've saved up quite a good chunk of cash (when not many employers want you anyways and costs are cheap.) Then you come back and work another 3-5 years.. rinse and repeat.
The biggest challenge here is finding a way to explain the gaps in your resume..
Anything is possible. Of course, we've done away with the unions and threw ourselves at the mercy of the corporate machine, so now we have 2 weeks vacation after one year of service while countries like Germany enjoy 3 months vacation. Prosperity!
Anyways, you could take a lengthy vacation, but you would need to partition a sizable chunk of change for the time off. Most folks lack the discipline for this. Many would rather satisfy their immediate urge to buy expensive things like nice cars, boats, small airplanes and second mcmansions, preferable one that is plated with gold.
One problem I could see is that of obligation to your employer. You would pretty much have to quit your job in order to enjoy such a lengthy break from the rat race. While you won't be paid, your employer would take issue with offering health insurance for a non productive employee. When you decide to go back to work, it might take some time to reach peak productivity again. If you weren't employed, it might be difficult to simply jump back into a job, as employers don't like to hire folks with lengthy gaps in employment.
I wish I could take lengthy breaks in the fashion you describe. Unfortunately, implementing such a plan has many practical pitfalls and risks. Sad to say, the majority of Americans are stuck working 40 hours a week with a few crumbs thrown their way in the way of vacation time. If we are lucky, we are overworked and undervacationed. If we are less fortunate, we have more time than most, but less money in which to enjoy it. Go America!
I'd say you have a better shot if you are working in high turn-over positions. Personally, for a position in which I want stability, I'd avoid hiring someone who is already planning to quit before they even start.
I'd say you have a better shot if you are working in high turn-over positions. Personally, for a position in which I want stability, I'd avoid hiring someone who is already planning to quit before they even start.
Lower level jobs have frequent turnover, higher level jobs do not, and since they bank on several months of work before an employee is up to speed, a 3 year tenure as the expected
norm means the employer is best off not hiring you.
Lower level jobs have frequent turnover, higher level jobs do not, and since they bank on several months of work before an employee is up to speed, a 3 year tenure as the expected
norm means the employer is best off not hiring you.
Turnover rate in my profession is extremely high. No one where I work has been with the company longer than 3 years except the lead man and one other worker. The lead man where I previously worked quit a total of 3 times in 7 years, returning each time after a year. Most people leave for more money. That's why they put wheels on tool boxes That's also why the wages are higher in the more 1st worldly states
Turnover rate in my profession is extremely high. No one where I work has been with the company longer than 3 years except the lead man and one other worker. The lead man where I previously worked quit a total of 3 times in 7 years, returning each time after a year. Most people leave for more money. That's why they put wheels on tool boxes That's also why the wages are higher in the more 1st worldly states
Blue collar tenure does tend to be lower. The OP has not indicated his line of work. That is a critical missing detail.
Blue collar tenure does tend to be lower. The OP has not indicated his line of work. That is a critical missing detail.
Finance.
The positions that require 60+ hours a week pay disproportionately higher salaries than the positions that require less work. But I highly doubt I csn sustain that workload for an entire career, while I'd be bored and unsatisfied with pay from a lower position.
So the initial plan is to make 100+K a year working 60-80 hours a week while spending money as if I only made about 30, 000 and saving the rest. Then I'd take a well deserved break every 3-5 years and go backpacking around the world or something.
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Lower level jobs have frequent turnover, higher level jobs do not, and since they bank on several months of work before an employee is up to speed, a 3 year tenure as the expected
