Originally Posted by gladman
white collar 150K a year gig in some business development shit. The gist is he just didn't see the value in working... and he had a wife, 2 kids, mortgage and his life was more expensive than he thought.... and he didn't realize that when you aren't gone all day, people ask you to do shit, just life things that most people don't think twice about... but, he realized he couldnt just go down to MX and surf, his kid had basketball...
existing money is not usually the fear, it is the unknown money in the future...
I think he fundamentally does not think working is something 'smart' people should do... we drifted as friends because, well, I do. I think we are here to work and to get things done...
ahh, he was just selfish. the idea would be a year of fun with the family until theyre out of the house, then some really cool trips with the wife. even as welndmn mentioned take a few multiple month off trips. heck doing 2-4 months every 4-5 years would be a rad.
Originally Posted by rockota
10% a year would not be enough for the idea presented. Between inflation, taxes and “new services,” etc... would probably take at least 15%
assuming i make 50k a year, i save for 10 invested getting 6% (which id argue is low) i have 150% of a years income. if youre not an idiot, you income goes up, you save more, keep the lifestyle down, you have even more to have fun with. this sabbatical fund would be in addition to a normal 15% of retirement.
i am not talking about retiring early, as mentioned healthcare is a big unknown and will probably push the retirement age for a lot people past the current target age. the premise of the post is pushing retirement farther then the normal age, in exchange for extend periods of time off through a career.