- Joined
- 25 July 2010
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That’s all well and good but without being personal how big’s your mortgage and how many kids to suppoort?
For many, they’ll need the new employer to be pretty keen to make it work and that’s where things get difficult. Some will, many won’t.
I’m fortunate in that I can choose what I do and for whom with self employment as a fallback option but many are not so fortunate. They need that next pay and they need to keep some agreement regarding time of work or leave arrangements or whatever. That makes jumping ship a major exercise unless they can find a suitably agreeable employer who’ll bend the rules for a new employee in a run of the mill role. Some will, many won’t.
I'm 32, have no mortgage (don't own a house) but will be buying in cash quite soon, in Melbourne's inner east. Wife and 1 child to support.
I can go without a job for minimum ten years at this point, without a problem. I've put myself in a position where I've saved the majority of my income precisely so I'm not so dependent on my employer.
And anyone can do it. Mr money mustache is a great place to start, if you're interested.