I am in industry and completely burnt out. Dont have anything lined up but cant take it anymore and thinking of resigning. Any bros here who have been in a similar situation who would care to share their perspective ?
Quitting your job....
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Alright, my suggestion is to resign immediately and book a flight to Southeast Asia. Travel for the next 12 months minimum, spending most of your time in lower cost places like Vietnam, Thailand, and the Philippines, but also take side trips to Korea, China, and Japan. Rent a furnished apartment for 1-3 months at a time as a base for your travels. Invest your $1.5mn in a balanced fund and plan to spend about $2K/month, which should be less than the dividends and interest you receive. Visit the US, but do not spend more than 30 days per year there, or else you could be forced to buy health insurance due to Obamacare. Cultivate some longer term interests, hobbies that you have put on the backburner while slaving away to buy this time. While overseas, convert at least $15K/year from your 401K to a Roth. You have no reason to work another day in your life.
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Bro I so want to do this, but scared of pulling the trigger. I am also concerned with the social stigma of being unemployed.
Alright, my suggestion is to resign immediately and book a flight to Southeast Asia. Travel for the next 12 months minimum, spending most of your time in lower cost places like Vietnam, Thailand, and the Philippines, but also take side trips to Korea, China, and Japan. Rent a furnished apartment for 1-3 months at a time as a base for your travels. Invest your $1.5mn in a balanced fund and plan to spend about $2K/month, which should be less than the dividends and interest you receive. Visit the US, but do not spend more than 30 days per year there, or else you could be forced to buy health insurance due to Obamacare. Cultivate some longer term interests, hobbies that you have put on the backburner while slaving away to buy this time. While overseas, convert at least $15K/year from your 401K to a Roth. You have no reason to work another day in your life.
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i would not quit for a life time, but maybe you can take a year off? this person has some good advice.
if you are not looking for a job, you are not considered as unemployed. so forget about the stigma.
Alright, my suggestion is to resign immediately and book a flight to Southeast Asia. Travel for the next 12 months minimum, spending most of your time in lower cost places like Vietnam, Thailand, and the Philippines, but also take side trips to Korea, China, and Japan. Rent a furnished apartment for 1-3 months at a time as a base for your travels. Invest your $1.5mn in a balanced fund and plan to spend about $2K/month, which should be less than the dividends and interest you receive. Visit the US, but do not spend more than 30 days per year there, or else you could be forced to buy health insurance due to Obamacare. Cultivate some longer term interests, hobbies that you have put on the backburner while slaving away to buy this time. While overseas, convert at least $15K/year from your 401K to a Roth. You have no reason to work another day in your life.
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A good friend of mine did that recently. Couldnt stand the job, the workplace, it was having negative health effects on them, -- so just resigned without anything lined up. I applaud and salute the courage but not sure it was a good idea. Was on UI for about a year looking for work. Than the UI ran out and still looking for work. The economy is tough out there.
I am in industry and completely burnt out. Dont have anything lined up but cant take it anymore and thinking of resigning. Any bros here who have been in a similar situation who would care to share their perspective ?
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Thank you for pointing out the nuance i failed to articulate. Difficult to take just an year off. There is oversupply in the industry i work in and once you are out, it is difficult to get back in. Several of my former colleagues are still unemployed, several years after having been laid off.
i would not quit for a life time, but maybe you can take a year off? this person has some good advice.
if you are not looking for a job, you are not considered as unemployed. so forget about the stigma.
Alright, my suggestion is to resign immediately and book a flight to Southeast Asia. Travel for the next 12 months minimum, spending most of your time in lower cost places like Vietnam, Thailand, and the Philippines, but also take side trips to Korea, China, and Japan. Rent a furnished apartment for 1-3 months at a time as a base for your travels. Invest your $1.5mn in a balanced fund and plan to spend about $2K/month, which should be less than the dividends and interest you receive. Visit the US, but do not spend more than 30 days per year there, or else you could be forced to buy health insurance due to Obamacare. Cultivate some longer term interests, hobbies that you have put on the backburner while slaving away to buy this time. While overseas, convert at least $15K/year from your 401K to a Roth. You have no reason to work another day in your life. -
A good friend of mine did that recently. Couldnt stand the job, the workplace, it was having negative health effects on them, -- so just resigned without anything lined up. I applaud and salute the courage but not sure it was a good idea. Was on UI for about a year looking for work.
How'd he get UI after resigning?
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Not sure. I don't live with them so I dont know all the personal details. But I think you can ask to be laid off.
A good friend of mine did that recently. Couldnt stand the job, the workplace, it was having negative health effects on them, -- so just resigned without anything lined up. I applaud and salute the courage but not sure it was a good idea. Was on UI for about a year looking for work.
How'd he get UI after resigning? -
Bro I so want to do this, but scared of pulling the trigger. I am also concerned with the social stigma of being unemployed.
Don't worry about the social stigma, you'll get over that pretty quickly when you wake up without an alarm and smile as you realize you don't even know what day of the week it is. Your bigger problem will be isolation, and for that I recommend something social like taking language classes.
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I know a few people who have done this. It works out for everyone. Layoffs are far too common and management needs a fixed number of bodies. No manager likes to deliver bad news, so any volunteers are usually accommodated.
Not sure. I don't live with them so I dont know all the personal details. But I think you can ask to be laid off.
A good friend of mine did that recently. Couldnt stand the job, the workplace, it was having negative health effects on them, -- so just resigned without anything lined up. I applaud and salute the courage but not sure it was a good idea. Was on UI for about a year looking for work.
How'd he get UI after resigning? -
It is my understanding that employers like/prefer to hire other employed people for the good jobs out there. Once you are unemployed you fall into a different bucket list. If its all gotten to you, just hide out in your office and apply for jobs all day and find another. Leave "retirement" for when you are old and retired!
I know a few people who have done this. It works out for everyone. Layoffs are far too common and management needs a fixed number of bodies. No manager likes to deliver bad news, so any volunteers are usually accommodated.
Not sure. I don't live with them so I dont know all the personal details. But I think you can ask to be laid off.
A good friend of mine did that recently. Couldnt stand the job, the workplace, it was having negative health effects on them, -- so just resigned without anything lined up. I applaud and salute the courage but not sure it was a good idea. Was on UI for about a year looking for work.
How'd he get UI after resigning?