872
Micro-retirement (lemmy.ml)
submitted 1 year ago by to c/funny@sh.itjust.works
122 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] 13 points 1 year ago (3 children)

I mean almost anyone with a stem education is able to do this.

Before you say: "buh have you seen the job market?"

The point of the plan isn't to get stinking rich off of each 1-2 year stint, it's to make just enough money that you can travel around and reset to nearly 0 after not working for a few months to a year

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 6 child comments
    •
  • [–] 28 points 1 year ago (2 children)

    The biggest problem I see with this is staying current and sharp with your tech skills and also explaining those gaps. It’s definitely possible though, especially if you’re able to live frugally.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 4 points 1 year ago (1 child)

    explaining those gaps

    "I didn't feel like working" is perfectly acceptable. Any job that takes offense to that is not worth taking.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 19 points 1 year ago (2 children)

    Any hiring manager who hears that is going to hear it as "this employee will up and leave us without warning at any time"

    Not saying they're right, but that's what it is. Most people are looking to hire permanently if possible, you're telling them straight up that you are not going to be a permanent employee.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 1 point 1 year ago

    Yeah, but depending on the industry, that can be ok.

    Some fields have companies that will hire and fire en masse based on projects that start and stop. At that point, they aren't just paying you to show up to work, they're also paying you to leave.

  • permalink
  • fedilink
  • source
  • parent
  • [–] 4 points 1 year ago

    Most industries do not move that fast. And yeah, I'm including software in those industries. Really, how much changes in 2 years in Accounting, HR, plumbing, or electrical engineering?

    As for the gap -

    Them: "Can you explain this gap in your resume?"

    You: "Yeah, I was travelling."

    Them: "Oh, that's cool. You know, I wish I'd done that when I was younger."

  • permalink
  • fedilink
  • source
  • parent
  • [+] 7 points 1 year ago* (last edited 1 year ago) (3 children)
    [deleted]
  • permalink
  • fedilink
  • source
  • parent
  • hideshow 6 child comments
    •
  • [–] 2 points 1 year ago

    Yes, fear is a major factor for why people don't do risky things for potential rewards.

    As for having a spouse and children or a pre-existing medical condition, you're correct that only a certain portion of the population is able to do this. We already cut it down to people with something like a STEM degree that are able to do this.

  • permalink
  • fedilink
  • source
  • parent
  • [–] -2 points 1 year ago* (1 child)

    You know, you can pay for private health insurance if you don't have a job. And if you have an emergency fund or (micro) retirement fund, it should include funds for health insurance.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [+] 5 points 1 year ago* (last edited 1 year ago) (2 children)
    [deleted]
  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 1 point 1 year ago (1 child)

    Move to a better state. If you are already quitting your job to travel, you can just list yourself as living at a friend's house or whatever on paper, and then apply for health insurance.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 1 year ago* (1 child)

    If I was looking at a hire who only gives a year I'm thinking that's a big investment to get them up to speed on our tech, train them, and start getting them projects only to know they're going to bounce. Not to mention provisioning tech and tools for them. I think experience and a company willing to hire you becomes the issue if you do this too often.

    Stem jobs aren't a spot where you want to be losing your talent every year, it's hard to push forward with that. I see companies avoiding those hires honestly.

    Also, how do you advance and make more, if that's what you want, without working somewhere long enough to grow. Self education helps, but practical experience is needed.

    If I were them, just be a freelancer. It gives you the freedom and you're your own boss.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 3 points 1 year ago (1 child)

    That's the key, you don't tell the company you're working for that you only plan to stay for a year or two. After you've done it twice maybe your resume will start to show a pattern, but at that point you've been doing this for 4-6 years, and I can think of plenty of lies to tell corporate that will make for a good excuse.

    As for making more, your progress will definitely be stymied by taking breaks, but you're not taking breaks in order to advance your career. It's just a difference in life goals, clearly you value climbing a corporate ladder to increase your salary. Besides, it's well documented that changing employers is one of the best ways to increase your salary so if your goal is making more money you would want to change jobs every couple of years no matter what.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 1 year ago*

    clearly you value climbing a corporate ladder to increase your salary

    That's not at all true, and I feel like people with this very casual stance on a career think that everyone else is that way. We're not. If anything I feel like we just can think beyond the short term.

    Let me ask you, this person that lives this life, are they still working at 70? How much do they really have left to invest with these breaks? What if the market has a down turn when you're on vacation and you come back to a job market you can't get a foothold in? How is your 401k really looking with all these breaks?

    My goal is to not work a day after 45. I have taken many vacations and enjoyed my life while working but I plan to never answer to anyone after 45, just live my life for me. The rest of my life without worry and with security. That's what I work for, not climbing a ladder. Security and an exit plan.

  • permalink
  • fedilink
  • source
  • parent