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  #61  
Old 23.07.2011, 18:21
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Re: Quitting the rat race

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it seems some people do
I can see the benefits of some time for yourself. To learn or improve a language could be one, as well as do some professional upgrading for which there never seems to be enough time while working full time...
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  #62  
Old 23.07.2011, 18:27
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Re: Quitting the rat race

The trouble about quitting the rat race is that you end up possibly in a mouse race - not quite as competitive but a race nonetheless . Unfortunately there's no such thing as a 'free lunch' and when you've had the 'freedom' for a bit you usually wonder what to do with yourself. Talking from experience here.
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  #63  
Old 23.07.2011, 18:34
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Re: Quitting the rat race

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I can see the benefits of some time for yourself. To learn or improve a language could be one, as well as do some professional upgrading for which there never seems to be enough time while working full time...
yeah. i got thinking about it the other day when i put down on paper what i wanted to do in my free time and realised that i needed 3 days at the weekend and 12 weekday evenings!
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  #64  
Old 23.07.2011, 18:51
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Re: Quitting the rat race

I agree that a lot of time spent just traveling or sitting at home can get boring after a while. You could break your sabbatical ...at one time you could do 2-3 months..come back home...then take off again...

If you believe in yourself then you don't have to worry what the future Employer is going to think about the Gaps in your CV.

When I decided to look for a Job after a 8 month holiday...there was no Problem...took me a month...had the first phone interview and got the Job. They asked me in the Interview what did I do in these 8 months...and I told them I took a break...traveled around the world..etc.
Also it worked out to be a better paying one than in Germany..that was just a coincidence

Work Smart...not Hard is my Motto anyway
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  #65  
Old 23.07.2011, 20:43
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Re: Quitting the rat race

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I just love reading rich people fantasising about poverty.

"Oooh yes! I'd love more time to pursue my interests! I could live on that, no problem!"

You'd be bored out of your brain, miserable as a cat at Crufts and ready to jump back into the "rat race" (what is that? I'm not in a race - just trying to pay my bills and have a reasonably decent life) within months.

And those of you who did it for six months as a sabbatical: try doing it for two years, five years, twenty years, forty years and tell us it was good for you. If you're not sure what it's like, I can put you in touch with some ex-miners in Cannock who can enlighten you.

"Dreams: they are never where you expect them to be."
Sorry DB, but I just don't agree. There are plenty of things to keep you busy you just need to find them. It's a bit different if it is forced upon you and you want to work, but that isn't what the OP is talking about.
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  #66  
Old 26.07.2011, 18:08
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Re: Quitting the rat race

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I just love reading rich people fantasising about poverty.
Poverty

3500 is a normal wage for many swiss people. maybe just not rich expats. i certainly wouldn't call it poverty.
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  #67  
Old 26.07.2011, 18:42
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Re: Quitting the rat race

CHF3500 a month is pretty much on what I will be on after I've paid creche fees!
Maybe I should start a tread asking if I can afford to live on my wages.....
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  #68  
Old 26.07.2011, 19:07
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Re: Quitting the rat race

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No way. I have the perfect job, with a reasonable salary and lots of time off already.
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My brother, a Canadian vet, always says he loves his job so much that he'd still go on doing it if they stopped paying him.
Yup, you're a lucky person when job satisfaction and quality of lifestyle come together. Nothing beats it.

But whenever I've heard people talk about dropping out of the "rat race" it's always been an indicator that however stimulating or well paid their job is, they're not happy with the lifestyle that goes with it. It's never been a binary question for them - to work or not to work. But a question of work/life balance. This is very different from retirement.

I know a few people who have taken radical steps to make an adjustment in that work/life balance. Here's what I've learned.

1. I can't comment on CHF 3,500 a month. People have different lifestyles. All I'd say is that before someone decides to step off the treadmill, they'd better be sure their lifestyle of choice is affordable on their new income. And they'd better factor in inflation.

2. However tempting it might seem, it's hard for people to go from "full on" to "half steam ahead", let alone "full stop". You need self discipline to motivate you when there's nobody cracking the whip. Folks manage it. But it can take a couple of years to adjust.

3. You'll learn a lot about yourself when you try.
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  #69  
Old 26.07.2011, 19:51
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Re: Quitting the rat race

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Yup, you're a lucky person when job satisfaction and quality of lifestyle come together. Nothing beats it.

But whenever I've heard people talk about dropping out of the "rat race" it's always been an indicator that however stimulating or well paid their job is, they're not happy with the lifestyle that goes with it. It's never been a binary question for them - to work or not to work. But a question of work/life balance. This is very different from retirement.

I know a few people who have taken radical steps to make an adjustment in that work/life balance. Here's what I've learned.

1. I can't comment on CHF 3,500 a month. People have different lifestyles. All I'd say is that before someone decides to step off the treadmill, they'd better be sure their lifestyle of choice is affordable on their new income. And they'd better factor in inflation.

2. However tempting it might seem, it's hard for people to go from "full on" to "half steam ahead", let alone "full stop". You need self discipline to motivate you when there's nobody cracking the whip. Folks manage it. But it can take a couple of years to adjust.

3. You'll learn a lot about yourself when you try.
thanks. the move to switzerland was already moving down a gear and i've viewed it as a bit of a 'year out'.

to be honest, i've always found what i do outside of work to be far more interesting and challenging than work and find it a bit sad that people rely on work as a source of intellectual stimulation.
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Old 26.07.2011, 19:54
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Re: Quitting the rat race

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Poverty

3500 is a normal wage for many swiss people. maybe just not rich expats. i certainly wouldn't call it poverty.
I know it's a normal wage.

That doesn't mean it's a nice wage or a comfortable wage.

I've been poor. It was rubbish. I find it difficult to understand why someone would give up a comfortable wage for scrimping, saving and living like a prole.

Each to his own, I suppose.
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  #71  
Old 29.07.2011, 11:29
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Re: Quitting the rat race

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I just love reading rich people fantasising about poverty.
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I know it's a normal wage.
Around 30% of people in Switzerland live on 3500 or less per month.

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I've been poor. It was rubbish. I find it difficult to understand why someone would give up a comfortable wage for scrimping, saving and living like a prole.
The reason is quite simple. If you imagine a continuum between the extreme or working all the time and trying to earn as much money as possible and the other of having no money but all your free time to yourself, then I suspect there is a happy medium between the two.

To me, working 5-6 days a week full time is at the higher end of the spectrum and 3500 nearer the lower end.

I would argue that this is not an 'uncomfortable' amount to live on as this number was derived by my average monthly outgoings in the last 2 years excluding luxuries such as electronic gizmos etc.

To me, it is almost a question of whether you would get a higher quality of life from having more free time, or more money to spend.
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  #72  
Old 29.07.2011, 11:34
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Re: Quitting the rat race

Money cant buy happiness. If you look at the statistics on death rates some one who has worked the same job at the same place for 25+ years will die within 5 years of his retirement. While the same person who chooses to keep working (have a daily routine that challenges him and he can look forward to) can expect to live +15 years after his retirement begins.

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  #73  
Old 29.07.2011, 11:44
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Re: Quitting the rat race

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Money cant buy happiness. If you look at the statistics on death rates some one who has worked the same job at the same place for 25+ years will die within 5 years of his retirement. While the same person who chooses to keep working (have a daily routine that challenges him and he can look forward to) can expect to live +15 years after his retirement begins.
Don't forget inflation adjustment.


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