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Old 22.07.2011, 13:22
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Quitting your regular employment and taking a lower 'income'

I think quite a few people on here have very good jobs with high salaries. I wondered, if you were currently earning a high salary, would you consider quitting if instead you were given, say, 3500 chfs per month to live on (gross salary). But aside from that you had your entire day free to yourself.

Last edited by Phil_MCR; 23.07.2011 at 15:06.
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Old 22.07.2011, 13:30
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Re: Quitting the rat race

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I think quite a few people on here have very good jobs with high salaries. I wondered, if you were currently earning a very high salary, would you consider quitting if instead you were given, say, 3500 chfs per month to live on (gross salary). But aside from that you had your entire day free to yourself.
Definitely quitting, I could direct my entire attention to developing smart phone apps and become filthy rich.
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Old 22.07.2011, 13:31
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Re: Quitting the rat race

What's a very high salary?

Not considering quitting the rat race, but thinking what it would be like to work 80%. My last gf used to do it, and some of my friends too.

Odd thing is, I never really thought I had too little free time till I got here. Now every weekend is too short and I don't have enough time in the evening to do all the things I want.
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Old 22.07.2011, 13:33
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Re: Quitting the rat race

Just wouldn't get very far in the day with CHF 3500. I'd do it in the US though.
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Old 22.07.2011, 13:34
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Re: Quitting the rat race

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I think quite a few people on here have very good jobs with high salaries. I wondered, if you were currently earning a very high salary, would you consider quitting if instead you were given, say, 3500 chfs per month to live on (gross salary). But aside from that you had your entire day free to yourself.
Absolutely, it would leave me free to get another degree in a completely esoteric subject!
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Old 22.07.2011, 13:36
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Re: Quitting the rat race

Not for CHF 3,500. But for the right price, yes, of course!

Isn't that what the RAV is for, anyway?
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Old 22.07.2011, 13:37
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Re: Quitting the rat race

Well, as I am currently 'salary free' CHF3500 would be lovely thanks! Although methinks not in CH.....

Maybe after tax would be nicer!
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Old 22.07.2011, 13:38
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Re: Quitting the rat race

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I think quite a few people on here have very good jobs with high salaries. I wondered, if you were currently earning a very high salary, would you consider quitting if instead you were given, say, 3500 chfs per month to live on (gross salary). But aside from that you had your entire day free to yourself.
Speaking from experience, if you have been used to a fast paced, adrenaline pumping job, the massive change will be quite a shock to the system. By the end of the first week, you'd be begging for your job back.

Do it only if you have an idea of what to do with yourself - be it going back to school, travelling etc. Also, the psychological effect of lifestyle changes due to the salary cut is going to take alot of getting used to.

Nice idea in theory, will take some getting used to in reality no matter how psychologically psyched up you are about this new life.
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Old 22.07.2011, 13:43
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Re: Quitting the rat race

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Well, as I am currently 'salary free' CHF3500 would be lovely thanks! Although methinks not in CH.....

Maybe after tax would be nicer!
where i live 3500, would be around 3200 after tax, so not too different.
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Old 22.07.2011, 13:43
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Re: Quitting the rat race

No way. I have the perfect job, with a reasonable salary and lots of time off already. Why would I want to swap that for poverty and boredom?
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Old 22.07.2011, 13:44
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Re: Quitting the rat race

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....3500 chfs per month to live on (gross salary). But aside from that you had your entire day free to yourself.


you mean, do a PhD?
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Old 22.07.2011, 13:45
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Re: Quitting the rat race

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I think quite a few people on here have very good jobs with high salaries. I wondered, if you were currently earning a high salary, would you consider quitting if instead you were given, say, 3500 chfs per month to live on (gross salary). But aside from that you had your entire day free to yourself.
So you are saying that, in essence, my sugar daddy (or mama) is going to pay me 3500CHF (gross) to do nothing, and you are asking if I would take it?

Definitely.

Granted, I don't make a massive amount here in the first place, but it is well more than that, and I know I could easily live on about 3200 (after taxes, your number) a month. easily.
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Old 22.07.2011, 13:46
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Re: Quitting the rat race

Yes absolutely. I quite a high paid job 3 years ago with nothing to cover my arse so I could explore some ideas in my head and it was worth it even though it caused some hardship.

It didn't work out and after a year I had to get a job but I would do it again.
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Old 22.07.2011, 13:46
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Re: Quitting the rat race

Actually, I did that last year and found there was no adjustment at all once I got off the merry-go-round . Took a 12 month 'sabbatical' from my high pressure job dealing with all sorts of bureaucratic, political and other sensitive issues and discovered I very quickly got into the routine of no routine! I did intend working here in Basel, found the lack of decent German an impediment, so decided to forget the hassle and just had a lovely long holiday! And still doing it.

Good forward planning meant I could manage without having to work, thanks to being able to stay with relatives and friends and doing some house sitting here and there. It's been a great 13 months of freedom.

Unfortunately, I'm back to said rat race in September, will be a horrible adjustment that way around, although it will be very nice to have a salary again.

So I would say if you can do it, do it!
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Old 22.07.2011, 13:54
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Re: Quitting the rat race

i guess if you only earned 3200 after tax or close it it, it would be a bit of a no-brainer unless you really loved your job. but i wondered if you earned significantly more than that, let's say double (6400 after tax) then you'd have to weigh up the free time vs double the money (and much more than double disposible income once you factor in rent/food etc.).
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Old 22.07.2011, 13:55
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Re: Quitting the rat race

For me it would be a no brainer.... As life has to offer so much more than a 9-5 existence off corporate shenanigans!!

I read a recent article on an financial website in the UK, it suggested that in order to get a £20K gross income per annum. One would need have a pension pot of approximately £400k (this is based on someone working for 30 years)

So the income works out to be £1,666 with current CHF/GBP rate approx CHF2,250

Seems like you have a pretty good deal... assuming you were in the UK at current CHF/GBP rates!
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Old 22.07.2011, 14:05
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Re: Quitting the rat race

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For me it would be a no brainer.... As life has to offer so much more than a 9-5 existence off corporate shenanigans!!

I read a recent article on an financial website in the UK, it suggested that in order to get a £20K gross income per annum. One would need have a pension pot of approximately £400k (this is based on someone working for 30 years)

So the income works out to be £1,666 with current CHF/GBP rate approx CHF2,250

Seems like you have a pretty good deal... assuming you were in the UK at current CHF/GBP rates!
have to add: a condition is that you continue to live in switzerland to receive this 3200 and can't go swanning off to thailand or something and live like a king there...
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Old 22.07.2011, 14:12
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Re: Quitting the rat race

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i guess if you only earned 3200 after tax or close it it, it would be a bit of a no-brainer unless you really loved your job. but i wondered if you earned significantly more than that, let's say double (6400 after tax) then you'd have to weigh up the free time vs double the money (and much more than double disposible income once you factor in rent/food etc.).
It is not always about the money but quality of life. I was earning over 10K a month netto but due to a divorce I didn't have a pile of cash behind me. I had enough to cover my basic rent/food costs for a few months which I managed to stretch out for longer.

I still quit because working was just killing me and I needed to make the change - I had to force the change. I sure as hell missed the money but I was happy and relaxed probably for the first time ever.

Now I'm working again (for much less) and the balance is somewhere in the middle. I would take less money for quality of life anytime, but of course more money equates to more options.
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Old 22.07.2011, 14:18
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Re: Quitting the rat race

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I think quite a few people on here have very good jobs with high salaries. I wondered, if you were currently earning a high salary, would you consider quitting if instead you were given, say, 3500 chfs per month to live on (gross salary). But aside from that you had your entire day free to yourself.
I think you might well find yourself using a good part of your 'entire day free to yourself' augmenting your salary somehow, but maybe that's what you mean to do.
If, on the other hand you simply want to goof-off, goofing-off can be expensive, particularly if it involves ski-ing and suchlike, but then you know that already.
I need more than 3500 chfs a month in retirement, but then I have expensive hobbies....like eating
It's another of those 'how long is a piece of string' questions and everything is relative.
Good luck, Phil, and I hope you make the right decision.
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Old 22.07.2011, 14:22
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Re: Quitting the rat race

Cover the rent and food plus a good internet connection, put a little aside for clothes and shoes. Join the local library for access to DVDs, books, CDs etc.

A very simple life to be sure, but a very enjoyable one all the same. You don't need to get too complicated to enjoy life.
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