Nice People 13: Nice Save

PasturesNew

michaels wrote: »

... leaving you more time to ....

... doss about, swanning around, etc....

Corrected that for you.

LydiaJ

michaels wrote: »

Am I right in thinking this is the ideal for you as it is part time so leaving you more time to spend with the family and push forward on the other projects that have been discussed?

I would love to have the confidence to opt for part time working.

Part time working is great. I love it.

The thing that's hard is the change from full time to part time, because of the drop in income. It's fine if you've always been part time, because you're used to that level of income, but going down is tough, for all the family. If the adults in the family agree that it's worth it, though, it can be done, and everyone gets used to not being able to afford xyz any more faster than they probably thought they would.

michaels

LydiaJ wrote: »

Part time working is great. I love it.

The thing that's hard is the change from full time to part time, because of the drop in income. It's fine if you've always been part time, because you're used to that level of income, but going down is tough, for all the family. If the adults in the family agree that it's worth it, though, it can be done, and everyone gets used to not being able to afford xyz any more faster than they probably thought they would.

I could do it with no loss of take home just pension but then that would mean any dream of earlier retirement would go...

Nikkster

LydiaJ wrote: »

The thing that's hard is the change from full time to part time, because of the drop in income.

Maybe it's not so bad if you manage to double the equivalent full time rate? (I can dream...)


Edit: I've resorted to opening a bottle of wine. 1767 emails to go!

Generali

michaels wrote: »

Am I right in thinking this is the ideal for you as it is part time so leaving you more time to spend with the family and push forward on the other projects that have been discussed?

I would love to have the confidence to opt for part time working.

PasturesNew wrote: »

... doss about, swanning around, etc....

Corrected that for you.

The initial plan is to use the time to get fit again which will be very helpful in keeping my back strong and thus mitigating the impact of the arthritis so more swimming around than swanning around!

Unfortunately our current living conditions are such that I wouldn't be comfortable making food to be eaten by others. I would like to work towards getting a post grad qualification with the extra time I have, possibly a CFA.

I'm not sure if I mentioned that this job is kinda a job share with a 70+ y/o and getting a CFA would leave me ideally placed to take on his very interesting and potentially lucrative work. So would doing a masters in economics or finance. There are various options available to me.

lostinrates

Nikkster wrote: »

Maybe it's not so bad if you manage to double the equivalent full time rate? (I can dream...)


Edit: I've resorted to opening a bottle of wine. 1767 emails to go!

Its one of our possible future options for fir. Not doubling income, but reducing days maintaining income at a set point as he was earning in a certain year. It seems a good compromise measure. There has already been a point where he might have been better off short term because of our particular set of circumstances, on a four day week. Longer term thinking of course doesn't pay to raise that issue and make that call now. ( though if we were parents it would not be questioned.......i foresee some social issues with the parental leave things in some environments) but its certainly made me think about its viability in the future.

LydiaJ

michaels wrote: »

I could do it with no loss of take home just pension but then that would mean any dream of earlier retirement would go...

Your choice then. Do you want the free time now? Or in your 50s/60s? Or both but with less money?

FWIW I'm not fussed about retiring early. I enjoy my job, and it doesn't burden me (well, only just before reports deadlines ) in the way that my full time colleagues are burdened. Carrying on doing it until 67 doesn't seem terrible to me because I'm not feeling any particular desire to escape from it. Would your desire to be free of the necessity of working be so strong if you didn't feel about your job in the way you do ATM?

IMO, as long as you're in no danger of the breadline, life's too short to do long hours in a job you hate just for the money. I do ~50% FTE in a job I enjoy, and if other people can have foreign holidays and new kitchens/bathrooms that I can't afford, that's fine by me. Other people feel differently. That's OK. The world wouldn't work very well if we all chose the same things. I worked full time before I had kids. I may do so again when they're grown up and have left home, but who knows?

Nikkster wrote: »

Maybe it's not so bad if you manage to double the equivalent full time rate? (I can dream...)

Indeed... IF.

Nikkster

LydiaJ wrote: »

Indeed... IF.

Big IF, eh?!

I very much doubt I will double my income (certainly not at my current employer), so I'm working on reducing my outgoing commitments instead (i.e. mortgage). Hopefully this will give me the greatest choice when it comes to any Big Life Choices that may arise in future years.

Edit: 'only' 1598 to go now...

Yorkie1

Generali wrote: »

So promising in fact that I got it!:j:beer::j:T I just got told.

LydiaJ wrote: »

:beer::j:D:):T:cheesy::cool2::dance:_party_ :beer::j:D:):T:cheesy::cool2::dance:_party_ :beer::j:D:):T:cheesy::cool2::dance:_party_ :beer::j:D:):T:cheesy::cool2::dance:_party_ :beer::j:D:):T:cheesy::cool2::dance:_party_
_party__party__party_ _party__party__party_ _party__party__party_

Wot Lydia's daughter said :beer:

lostinrates wrote: »

I'm probably going to try existing on water crackers or something.

Hope you feel better soon.

vivatifosi

Generali wrote: »

I'm not sure if I mentioned that this job is kinda a job share with a 70+ y/o and getting a CFA would leave me ideally placed to take on his very interesting and potentially lucrative work. So would doing a masters in economics or finance. There are various options available to me.

Sounds a great idea gen, and from everything you've put into his board over the last several years, I think you would really enjoy it. If you are studying part time and holding down a job, the enjoyment element is hugely important.

If I had my time over, I'd do a more specific masters like that. Mine's an MBA. I enjoyed doing it, but the person that you are supposed to be at the end of it just isn't me. I couldn't schmooze or groin thrust if my life depended on it.