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  • FIRST POST
    • minimalist baker
    • By minimalist baker 26th Aug 19, 9:56 PM
    • 10Posts
    • 2Thanks
    minimalist baker
    Would you rather have no money and freedom or money and a job?
    • #1
    • 26th Aug 19, 9:56 PM
    Would you rather have no money and freedom or money and a job? 26th Aug 19 at 9:56 PM
    I am in a position after 10 years of saving that we paid our mortgage off, it was very hard work and we were skint during this period and I was very unhappy at work but we got there and I was able to leave my job. Having no extra money has been difficult, we have literally been living on £700 a month.

    I have spent the past year trying to build a business, but have failed to generate any additional income. But we have been treading water via a modest income from a side project that has covered the bills.

    So as I look at whether I go back to a job again to lift the stress of having money but the prospect of losing the freedom to go/do when I want...

    Would you rather have no money and freedom OR money and a job that you are unhappy in?
Page 2
    • Miss Moneysaver
    • By Miss Moneysaver 2nd Sep 19, 6:40 AM
    • 238 Posts
    • 155 Thanks
    Miss Moneysaver
    Hi,

    If I was in your position I would look for part time work - like someone has said, you'd have the best of both worlds!
    I am 6 months away from mortgage freedom and would love to give up work especially as nightshifts in the NHS are killing me! I've just landed a new job (full time) and a promotion but it is 200 miles away and will involve a 3 night a week stay away from home. I have struggled big time to make a decision but I am seriously unhappy where I am now and I can use the experience, from this job, to move into the area where I want to work once I hit 50 (work from home and cushy hours).

    But, I am very frugal so money isn't everything as long as bills are covered and the odd ice cream!
    Interest rate 1.25%, offset mortgage Woolwich
    • Kantankrus Mare
    • By Kantankrus Mare 2nd Sep 19, 7:15 AM
    • 5,694 Posts
    • 15,123 Thanks
    Kantankrus Mare
    As others have said......part time work is the way to go.

    I work three days a week for my sanity. Its a customer facing role and I find working more than 3 days with the general public drains me mentally and makes me grumpy.

    I have an allotment and like to get to the gym. Help my mam out on one day as she has COPD and struggles with housework.

    Working more would give me more money which would come in very handy but I would rather live frugally and stretch what we have and enjoy the best of both worlds.
    [COLOR="Red"]Make £10 a day challenge 2019 Jan £397.78 Feb £290.82 Apr £222.68 May £160.69 July £64.49
    Walk 2000 miles in 2017....1780.35 miles
    Walk 2018 miles in 2018...1939.71 miles
    Walk 2019 miles in 2019.....1,711.89 miles
    Mortgage...£47,070£46,092£45,626.£44,182,£43,721,£41,828
    • rollingmoon
    • By rollingmoon 18th Sep 19, 9:05 AM
    • 28 Posts
    • 16 Thanks
    rollingmoon
    I'm in a similar position to the OP. As long as you're not a slave to consumerism (as many seem to be) a part-time job is the way to go. Even if it's not something you particularly enjoy, you will have hopefully 4 days a week to enjoy life, and - contrary to what some people will tell you - with a degree of frugality a bit of cash can go a long way.

    I work two and a half days a week; I can pay the bills and indulge my hobbies and take the sort of holidays I enjoy. Of course I have to watch the pennies, but I'd much rather live as I do now than return to full-time employment.
    • z1a
    • By z1a 18th Sep 19, 5:38 PM
    • 2,344 Posts
    • 2,396 Thanks
    z1a
    No money = No freedom.
    • Blatchford
    • By Blatchford 18th Sep 19, 6:01 PM
    • 194 Posts
    • 255 Thanks
    Blatchford
    As long as you aren't expecting anyone else to pay for your freedom, have at it. If you're expecting any form of benefits to support your choice, that isn't freedom, it's leeching...
    • trailingspouse
    • By trailingspouse 18th Sep 19, 6:54 PM
    • 3,792 Posts
    • 7,256 Thanks
    trailingspouse
    As I said to my kids as they were growing up -


    Money can't buy you happiness, but it's bl00dy difficult to be happy without it.
    • Kantankrus Mare
    • By Kantankrus Mare 18th Sep 19, 7:44 PM
    • 5,694 Posts
    • 15,123 Thanks
    Kantankrus Mare
    As I said to my kids as they were growing up -


    Money can't buy you happiness, but it's bl00dy difficult to be happy without it.
    Originally posted by trailingspouse
    Without it completely........yes I agree but enough to get by and able to afford the occasional treat is what I live by. My sanity is worth far more than having lots of cash to spare.

    I guess we all have to work out what we are happy with. There will always be people that are more materialistic than others and feel the need to be consumers. My OH is one of them and there are others who can get by on far less and be happy.

    Im not saying one way is more right than the other but I know what works for me. I would be so depressed if I had to go back to full time working. (And yes, I know I'm lucky I dont have to.)
    [COLOR="Red"]Make £10 a day challenge 2019 Jan £397.78 Feb £290.82 Apr £222.68 May £160.69 July £64.49
    Walk 2000 miles in 2017....1780.35 miles
    Walk 2018 miles in 2018...1939.71 miles
    Walk 2019 miles in 2019.....1,711.89 miles
    Mortgage...£47,070£46,092£45,626.£44,182,£43,721,£41,828
    • falcieri
    • By falcieri 18th Sep 19, 8:02 PM
    • 152 Posts
    • 108 Thanks
    falcieri
    Rather than thinking about it as freedom look at it as quality of life. Not working brings time freedom but not the money to do things with it. However, if you have less money but a happier life and can live happily within your means then perhaps this is all you need.



    When I set up my business I went from a well (ish) paid job but in something I had zero interest in and that gave me no discernable quality of life beyond what we consider the basics, to doing a job I loved, running a business I had always wanted BUT I have less money. I have learned to be frugal with my money and in turn learned how to be less wasteful with food and energy and with the money I do have.



    I enjoy my life more because I am free to work how I want to work and since I am not materialistic I don't miss weekend blow outs at pubs or shopping sprees or expensive holidays. It really depends on what you want from life. As Spike Milligan once said: 'Money can't buy you happiness but it does buy you a more pleasant form of misery.' I opted for a general form of happiness over the money. But it isn't for everyone.
    • PasturesNew
    • By PasturesNew 18th Sep 19, 8:06 PM
    • 67,247 Posts
    • 394,180 Thanks
    PasturesNew
    I have no money and freedom.

    Unfortunately that's freedom to do nothing as everything costs money

    I'd like .... money and freedom.

    I wasn't brought up/taught how to "marry well", so that's not an option.
    • falcieri
    • By falcieri 19th Sep 19, 7:29 PM
    • 152 Posts
    • 108 Thanks
    falcieri
    Money and freedom is the dream but very few find it. Especially with the way the world is now. There are things you can do for free but it depends on where your interests lie. If you're into things that cost money then there's going to be a problem there.



    I wouldn't mind if I get to work like this for the rest of my able life. I have no interest in retirement. I don't know what I would do with my time. I love what I do and it started out as a hobby turned into a business so really it doesn't feel like work.


    These choices are harder when you are single. There's noone else earning and 'propping you up' whilst you navigate the unpredictable employed world. But I'm happy enough with the way things are. I could never go back to some of the jobs I've had in the past. Occasionally I do some temp work to remind me what it used to be like and my god I don't miss it.
    • amandacat
    • By amandacat 21st Sep 19, 12:38 PM
    • 85 Posts
    • 56 Thanks
    amandacat
    Not having a job gives you a certain sense of freedom but only to a limit because if you donít have money you canít fund the things you enjoy and you are confined by the lack of funds and your freedom is restricted by the mental stress at having little money.
    You can have best of both worlds, either a part time job or finding a job working from home or field based. Not being confined to an office provides me with a certain sense of freedom that I never felt when in an office.
    • Mistral001
    • By Mistral001 22nd Sep 19, 11:58 PM
    • 3,955 Posts
    • 3,033 Thanks
    Mistral001
    The problem is with the business that is making no profit. Do your see it making any in the near future? What about the "side project". Can that be developed into a business that provide you with an income which you think is enough?
    • Potbellypig
    • By Potbellypig 23rd Sep 19, 1:12 PM
    • 538 Posts
    • 384 Thanks
    Potbellypig
    I don't see myself as not having 'freedom' because I have to work. It's a means to an end.
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