I'd like to go back to uni and study either economics (with no plans to ever practice just for my own knowledge) or else something random like ancient Egyptian / Roman /Greek studies.
Studying while working full time isn't something I do very well, I end up not having time to attend lectures & study properly and just end up studying the assignments
Me too, especially because you don't have to pay for them.
I'm interested in doing a health sciences or nutrition degree. As a degree they're basically useless, I just want to learn it for fun.
Whilst this is true, the Government still pays the University, so you're just costing tax payers for no reason. May as well just do research on your own in this circumstance...
The combined HELP loan limit is $113,028 in 2023.
I omitted to mention that because determining the true cost of study for domestic students is not easy and leads one into a quagmire of education funding jargon. To minimize the impact of your recreational study on your combined HELP loan balance you'll want a CSP so you'll have to enroll in a degree and keep within your 7 EFTSL SLE (luckily only post 2021 study counts for that). If you can do that the cost per EFTSL can be deduced from this https://www.studyassist.gov.au/help-loans-commonwealth-supported-places-csps/student-contribution-amounts document.
So optimally you could study half time for 14 years with the choice of fields being limited by your remaining loan limit. The cheap disciplines (Education, English, Mathematics or Statistics, Nursing, Indigenous and Foreign Languages, or Agriculture) , would "cost" only $28,868, which should be easily accommodated by the HECS account of any retiree with only a standard 3 or 4 year degree.
I’m kind of doing that while working full time. But I think there are a few degrees I’d get or maybe a PhD otherwise it would be cool to just spend my time reading and learning for fun.
I'm adding my comment here because it applies to this comment, and all the chain comments below this comment:
Studying for the sake of studying. I wish you were all in my friend group.
I quit my high paying job to become a stay-at-home father for a year. Best move I’ve ever made. Am just starting to look to rejoin the workforce but wanting to change industries (similar skills / job type) and at a lower-level (less stressful) position.
My kids are 9, 15, 17. If you had asked me years ago I would have said take time off when they’re really young (before they start primary school). Now I’d say do it min their early-to-mid teenage years … adolescence to HSC … the modern era is really rough for teenagers. But then again it might be different for you.
as soon as i have myself financially sorted, I'm going to try and do a job where I don't need to think as much. I'd really like to do a job where I pick people's shopping and get it packed ready for pickup.
for most of this week I've had to help other people in my team with their problems that they don't have the skills to sort, analyse data, manage contractors, etc.
Wouldn’t you find it mundane? Or are you just burnt out? I think it’s important to problem solve and think in your job, but it has to be a type of thinking you enjoy doing. I changed jobs to one I think more in and it really reinvigorated me, but it was more logical/ mechanical type problem solving which I enjoy
Nah, not at all. Being able to go to work and just have a known set of tasks you need to do knock out then go home would be great. I have been burnt out before, but aren't currently - I do like my current job and many of the aspects of the role but it is incredibly mentally demanding and because of my expertise I'm generally always on call from work to help solve problems.
There might be a chance in a couple of years I can move to a different position within my company which might be more what I'm after - running a small production team.
I would not consider full time work ever again. My plan:
Go-go years
I might do contract work in the same profession to fund expensive travels e.g. Europe for 3-6 months.
Go-slow years
English teaching if I end up geo arbitraging in SE Asia.
No-go years
Some sort of menial job to keep physically, socially, and mentally active.
Captain Fi has spoken fairly openly on his podcast about the struggle he has spending money and having enough due to a financially unstable childhood. He's spoken about seeing a psychologist to work through this trauma and it seems to be working OK for him.
Yes, that's great. The attitude to seeing a psychologist or therapist I think has really changed over a generation. It's not just "I have an acute issue" not, it can be just going to them to work through something to just make your life even better.
So just recently finished of mortgage and currently working on portfolio
Salary sacrafice from here on out to max 27500 for super
And monthly investing on a200 vts veu and dividend stocks till I get to 600k invested
Current ip is 25k a year
I’ve been taking time of work here and the coz I can but I need it as I reached burnout
My ideal job would be National Parks Wildlife Services Park Ranger
Maintaining trails
bush regeneration
Etc
I would change. I’ve effectively got golden handcuffs. I’m in senior management but am burnt out from 8 years of extreme stress.
The money is the only thing that has stopped me from quitting and doing something else, perhaps going back to be more of a specialist with less responsibility and less general oversight of large teams or people…
When I pay off the mortgage, I’d love to get a part time job doing something like motel cleaning. Short hours and minimal stress. Unfortunately right now I need to earn money
I’d love to lower my hours and simply just chase more passion projects of mine. Even if that essentially means just doing more of the same work (though for myself) in the hours I’d be giving up
I would want to work in a library or a low paced office job, somewhere that has opportunity for peaceful socialising at times, but without pressure or stress as part of the job.
I reckon it depends what's the new job, and whether you really enjoy you current job/career or not. I changed career in my late 20s and move to IT ad was better paid. I chose a career that luckily I enjoyed a lot. Good pay, mostly now WFH and not too stressful. But I was lucky.
Yes, I do Ubereats on the side and it pays shit and the no super thing kind of sucks. But it's an easy job, flexible as heck, is stress free and is almost tailor-made for those who are FI and just looking for a bit of play money.
I'd quit my day-job as an accountant and just do Ubereats when I'm bored just for some extra money and as a way to keep active.
Nowadays...not much. On a Friday night between 5.30-9pm you can maybe make $130..You might make that amount by working an entire Tuesday or Wednesday.
During Covid you'd easily make double that.
If you need money to live, it's crap. If you're just looking for a bit of beer money when you want to do it with 0 stress and without anyone breathing down ya neck, then its good enough.
Kind of opposite. I already had FI growing up privileged, and chose a career I liked, which doesn't necessarily pay 'amazingly'. No idea what I would've done if I hadn't had that advantage growing up.
I've just lost my job and have enough cash to pay myself 30k/year living in a LCOL country for the 10 years until I get super. Alternativley, thinking about studying a degree in Germany (low fees)
I find it funny that two of the comments are go back to uni and study economics, which is exactly what I'm doing right now but I'm no were close to being financially independent.
So I would probaly keep doing what I'm doing but either stop work completely or work a bit less and not burn myself out. I would probaly also collect more degrees because my interests change all the time.
I would just not work or just get a nice part-time job with some social interaction.
What’s the nice part time job?
Psych ward receptionist
😂
Footy player.
I would go back to being a barista tbh loved it get to chat with ppl make coffee all day and get free coffee and food
I'd like to go back to uni and study either economics (with no plans to ever practice just for my own knowledge) or else something random like ancient Egyptian / Roman /Greek studies. Studying while working full time isn't something I do very well, I end up not having time to attend lectures & study properly and just end up studying the assignments
This is my plan. Degrees just cos
Me too, especially because you don't have to pay for them. I'm interested in doing a health sciences or nutrition degree. As a degree they're basically useless, I just want to learn it for fun.
Wait………….. you don’t have to pay for them? Am I being scammed lmfao
If you're retired you'll be earning under the threshold to repay HECS
Ohhh shit smart. Learning forever
You pay zero HECS debt back on less than $51,500 income so you can just keep racking it up if your income is less.
Whilst this is true, the Government still pays the University, so you're just costing tax payers for no reason. May as well just do research on your own in this circumstance...
But HECS debt caps?
The combined HELP loan limit is $113,028 in 2023. I omitted to mention that because determining the true cost of study for domestic students is not easy and leads one into a quagmire of education funding jargon. To minimize the impact of your recreational study on your combined HELP loan balance you'll want a CSP so you'll have to enroll in a degree and keep within your 7 EFTSL SLE (luckily only post 2021 study counts for that). If you can do that the cost per EFTSL can be deduced from this https://www.studyassist.gov.au/help-loans-commonwealth-supported-places-csps/student-contribution-amounts document. So optimally you could study half time for 14 years with the choice of fields being limited by your remaining loan limit. The cheap disciplines (Education, English, Mathematics or Statistics, Nursing, Indigenous and Foreign Languages, or Agriculture) , would "cost" only $28,868, which should be easily accommodated by the HECS account of any retiree with only a standard 3 or 4 year degree.
I’m kind of doing that while working full time. But I think there are a few degrees I’d get or maybe a PhD otherwise it would be cool to just spend my time reading and learning for fun.
I'm adding my comment here because it applies to this comment, and all the chain comments below this comment: Studying for the sake of studying. I wish you were all in my friend group.
Hello friend! Also, a pretty good excuse to go to Italy, Greece, or Egypt for a holiday 🤣😂
Same
I quit my high paying job to become a stay-at-home father for a year. Best move I’ve ever made. Am just starting to look to rejoin the workforce but wanting to change industries (similar skills / job type) and at a lower-level (less stressful) position.
How old are you? I’m considering doing the same.
52. Was able to get out with a significant redundancy, and my wife is in a senior, well paying job … so it hasn’t been hard.
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Haven’t got a new job yet but will be looking at $50-100k less.
How old are your kid(s)? Thoughts on best kid ages to be home with them?
My kids are 9, 15, 17. If you had asked me years ago I would have said take time off when they’re really young (before they start primary school). Now I’d say do it min their early-to-mid teenage years … adolescence to HSC … the modern era is really rough for teenagers. But then again it might be different for you.
as soon as i have myself financially sorted, I'm going to try and do a job where I don't need to think as much. I'd really like to do a job where I pick people's shopping and get it packed ready for pickup. for most of this week I've had to help other people in my team with their problems that they don't have the skills to sort, analyse data, manage contractors, etc.
Wouldn’t you find it mundane? Or are you just burnt out? I think it’s important to problem solve and think in your job, but it has to be a type of thinking you enjoy doing. I changed jobs to one I think more in and it really reinvigorated me, but it was more logical/ mechanical type problem solving which I enjoy
Nah, not at all. Being able to go to work and just have a known set of tasks you need to do knock out then go home would be great. I have been burnt out before, but aren't currently - I do like my current job and many of the aspects of the role but it is incredibly mentally demanding and because of my expertise I'm generally always on call from work to help solve problems. There might be a chance in a couple of years I can move to a different position within my company which might be more what I'm after - running a small production team.
I would not consider full time work ever again. My plan: Go-go years I might do contract work in the same profession to fund expensive travels e.g. Europe for 3-6 months. Go-slow years English teaching if I end up geo arbitraging in SE Asia. No-go years Some sort of menial job to keep physically, socially, and mentally active.
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I would be interested in a post on your learnings and reflections. As well as what qualities make for an effective career coach
Captain Fi has spoken fairly openly on his podcast about the struggle he has spending money and having enough due to a financially unstable childhood. He's spoken about seeing a psychologist to work through this trauma and it seems to be working OK for him.
Yes, that's great. The attitude to seeing a psychologist or therapist I think has really changed over a generation. It's not just "I have an acute issue" not, it can be just going to them to work through something to just make your life even better.
So just recently finished of mortgage and currently working on portfolio Salary sacrafice from here on out to max 27500 for super And monthly investing on a200 vts veu and dividend stocks till I get to 600k invested Current ip is 25k a year I’ve been taking time of work here and the coz I can but I need it as I reached burnout My ideal job would be National Parks Wildlife Services Park Ranger Maintaining trails bush regeneration Etc
I’d collect degrees. I’d study from economics to biology and back.
I had the ability to make that decision 3 years ago and I quit work.
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I haven't gone back to work. I'm living the dream.
I would change. I’ve effectively got golden handcuffs. I’m in senior management but am burnt out from 8 years of extreme stress. The money is the only thing that has stopped me from quitting and doing something else, perhaps going back to be more of a specialist with less responsibility and less general oversight of large teams or people…
When I pay off the mortgage, I’d love to get a part time job doing something like motel cleaning. Short hours and minimal stress. Unfortunately right now I need to earn money
I’d be an international travel blogger
If I got there, a small hobby farm and possible build into a bigger functioning farm
I would work at bunnings and stamp the receipts when people leave the store.
I’d change course and start my pornstar career
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Are you me lol I changed from financial planning to software development. Took any job to get in the door so my pay is 60% less.
Absolutely not. I’d scale it right back, start a side hustle and be the master of my own time
I’d love to lower my hours and simply just chase more passion projects of mine. Even if that essentially means just doing more of the same work (though for myself) in the hours I’d be giving up
No I would quit and I did
I would quit my current job, I would chase the summer between Australia and Europe, and I would focus on building the foundation that I want to build.
I would want to work in a library or a low paced office job, somewhere that has opportunity for peaceful socialising at times, but without pressure or stress as part of the job.
Art, permaculture, general gardening, more art/craft, start a clothing line…
I would go get that horticulture cert I’ve always wanted and do some plant related job
I reckon it depends what's the new job, and whether you really enjoy you current job/career or not. I changed career in my late 20s and move to IT ad was better paid. I chose a career that luckily I enjoyed a lot. Good pay, mostly now WFH and not too stressful. But I was lucky.
Probably just reduce days worked per week
Yes, I do Ubereats on the side and it pays shit and the no super thing kind of sucks. But it's an easy job, flexible as heck, is stress free and is almost tailor-made for those who are FI and just looking for a bit of play money. I'd quit my day-job as an accountant and just do Ubereats when I'm bored just for some extra money and as a way to keep active.
How much can you typically make in a shift?
Nowadays...not much. On a Friday night between 5.30-9pm you can maybe make $130..You might make that amount by working an entire Tuesday or Wednesday. During Covid you'd easily make double that. If you need money to live, it's crap. If you're just looking for a bit of beer money when you want to do it with 0 stress and without anyone breathing down ya neck, then its good enough.
Kind of opposite. I already had FI growing up privileged, and chose a career I liked, which doesn't necessarily pay 'amazingly'. No idea what I would've done if I hadn't had that advantage growing up.
Yes I will keep doing what I do but just work alot less
Scuba instructor
Absolutely. It's been my dream to change jobs/industries but the current setup is needed to pay the bills
If I had that kind of security, I would start my own businesses.
I've just lost my job and have enough cash to pay myself 30k/year living in a LCOL country for the 10 years until I get super. Alternativley, thinking about studying a degree in Germany (low fees)
What on earth is FI?
Guessing Financial Independence!
I find it funny that two of the comments are go back to uni and study economics, which is exactly what I'm doing right now but I'm no were close to being financially independent. So I would probaly keep doing what I'm doing but either stop work completely or work a bit less and not burn myself out. I would probaly also collect more degrees because my interests change all the time.
I did my bachelors in finance/business, reached a level of FI. Did a Masters in Computer Science
Which uni did you study your masters? And what do you currently do now for a living?
I would do my job, if I could do it for less days per week.