A little while ago I wrote a post about how I was considering taking a year off of work to explore other things. A lot has changed over the past few months and I am excited to say I’m doing it….. Kind of…
So I guess I’m not exactly taking a year off, but I am taking a year part-time. I have reached an agreement with my work that I will now only be working Tuesday, Wednesday, Thursday with a 4 day weekend, every weekend!! Today is my first Monday off work (I know this Monday is technically a holiday anyway, shhhh) that isn’t a vacation day in at least 10 years. I have already written a post, mowed the lawn, cleaned up the camper from a weekend away and it’s only 9:30 am. It appears I’m not going to have any trouble keeping myself busy. The only downside to all this is that while I will only be working 60% of the time, predictably I will only get paid 60% of my wage.
Now here is the funny thing, we already save 100% of my pay so a reduction in my wages will have zero effect on our day to day lives. The only thing this is going to change is how quickly we are adding to our investments and therefore how quickly we reach FI. But, I HAVE crunched the numbers – and if I work for one year at 60% it will only delay FI by about 6 months. This doesn’t include any possible side work that I may pick up. So why does this make me feel so nervous?
It is something I have been wanting to do for a while, yet now that it is actually happening I have some doubts. I’m concerned over the fact I won’t be adding to my investments so aggressively. (But I should probably just stop being such a wimp).
At the end of the day, it’s a rather low-risk venture. I can always go back to working full-time and I don’t need to worry about there being a gap on my resume. If I find some contract work on Mondays and Fridays then I can likely bring my earnings back to where it is now, but with added flexibility. Or maybe I’ll have more time to write on the blog and actually publish more than ONE article per month (Doubtful).
Either way, this is hopefully going to free up some much needed time and provide me with a chance to finally catch up on the to-do list. Although this may slow down my time to FI, it is going to allow me to enjoy the journey a whole lot more. After all, it’s the journey, not the destination, right? At least that what I have been told.
Would you ever consider part-time work? Is it better to sprint to the finish or enjoy a slower run? I guess I’m about to find out.