£0. Just worked permie until I found a contract that was prepared to wait my notice period. They do exist.
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Who needs a warchest?
Live fast, screw the client, claim benefits...Rhyddid i lofnod psychocandy!!!!Comment
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You really do bring much of the grief you receive on here on yourself, don't you?Originally posted by psychocandy View PostClarity is everythingComment
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Not all of it; when it gets too tough he/she claims it's offensive then cries off to the mods leading to 'infractions'...Originally posted by Old Greg View PostClarity is everythingComment
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Interesting thread.
Personally, I started off with about 1 month, however, got the first contract immediately, which lasted 12 months, during which time I only took the same amount as my previous permie job. At the end of that, I had around 12 - 24 months of funds.
I've maintained that for the past 18 years and my "warchest" is completely separate from my other investments & savings.
I am a bit of worrier when it comes to money, so to give me peace of mind I have to have a plan. With the help of Excel I know that if my income just stopped dead tomorrow, I'd be able to go 6 months without making any lifestyle changes, six months with some moderate cut-backs and six months with some fairly drastic cutbacks.
If I ever get to stage #3 it's time to look for a permie job.Comment
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I also find it interesting how permie-to-contractor is considered much more difficult than contractor-to-permie.Originally posted by tomtomagain View Post
Like, finding a permie job is the last option but "hey no problem I'll get a permie job in no time".
It's not like this in real life
Companies do look at you weird when you're a seasoned contractor and you're looking for a permanent job. Most of them are worried you'd just dump them as soon as you get your hands on a new contract.Comment
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My great UK monthly pensions is my war chest!Comment
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It depends on how you position it and the type of company you apply for. I know people who have switched between the two easily enough.Originally posted by MattZani View Post
These days the "Company Lifer" is much more of a rarity. People move around jobs far more frequently than they did 20 - 30 years ago. So being a contractor is much less of a novelty.
Having said that I've been living entirely off my "Plan B" for the last 4 years and not had a contract OR permie job. If things go titsup for TTA Enterprises then I'll be looking for a contract after 12 months and the permie job after 18.
"Well Mr TTA, I see you are a failed entrepreneur, why do you think we should give you the contract?"Comment
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