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how big should your warchest be?

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    how big should your warchest be?

    Had a discussion with a friend who's been offered a contract and is thinking of leaving permiedom for it.

    This ended up with a talk regarding the optimal size of one's warchest. I told him mine is set to cover me for 2 years, and he claims that's rather extreme and surely one shouldn't need more than 6 months if that.

    What do you guys think?

    #2
    It's all down to your attitude to risk.

    I'd say 6 months is the bare minimum and if you can stash more then you should.
    Doing a stroll around Windsor on 11 Sept 2 Oct for Alzheimer's Society. You can chuck me a few quid here if you like: https://www.justgiving.com/fundraising/lmallen-1

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      #3
      Originally posted by ladymuck View Post
      It's all down to your attitude to risk.

      I'd say 6 months is the bare minimum and if you can stash more then you should.
      That seems prudent. Also I think one should factor in the normal demand and availability for one's skillset and plan accordingly.
      I've never been without a contract for more than 2 weeks, but I tend to be over prudent - I'd rather be safe than sorry. But my friend seems to be blinded by the amount of money he'd get and doesn't, imho, consider the risks that come with the move (in NL it's a bit harder to move between contract and perm because mr Taxman is a bit of a c-word).

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        #4
        10 to 20 years should be adequate IMO.

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          #5
          Originally posted by BR14 View Post
          10 to 20 years should be adequate IMO.
          we call that a retirement fund

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            #6
            Mine runs out when i'm 120 years old .... I'll start to think about it in more detail when I get my telegram off King William
            I am what I drink, and I'm a bitter man

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              #7
              Originally posted by BR14 View Post
              10 to 20 years should be adequate IMO.
              Originally posted by Whorty View Post
              Mine runs out when i'm 120 years old .... I'll start to think about it in more detail when I get my telegram off King William
              so, next month?

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                #8
                Originally posted by lorakeen View Post



                so, next month?
                Cheeky git ... no, April 2023
                I am what I drink, and I'm a bitter man

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                  #9
                  Originally posted by BR14 View Post
                  10 to 20 years should be adequate IMO.
                  Originally posted by Whorty View Post

                  Cheeky git ... no, April 2023
                  "baack in the days of Wiliam the Conqueror..."

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                    #10
                    This size is best.

                    Click image for larger version

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                    qh


                    He had a negative bluety on a quackhandle and was quadraspazzed on a lifeglug.

                    I look forward to your all knowing and likely sarcastic and unhelpful reply.

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