10 year period contract duration

[lukemg]

How do you stay on 1 site for 5.7 years - you disguised employee you!

I always get itchy feet after 9 months unless

Guilty as charged ! by the end I hated it, was in a terrible rut but market had dropped and I had to stay or take a 40% pay cut elsewhere. Finished just as IR35 was getting going so home free on that score. Never ever do more than 2 years is my advice and preferably less (not a problem with restrictions these days e.g.11 month rules), you get stale, skills atrophy and the slippers start to feel too cosy.

[bobhope]

Only been 3 years for me so far. I keep thinking another couple of years may be enough, as in financially, to keep me happy for a while.

A lot of my thinking is spent on planning my financial freedom. So in all seriousness I ask the following question -

After > 10 years, have you guys set yourself up in a comfortable financial situation? Could you afford to not work for a long time, or even at all?

It's definitely one of the advantages of contracting: there's not really the fear of losing your job and worrying about money. Permies have to worry about the threat of being sacked.

Last time I checked, had about 10 years of expenses in the bank (i.e. could do without working for 10 years)

[Lockhouse]

After > 10 years, have you guys set yourself up in a comfortable financial situation? Could you afford to not work for a long time, or even at all?

Not me. Women, cars and decent food and wine have kept me relatively poor. You're not here for a long time, you're here for a good time - that's my motto.

[thunderlizard]

4 days
3 months
3 days
2 weeks
(all this while still in full time education)
7 months
3 months
1 month
4 years
4 days
2 years

[someone has my name]

For me..

6 years
4 months
3 months
5 months
4 months
9 months ( being extended will be a year)

dont like staying too long in once place as I get bored...
but does it look bad on my CV?

[BlasterBates]

Only been 3 years for me so far. I keep thinking another couple of years may be enough, as in financially, to keep me happy for a while.

A lot of my thinking is spent on planning my financial freedom. So in all seriousness I ask the following question -

After > 10 years, have you guys set yourself up in a comfortable financial situation? Could you afford to not work for a long time, or even at all?

Well you can calculate. In ten years you could gross £880,000 (£400 220 days) ok now 70% of that is £660,000. So subtract what you spend over 10 years and that is roughly how much you'll have. I reckon you could have £300,000-400,000.

[wendigo100]

Well you can calculate. In ten years you could gross £880,000 (£400 220 days) ok now 70% of that is £660,000. So subtract what you spend over 10 years and that is roughly how much you'll have. I reckon you could have £300,000-400,000.

Why have I got feck all then?

[sasguru]

Well you can calculate. In ten years you could gross £880,000 (£400 220 days) ok now 70% of that is £660,000. So subtract what you spend over 10 years and that is roughly how much you'll have. I reckon you could have £300,000-400,000.

You can get more than that by doing nowt and BTL.

HTH

[BlasterBates]

Well that is a theoretical figure

I know I feel the same way .

[thunderlizard]

Last time I checked, had about 10 years of expenses in the bank (i.e. could do without working for 10 years)

Similar situation for me. Hence my 3-months-and-counting on the bench has been tainted more by bad weather and existential angst than financial worries. Which is nice.