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To become a contractor you need at LEAST 4 months money in the bank.
Agreed - I'd say 6 months, but 4 is MINIMUM. Tit that I am, 10 weeks back I thought I'd get a contracting gig in no time - WHOOPS!!! Economic downturn, etc... pooing my pants after 5 weeks of sweet FA. My savings were nowhere near enough. Permie & rather smug now, but bloomin' lucky to have come out the other end in one piece!
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