WHats Your Definition Of A Big Enough War Chest??

[OrangeHopper]

Really? Most here have much more experience contracting than I, but if you can't find work for a year that suggests to me you're not that great, cost too much, or are too inflexible.

I will take that as a wind up. I sincerely hope you never have to experience being out of work for a long time.

[Olly]

I will take that as a wind up. I sincerely hope you never have to experience being out of work for a long time.

He's right though, although the inflexibility might be down to family commitments or something that isn't worth sacrificing.

I'm doing a crap £100 a day job to fill the time.
If anyone's out of work for a year then I suggest they do the same and if you can't land one of those then....ahem...

Ok, holding out for a good £400 a-dayer, close to home that uses your skills may take a year but isn't that largely your choice?

If you "can't" work because of sickness or whatever then fair enough, but statutory sick pay you may get if you're a permie isn't much either is it?

[milanbenes]

alright let's put some perspective on this, how much do we need,

it actually ties in very well with the subject of how much do we need to retire on

i reckon today it costs about x,000's euros a month for my household to live nicely

i'd like to retire with a fund providing y,000's euros a month

therefore, the two tie into each other

and for example, your war chest, well isn't it actually inherited by your pension fund ?

dig into your war chest you're digging into your pension fund

as to when can I retire ?

well that's when I have a fund which will sustain a debit of y'000's euros per month, until the end of my life

Milan.

[EternalOptimist]

alright let's put some perspective on this, how much do we need,

it actually ties in very well with the subject of how much do we need to retire on

i reckon today it costs about x,000's euros a month for my household to live nicely

i'd like to retire with a fund providing y,000's euros a month

therefore, the two tie into each other

and for example, your war chest, well isn't it actually inherited by your pension fund ?

dig into your war chest you're digging into your pension fund

as to when can I retire ?

well that's when I have a fund which will sustain a debit of y'000's euros per month, until the end of my life

Milan.

the end of your life ?
keep banging on about euros around here, and I doubt you will make it to the end of your life

[rootsnall]

I think I know what Milan is on about

If you are not a whipper snapper, and certainly if you are 40+ and have been a long term contractor then your war chest should be a big un ( ie. measured in terms of years, not months ) unless you intend retiring as a pauper or working until you drop.

[OrangeHopper]

I'm doing a crap £100 a day job to fill the time.
If anyone's out of work for a year then I suggest they do the same and if you can't land one of those then....ahem...

Explain how you got this job then. How did you get the agent, let alone the employer, to take you seriously?

[milanbenes]

roots, quite

hence my trying to put some perspective on this stuff,

these war chests are actually, in object oriented abap terms, inherited from the pension plan

and if you're war chest has funds to sustain 18 months then yes as roots says, you gotta problem

you need to be talking years folks

Milan.

[EternalOptimist]

roots, quite

hence my trying to put some perspective on this stuff,

these war chests are actually, in object oriented abap terms, inherited from the pension plan


Milan.

I disagree.
I see the warchest in SQL based application terms, where the warchest becomes a temp table , but only exists when it is drawn upon.

i.e. it is different from the main table because it is disposable and has different properties.

[OrangeHopper]

Sorry milan but am I missing the point here? What happens if your pension is actually tied up in a "real" pension and therefore not available as a get-the-money-now-war-chest. I accept that what you have in a liquid war chest can become part of the pensions but not the other way round if you have a traditional tax-free-contribution-buying-fund-for-future-purchase-of-annuity pension.

[Olly]

Explain how you got this job then. How did you get the agent, let alone the employer, to take you seriously?

I told them I wanted something close to home, that the market was dead and it may take many months to find a "proper" job, that I'd be happy to do it for chance to learn a new business area and some new skills...etc etc

The employer is happy and whilst I guess they know I could jump ship at any moment they seem fine about getting me for a quarter of what I'm usually on.

You could dumb down your CV too if you wanted....I didn't.