Size of Warchest?

[kandr]

What do you mean by 'lifestyle of a contractor'?

Bigger house better car, prettier women, great food, latest gadgets......

[xchaotic]

There is only one good size: "growing". If it ain't go back to permiedom and make you're your pension contributions are sorted.

[DimPrawn]

Bigger house better car, prettier women, great food, latest gadgets......

Bigger knobs.

[kandr]

Bigger knobs.

Yeah thats true, you can but the latest penis enhancing kit.

[d000hg]

Just go for it, you can always go back to permie if you fail.

I don't think getting a permie job is that easy right now either. Especially if you're tainted as a contractor.

[filthy1980]

be wise, pay off any debts, overpay on your mortage, don't tell your other half how much your earning, stash money in accounts with a pass book only

upgrade your lifestyle by becoming freer then the next man no debt means you are your own boss

[d000hg]

be wise, pay off any debts, overpay on your mortage, don't tell your other half how much your earning, stash money in accounts with a pass book only

That's a great way to induce self-fulfilling prophecy.

[northernladuk]

Rasesh, do you like films about Galdiators?

Monday morning fail!

[kandr]

I don't think getting a permie job is that easy right now either. Especially if you're tainted as a contractor.

I honestly though some of the permies I worked with were mentally impaired, so I don't think t would be much of a difficulty.

[al_cam]

upgrade your lifestyle by becoming freer then the next man no debt means you are your own boss

I like this very much - very well put. I couldn't agree more.

don't tell your other half how much your earning

Not sure I agree with this but when Mrs C whinges about friends having better phones, tv's or whatever than us I just remind her about things like her 3 day week and our wonderful (nearly paid off) home. Soon shuts her up...
Expensive toys are nice but not having to take gigs miles away or being able to take nice long breaks between gigs and spend time with the family is nicer.

I usually build my warchest up at the end of a contract to a year just in case, but at the start of a contract, let it drop a bit. My mortgage is also offset so I could even eat into that worst case but as someone else said - it depends on your attitude to risk.