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I don't know how long you've been contracting so it's difficult to advise (judge?!) your situation.
I have always viewed contracting as a temporary part of my working life. Temporary doesn't have to mean a few months; in fact it's been 8 years for me and if I'm fortunate I will get another year.
I have appreciated every single year that I have contracted and I have for better or worse planned for the worst case scenario: I have been paying off my mortgage, saving, investing and trying to build up residual income. In some ways I have treated each year of contract as my last, but that's also because I'm highly skilled in an end-of-line product and fully expect next year to be my last in this field.
I will most likely have to go permie after this contract ends next year, but I have put myself in such a position that I can (hopefully) be that little more selective. Nothing is ever constant though, and unplanned events can turn your life on a dime, but you've got to plan best you can and hope that things turn out even better.
If you do go permie, make sure you get something out of it too, I mean like in terms of training, new skills, fulfillment or whatever. There has to be something that keeps you happy.
Best of luck.
To think I wrote this post only a week ago and am now considering giving up my contract for a permie 'opportunity'!
Unless the low rate is so low that you're better off permie, I'd stick with contracting.
Or the offer is so good that you're better off permie
just sayin like...
"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
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