Originally posted by NotAllThere
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Reply to: From contractor to permie
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Previously on "From contractor to permie"
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Originally posted by TheBigYinJames View PostI love horses though If anyone is curious what a BYJ looks like in the flesh, here's me on a horse:
http://www.bampotty.com/riding/IMAG0057.JPG
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Originally posted by TheBigYinJames View PostMy 5 year plan involves buying a house int he country with land for horses, and then only working 6 months a year.
Bloody things don't half soak up the cash when you compete.
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Originally posted by TheBigYinJames View PostI have been told point blank at a permie interview that as a contractor, he had no confidence that I wouldn't up sticks and go as soon as the market improved or I'd picked up a new skill. And he was absolutely correct, so top marks to him. A week later I got a decent contract and never looked back.
He was basically admitting that 'lifestyle' permies are more likely to stay out of inertia, and that was the sort of person he needed.
In the last 17 years of contracting I've toyed with the idea of permiedom a few times, but not taken the step.
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Originally posted by Advocate View PostDon't get any horses though, they'll really mess up the nice land...
http://www.bampotty.com/riding/IMAG0057.JPG
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Originally posted by Advocate View PostDon't get any horses though, they'll really mess up the nice land...
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Originally posted by contractor79 View Postbeautiful
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Originally posted by TheBigYinJames View PostMy 5 year plan involves buying a house int he country with land for horses, and then only working 6 months a year.
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Originally posted by contractor79 View Postat what point do you think a contractor can really feel comfortable? house bought outright, no more pension contributions reqd, 5 years salary in comp acc?
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Originally posted by b0redom View PostMy opinion is that whatever the market does, by far the biggest bill people will pay is their mortgage/rent....
but no, I have no property and spending is very small compared to income. I luv contracting really
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My goal is to get to owning 5 houses outright (one of which I'll live in). Then I can sit back and watch the wonga roll in. Unfortunately I'm a LONG way away from that now.
My opinion is that whatever the market does, by far the biggest bill people will pay is their mortgage/rent....
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Originally posted by TheBigYinJames View PostYour suceptibility to permie offers is in indirect proportion to the amount of rainy day / Plan B money you have squirrelled away. If you have no appreciable savings, then a permie job may become the only option in times of downturn. I've done it in the past.
Lessons to be learned: next time you'er on a good wonga, make sure you get 6 months - 1 year of living in the bank before you start spending on holidays and gadgets. The buffer is invaluable in times like these.
however
I'd say I have 1.5-2 years of salary in company account now
and starting to reach a point where thinking how much more do I need, and how cushy a permie job would be with all the holidays, sick days etc.
then again the downsides are major, as discussed
at what point do you think a contractor can really feel comfortable? house bought outright, no more pension contributions reqd, 5 years salary in comp acc?
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Originally posted by the_rangdo View PostI'd be mighty upset if i couldn't get something in that time. I must have some permie withdrawal symptoms after 16 years as a wageslave.
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Originally posted by TheBigYinJames View PostLessons to be learned: next time you'er on a good wonga, make sure you get 6 months - 1 year of living in the bank before you start spending on holidays and gadgets. The buffer is invaluable in times like these.
I'd be mighty upset if i couldn't get something in that time. I must have some permie withdrawal symptoms after 16 years as a wageslave.
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