Reply to: Warchest Advice with loan?

[SueEllen]

For the doom merchants out there, curious to see if there are any examples of people that tried to go contracting and fell on their backsides? I'm not saying it hasn't happened, though I haven't read/heard about anyone that failed miserably...

We have had them on here and tried to help them.

I have seen them on other forums and people have tried to help them.

[northernladuk]

For the doom merchants out there, curious to see if there are any examples of people that tried to go contracting and fell on their backsides? I'm not saying it hasn't happened, though I haven't read/heard about anyone that failed miserably...

We've had plenty on here and they are the ones that bothered to find a forum of their peers and get involved.

[Scratch It]

I recently made the move into contracting under similar circumstances, though admittedly I do have a modest second income through an already active limited company which I was operating on the side. Feel incredibly confident that I made the right move, and feel that I might have waited too long to make the jump, to be honest.

For the doom merchants out there, curious to see if there are any examples of people that tried to go contracting and fell on their backsides? I'm not saying it hasn't happened, though I haven't read/heard about anyone that failed miserably...

[northernladuk]

This has turned in to one of PC's rambling live blogs.

[jmo21]

I went contracting with debts and no warchest. Best move I ever made

that settles it then.

OP go for it!

[radish2008]

Were you married with children at the time?

I was. Married with three kids. All teenagers. Up to my eye balls in debt.

[WTFH]

I went contracting with debts and no warchest. Best move I ever made

Were you married with children at the time?

[hydraulicwave]

I went contracting with debts and no warchest. Best move I ever made

[codedaddy]

Simple solution is to send the wife out to work during the week.

In fact send the kids out too.

That's only becoming more of an option once youngest starts full time school in September.

[vadhert]

Simple solution is to send the wife out to work during the week.

In fact send the kids out too.

[northernladuk]

Fate and a superior intellect combined with world class technical skills and business acumen ;-)

So you are saying you got lucky with a desperate client then?

[oliverson]

Thanks for all the replies people. Liked them just to show I have read each one.

So I do have a mortgage, wife and 2 kids. I do get a pretty decent wage permie at 45k but I have that much going out paying off debt which added over the years after looking after my family and never getting my original pay rise constantly until recently.

Jobs pretty stable been here 5 years but it's a bit toxic and getting worse all the time. More reason to leave.

My skill set is full stack developer. I have a wide range of different experience and am very good at what I do even if I say so myself.

Looking for frontend role or javascript role ideally.

I admit the 6 month savings thing has me beat as I know that will not happen for a very very long time. [emoji20]



Edit

Wife does work weekends but not enough money to cover us although she has said she could work more in the week if it's helps moving jobs

I'm not surprised you want to go contracting. How the hell can anybody survive in this day and age on £ 45k with a wife and family to support?!?! The trouble is, can you be successful against a backdrop of superior competition and a dwindling market? I ended up contracting after being laid off in the dotcom crash and 12 months without work. In your shoes I doubt I'd have made that decision willingly. But it worked out for me. I'm a firm believer in fate. Fate and a superior intellect combined with world class technical skills and business acumen ;-)

[doconline]

Oh you tease!

Nothing exciting. Got approached about a front end developer role at a bank that might be good for the OP. Happy to wait for a month notice period if needed as they need 4 Dev's apparently.

Of course it should be taken with a pinch of salt as it's from an agent.

But sent details via PM.

[TheFaQQer]

Sent you a PM, might help

Oh you tease!

[quackhandle]

Get another permie job with higher salary and better benefits, or at least start looking!

No point in staying (and saving) if it is as bad as you say it is.

Good Luck.

qh