Reply to: Does anyone not have a plan B?

[TimberWolf]

So is working on a plan B, plan A or plan B (or other letter)

[Shimano105]

Plan A - contract

Plan B - perm

Gives me the incentive to work on plan A.

[ghl]

Plan A: Do the important things in life - loz around at home, spend time with the missus and my little boy, read the papers, watch footy, travel, see the world.

Plan B: go contracting to earn money for Plan A.


So far this year: 19 weeks on Plan A, 30 weeks on Plan B. A good mix methinks.

[norrahe]

plan a contract, earn money, retire

plan b - take time off every so often to go travelling and then go back to plan a

plan a isn't working out so well, took time off for plan b and ended up on bench after coming back from travelling

[ratewhore]

my plan B was tulip so it's back to plan A with a bit of added insurance to cover IR35...

[Platypus]

Some people are under the misconception that buying a £50 off the shelf LTD company in order to avoid tax has somehow given them the entrepreneurial skills of Richard Branson.

Harsh .. but fair !

[ChimpMaster]

I don't have a plan B as such. I see contracting as that once-in-a-lifetime opportunity that I've been given, to earn more than I probably ever will again in my life. It's only been a couple of years so far but I'm hoping to get another couple of years and then I'm alright Jack.

If anything, my plan B has been to save and invest, which is where all of my surplus income goes. The aim is that by the age of 40 I'll be able to kick back and not have to worry about the next contract, i.e. work to play only.

[Crossroads]

As per Fitz and Expat...Plan B needs to be Plan A to succeed.

I have my Plan B - contracting - and it has cleared the mortgage on two houses and bought me a few nice toys by my thirties (I know, I know, I'm a late started, I actually spent a good few years as a permie getting some experience first).

What I don't have is the creativity or the balls to come up with a Plan A and then risk my hard earned on it.

I guess my Plan A is retire, with probably some meaningless part time work to pay for beer.

[expat]

I've already expressed my views on this whole "Plan B" business

Fitz is right: if you think of it as Plan B, it's a loser plan from the start. Only if contracting is just your Plan B will the other plan have any chance of working.

It's my Plan A and I don't have any doubt about it: even at its worst, anything else short of retirement is even worse, and certainly less well paid.

[BrilloPad]

I have no plan B.

[SallyAnne]

I've not got a plan B. All I've got is a plan A. Contract. Retire.

Exactly my plan too!!

[coultog]

My plan B has been going for three years now.

I sell cheap chinese junk online. The business has just moved into a 500SQFT unit and we now employ a couple of part timers. When my contracts come to an end, I work on that full time, while looking for the next role.

Things are going well, just not well enough to leave contracting

[NetwkSupport]

Wow! I had an idea like that, but binned it as it was stupid

She spent over 100k of her own cash on the stupid idea...

[NetwkSupport]

My plan B is to get a job in B&Q. Not much of a plan I agree, but better than starving. Just.

They might not be recruiting if the downturn in the house building and decorating industry further declines.....

I reckon good plan b's are studying for jobs for the after effects of the downturn:

Counsellor
Debt Councellor
Debt Advisor
Debt Collector/Baliff
Etc....

[MarillionFan]

Like the Shuc (The shower holder upper)

http://www.shuc.com/

Wow! I had an idea like that, but binned it as it was stupid