I’ve been lurking with my regular account, learning a lot from all of you, enough that I made a throwaway to share personal details anonymously.
I’m a 52 year old IT manager, I’ve been thinking of leaving after 15 years at a major financial institution. The projects I’m associated with are about to take a new direction and they have told me they want my role to evolve in a way very different from the career path I’m comfortable with. I’ve tried to generate an interest for the past four months - I just have none.
I make $170k and have $700k in retirement, $100k savings, I have $250k equity in a house I owe around $340k on. I’ll get another 50k when I leave between bonus and vacation payout. I own both my cars outright and have no other debt. Livening in Los Angeles.
In 15 years, I’ve never been able to make a dent in personal projects for myself. My plan is to take on two projects - one is illustration (I’m a former art major) and the other is to finish my house and sell it. I want to focus on these for a year, and possibly incorporate some consulting along the way. I want to see who I am if I give myself the chance to chill out and organically discover it.
I don’t mind doing something unconventional. I have no dependents, I’ve always been comfortable with risk. I think the bigger risk for me would be to stay another 5 years and be disappointed that I did. The market for people with my skills is strong right now, particularly in Los Angeles, but I really don’t want to get tied down right away.
Of course there is my monthly mortgage at $3k and I know insurance will be one of my bigger expenses. I’m worried I’ve become used to a cush lifestyle but I’ve lived in a tiny studio before and feel like belt-tightening and a more thoughtful approach to spending would be healthy.
What am I forgetting, not giving enough consideration to?
Submitted March 31, 2018 at 09:12PM by ginormous-throwaway https://ift.tt/2uBLtDo
