41/m/single/no debt
My job is severely taxing to my mental and physical well-being. I have no set schedule and usually work six days a week. It's not uncommon to work 50-60 hours a week on average. Some weeks have even been 80 with my highest ever weekly hour total being 115. I'm expected to pack a bag and travel with no notice and be gone for days or even weeks at a time. Some days I start the workday at 4 am, some days it's 2 pm, and everything in between. I find out the night before every night. I end up neglecting myself and not being able to have any semblance of a social life or get sufficient rest or eat right and exercise.
I currently live in a HCOL city. I'm considering leaving my job in a year or two and purchasing a house outright in my hometown for $80-120k. I'd be close to a few friends who still remain there and more importantly near my aging parents. I feel like I'm missed time with them by moving around so much the past seven years for my career. I'd be able to help around the house with things they can no longer do.
The house would be a two or three bedroom which would allow me to rent a room or two out if I desire. With no mortgage payment, I would expect to pay around $300 a month for property taxes and homeowner's insurance. I'd get a job working the minimum required to receive health benefits and 401k contributions. Many employers offer benefits for those working four eight hour shifts (32 hours) which would allow for the work/life balance I'm desperately seeking for my own sanity. I could date or have a dog and hopefully enjoy life again. The job could be something that doesn't pay much. It's just for the benefits and for something to do.
Does this sound like a good plan?
Current Financials:
Projected 2021 earnings (and future years at this position): $150k **only been at this income level for 1.5 years, made roughly $35-55k in years prior*\*
401k: $147.4k
Roth IRA: $13.8k
HSA: $2.5k
HYSA: $15k
Taxable Brokerage Account: $50.2k
**Have $77k for home purchase between taxable brokerage, savings, and Roth contributions. Will have even more after working for another 1-2 years and saving with low expenses and spending.*\*
**"Retirement" refers to working a 32 hour job compared to working double that now.*\*
Submitted October 12, 2021 at 09:38AM by NELA_21 https://ift.tt/3DtftQe
