346: Finance Friday: How Sabbaticals Make You Happier, Healthier, and Wealthier
Taking a sabbatical from work requires a few things: time, money, and the willpower to do some soul-searching. Most people think that they can’t take any more than two weeks of the year off work. They rack up excuses, blaming timing, too many projects, and everything in between. But what if taking a sabbatical, gap year, or any other type of long-ish break was the key to building wealth faster and being a happier, healthier you?
Today’s guest Cindy, left a high-paid, stable job to take some much-needed time off. And after doing so, she’s urging you to do the same. Cindy, like most Americans, hasn’t taken time off since starting her working career. Besides the regular vacations and holidays, there never seemed like a good time for Cindy to take a break, recollect, and ask herself what she truly wanted. After taking a mini-sabbatical, she built up the courage to leave her job and hop off the grid for a bit.
Surprisingly, Cindy’s net worth didn’t dwindle during her time off—it grew! This positive push from the markets and her newfound clarity allowed her to discover new passions, try self-employment, and later snag a much better job while continuing to work towards early retirement. If you’ve been debating taking some time off, this episode will give you all the tips you need to do so!
In This Episode We Cover
Building your list of “alternative careers” to widen your job possibilities
Branching out far beyond your job title and doing more than what your degree is in
How to sample a sabbatical to see whether or not you could handle the real thing
Quitting your job during turbulent times and how to temporarily prepare for life without work
Funding life with a job and what to do before you quit
Planning out your passions so your sabbatical isn’t put to waste
How employers look at applicants who just took a sabbatical (it’s not what you think!)
And So Much More!
Links from the Show
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