I have around 3 years of expenses saved up (assuming 0 income and no change of lifestyle, 4/5 years if we reduce some things like gym/sport classes/streaming/etc (flat is paid for, we are very frugal and live minimally except those sport things). My gf makes enough for us to continue with our lifestyle if I stop working 100%.
I want to take 1-2 years off and just focus on writing some software I enjoy, that may or not make money, but something that actually makes me enjoy looking at a screen vs wanting to punch it.
I have 20+ years experience and until now I never had a problem finding a job (even after the 2008 situation), but now with a kid, older, afraid that this economic situation will be multi year long and that if none of my projects I want to make takes off, there may not be a decent job market to come back to in a few years.
Long post (sorry), but if HN users had 2/3 years of savings, would you take this time to recharge and work on your own projects, or keep it safe and keep a stable job with decent pay (4x your monthly expenses)
I've been fearful for years of taking my foot off the gas, unsure I could step back in to things. Ageism has seemed to be a thing among some of my colleagues/friends, so the older I get, the more nervous I get. But yeah... savings... similar - probably 2-3 years of cash on hand, but we're in the middle of some house remodeling. That may take it closer to 1.5-2 years when it's done. But I'm just so.. tired of the rat race and need some time off. A day at the beach doesn't really cut it. 3-4 days won't cut it, I don't think. I need some extended time on 'no work' or possibly at least 'reduced' work.
I can't tell you what's best for you, but personally I would not choose this moment as the time to stop trying to make money for 1-2 years. assuming you live in the US, you are halfway through your career and not on track to retire after part two. if I were in your situation and really hated the current gig, I would probably try to find a new job with comparable pay and arrange for a 1-2 month gap before starting.
You're not a cynic. That's the most healthy approach to working for others, with no stake and little to no agency. The culture in certain countries (US, Japan, South Korea) is trying to brainwash people into "giving it all" to their meaningless jobs and stigmatizes people who won't. It's all just psy-ops though, and people who fall for it are the real morons and/or simpletons (they often wake up with a "mid-life crisis" later anyway).
I'm looking forward to really relaxing, recharging, healing, living more healthily, and generally getting back to being the better version of myself that I know is in there somewhere. I'm also looking forward to a deliberately empty professional future, and seeing where serendipity takes me. (This is why I'm not taking a sabbatical.)
Like you, I have a relatively low cost of living, and I'm comfortable that even if I can't find something great when I decide to go back to work again, I'll be fairly easily able to find something that's sufficient to cover my expenses.
When you're older and looking back at your life, I think it's unlikely that you'd regret taking this opportunity; but you might regret if you didn't.
I don't know if it's the same for someone with 20+ years of experience, but now probably a good time to not get a new job. Perfect time to continue studies or do your own thing.
I think at your age, the concern is ageism. Too long in the weeds and you get tired, cynical, resistant to change. Nobody would fault you for having a resume gap with that much experience.
So just playing with tech sounds like the best career choice at this point.
Feeling this too, and I think most of the comments are right. Take some time off and refocus and relearn how to enjoy life without the baggage of whatever you're hanging on to right now.
I'll add my personal anecdote. I recently took off almost a year, and have decided I'll be taking off an unspecified amount of time from "working". Might be 1 year or might be 10 years -- I think leaving it up to when it feels right is best.
If you have the finances sorted out for a few years off, do it. Things might be worse, the time off will be worth it. Things might get better, and you'll be well rested and prepared to act on it.
It might be good for your mental health to spend some time working on things you enjoy. Rich Hickey did that and now we have Clojure: https://download.clojure.org/papers/clojure-hopl-iv-final.pd...
I would make sure your family fully supports the idea before starting.
Also... if things get that bad, there's no guarantee you'd have stayed employed anyway.
> I want to take 1-2 years off and just focus on writing some software I enjoy, that may or not make money, but something that actually makes me enjoy looking at a screen vs wanting to punch it.
This sounds a bit odd. What is this, a hobby, or recreation? Hobbies and recreation are fine, but they are probably not an alternative to gainful employment or a profitable business.
If you want start your own company, that could be an option, but it may involve thing things that you don't enjoy, and/or wanting to punch a screen.
For example, some German companies offer various degrees of safety for workers who want a sabbatical. If you can be guaranteed a job, it's great.
Another thing to consider: rule two of investing club is "don't time the market". You may wait your entire life for the right conditions. Some people do. You can also take the plunge and hope for the best.
The other option is to do your minimum job and put your real energy into your own projects.
I think you just need to rebalance your WLB. I wrote a book about this recently(in bio). You have lost your meaning and you have to work on that before making this decision in my opinion.