A huge leap of faith.

abu13

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I spoke with a close friend of mine today, he is 55 years old and I know he has been stressed with work for a good while.

He told me a few weeks ago that had made the decision that his mental health is more important than anything else, and he wanted to pack in working. He is in a well paid job, mortgage free, no debt and his kids have left home. He told me that he has around £50k in savings and over £250k in his pension pot, he just thought that he isn't prepared to deal with the daily grind anymore. At the time I thought he was just sounding off, jump back to today and he has only gone and done it, given his notice and not looking back.

He is taking 12 months out to chill out and "find himself", going to take a few holidays and go to the gym each day to get himself fit. He is going to see where things take him and enjoy life for a while. I should mention that his wife is doing the same, it seems she is fully on board with it and was just waiting for him to pull the trigger.

But it got me thinking, would I be prepared to do the same? It just seems like a huge risk to take at a time when he is doing so well financially, then again his mental health is more important. I'm not sure that I could.
There would be the worry about getting back into work in 12 months time, would I even want to go back to work? I doubt it. And the fear of eating into the savings each month and the dread of any major unexpected expense.

On the other hand I think he has just become my new hero, he hasn't ever been the impulsive type but seems to have gone all in this time. He got me thinking when he said, at 70 years old is he ever going to regret having a year out to do the things we wanted to do while still healthy enough to do so.

Anyone else have made a leap of faith like this and how did it work out?
 
Got stuck in traffic one day. 45 minutes and I hadn't left the end of our road, that was it, it had been brewing for a while. I called the mrs, sold everything and basically 6 mths later buggered of to Catalonia in an old Transit van, bought 2 farms for the price of a cheap house in Sale. Best 8 years of my life, did things I'd never dream of doing. Tell your mate to just do it, whatever it is, he's only here once.
 
I took early retirement about five years ago, with no regrets. Fitness was key. Covid helped with this, as I could do plenty of running during lockdowns.

One of our favourite things to do has been taking free holidays, in the UK, but potentially abroad too. We've been to Yorkshire, Devon, Cotswolds, Norfolk, Harrow, Hammersmith, Anglesey, Corbridge, and most recently, Prestbury. Highly recommended.

Best wishes to your friend and his wife.
 
I didn’t work from December 2020 to September 2021 and felt great. If I can get some money together then I’d do it again.
 
I spoke with a close friend of mine today, he is 55 years old and I know he has been stressed with work for a good while.

He told me a few weeks ago that had made the decision that his mental health is more important than anything else, and he wanted to pack in working. He is in a well paid job, mortgage free, no debt and his kids have left home. He told me that he has around £50k in savings and over £250k in his pension pot, he just thought that he isn't prepared to deal with the daily grind anymore. At the time I thought he was just sounding off, jump back to today and he has only gone and done it, given his notice and not looking back.

He is taking 12 months out to chill out and "find himself", going to take a few holidays and go to the gym each day to get himself fit. He is going to see where things take him and enjoy life for a while. I should mention that his wife is doing the same, it seems she is fully on board with it and was just waiting for him to pull the trigger.

But it got me thinking, would I be prepared to do the same? It just seems like a huge risk to take at a time when he is doing so well financially, then again his mental health is more important. I'm not sure that I could.
There would be the worry about getting back into work in 12 months time, would I even want to go back to work? I doubt it. And the fear of eating into the savings each month and the dread of any major unexpected expense.

On the other hand I think he has just become my new hero, he hasn't ever been the impulsive type but seems to have gone all in this time. He got me thinking when he said, at 70 years old is he ever going to regret having a year out to do the things we wanted to do while still healthy enough to do so.

Anyone else have made a leap of faith like this and how did it work out?
Yep, 5 years ago aged 53. I was the same as your friend and had been planning early retirement for years. We downsized the house, cleared our debts and bought a campervan.

Had a great time and never looked back. Reckon the bulk of our money will be gone somewhere between 70 and 75 but don't really care.
 
I spoke with a close friend of mine today, he is 55 years old and I know he has been stressed with work for a good while.

He told me a few weeks ago that had made the decision that his mental health is more important than anything else, and he wanted to pack in working. He is in a well paid job, mortgage free, no debt and his kids have left home. He told me that he has around £50k in savings and over £250k in his pension pot, he just thought that he isn't prepared to deal with the daily grind anymore. At the time I thought he was just sounding off, jump back to today and he has only gone and done it, given his notice and not looking back.

He is taking 12 months out to chill out and "find himself", going to take a few holidays and go to the gym each day to get himself fit. He is going to see where things take him and enjoy life for a while. I should mention that his wife is doing the same, it seems she is fully on board with it and was just waiting for him to pull the trigger.

But it got me thinking, would I be prepared to do the same? It just seems like a huge risk to take at a time when he is doing so well financially, then again his mental health is more important. I'm not sure that I could.
There would be the worry about getting back into work in 12 months time, would I even want to go back to work? I doubt it. And the fear of eating into the savings each month and the dread of any major unexpected expense.

On the other hand I think he has just become my new hero, he hasn't ever been the impulsive type but seems to have gone all in this time. He got me thinking when he said, at 70 years old is he ever going to regret having a year out to do the things we wanted to do while still healthy enough to do so.

Anyone else have made a leap of faith like this and how did it work out?
Not really a huge risk with no mortgage and a pension pot already sorted. Even if he gets bored and wants a job , any minimum wage role can easily sustain him.
 

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