Gap time off between jobs or taken as a leave of absence while working
An unpaid leave of absence that guarantees you will be able to return to work
Bring new skills or knowledge back to the company
Reduce stress-related issues at work
Feel more satisfied with work
Lower turnover by coming back
Country | Minimum Leave | Total Leave |
---|---|---|
France | 5 weeks | 8 weeks |
Denmark | 5 weeks | 8-9 weeks |
Sweden | 5 weeks | 6-7 weeks |
Ireland | 4 weeks | 5 weeks |
Australia | 4 weeks | 5 weeks |
Netherlands | 4 weeks | 5-6 weeks |
US | 0 (2 weeks avg.) | 3-4 weeks avg. |
😣
😍
An unprotected, unpaid leave of absence that you can request for any reason
10 weeks in Summer 2021
I actually made more after that
Runway Needed (R)
Monthly Expenses (E) * Months Off (M)
M = Vacation Months (V) + Buffer Months (B)
Monthly Expenses | 3 Month Runway | 6 Month Runway | 1-Year Runway |
---|---|---|---|
$3,000 | $15,000 | $24,000 | $42,000 |
$5,000 | $25,000 | $40,000 | $70,000 |
$8,000 | $40,000 | $64,000 | $112,000 |
$11,000 | $55,000 | $88,000 | $154,000 |
Assuming a buffer of 2 months
Offense: Increase Income
Defense: Decrease Expenses
Harder. Side hustles, freelancing, gigs, new job.
Easier. Unsubscribe, cut, downsize, minimize.
Savings Rate | 10% | 20% | 30% | 40% | 50% | 60% | 70% | 80% | 90% |
---|---|---|---|---|---|---|---|---|---|
Weeks | 120 | 60 | 40 | 30 | 24 | 20 | 17 | 15 | 13 |
Sept-May ~= 40 weeks
Year-end bonus
Advance Child Tax Credits
Additional income and spouse's salary
Used some paid vacation upfront
Pay medical premiums out-of-pocket
No contributions to 401k or HSA
Had to reinstate some benefits
No vacation accrual
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