So I have the opportunity to cut back at work and want to see what people think about the option. I am currently a W2 attending 5 years out in private practice making around 400k with 8 weeks of vacation. The option is to reduce my time to 75% which would basically increase my time off to almost 18 weeks a year.
My financial situation:
Mortgage 580k left (valued at 900k) @3.7%; planning on paying it off in 12 more years.
Student loans 48k @1.25% so no rush paying them off
No other debt.
600k in tax protected accounts and 200k in taxable.
If I continued on at 100% I think I could FIRE in 12 years when the house is paid off.
Taking this position would obviously delay that, but I think my day to day happiness would be significantly increased.
Anyone else decided to cut back at a relatively young age?
My financial situation:
Mortgage 580k left (valued at 900k) @3.7%; planning on paying it off in 12 more years.
Student loans 48k @1.25% so no rush paying them off
No other debt.
600k in tax protected accounts and 200k in taxable.
If I continued on at 100% I think I could FIRE in 12 years when the house is paid off.
Taking this position would obviously delay that, but I think my day to day happiness would be significantly increased.
Anyone else decided to cut back at a relatively young age?
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