Apologies for the recent lack of updates to the site! FriskyFire just got started and already I’ve neglected it, but I swear it was for a good reason.
Recently I was offered and accepted a new job at a different software company! I wasn’t really looking for a new gig but a former manager contacted me about a position he thought I’d be good at, and I ended up taking the job. Making the choice to switch jobs was difficult, especially since I had been at my previous employer for over 10 years. The ultimate deciding factors were significantly higher pay (an additional $13k per year!), an increase in job security (the position is more of an account manager role, which is less likely to be offshored), and a reduction of responsibilities (back to an individual contributor role as opposed to managing a support team).
There were also several negatives to the new position that made the decision tougher. First, the new office is located a bit farther away from my house, so I can no longer commute to work via public tranportation. I’ve been car-free for the last seven years, so the idea of having to purchase, insure, maintain, and gas up a car was very unappealing to me. Another big negative was that after 10 years at my old company I had hit the maximum amount of combined vacation/sick time available, which was 30 days per year. Starting out at the new company I’ll only have 18 days total vacation/sick time per year. I also went from 10 paid holidays a year at the old company down to eight paid holidays at the new company, so that’s a combined addition of 14 work days a year. My new job also requires one week of 24/7 on-call time every 4 months or so, which will add significant extra stress to my life.
It was a tough call, but the above factors combined with a desire to try something new pushed me to take a risk on a new position. I’d been working on formulating a path to financial independance by cutting my spending, but this was a great opportunity to work on the other side of the equation: increasing my income. Both are vitally important to becoming FI, so after thinking everything through this choice became clear. Even with additional commute expenses I’d be making significantly more money at the new job. More money = more savings = faster path to Financial Independance. So I pulled the trigger.
So far, I am really enjoying the team I’m working with and the job itself. I’m still in the training phase, but I think this will be a great place to work while I plan and prepare to implement my dreams of financial independance. Now that I’m starting to get used to the new position and my new schedule, I’ll be able to get back to working through the steps of “Your Money or Your Life” which I will dutifuly document and post here on FriskyFire. Thanks for your patience!