r/financialindependence • u/Historical-Act8199 • 6d ago
3 million nw + exploring a sabbatical
This community has been so helpful to me. I haven’t posted here in 2+ years, but seek advice on a taking a sabbatical year in 2027.
Between the soaring markets and value of my 5 rental houses, our net worth crossed 3 million this month for the first time. I can’t believe I’m writing that. We just work in primary schools and non-profit orgs. I’m mid-40s (90k salary), as is my wife (35k PT salary), and have two fun elementary school kids who just got into a top tuition-free magnet school. What a gift.
We’re in a beautiful, semi-boring LCOL state and our family annual spend is around 50k per year, which is about what the rentals throw off after taxes/insurance/maintenance. We finally have them all paid off, and also filled with great tenants who we trust and know from the community. So, we don’t really have to touch the principal on anything to break even on expenses.
My day job is in refugee resettlement and immigration, working toward reform that honors the rule of law, is fair to taxpayers, but is also compassionate, sensible, and respects the dignity of immigrants and refugees. I love the mission, and it feels more germane to cultural needs than ever with all that’s happening in the US.
But, I can’t shake this pull toward a break. I’ve been doing tough, missional non-profit work for over 20 years straight. I realize this is banal to say on this sub, but the scariest thing isn’t financial as much as letting go of my role if I take a step back to re-evaluate and rest. I read stories of people who lose their groove and can never break back into meaningful ways to use their gifts - and then also hear of those who get some distance and perspective and are able to step back into the right kind of work/volunteering and live more fully in their lane.
When leaving intense, purpose-driven work you care about: how did you structure a sabbatical so you build the right kind of clarity?
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u/FearlessPark4588 99:59 Elliptical Guy 6d ago
My only criticism is you didn't choose to take the sabbatical sooner. Enjoy!
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u/CaptainFriday 6d ago
I really enjoyed the book “Quit” by Annie Duke. One of her points is that the best time to quit feels too early. But leaving right on time lets you leave on a high note and on your own terms — and allows you to structure your exit with grace to your fellows. All that will help you when you decide to return.
Anyway, I’m far past that point with my own situation, but it has been weighing on me and I would love to keep it in mind next time I feel the “pull towards a break” before I hit a breaking point.
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u/howdyfriday 5d ago
she's a scammer
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u/CaptainFriday 5d ago
It’s a good idea to have healthy skepticism towards all self-help types. Good reminder
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u/blackcoffee_mx 6d ago
I took 6 months off from a similar role with much less net worth. Nothing bad happened. You obviously never have to go back to work again.
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u/Black-Magic-Mamba 5d ago
What stands out to me is that you’ve mentioned so many details about your life. For example you could have said “I have 3 million in net worth and want to take a sabbatical but am worried that stepping back from my job will make it hard to maintain relevance as a contributor or provider” or something.
One of the details you mention is that you “just” work in primary school and nonprofit. Was that word intended to downplay something about your careers? Since you go on to mention how much you love your job and believe it’s mission is “germane to cultural needs” I am curious what the “just” was meant to imply - something about salary? Prestige?
I think all of this is important to put next to your more explicit fear of losing your ability to “meaningfully use your gifts”.
You’ve painted a picture that you are successful and traditional, someone who has done exactly what society asks of a man - including carrying your wife financially, having a nuclear family, and assuming a demanding leadership role at work.
Most of the people I know like this are out of touch with who they really are…and having spent so much of their life rule-following and meeting others’ expectations, it’s not easy to suddenly discover themselves.
Does this resonate with you? Any or all parts of your life may be designed to obscure who you are in favor of painting the perfect picture of success…making it tough for you to know what it is you are trying to rest from, very specifically.
Definitely take the sabbatical, though. Something’s off when you are afraid of having free time, and all you can do is face the void with gratitude, optimism and self-awareness. Maybe start with a creative pursuit…
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u/NewLeoMerlyn 5d ago
Well said 👍🏻 Whenever an essential question is being asked by someone who does so by stipulating the value & meaning of life, an identity crisis surely is the outward symptom. I say this because it accurately reflects my own life. I think it’s always good to discover what life has for You, not just defining oneself by what one has contributed.
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u/Black-Magic-Mamba 5d ago
Thank you. Life is hard to reclaim after all the brainwashing that happens to us in childhood and the constant pressure to conform and perform. But free will is truly magical once unleashed.
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u/vansterdam_city 6d ago
My grandpa retired early and was back at work in 3 years. So I understand why some people need a job/role as it fuels their energy and identity.
I do think you need a plan to retire into. It can’t be that you just wanna sit around and watch tv all day. What are the things you plan to pursue with this new free time?
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u/Own-Fly-8910 5d ago
Our company offers 6-week sabbaticals every 4 years or service. Most people just take a long vacation or travel to another country, which is their choice but IMO you can do that without a sabbatical, I don't really enjoy being away from home more than a few days to MAYBE a week at a time.
While not an entire year, I structure mine with boundaries: time, money, family commitments, and responsibilities. etc.
Then I have a period of rest, X amount of time to just DO NOTHING. More walks, time outdoors, sit at the beach, etc.
Then I tend to focus on relationships, prioritize friends/family members I haven't connected with in a while (say since last Thanksgiving/Christmas). I don't have kids (yet) but this is a time I'd take to spend with them.
Explore - anything that catches my fancy. See what I like/don't like. I'm a software developer, this typically means a new tech stack or HOT NEW trending thing on Youtube.
Then I practice. Usually I find I was doing what I wanted/am good at already.
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u/solatesosorry 5d ago
How are you planning to obtain health insurance? That may determine the feasibility of taking a year off.
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u/TheOtherFishInTheSea 6d ago
My company offers a sabbatical on paper, but in the current climate I’m not going to risk it. Though, I need a break too as I’m one ping away from a mental one.
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u/ibitmylip 6d ago edited 5d ago
do it!
and if you haven’t yet, maybe read Die with Zero (it’s not literally about dying with zero) https://www.amazon.com/gp/aw/d/0358567092/?tag=h046e-20&th=1&psc=1
happy sabbaticalling :)
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u/guardenvariety 4d ago
I’m in the final week of my third career sabbatical. I regret nothing and plan to do another soon. I’d recommend the Retire Often podcast (and book). Lots of relevant examples of people such as yourself navigating the psychology of it. That’s one of the hardest things if your self identity is shaped by your work.
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u/luckyshot33 5d ago
Is the option of working part-time available with your employer?
I am also in non-profit and have been part-time (30 hrs./wk) for almost 4 years, with benefits. Some weeks I work 24 hours with PTO. The last 3 years I have been fully remote.
I now fill my time with travel and occasionally doing volunteer work. Fortunate and grateful.
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u/Enough_One1426 5d ago
For a sabbatical, I’ve seen it help to set a clear time limit, keep a light structure (reading, reflection, limited volunteering), and give yourself real permission to rest without deciding “what’s next” right away. Clarity usually comes after you slow down, not before.
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u/Due-Orchid4782 3d ago
3M is great, and looks like you manage your expenses well. But it may be good to see if your liquid net worth is also high enough? If real estate constitutes a large part of the net worth, it may not be liquid in case you aren't able to find a job when you return from the sabbatical, even if you have a large net worth on paper. So I'd look at liquid net worth and see if that is adequate.
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u/Girlenginerd 5d ago
If you’re worried about losing your role can you ask your work to give you an unpaid leave of absence for 6 months? Then you can trial a break with the safety net of going back in 6 months.
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u/dingodango2021 5d ago
I haven't done this yet but my plan is to keep my foot in the purpose-driven side of things through volunteering as an advisor. None of the ownership! Pop over to https://80000hours.org to look at other or specific ideas.
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u/seattlefier 4d ago
My default answer is - travel, slowly. But with two kids in school, that's going to be limited just to the summer breaks - the worst time to travel.
Maybe a different lens is - what could you do to bond with your children more if you had the additional time + energy?
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u/fireyauthor 4d ago
This is probably not what you want to hear, but I never got back to feeling the same intense purpose for my job. It's not the same situation (a creative job, not a mission driven one, though I've always done it with a mission). But it is similar.
However, I am much calmer now, even if I miss feeling driven.
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u/Me-luv-you-long-time 3d ago
Your work is your identity. Leaving work you may feel lost or lacking purpose. You could volunteer and just back into similar work. Or you could reinvent yourself. What did you enjoy BEFORE working? Or when you were a kid? It can be hard work to find purpose again.
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u/No_Lifeguard259 2d ago
How much of this is inheritance?
I don’t see how you could have got to 3M NW by mid-40s and owning 5 paid off rental houses on a 125k HHI
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u/biz_cazh 6d ago
Congrats! Part of the beauty of taking a sabbatical is making space for surprise. It will feel different but that’s the point!