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View Full Version : 5 years straight contracting anniversary coming up ...



sasguru
15th December 2016, 15:19
... with no bench time.

Maybe I work too hard.

Actually tell a lie, I took 3 months off a while ago. Voluntary though.

northernladyuk
15th December 2016, 15:33
... with no bench time.

Maybe I work too hard.

Actually tell a lie, I took 3 months off a while ago. Voluntary though.

This is not as clear cut as you suggest.

Are cleaners employees or self-employed? | AccountingWEB (http://www.accountingweb.co.uk/any-answers/are-cleaners-employees-or-self-employed)

sasguru
15th December 2016, 15:35
This is not as clear cut as you suggest.

Are cleaners employees or self-employed? | AccountingWEB (http://www.accountingweb.co.uk/any-answers/are-cleaners-employees-or-self-employed)

Have you taken your problem to an accountant?:tongue

northernladyuk
15th December 2016, 15:38
Have you taken your problem to an accountant?:tongue

He says I'll have to stop paying cash and stick you on payroll.

OwlHoot
15th December 2016, 15:39
... with no bench time.

Maybe I work too hard.

Actually tell a lie, I took 3 months off a while ago. Voluntary though.

I've been chained to my oar since 2007 (besides maybe a week or two off between contracts).

Since 2002 I think from memory I've always had the next one lined up before finishing the previous one.

(Luckily I haven't encountered any unexpected mass contractor lay-offs at a site, or the individual equivalent.)

sasguru
15th December 2016, 15:44
I've been chained to my oar since 2007 (besides maybe a week or two off between contracts).

Since 2002 I think from memory I've always had the next one lined up before finishing the previous one.

(Luckily I haven't encountered any unexpected mass contractor lay-offs at a site, or the individual equivalent.)

Good going.
Prior to this stretch I was a permie for 5 years, and prior to that a contractor for roughly 10 years and prior to that permie.
The previous contractor stretch was much more choppy, though (different skill set).

Platypus
15th December 2016, 16:03
12 years now, with only a week's holiday per year in recent years (none before that).

I'm knackered :sick and unfortunately neither am I wealthy :(

SlipTheJab
15th December 2016, 16:07
12 years now, with only a week's holiday per year in recent years (none before that).

I'm knackered :sick and unfortunately neither am I wealthy :(

Aah you have a wife, Mrs STJ has just spend 10k on fitted wardrobes while getting rid of the non fitted ones, there has been no significant change in the amount of wearables contained within either receptacle so money well spent :tumble:

administrator
15th December 2016, 16:10
... with no bench time.

Maybe I work too hard.

Actually tell a lie, I took 3 months off a while ago. Voluntary though.

Don't hate the haters, I'll say it for everyone.

Winner :banana::banana::yay::banana::banana:


12 years now, with only a week's holiday per year in recent years (none before that).

I'm knackered :sick and unfortunately neither am I wealthy :(

I feel your pain :mad:

PurpleGorilla
15th December 2016, 16:14
12 years now, with only a week's holiday per year in recent years (none before that).

I'm knackered :sick and unfortunately neither am I wealthy :(

Blame boomers and migrants - I find it helps.

sasguru
15th December 2016, 16:15
Don't hate the haters, I'll say it for everyone.

Winner :banana::banana::yay::banana::banana:



Cheers Admin, but it was more a musing observation than a boast. As other OPs have noted there are some who've worked longer and harder. Makes you think why you contract though if you can't take longer breaks than the average permie :confused:
Will spend the Christmas break working out if there is any way of working less ...

OwlHoot
15th December 2016, 16:17
I'm knackered :sick and unfortunately neither am I wealthy :(

I'm not knackered, because generally the work is a breeze and I try and lodge near clientco from Monday to Thursday so no ball-busting commutes.

But I'm with you in not being wealthy (in readies anyway - I lucked out with property).

Rates don't seem to have risen at all really for at least fifteen years! :eyes

sasguru
15th December 2016, 16:20
Rates don't seem to have risen at all really for at least fifteen years! :eyes

Depends on the skill set. This is probably one for its own thread but do you spend time and money retraining?

vetran
15th December 2016, 16:38
Congrats SAS, good run.

Remember people a lot of people work a lot harder than us for lots less.

I'm currently in a bit of a hiatus between projects, luckily still being paid.

Work from home and can go to the gym for a long lunch.

Next projects are coming in January.

AtW
15th December 2016, 16:57
... with no bench time.

Maybe I work too hard.

Actually tell a lie, I took 3 months off a while ago. Voluntary though.

I thought you said you retired 5 years ago? :eyes

NotAllThere
15th December 2016, 16:58
5 years straight contracting anniversary coming up ....And how much gay and trans contracting?

I haven't been on the bench since the 3 weeks it took to get my first contract as a contractor in Switzerland. That was at the beginning of 2005. Plenty of 1 to 2 week vacations though.

sasguru
15th December 2016, 17:12
I thought you said you retired 5 years ago? :eyes

Yes that was when I started working from home. It seemed a doss to start with, a kind of semi-retirement, not having to commute :rolleyes:

AtW
15th December 2016, 17:25
Yes that was when I started working from home. It seemed a doss to start with, a kind of semi-retirement, not having to commute :rolleyes:

Nice to watch afternoon tulipe on TV while wifey is working in office, eh? :eyes

shaunbhoy
15th December 2016, 19:38
Actually tell a lie, I took 3 months off a while ago. Voluntary though.

That would have been when you went on that Residential Course to fine tune your Smugness and Pomposity! :laugh

barrydidit
15th December 2016, 20:10
That would have been when you went on that Residential Course at Her Majesty's pleasure :laugh

FTFY

MrMarkyMark
15th December 2016, 20:13
You guys all talking, seemingly boasting, about how much you have worked :facepalm:

Quite happy to state I have spent a good period of my contracting life not working and bloody good fun it has been too.
In fact one of the very reasons I went contracting :smile

I know I have experienced and seen a lot more of the world than just sitting at a screen / in the office.

Certainly not really rich though, but not really complaining overall, some of these perm guys 10 years younger than me, in IB, look close to death :laugh

redgiant
15th December 2016, 21:20
You guys all talking, seemingly boasting, about how much you have worked :facepalm:

Quite happy to state I have spent a good period of my contracting life not working and bloody good fun it has been too.
In fact one of the very reasons I went contracting :smile

I know I have experienced and seen a lot more of the world than just sitting at a screen / in the office.

Certainly not really rich though, but not really complaining overall, some of these perm guys 10 years younger than me, in IB, look close to death :laugh

+1

I have had a several months of bench time in the past six years of contracting and have used it by travelling, renovating properties, and working on Plan B. Now Plan B has allowed me to be an international man of mystery :)

Such much better than being a permie with sunken eyes and always chasing after promotion to go slightly further up the greasy pole!

kaiser78
16th December 2016, 09:18
You guys all talking, seemingly boasting, about how much you have worked :facepalm:

Quite happy to state I have spent a good period of my contracting life not working and bloody good fun it has been too.
In fact one of the very reasons I went contracting :smile

I know I have experienced and seen a lot more of the world than just sitting at a screen / in the office.

Certainly not really rich though, but not really complaining overall, some of these perm guys 10 years younger than me, in IB, look close to death :laugh

+1 from Santa. Wouldn't have it any other way.

sasguru
16th December 2016, 09:42
You guys all talking, seemingly boasting, about how much you have worked :facepalm:

Quite happy to state I have spent a good period of my contracting life not working and bloody good fun it has been too.
In fact one of the very reasons I went contracting :smile

I know I have experienced and seen a lot more of the world than just sitting at a screen / in the office.

Certainly not really rich though, but not really complaining overall, some of these perm guys 10 years younger than me, in IB, look close to death :laugh

Agree totally.
I started, in semi-retirement, doing 3 days a week 5 years ago, a few months later they asked me to go full time, and before you know it you're back to where you were.:rolleyes:

MrMarkyMark
16th December 2016, 09:53
Agree totally.
I started, in semi-retirement, doing 3 days a week 5 years ago, a few months later they asked me to go full time, and before you know it you're back to where you were.:rolleyes:

Everyone's situation is different, but it is always easy to end up right back where you were.
Keeping our heads down at the moment, as the other half and I are on quite good contracts currently.

Once they are done, or if we have enough before, we are off on a long trip.
Unsure where, but I would love to take her to New Zealand where I spent some of my younger years.
This sort of thing obviously becomes difficult/ impossible if you have kids :)

Platypus
16th December 2016, 10:07
You guys all talking, seemingly boasting, about how much you have worked :facepalm:

Quite happy to state I have spent a good period of my contracting life not working and bloody good fun it has been too.
In fact one of the very reasons I went contracting :smile

I know I have experienced and seen a lot more of the world than just sitting at a screen / in the office.

Certainly not really rich though, but not really complaining overall, some of these perm guys 10 years younger than me, in IB, look close to death :laugh


Hey, I wasn't boasting, I was complaining.
In my time I put 2 kids through expensive educations and got divorced. Only now am I saving a few quid. I'd very much like spend a lot more of my time not working, I can tell you!

lukemg
16th December 2016, 10:34
Jeez people, what the hell are you doing. 10+ years of doing this solid and you aren't well on the way to being set for life ?
Ok - I get the travelling people, essentially having their retirement while they are fit enough to enjoy it, those experiences are generally worth every penny with the payoff of working longer (could die tomorrow etc).
But the rest of you, working constantly to do what ? Buy sh!t you don't need to impress people you don't like ?
Work out how much you have ever earned (after tax), work out how much your net worth is now (including property equity). I am looking at around 70% (as the compounding from investments starts to snowball), I am set, work is optional (ok been at this 20+ but even so !).
Get some stashed ffs...

sasguru
16th December 2016, 10:38
Jeez people, what the hell are you doing. 10+ years of doing this solid and you aren't well on the way to being set for life ?
Ok - I get the travelling people, essentially having their retirement while they are fit enough to enjoy it, those experiences are generally worth every penny with the payoff of working longer (could die tomorrow etc).
But the rest of you, working constantly to do what ? Buy sh!t you don't need to impress people you don't like ?
Work out how much you have ever earned (after tax), work out how much your net worth is now (including property equity). I am looking at around 70% (as the compounding from investments starts to snowball), I am set, work is optional (ok been at this 20+ but even so !).
Get some stashed ffs...

Do you even read the thread? Why are you making assumptions about why people work or don't? :rolleyes:
I supect that retirement is not for everyone. I quite like what I do, but would perhaps like to work slightly less.
And if you don't like what you do, I feel sorry for you.

TheFaQQer
16th December 2016, 11:11
Will spend the Christmas break working out if there is any way of working less ...

If you can't work that out without needing to spend a lot of time on it, then there's something wrong (hint there are always easy ways to work less)

NotAllThere
16th December 2016, 11:33
Jeez people, what the hell are you doing. 10+ years of doing this solid and you aren't well on the way to being set for life ?I am set.

For the past six months I've been working only 3-4 days per week. I'm not yet 50. But I enjoy my work.

Platypus
16th December 2016, 14:10
I am set


I am set.

For you guys, I'm delighted.

I have no idea where mine went. I don't have impressive gadgets or an expensive car. As I said, kids' education and a divorce seems to have absorbed most of the cash. Now I find myself saving for my old age. It's all a bit depressing :frown

sasguru
16th December 2016, 15:17
kids' education and a divorce

Understand the former, hopefully never the latter.
It's an accomplishment to have put your kids through private school though :yay:

northernladyuk
16th December 2016, 19:43
He says I'll have to stop paying cash and stick you on payroll.

Clarification: the accountant has said you can still get a cash gratuity for a happy finish.

minestrone
16th December 2016, 19:52
I gave up contracting a few years ago.

d000hg
16th December 2016, 22:08
I just passed my 9 year mark although I had been doing freelance work on the side of a full-time job for a while previously (I think in the final year I earned more from my 'side job'!)

I don't recall any gaps; I am by no means set but I focus on being able to work from home over the big bucks working in London. And the last couple of years I've been working about half time which is far more civilised. I'd rather do that than have long holidays and work 40hours a week.

vetran
17th December 2016, 13:04
Clarification: the accountant has said you can still get a cash gratuity for a happy finish.

Apparently you would need to pay income tax but not NI.

sasguru
17th December 2016, 15:04
I focus on being able to work from home over the big bucks working in London. .

Why do you assume the two are mutually exclusive?

Whorty
17th December 2016, 16:44
12 years now, with only a week's holiday per year in recent years (none before that).

I'm knackered :sick and unfortunately neither am I wealthy :(
How can you do 12 years straight, with little days off without earning, and not be comfortably off? Not being critical, just surprised. My first few years of contracting the whole aim was to rid myself of mortgage, to allow for better freedom going forward.

sasguru
17th December 2016, 17:04
How can you do 12 years straight, with little days without earning, and not be comfortably off? Not being critical, just surprised. My first few years of contracting the whole aim was to rid myself of mortgage, to allow for better freedom going forward.

Another one who either doesn't read the thread or is a bit on the ignorant side.
Hes already said private education for his kids and a divorce.

darmstadt
17th December 2016, 17:43
Another one who either doesn't read the thread or is a bit on the ignorant side.
Hes already said private education for his kids and a divorce.


For IT people, there seems to be a lot on here who don't RTFM :laugh

Whorty
17th December 2016, 18:46
Another one who either doesn't read the thread or is a bit on the ignorant side.
Hes already said private education for his kids and a divorce.

Because it's a thread, and I responded to his first comment ... I hadn't been given the information about the kids going through school, and his unfortunate divorce, until after I had already responded.

I wasn't trying to be ignorant or arrogant, I was just surprised at how many contractors work for years and yet are still not financially well off, especially given the growth of the housing market over the same time which let's be honest, is where most of us in our 40s + have made most of our 'wealth'.

sasguru
17th December 2016, 19:02
Because it's a thread, and I responded to his first comment ... I hadn't been given the information about the kids going through school, and his unfortunate divorce, until after I had already responded.

I wasn't trying to be ignorant or arrogant, I was just surprised at how many contractors work for years and yet are still not financially well off, especially given the growth of the housing market over the same time which let's be honest, is where most of us in our 40s + have made most of our 'wealth'.

Ok I'll let you off then :wink
Problem is property is a bit illiquid and like the OP I have private school fees to pay.
But I'm not moaning its all good.

d000hg
18th December 2016, 23:09
Why do you assume the two are mutually exclusive?

Absolutely a fair point. I have sniffed at a few such roles but I think getting in as remote from the off in such sectors, which seem to be more traditional, is tricky? It seems most people get a reputation and/or a relationship with their client before transitioning to remote work?

Getting a lucrative London role while working remotely from the NE would be wonderful for the warchest. I've perhaps taken it a bit TOO easy with cushy renewals.