Psychologically Managing Extended Time Off

Just a few years back, I was the last person to think that psychologically handling retirement could be a challenge. For me, it was a non-issue and talking about it seemed a waste of time. How could you feel bad being on vacation all the time?

Now with a couple leaves of absence under my belt, I must admit that to my complete surprise, my mental wellbeing has been somewhat put to the test. A lot more than expected because to be honest, I anticipated zilch, nothing, no problem at all. With experience, I now know better. It’s kind of ironic because many know me as the one that plans everything. But I did not plan what may be considered obvious.

I have to confess it has been much more trying than I thought. Again, during this year’s extended time off, I mostly battled with guilt and having too much time to think. It may appear silly but, choosing what to do with all that free time can become a burden. You probably won’t feel sorry for me and I know, another great problem to have…

Financial Freedom Insouciant Mindset

A couple months back, after Preparing for it, we took our first steps Out of RRSPs. Since then, our focus has been more about Minimizing Taxes instead of Maximizing RRSP. To briefly remind you, one of our main strategy has been to keep my taxable income just under the lower tax bracket upper limit.

Many details around the whole process, like the first transfers and withdrawals, made me realize my salary wasn’t essential anymore and that I could stop working whenever I wish from now on. It felt like I literally was at the doorstep of financial freedom.

Strangely, a completely different mindset quickly set in. I deeply felt like everything was now cool and okay. Furthermore, it seemed like it would always be alright. That freedom was a relief and a wonderful feeling. To some extent, the burden of many financial obligations was finally off my shoulders.

But there was another odd side to it. I felt invincible, almost indestructible and some kind of carelessness settled in. It’s tough to precisely describe it. You could call it detachment, nonchalance, disinterest, insouciance…with an added touch of selfishness. In short, I didn’t care about other people and what they thought of me. Having enough money kind of made me feel like I didn’t need others anymore. In that insouciant mindset I became somewhat negligent. With that financial security, I now felt like I could get away with anything.

Preparing for Extensive Time Off

As 2017 is only a couple days old, I already believe it will be a great year, or at least, it will be a great one for me. Forgive my selfishness but I especially look forward to this brand new year as I will be able to enjoy my second 6-month leave of absence from work. 

So my big project this year: to have time and to enjoy the freedom it can give me!

All this began to truly take shape back in 2015 as I Signed Up on a 2-Year Program that will end with a 6-Month Leave. Despite the fact we are a couple months away from the actual time off, it’s just around the corner, I’m starting to feel it and can’t wait to taste it for real.

This is the second occasion I took advantage of that type of leave. In my 2012 leave, among many ventures, Our Exciting 24-Day Trip to Italy is surely what marked me the most!

Meanwhile, with still a lot of on-going and new projects boiling in my mind, I am ironically lacking what I will have plenty of by the middle of the year: precious time!

Luckily, I can rely on the 12-Minute Approach to help pace myself, effectively materializing many of those ideas while maintaining a relatively healthy balance in my life.

Plan Not to Over-Plan

Upcoming 6-Month Leave Signed

I’m glad to announce that my original plan to gradually Escape 9-to-5 is officially reinstated!

I finally consider myself back on the right path as I enrolled again in a great program that will grant me a 6-month leave of absence down the road.

Work Hard but Still Enjoy Life

This will be the second time I take advantage of those special working conditions as I was able to enjoy a first leave in the same fashion in 2012.

The fact that my paycheck will be deducted in early November 2015 will materialize and start this wonderful project that will enable me to take a 6-month leave from May to November 2017. According to this agreement, I will receive 75% of my salary over the 2-year program but actually will only work for the first 18 months.

Even if I don’t mind working hard, I always try to also enjoy life as much as possible.