“A team member recently requested a 6-month sabbatical, and we almost said no. It was uncharted territory for us—we didn’t even have a sabbatical policy. So, I had to make the call. The finance-minded side of me immediately flagged the challenges: 1. Service disruptions. 2. Costs to hire a temporary replacement. 3. The need to reintegrate them upon their return. Finance said no. But the human side of me saw it differently: 1. Numbers aren’t everything. 2. This is the right move for them at this stage in their life. 3. Doing the right thing for your team pays dividends—often 10X over. As leaders, we must look beyond short-term metrics and focus on investing in our people. Doing so builds trust, loyalty, and long-term success. What do you think? Would you have made the same decision?” #TomHunt
Stefan David BEng, MEng’s Post
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🚨 Time to Rethink Work: The Power of a Paid Sabbatical 🚨 Let’s talk about something bold, unconventional, and downright transformative: taking a paid sabbatical. For years, corporate America has clung to the grind—where stepping away from your career was seen as career suicide. But stories like Jeremy Liew’s, a Lightspeed Venture Partners partner who paused his career to travel the globe with his family, are flipping the script. His absence didn’t just serve his personal life; it created upward mobility for his team, proving that stepping away can fuel growth for everyone. According to Fortune, here’s the kicker: only 7% of companies in the U.S. offer paid extended leave (SHRM). That’s why trailblazers like McDonald’s, Deloitte, and Bank of America are leading the charge, recognizing the ROI of rest and rejuvenation. These programs aren’t about “slacking off”—they’re about creating space for reflection, growth, and renewed energy to tackle the challenges ahead. Take Ania Smith, who was warned her “adult gap year” would derail her career. Six years later, she credits that sabbatical as the key to becoming TaskRabbit’s CEO. Sometimes, stepping away is the most powerful step forward. Imagine if more companies embraced sabbaticals as part of their talent strategy. The benefits are clear: ✨ Increased leadership opportunities for others. ✨ Renewed creativity and strategic vision. ✨ Improved mental health and retention. If leaders and organizations want to thrive in a world that demands innovation, time away might just be the secret weapon. Would you take a sabbatical if your company offered it? Or have you taken one? Let’s discuss how stepping back can be the ultimate power move! 💼✈️ #CareerGrowth #LeadershipDevelopment #Innovation #RestIsProductivity #PaidSabbatical https://lnkd.in/gmpW2neZ
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Taking a sabbatical is one of the best investments you can make in your personal growth. Don't think of it as a break from work; it’s a chance to explore new interests, learn new skills, and gain fresh perspectives. You have many options like traveling, studying, or simply reflecting, a sabbatical can recharge your mind and spirit. Have you ever considered taking a sabbatical for personal growth? Need help figuring out how to make it a reality? I can help. #Sabbatical #PersonalGrowth #CareerBreak #CareerTransition #LayOffs #FinancialPlanning #RetirementPlanning #FIRE #MoveAbroad #AlternativeLiving #Rest
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A team member is about to take a 6 month sabbatical. And we nearly rejected the request. As it's the first time, we didn't have a sabbatical policy. So Tom had to decide. The finance person in him said: 1. There will be service disruption 2. We will need to pay to replace them 3. We will need to find work for them when they return Finance says no. But the human in him said: 1. Numbers aren't everything 2. It's the right thing for them at this stage of their life 3. If you do the right thing for your team, they will repay that 10x Leaders need to look past short term numbers. And towards investing in their people. Agree?
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Could you afford to take a 3-month sabbatical from work? What about a 6-week trip to Italy? Or go down to 3-4 days per week at work? Whatever it is comes down to a basic math problem. ➖➕ You can run your numbers to assess: 🔹 What tweaks you'd need to make to your monthly cash flow (income, expenses, savings, investments) 🔹 How this change would impact your lifestyle 🔹 How much to save beforehand to cover any gaps There's a lot of emotion around big decisions. Running scenarios is one of my favorite things to do with my clients because it helps them objectively explore a potential life change from a pure numbers perspective. Is this a possibility for me now, and if not, when? Or what IS possible given my current situation? 📷 Photo from my 5-month #sabbatical from work in 2021 where I spent the first 2 months in St. Pete Beach. It was scary at first, but led me to my dream job. #personalfinance #money #financialcoach #budgeting
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A question we don't ask ourselves often enough when trying to decide what to do with our lives – "who do I enjoy working with?" When I got antsy after my 18 month sabbatical, this was one of the questions I asked myself. And it led me to a non-obvious conclusion. I realized I really enjoyed building our advisory business. Even more than the fund. And some of my favorite people were consultants. I liked how curious they were. How winsome and charming they were. How smart they were. How committed they were to getting better. While some are arrogant (like any industry), I actually found them to under-index there. Their disposition was to serve. When they fail it's their fault, when they succeed it's the client's success. Now, when I advise firms on narrowing their focus, I find this to be a tremendously useful question. I believe the world is a plenty big place. You might not be able to build a billion dollar consulting firm with a narrow niche, but you can certainly build a $10-20M firm doing it. And for a massive number of firms, that's a worthy goal. So given that, I think it's a question worth asking yourself. You might be able to theoretically help all different types of clients. But which clients do you love to work with? Which ones would you enjoy spending 3 hours at dinner with? Which ones energize you? It doesn't have to be your only litmus test - perhaps there's a group you love that simply doesn't have the budget. But you can probably find a niche that has a problem you know how to solve, that has the budget to do something about it, that you love hanging with. So who do you like?
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A Semi-Planned Sabbatical and Returning to Work: Right before the holidays last year, I was laid off with half my team and 10% of the company. I didn’t realize how burnt out I was until I got the news. I was out of a job, but oddly relieved. Though my team itself was great and I was fortunate to have the flexibility of a remote position, 2020-2023 had worn me out (for all the obvious reasons and then some). Those who know me well know that I had always hoped to take a sabbatical in my 30s. For this reason, as well as the inherent volatility of the tech industry, I’ve always saved and invested a majority of my income. To be clear, I’m no finance whiz. My parents taught me financial literacy from an early age and I’ve also been privileged to make enough money to save (telling someone making minimum wage to follow the “50/30/20 rule” is lunacy). In the days after the layoff, I weighed the risks and benefits of a sabbatical. Ultimately, I decided to go for it. For 3 months there would be no work, no applications, no portfolio updates. Despite the risk of a career gap (let’s be real, corporate America still frowns on gaps), I believe in the mantra “work to live, don’t live to work.” So, it was time to do some living! During my sabbatical, I visited Puerto Rico with family. I snorkeled in the ocean, kayaked in bioluminescent lagoons, and hiked in the rainforest. I took a solo-trip to Iceland where I saw the aurora borealis, hiked glacier caves, soaked in geothermal pools, pet mini-horses, and saw many waterfalls. Back home, I finished long-postponed house projects and explored my own “backyard” of the pacific northwest. Come April 2024, I began my return to “work”. I updated my portfolio, volunteered, and took on a freelance web design project for a local non-profit (more on that soon!). Having space to exist outside of the corporate world allowed me to check things off my bucket list AND it freed me to think deeply about what I want my career to look like. I’m hoping to put some of that into writing in the coming weeks, so keep an eye out! Or mute me now 😉 In the meantime, I’m taking on freelance projects and applying to the occasional full-time position when it feels aligned with my goals i.e. largely in the health tech, ed tech, and personal finance spaces. If you want to connect about a freelance project or FT role, reach out! Or if you just want to catch up, let’s get coffee or go for a walk! It’s a tough economy and an even tougher job market right now, so for the sake of brevity, I left out the numerous waves of anxiety and doubt I’ve also been riding the last few months. I feel strongly that I’m making the right decisions for my long-term career, but it’s not without emotional and financial strain. If you’ve been struggling in this job market, no matter how long it’s been since we’ve spoken, please reach out if I can help in any way! As the saying goes: “If you want to go fast, go alone. If you want to go far, go together.”
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Is Voluntary Redundancy a Golden Opportunity for a New Life? Answers: https://lnkd.in/gTDczMNF #VoluntaryRedundancy #TravelGoals #LifeDecisions #CareerChange Hey there! 🌟 So, you’re 28 and have been offered voluntary redundancy, right? Honestly, I get why you’re feeling a bit torn about it. Let’s break down your situation! You’re currently on a sabbatical, enjoying some amazing travels, and this new VPL (voluntary paid leaver) opportunity feels like the universe is giving you a nudge. But is it really a no-brainer? 🤔 Here’s a snapshot of the key points: Financial cushion: With your near tax-free income of 3.5 months, plus that £33k redundancy payment, you’re looking at around £37k in the bank! 💰 Investment opportunities: Your shares worth £35k and a solid £55k pension give you a great financial base for future adventures! 📈 Future plans: You seem really keen on retraining and gaining international experience, which could be fulfilling and incredibly valuable for your career! 🌍 Flexible circumstances: Renting out your property and having no dependents means you can explore without being tied down. Plus, your partner is on board with traveling t...
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Take a Break, Not a Tax Hit. 🌿 Two weeks ago, we had the privilege of speaking with Lyndall Farley and Katrina McGhee’s community, “BreakSpace,” about financial planning for sabbaticals. It was awesome to share some of our favorite strategies with professionals who are planning or currently on their break! ➡️ Financial planning for your sabbatical combines account strategy and tax planning. Taking a sabbatical often means a dip in income. This creates unique opportunities to: ✅ See how the career break fits into the bigger picture. ✅ Maximize lower-income years with smart tax strategies. ✅ Make your investment portfolio more flexible for the long term. 🌟 Your sabbatical doesn’t have to derail your finances—it can actually be a catalyst for financial clarity and growth. If you’re planning a sabbatical, identify the strategies that will make the biggest impact on your unique situation. 💡 Did you know there were specific strategies to implement when planning a sabbatical? Which strategies would you like to learn more about? Let us know! #SabbaticalSuccess #FinancialPlanning #TaxStrategy #CareerBreak #Sabbatical
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Some people asked about my sabbatical experience, so I created a quick slide. Feel free to share/forward. Also please share your own experience, learnings, and tips if you recently took some time off!
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In times of economic uncertainty, the idea of taking a sabbatical might seem counterintuitive. But hear me out – a sabbatical during a downturn could be the perfect opportunity for personal and professional growth. With the right approach and careful planning, you can make the most of this time to invest in yourself and emerge stronger than ever. First and foremost, assess your financial situation. While it may not be the most lucrative time to take a break, strategic budgeting and saving can help make your sabbatical feasible. Consider alternative sources of income, such as freelancing or part-time work, to supplement your savings and support yourself during this period. Next, set clear goals for your sabbatical. Whether it's pursuing a passion project, gaining new skills through online courses, or traveling, having a sense of purpose will keep you focused and motivated. Finally, embrace the opportunity for self-reflection and exploration. Use this time to reconnect with yourself, reassess your priorities, and envision your ideal future. By approaching your sabbatical with intentionality you can turn this period of economic uncertainty into a transformative experience that sets the stage for future success. Need help planning this sabbatical? I help people just like you start your career breaks. #TimeOutThursday #Sabbatical #CareerBreak #CareerTransition #LayOffs #FinancialPlanning #RetirementPlanning #FIRE #MoveAbroad #AlternativeLiving #Rest
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