Your choice! Just be careful with p2p 
Cool, cool, just curious. I always get things mixed up among posters.
How many months are we talking about? I did this for 3 months while shifting b/w countries and I want to do South America for 6 months but I have no doubt I won’t get that sabbatical. I’ll have to quit and search for a job again. Not sure if the effort is worth it considering I get a month every year anyway.
It’s a tricky one lol
Also, if we believed everything people are saying the average income for this forum must be 750k per annum
I think most people are fairly realistic here. Some are scrapping by, and others are making a lot of money.
How much do you make Monkey?
50k, im so poor 
but rich in heart 
No one said anything that implies that level of income, although you should not be surprised if some people do make that much.
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<p>50k, im so poor <img alt="sad" src="https://www.analystforum.com/sites/all/libraries/ckeditor/plugins/smiley/images/sad_smile.png" title="sad">but rich in heart <img alt="wink" src="https://www.analystforum.com/sites/all/libraries/ckeditor/plugins/smiley/images/wink_smile.png" title="wink"></p> <p> - "I find the great thing in this world is not so much where we stand, as in what direction we are moving."
- –Oliver Wendell Holmes
I’ve lived in NYC most of my life since college aside from a few years internationally and elsewhere for business school, and while I don’t have a silver bullet for savings, I’d say two important things I noticed especially when my peer group was spending big bucks on nights out on the town even as banking analysts making $55K base in 2004 was (1) knowing the difference between nice to have and must have, and (2) avoiding peer pressure to do things like go to nice restaurants and bottle service. It seems so obvious now but a lot of folks just blow through their savings at a young age because they think they need to do it to impress their peers and superiors (wrong, you do that mostly by doing great work and having an awesome attitude) or chicks outside of work (today’s dating apps reduces a ton of adverse selection risk and moral hazard taking by potential dates, I.e. Having to go to some club or bar to try to meet people,especially if you don’t know ahead of time if they’re even your type) .
If I could offer up one other observation, it’s one that’s been repeated here so many times over the years but specifically maxing out your Roth IRA or 401K and taking advantage of your company’s match. Tax free compounding in the Roth is so valuable especially in your 20’s, as is the company match. I used to keep a fair amount of cash on the sidelines thinking it might come in handy for a nice trip or an opportune investment in the stock market. However, you can budget ahead of time for trips and opportune investments in the markets are very hard to do unless you’re making a profession out of it (as I’ve been doing managing money at a hedge fund) and normally you’re far better off letting your 401k automatically dollar cost averaging over time if you’re not trying to actively beat the market every day (which is also tough to do).
Finally, I moved all my 401k funds to Roth IRA during business school when my effective tax rates were lowest, so that I could pay the smallest amount of tax on the rollover and then have the Roth funds grow tax free. Backdoor Roth IRA is also an option.
dam homie how u have so much excess cash to cover tax on 1 mil portfolio
6 months. Not easy getting sabbatical; both times was told no guarantee when you get back. The first time the guy they hired to replace me left after a few months as the company he really wanted to go to contacted him and he jumped at the opportunity. When I came back, I heard they were going through the interview process all over gain. I went straight to the boss and played on every hiring manager’s insecurity: the risk of making a mistake by hiring the wrong person. I told him you know how good I am and how well I fit in. The second time (with a different employer) my coworker who I got along with got promoted and was responsible to hire his replacement so it was an easy sell as he didn’t have to spend any time training someone new.
You should definitely do it if that’s what you really want or you will live with regret. No guarantee you’ll make it to 65 or if you do you will be healthy enough to do everything you aspire to do in retirement. As a wiseman once said, tomorrow isn’t promised to anyone. If you’re the type that wants wife, 2 kids and a dog later on in life, it gets even more challenging to organize such a trip.
^ Out of interest, what did you do with your sabbaticals? Any tips?