3 Secret to Taking a Life-Changing Career Break On a Budget | Black Women Abroad

[@RAEHDoing2much]

Hi. In 2011 I left my job for 8 months. I used my thrift savings plan. No regrets. Changed my life forever Returned to that job paid off my house and retired. NO REGRETS

[@knbee5313]

Wow. You went back to same job or a different job

[@tyrahoytt7264]

That's similar to what I did. No regrets! 😍😍

[@RAEHDoing2much]

@@knbee5313 hi. same job

[@tammykinstrue9849]

What's a thrift savings plan?

[@RAEHDoing2much]

@@tammykinstrue9849 Hi. Like a 401K.

[@kjg880]

Early in my career, I was working with a woman not too much older than me who was getting married and then going on a hiking sabbatical shortly after with her husband. As a Black Woman, I couldn’t fathom that idea. Especially doing it while young. All I could think was, “How do you save that much money” and “What if you can’t find a job when you come back?” But she had no concerns!

[@Usernameemanr]

I just got my first house sit in LONDON!!

[@Usernameemanr]

Just got my second!

[@dday3322]

❤❤❤❤

[@denisechilds2391]

Congratulations !!!!❤❤❤❤

[@p.gillam1544]

After working for a company for 23 years it was Time To Go!! I lived off my 401k for 2 years. Took some classes thinking I was going to start a new career however, ended up going through health issues. Was blessed with a new job, worked there for seven years then retired when I was 62. No Regrets.

[@geadonnamoore-xu5jq]

My prayer is that all Black women get a chance to live the whole life they desire. My prayer is for all Black women to get what they want need and desire from life while they are on this earth and enjoy life with rest, ease, safety, freedom and restful sleep, long sits on a nice porch, walks on a beach or just sitting in a nice chair looking out window. Priceless.

[@gemini8620]

I took mine out in 2020. Remodeled my kitchen. House hacking (with family) and a traveler in the medical field. When they pluck my nerves I take an assignment. God is so good ❤

[@eileenwatt8283]

You can do that in the medical field because work is accessible. Taxes has to be paid if a person is not of the required age. Uncle sam added it to the person's income and comes April the IRS is owed a hugh and I mean hugh sum.

[@blkbtrfly76]

Great info! I mastered getting in and out of a hammock today. I'm doing as little as possible on vacay in Sedona.

[@momentinhistory333]

I LOVE this for you! Enjoy that hammock 😁

[@tyrahoytt7264]

I took my secondary retirement fund, lived off of that for several years. Now I am adding ways to create additional streams/rivers of income.

[@LifeUnfilltered]

I decided to get rid of all my things, end my apartment lease and came home to south Florida. I had been on sabbatical 3 months before I needed money.

[@knbee5313]

Wow your awesome

[@AnyahEMB]

I am three years from retirement. This month I hire my assistant and a spare. I will be delegating/teaching them how to run things so I can ease through the next three years.

[@MaatTehuti_Dr_Clark_PsyD]

I am so pleased with your vibe here, the refreshing information, but mostly the Spirit of adventure and inspiration to leave the plantation for greener pastures. 😊 It is scary yet exciting to finally embark upon attempting to live a peaceful human existence. We have spent our whole lives being black and very little of it being human. Now is the time

[@WovenPsalm]

Greetings Stephanie Perry! I was vending in my small business at a swap meet today. I mentioned your name to a young sister and she knew who you were. Instant bond!😊Chats about living as an expat. I am in San Diego, she a step over the border living in Tijuana with plans to 'go ham" traveling to other Mexican states beginning this summer. She is millennial real estate investor. Amazing❤

[@the_epileptic_wanderer]

I had some savings from my 401k, but also signed up for unemployment to help pay bills

[@tammykinstrue9849]

I have 3 months of unused vacation time. I just resigned from my FT job & will be paid 3 months salary from that vacation time. That unused PTO will fund my summer sabbatical and search for a better position. I am so grateful! Also, I am going to borrow less than $10K from my whole life insurance policy to pay off my credit cards. My policy builds cash value. My offspring are beginning to earn money to pay their own expenses, so they will be fine with the slightly reduced death benefit in the case of my untimely demise.

[@cynthiahayes3962]

I appreciate your channel so much. I'm 58 and I am contributing towards a 403b. I am waiting two years to receive full retirement HOWEVER...😬..thanks to your urging I have discovered that I can receive those funds (a decent chunk of change) if I leave my current job and NOT be penalized and continue with my second career (sizeable amount) and take care of myself working part-time without having to collect my pension. I am inspired🧡

[@dews3340]

NEXT MORNING 🌄, if I lived in Costa Rica, I would be taking dance classes at Ciccio Studio Ballet and jui jitsu at Hissou martial arts & fitness center. Thanks for sharing, I will watch the video tonight......... ........... Eze and unbothered age 70 physically fit, child free for life , married to a man from Central America

[@aimeepaterson4423]

Stephanie Perry, You’re AMAZING!!! A Very Kind, Generous, Giving Lady! Also….I Love Your Personality; You’re Very Interesting & Engaging! Thank You For All You Do Here. I Wish You a Most Beautiful Day!🌹

[@ChauntelleNicole]

YESSS. I would call her " Sheila" and she is on FMLA AGAIN right now. When she return I will be sure to ask her about how to navigate the "System" because I need a break like yesterday. Ms. Perry your vids are always on point. Thank you per ususal!!

[@monicawilliams2835]

I used my VA disability backpay to not work for a year and a half. Now I'm gonna work a remote job to save up, then move abroad to the Caribbean.

[@GoldaaSmith]

When it comes to IF, do what works for YOU, regardless of age. I'm 51 and usually do 16/8. What you also need to keep in mind is the quality of the calories consumed during the eating window and of course keeping in mind, exercise, rest, and hydration. They all work together for overall wellness.

[@cassandramines8300]

Some remote work companies restrict/deny workers from California because: California independent contractor laws define an independent contractor as a person or business who provides a specific service to another company in exchange for compensation, and who is under managerial control for results and not how the work is done. These laws are based on California Assembly Bill 5, which took effect in January 2020 and requires companies to reclassify independent contractors as employees if their job functions fall within the company's core business. Independent contractors do not have the same rights and protections as employees under California law, such as overtime pay, minimum wage, unemployment insurance, and anti-discrimination laws.

[@arismendez4059]

Hi Stephanie! Love show. Share with my daughters.

[@StephaniePerry]

Thanks so much for sharing! 💗

[@constance8606]

Thank you for being so generous!!!!

[@angelique8258]

You have opened my eyes to so many things. Thanks!

[@eileenwatt8283]

If the person is not of the required age and take money from their 401k there is a penalty plus comes April 15 of the following year it will be added to the income of the previous year and the Federal taxes is due which is hugh plus if you live in a state that pays taxes you have to pay state taxes too. Ex. If you earn $50,000 in the middle of 22 and decides to take $50,000 from 401k . There is a 20% penalty if you are not at the age required to take it then you will be taxed on $100,000. In the end you will probably get only about $30,000 of the $50,000. It's best to pay off all your bill save,save all your salary for one year then live off your savings for a year if the sabbatical is a year. If it's a Roth IRA that's different. That's after tax dollars taxes will be due on profits only. Some companies have a limit on how much a person can take from 401k.

[@adeadekanmbi502]

Penalty is 10% not 20% for early 401k withdrawal..but additionally fed and state tax will also be taken

[@KC-qr3wk]

This is the way. Formulate a plan. Move into a room, your car, etc. Save as much of your income as possible in a HYSA and when you hit the number you need - go. Leave your investments where they are…

[@eileenwatt8283]

@@adeadekanmbi502 it doesn't matter what the percentage is. Why take money out and pay penalties and taxes. The person will be putting themselves in debt if they can't pay the penalties and taxes. If they can pay it then use that money as the source to live on while on sabbatical and don't withdraw any money from the retirement until you are actually retired and have no income the year of withdrawal so it wouldn't be added to wages. Robbing Peter to pay Paul is not a good idea. I know people who didn't listen and took money out to purchase vacation home abroad. They ended up having to pay over $60,000 to Uncle Sam plus state taxes which are all on a payment plan now. Their company got sold and laid off all employees. Now they are unable to work and stuck with IRS payments. Save, save and pay off all debt before venture into Sabbatical. Peace of mind.

[@LHarris3000]

I just don’t want to clean someone else’s house but the farm in Spain sounds nice

[@LifehasnoNiche]

I jus pulled $ from my Fidelity 401k it was so easy& a minimal fee. It's your money and you pay yourself interest back. Great for paying off debt or buying a home. Wish I did it sooner!

[@fdoctor79]

Stephaine, special request that your next book should be about your travel explorations because that french farm story was HILARIOUS and CRINGY at the same time. 😅 Girl, you got some stories.😂 Love the housing hacks and seasonal work (e.g. cool works) suggestions. HAPPY RESURRECTION SUNDAY, y'all! 😊

[@tyrahoytt7264]

Thank you, Stephanie as always awesome topic. 😍😍 It is appreciated. 🙏🏾🙏🏾😎😎

[@StephaniePerry]

Hey Tyra! 👋🏾 You're welcome. 💗

[@laskajonesyard6546]

You are on it! Yes

[@StephaniePerry]

Thanks Laska! 💗

[@Laurenlilly902]

The way money disappear out of 401K accounts, it can’t be real money!😂😂😂

[@StephaniePerry]

Can't be! 😆

[@jacquesjourney]

I am trying to convince my husband to sell our home and buy truck and RV. He is not having it, we could sell for half a million dollars. The house is almost paid for. I would literally sell everything and live in the RV full time.

[@abigailr.7487]

You are a blessing ✨thank you so much for all the resources you provide ✨

[@karlay07]

I LOVED your reel.🔥

[@StephaniePerry]

Thanks Karly! 💗

[@venuskirby8243]

Stephanie, you are awesome 👏🏽 👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽

[@AmorFati333]

House Sit Kit purchased! ready to house sit in NyC!

[@thepetaldragon]

Love this. I took 2 months off last year (at age 29) after watching your videos. I want to go for longer now. I got lucky because my old job took me back, but I'm looking forward to taking a mini-retirement again.

[@Qwertyflirty26]

Love you Stephanie! You are so beautiful and are glowing in this video. I can't wait to check out Cambly.

[@celestialj5908]

Thank you.❤

[@nelliehyder8303]

This information is so useful to /for me. I'm going to try Cambly. That sounds like something I would love. I love to talk. Thanks for sharing.😊😊😊

[@evelynharris2792]

I here you will be in Delaware on Thursday, i am so sorry that I want be there, hope I get to see you on your next trip!

[@nj5986]

Thanks again for another beautiful and very helpful video Stephanie! All the best ladies - let's get it!🖤

[@jaesviews]

Black Janet here, currently on vacation 😆

[@livehappy6268]

You are so inspiring!! I've been looking for a different country....it's Costa Rica for sure. Do you do tours there yet by any chance?

[@gigs2riches]

I always cash out my 401k when I leave a job or have an emergency. I saw folks lose hundreds of thousands of funds in their retirement accounts due to market conditions.

[@ninamanns5562]

Stephanie I’ve been following your channel off and on for some time now and each time I hear you speak I dream of what it would be like for me to be a house sitter and when I say dream I mean just that. The reason I can only dream for the moment is because I’m 61 years old and I’m tired of corporate America BUT my employer does not permit a sabbatical and I have not been a good steward of my finances so I don’t have enough savings to quit my job and live the kind of life I so wish I could live which is to travel…and if I were to quit my job I couldn’t come back because of my age and I can’t take a sabbatical without quitting…is there any help for someone like me😢

[@bolamarie8984]

Think of how you improve your income or better still increase your options.. Can you take in a paying lodger? teach a skill? babysit? offer respite assistance to full time carers? Ma'am, please do NOT allow mistakes of the past to imprison a beautiful future. Think of the possibility of additional decades that God may have in store for you. As one 60 something to another, ditch the pessimism. Pray, encourage yourself and start today. Life is the living. 😍

[@denisechilds2391]

Hi my name is Denise, I can tell you, you can do it!!!, I am 61😊, I am working for the next 4/5 years and then I'm out. 66/67...if I can, at this time, I'm starting to save every single solidarity dime, quarter, nickel and penny, ....I have a money goal and that's to travel,!!! Babysit at night for working medical workers, Design a budget, set a goal and do it!!!!!❤

[@livehappy6268]

You said "today, I would do things differently." How so?

[@StephaniePerry]

Today I would need much less money because of house sitting. And I would stick to just a couple of countries for the year, not 12. So less transportation money needed too.

[@livehappy6268]

@@StephaniePerry I/m ready to take a sabbatical now but in reality-I will in June/23 when my lease is up. I'd like your one on one coaching please

[@breakthecycle1971]

Thank you Stephanie!!

[@StephaniePerry]

You're welcome! Thanks for watching. 💗

[@veganinhargeisa8484]

2014 I quit my job cash my 401k left the states went 6 different countries came back to states 2015 open vegan restaurant and online kimono shop 2016 got married now moved back to north Somalia 2022 I adopted beautiful little angel am here enjoying to be a mom and open healing herbal house here .

[@emolique]

Hey! ❤so do u pay for all travel when u do house sitting???

[@victoriarichardson-zl5zn]

This just started playing after I was watching the news. This doesn't apply to me I more than likely won't make it to the age of 65 years old for many reasons. So there is no 401k or retirement for me or no vanguard savings account because I am chronically ill and I am still somewhat young. My life was somewhat like Ms Sophia and Ms ceily where I had to constantly fight someone or something or some system some business industry society hatred racism men etc. I really never had the full supportive resources to live my life in my adult teens twenties and now my thirties. I was a multialented woman I was so many wonderful things but had a lot of issues as well but I am and had to naturally be resilient. I can only move across the United States not across the country or the world

[@rose4u111]

Praying that you receive blessings and peace in your life.💐

[@karlay07]

"You are a multitalented woman," with a story. Ever considered sharing it? While your physical body may not live on, your words and experiences can in an impactful way. If you have nothing to lose🤔 why not go for broke? Age is a negligent data point.

[@babydollkincaid4584]

How do you do this when you have no money at all really? Extra money.

[@KeebasLife]

Lol… I was Janet a few years ago. I still am… when it comes to my benefits. 😂😂

[@babydollkincaid4584]

Where do you live do you own your own home or rent an apartment or with friends?

[@dlawson2374]

Amen !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@msshethings1661]

❤🎉replay

[@jerry28753]

I'd love to hear more tips and less hello and reading of comments. I was excited to see a women of color ....

[@carmengreen8287]

I want to do bad!!! Good morning

[@RhondaOnline72]

Yes, the future IS amazing lol, you silly.

[@UXtatic]

To be honest...I wish a summary of these videos was provided. 2 hours is a tad long.

[@tonibarbre3715]

I am a subscriber but I am not predominantly black. In my DNA I am part African . I don’t understand why you exclude women due to white ethnicity