Please help with life altering decision

[VaporDaddy]

I have not read every post here, so I apologize if these questions have been answered.

Will the company dole the pay out to you incrementally for a year? How long will medical (or other) benefits continue? After you're finished with the severance payout(s), can you go on unemployment insurance? The last option is great - you can continue to collect for at least six months.

one time payment (huge tax implications)
medical benefits end at severence (wife may be able to get benefits for family)
no employment insurance or govornment assistance

VaporDaddy Reviewed by VaporDaddy on 03-08-2007. Please help with life altering decision Hi, I am hoping some of you can help me make a huge life altering decision. First I will tell you a little about my situation. I am 30 yrs old, married with 2 kids ages 1 and 3. I have been working in a factory for about 10 years now doing a job that I hate but I have stayed there because of the great pay, benefits and time off. Before I took this job I was a Chef. I enjoyed the work but not the hours and the pay was terrible. Well now the company I am working for is downsizing and offering Rating: 5

[FreeVenice]

A years pay is alot, good for investments/school/vacations. But usually when a company has something they are offering, it means that you probly could get more if you hold out. . .

After saying that, I say take the payoff, but ask for more. I mean your going to be gone eventually any how. Invest that money directly into something for you family. Have you ever though of opening a shop of some kind. I am taking a marketing class right now, and for sure owning your own bizz is the way to go, But buying in on some new stock pays off very well. I know a guy who knows a guy that owns almost all the stock a bagged salad. He's set for a while. . . I say a get rich skeem would be investing in property, most of the time they pay whatever you ask for so $$$.

[Breukelen advocaat]

I didn't realize that VaporDaddy was in Canada - and I guess they have a different system for collecting unemployment.


However, a year's severance pay for somebody that worked ten years is very good, by U.S. standards. The average severance rate here is one to two weeks for every year worked. In this case he's getting 5.2 weeks for each year he worked.

It all boils down to finding another job or source of income.

Good luck, whatever you do.

[Delta9 UK]

Take up graphic/web design - learn a new skill Setup your own business.

Set your own hours, work from home & watch your kids grow up.

I.T for the win!

[VaporDaddy]

Well today's the day I get the papers. I have until the end of the month to sign. Thank you all for the advice and keep it coming. You are all so helpfull. What a great community to be a part of!

[Demeter]

VaporDaddy- You know it is a crime to continue to work at a job that doesn't feed your soul. You could die next week- what would your tombstone say- he paid the bills? I'm not saying don't be practical, especially with kids to support, but you shouldn't give away so much of your life to something that doesn't make you happy. I was a department head at the college for 5 years, and I finally said enough because I was so bored, and I went back to teaching full-time. I could have stayed in that job and made more money, but I felt like my life was passing me by. It was a risk to make a change, but that's the fun part of life!
My husband went to culinary school and worked as a chef for a few years with his own catering company- that is how we met, I worked for him! He ended up being an apprentice for a master ice sculptor, and now he has his own ice-sculpting business which he loves and it pays well. So I say go for it- or as Joseph Campbell said, "follow your bliss!"

[VaporDaddy]

Damn, I didn't get the papers. Now I have to wait till Monday.
I need to get high and chill the fuck out.:jointsmile:

[VaporDaddy]

VaporDaddy- You know it is a crime to continue to work at a job that doesn't feed your soul. You could die next week- what would your tombstone say- he paid the bills? I'm not saying don't be practical, especially with kids to support, but you shouldn't give away so much of your life to something that doesn't make you happy. I was a department head at the college for 5 years, and I finally said enough because I was so bored, and I went back to teaching full-time. I could have stayed in that job and made more money, but I felt like my life was passing me by. It was a risk to make a change, but that's the fun part of life!
My husband went to culinary school and worked as a chef for a few years with his own catering company- that is how we met, I worked for him! He ended up being an apprentice for a master ice sculptor, and now he has his own ice-sculpting business which he loves and it pays well. So I say go for it- or as Joseph Campbell said, "follow your bliss!"

Thank you for those wise words. I really need to hear that I am doing the right thing here. :jointsmile:

[Dest]

if you could start doing your own thing (personal chef as mentioned) you would probably love it, nothing is more satisfying than your own buisness.