Part 2/9:
One hot topic that emerged from the discussion is whether taking a sabbatical or temporary break from work is financially irresponsible. Some argue that such breaks could be as costly as purchasing a luxury car, considering potential missed earnings. Amanda Wolf, a personal finance educator, passionately disagrees. She argues that if done thoughtfully—meaning preparation and savings are in place—a sabbatical could be immensely beneficial, primarily for mental and physical health.
Mindy Jensen qualifying this idea, stated that young professionals should only consider a sabbatical if they can manage their finances correctly. It’s crucial to ensure that the sabbatical aligns with your current financial situation, particularly if you lack the savings to cover living expenses during that time.