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Below are some clear signs youre ready for this career shift.
And if you are, take a look at somesteps you should take to prepare.
Your Skills Are Marketable
Salahi assesses whether his clients have maintained in-demand skills.
Ive seen this reduce theaverage job search timeby 47% when theyre ready to return, he said.
He recommended setting $15,000-$20,000 aside specifically for healthcare costs during a one-year break.
Debt Management
Salahi advises his clients to eliminate all high-interest debt before micro-retirement.
Income Streams
Salahi has found that successful micro-retirees typically have two to three passive income sources.
I encourage my clients to schedule quarterly coffee meetings withkey industry contactsthroughout their break, he added.
Investment Reallocation
Before clients take their break, Salahi helps them adjust their investment mix.
She used the break to travel and learn new programming languages, Salahi said.
When she returned to work, she landed a 22% higher salary than before her break.
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