Is it a bad idea to take a 2 year sabbatical for burnout?
I’m 42M, no kids, no debt, paid-off condo living in HCOL area. My business has not been doing so well this year because of the economy and I am stressed out and burnt out. So, I will be closing it down by December. I want to take a 2 year sabbatical to improve my health and do some traveling. 12 years of doing my business has taken a toll on me and never really got to travel because of the time constraints.
Current portfolio: $764K: $560K in VTI, $204K cash. I plan to invest $150K of the $204K cash into VXUS or QQQM and leave the rest in cash or bonds.
Paid off condo worth around ~$630K.
I have another $210K in an HYSA. I will be using some of this money for the two year sabbatical.
My annual expenses are about $35K/year but plan to spend about $70K/year during the sabbatical because of traveling. Once the two year sabbatical is over, I already have plans to start a different business that is more meaningful and doesn’t carry all the stress.
Some of my friends tell me it’s a bad idea to go on a 2 year sabbatical because a recession is looming around the corner. But I really feel like I need this for the sake of my physical and mental health. I would like to do some traveling while I’m still young too.
I’m open to advices. Thank you.