Would you still work if...

[WineAndFireside]

Would you still work in the following circumstances? Late forties, single parent of two (teen and tween) at home, passive income of 2700 a month after tax, home owned outright, 500,000 in investments in addition to the home. Two chronic but not life-threatening health conditions.

Probably not.. can you go on holiday etc as you would like to?
I have a bit of a side hustle job that’s only a few hours a week, so if probably keep that up to save for trips away. But it doesn’t seem like you need extra money.
is your passive income based around the 500k investments?
Will the kids be looking for help at uni?

Yes. Because you never know what the future might hold.

But you can afford part-time if you want to. And to choose a role, possibly in a totally different field and at lower pay, which you really want to do.

I'm a little bit under that, and I'm going to continue to work, but part-time, mainly because I enjoy what I do, and it gets me out and about and talking to people (sounds a bit sad now I type it!)

Plus I'm just naturally cautious.

I’d probably work part time as kids that age just get more and more expensive and if they want to do uni £2700 will be tight for 2 households

It depends.
For me, I wouldn't feel like that was comfortable enough to weather unexpected storms so I'd be tempted to keep working for another few years.
But, it depends on the job. If it was a fairly easy job then, yes, I'd keep going just to build the numbers a little. But if it was a job I hated or which was taking a physical or mental toll then I'd probably risk leaving.

But, much more context is needed.
Where is the £500K invested?

What do you mean 'passive income' - do you mean interest from the £500K?

What are you doing with the £2300 income each month?

What percentage of this £2300 are you investing/saving? And where?

How much is the house worth? And is there a possibility of moving or downsizing which would free some equity?

What are your outgoings per year? And how would they change if you gave up work? For example - how many holidays do you have, how much do they cost, would you want more holidays because you have more free time, would you be able to cope with fewer holidays because you're being more careful with money?

I'd try and work part-time. If that's an option.

Many reasons why, pension, example to your kids, I think people age when they stop working.

I'd use my time to pursue something I loved doing but may not be monetarily rewarding. Like writing, painting etc. And possibly do some volunteering.
But if I had a job I loved I'd keep doing it.

I wouldn’t do my current job because I don’t think that would be compatible with a chronic health condition. But I think it would want to do some work, because of the positive benefits (not just financially) that it can bring.

No, life is too short. Why put yourself through work with chronic health conditions if you don’t need to. Enjoy your life.

No. Not unless I was really bored. That’s more than my income from my (decent) job, and I pay a big mortgage, and have three children.

@RoseAndRose

Yes. Because you never know what the future might hold.

Exactly this. Both me and OH have serious health issues (OH has incurable cancer), but we're "able" to work, albeit part time, in our business. We don't need to, mortgage paid off, a fair bit of investments we could draw down and live on, but you never know what the future holds. We can do what we want, we can go on holiday, we have decent enough cars, etc. Why not continue to work so we don't have to draw down on savings etc for living costs? We all know investment values can fall, we've all seen property and stock market crashes, in the 90s, we suffered the Equitable Life pension firm collapse. You really never know what the future holds.

Depends where you live and your lifestyle I guess.

£2700 without mortgage/ rent would be enough for me to put some aside for savings, Xmas, holidays etc. I wouldn't want to quit work and not be able to afford to travel, do days out. And there's possible Uni on the horizon.

But I'd look for something that fit me well, part time and I'd assess periodically based on my health.

Very similar position except my kids are younger (primary age). I don't work
But my husband does. We have talked about me going back to work but both agree it would add stress to our lives that's we don't need. There is more to life than work

Absolutely not! I would never do another day's work again if I could afford not to.

Yes I would, unless there was also a good size pension pot. I would work part time though and only until about 60.

I think I would do something with my time, whether it be work or volunteering. I'm afraid I'd get a little bored, especially as I'd imagine the majority of your social circle would still be working.
I would very much enjoy the security of that life though, ahhh a girl can dream! 😂

I probably would if I could, just to protect myself a bit against the unexpected happening and to pile up a bit more inheritance for my kids.

I'd take it easy though, I wouldn't flog myself just to get a bit richer. Something part-time and enjoyable, nothing stressful.

Interesting range of answers...

A bit more context, for pp who asked. The passive income I currently receive is mainly from pensions due to being widowed young. About half of that income will go when the kids leave school (or uni if they go) but I will have a beneficiary pension of 11000 for life, index linked. I also have a small pension of my own that will pay about 5000 a year from age 60.

The 500,000 is split between an additional property that I own outright and rent out (rental income provides about 6000 per year) and managed investments that I am currently not drawing from.

My home is worth about 450,000. If necessary I could downsize to a house half that value once the kids are independent.

The job is rewarding but stressful, and not helping my health.

Nope I wouldn’t be working.

The only reason I go to work is to afford to pay for life and nothing more, if I could happily afford my lifestyle without working I wouldn’t do it.

If my job was negatively affecting my health then I wouldn’t continue doing that particular job in your circumstances.

That doesn’t have to mean giving up work entirely though.

Agree with @BelindaBears . I would give up your stressful job and look for something less demanding and likely less well paid instead.

Depends if I enjoyed my job or not.

I don’t currently, I find it incredibly stressful and takes up huge amounts of head space thinking about it even when I’m not there. I’d be happy to still work though-doing something that I didn’t hate.

Yes, my job takes up a huge amount of headspace and mental energy. A halfway measure - part-time, low stress, more fun - could be the way to go. I haven't a clue where to start with that, but it's a lovely thought that it could be possible.

Im a nurse, id probably drop to one 12 hr shift a week in order to have a small income and keep my registration.

I would work part time, but in something / doing something that I wanted to do. Failing that, I would volunteer, again for something /doing something you want.
Gets you out and provides some structure to the week. Plus who knows what the future may bring financially, positive opportunities, friendship etc.