[USER]

Hi all- I am a single 37 year old who makes 115k and has 2 townhouses (one renting to family (wash) and another that has a higher interest rate for myself 7%.

My debt includes 300k (7%) and 120k (2.25%) for mortgages. I am working on getting a refinance on the higher one.

Other than that I pay for internet, HOA fees, phone bill, water bill, electric bill, gas bill, and a cell phone bill.

I have around 45k in savings and I hate my current job.

Given the market and me wanting to refinance I feel like it wouldn’t be best to quit, however my company is very mentally draining and it’s making me depressed.

I have been trying to apply to other roles so I can quite quit but it’s really testing my patience.

I want to quit and I am at my last straw. One more unreasonable request or torment from work and I want to quit.

Am I doing okay financially for my age? What would you do?

It also took me a long time to get to where I am and I hate being in debt, as it took me along time to clean up a mess my dad had created as I was a teen.

I have always worked multiple jobs and I have a college degree.

I would love to just have one job that has great work life balance and to enjoy what I’m doing.

I was in a different industry or type of software prior to this position but I was laid off.

I felt obligated to take this role even though I had my hesitations as I thought it would be better than being unemployed.

Being unemployed sucks, and I also won’t qualify for UE either, not that that’s the goal.

I wish I just could just do my job and be left alone.

I already tried talking to HR as well, but as we know they are there for the Employer and not the Employee.

Please advise. Help! If you have any edtech companies or product manager role positions that you could recommend I would appreciate it.

Thanks all!

[Catherine]

A lot of information is left out. How much do you have in retirement accounts?

What is your goal? Retire early?

Could you start changing more to your family?

[John]

Not sure you will get better than 7% right now, unless you pay massive points which I don’t recommend.

If you do want to refi, it would be harder to do so right after quitting.

In your case, I would hold off on the refi, find a better job, and see if rates come down next year.

As far as doing “Ok”, you should be trying to build up tax-advantaged accounts as much as possible (IRA/401k).

[Deborah]

What would your family member do if you needed to sell a house? Not sure which house would be best to sell (equity, market, interest rate, etc?) but as an asset, one of the townhomes should be considered as a possible resource.

It’s certainly not the first choice, but it might be involved in less optimal choices.

[Shannon]

Take some.mental health days (ie sick leave) every once in a while to help you survive this job until you can find a new one.

[Dani]

Getting a new job takes forever right now. I highly Recommend you get started to see what salaries are like and to get interviews scheduled.

Can you wait 2-3 months in this current job to get a new one?

If I were you I’d keep the job now and start interviewing for others.

Use PTO to take every Friday off or a week off whatever helps ease the pain now (especially if you lose PTO when quitting).

Honestly the biggest pain will be no health insurance in the gap lol if that’s a factor.

[Amanda]

I’m so sorry you hate your job. Your $45k in savings could give you enough runway to take a temporary job until you find one you really like.

I’d reach out to recruiters and temp agencies in your area.

Since rates for refinance aren’t really so much better than the 7% you currently have, I’d focus on finding new employment before the refinance–ESPECIALLY if you are open to leaving the area for a right job.

Good luck to you! Don’t let them eat your joy!!

[Jenny]

Take a vacation, mental health break or change the scenery for a few days.

Then, keep looking for another job.

Don’t quit until you find another job.

Then, reevaluate the rental situation with the family, can you raise the rent to make it cash flow positive?

Or get new tenants?

I don’t like to mix family and business.

[Al Taylor]

Focus on mental health but don’t quit your job unless you have another lined up

[Su]

Wait a little longer to make the refinance worth, there are fees involved and going from 7 t0 6.25 is not a huge save

[Sharon]

Congrats on all you have accomplishedI am confident you will find the job you are looking for!

[Author]

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