Should I still work full-time when I’ll be receiving significant income from inheritance?
My father is terminally ill, and I’ll be receiving a large inheritance which will be part of my monthly income.
I currently work part-time and love it (would work full time if I could, my position only gets part time hours, but I can move up to a full time position later on once I’ve worked there long enough). I am also trying to develop my career on the side in my free time. I am making money from it, albeit not a lot yet, which I am aiming to change. I feel like I have a pretty good work life balance right now where I have enough time both for my creative endeavors outside of my regular job as well as a social life or hobbies.
My mother keeps telling me that in order to be stable, I have to get a full-time job that pays 50k/year. I’ve been trying to tell her that 50k/year jobs don’t just fall in your lap that easy (especially if you’re in your early 20s, like me) nor are they common in my field (the arts, where most professionals work contract or freelance). My roommate works full-time and is still only living paycheck to paycheck on 21k/year, and he feels like he barely has any time for himself. Full-time does not always equal more money or fulfillment. I honestly think I can be satisfied and happy on 25-30k/year, especially as I do not plan to ever have kids.
I am conflicted, because yes, I agree most people cannot survive on only part-time work + self-directed side work (I am only “affording” life right now because my father cosigns my rent). However, I am not most people. This inheritance will give me the freedom to still be stable on part-time if I choose, as well as afford expenses which can help me make more money from business. Most of the money I gain per month will be saved or invested.
I hear conflicting views from professionals in my field. Some say they are able to work unrelated full time positions and still make time for developing the career they’re actually passionate about (but in exchange for sacrificing time for other parts of their life), while others say “you have to be PART time, if you work full time you WON’T have time to develop your portfolio.”
For all intents and purposes, I love my day job and do not intend to quit. I know working full time in art isn’t doable for most people, and it would be great if I could, but I think it would be stupid to quit a day job until/unless I know I can maintain a consistent monthly income from art alone (as in an amount that could support me on a reasonable budget even without the inheritance).
I’ve been considering going back to school so I can get qualifications to work a full time day job that I actually like, at least (considering studying vet tech, I love working with animals).
But I’m afraid I’m only giving into family pressure to work full time because she thinks that’s the only “normal” or “correct” way to have a career, that I’ll lose sight of what I care about and give up on the dreams I’ve been working my whole life towards for a false sense of security, when the inheritance will already be providing me security.
There’s a short film called “Here’s The Plan” that keeps coming to mind. I don’t want to waste years of my life doing something that isn’t actually aligned with my goals because I wanted to “play it safe.”
I know I will have significantly more privilege and freedom than I did before but I don’t want to be stupid about it. My roomie thinks that if I can stay part-time and still be stable, then I should, bc he hates being full time and only does so because he actually has to. However he’s young like me so I understand taking his advice with a grain of salt.
Is my mother right or is she out of touch? Should I listen to her or take advantage of the extra time my inheritance could afford me if I so choose? My gut tells me to do the latter, but I’ve been wrong before.