How to keep earning money and move out of London
If you’ve won the lottery and you’re on the move you need not read on any further!
If you’re a more ordinary human, you’re most likely considering the move but wondering how best to manage that crazy little thing called work. You’ve got options and we’ve given you some food for thought right here.
The Commuter - keep the job and make the move
Things to know
Commuting from out of London is different and you'll need to be willing to adapt and change your routine to accommodate the change - it's not just a longer version of what you've already done and you'll need to get your head in the game.
- For most people, an hour and a half total journey would be the optimum.
- Being able to walk to the station makes a huge difference to your sense of wellbeing.
- Once arriving in London ideally you’ll only have one tube or bus - the more changes the more hassled the journey becomes.
- Having a drive of less than 15 minutes to the station means that part of the journey feels insignificant.
- Driving to a station further away or getting the slower train can mean you can park/get a seat.
Considerations and questions to ask yourself
Do you know the cost of a season ticket (if you’re working from home some days you might not need one but then you’ll need to do the sums - it soon adds up)?
What are the parking charges (they can add as much as £1,500 per annum to your costs)?
What is the availability of parking (free car parks are usually full very early - is it all season ticket holders?
How reliable is the train and what are the chances of getting a seat on the way, and the return?
What time is the last train home and what’s the availability of a taxi at your station?
Will your office change location in the future (choosing the mainline station will ease the onward commute)?
Are you good at leading your life by a timetable - or would you rather live somewhere with regular trains to and from London?
Will you need a second car for your spouse if you’re leaving yours at the station all day?
Working From Home - keep the same job but work from home
Things to know
Everyone has the right to ask for homeworking to be considered (assuming you’ve been in the top 26 weeks).
- Trust is crucial in the relationship with your employer, nothing more depressing than constantly feeling you’re being watched.
- You’ll need to take it seriously in terms of setting yourself an office - don't kid yourself you can do this at the kitchen table.
- Check with your insurance company as you may need a business insurance and don’t forget to factor in the increased costs of electricity and heating if you’re working at home all day.
- Is the internet speed fast enough and reliable enough?
- Do you have the discipline to work without distraction?
- Have you got childcare sorted so that you can work if your children aren't at school?
- Where will you meet other people for socialising and networking?
- Will you have to spend a lot of time attending meetings in London and will the travel costs be factored into your work?
- Do you need to look at erecting an office or remodeling the house in some way?
- Have you got decent mobile phone reception or are you going to spend your days precariously balanced hanging out of a window to get one bar?
- Are you the only person in your office working from home? If you are, you're blazing a trail and may find it tricky to change the mentality of the management.
New Job New Start
Things to Know
- It can be really scary to leave a secure job to move to a new area and finding a new job.
- Only you know if you have the financial stability to choose an area before a job, but you'll need a backup plan if no jobs materialise.
- Do your research in the area to check the job market and prospects before you begin.
- It's definitely a safer bet to get the job first and then choose the area unless you have a decent financial cushion.
- Mortgages are difficult, you'll need to speak to an excellent broker from the very start to explain your situation.
- Would you be willing to change career or take a lesser job to get in the job market?
- Are there jobs in your local area that spark your interest and excite you?
- Do you have some money saved incase you have a time without a job?
- Where is the nearest big city for jobs if the local market doesn’t offer the right opportunity and is it commutable?
- Will a lower paid job still enable you to live the life you planned?
- Are you prepared to network and meet people to get you started?
Whichever option you choose there are lots of considerations - it's an exciting time but you need to be clear on what change you are making and how it's going to work for you.