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Ctrl-f + "fire" in comments... Nothing?? The author mentioned FIRE (Financially Independent, Retired Early) which, IMHO, a big factor in your happiness at work
by kinkora 8y ago
Ctrl-f + "fire" in comments... Nothing??
The author mentioned FIRE (Financially Independent, Retired Early) which, IMHO, a big factor in your happiness at work based on my own experience being on both ends of having money and nothing.
Some background context - worked for a decade+, quit job to go travel for 6 months with sizable savings in bank account, came back almost broke, now back in the workforce.
So I am one of the lucky ones in the world to absolutely love the industry I am in hence never hated "work". Colleagues, office politics, etc is another matter but "work" itself was always interesting thus I was happy in the sense that I never hated doing my actual "work". What I noticed that contributed to my happiness at "work" was how correlated it was to the savings in my bank account. The more my bank account grew, the less I worried about the "other things" (crazy bosses, stifling politics, strange colleagues, etc) and the more I could relish enjoying the challenges of doing my actual "work".[1]
Fast forward a decade, I then quit my job to travel and it was absolute bliss of happiness! Kind of a taste of retirement life. HOWEVER, while I had a huge chunk of savings, it wasn't exactly FU forever money so as the bank account started dwindling while traveling, I noticed my happiness was correlated again and I started enjoying traveling less.
Once my bank account was down to an unacceptable level (for my own standards), I made the decision to go back to work to replenish it and work again towards my FIRE goal. I managed to get another job in an industry that I enjoyed doing the "work" but I wasn't exactly feeling happy this time round due to the constant worry about being laid off, having to pander to colleagues and/or bosses, dealing with politics, etc. Doing the work was fine but a lot of my unhappiness came from worrying about "everything else" at work due to me depending on the paycheck.
Fast forward to today, my savings are back to healthy levels and once again, I'm happy at "work" even though nothing has changed in terms of "everything else". Makes me realise that anecdotally for me at least, having FU money in my bank account contributes A LOT to my happiness at work - assuming of course with a caveat that you love doing what you are doing at work.
[1] I put apostrophes (") around the word work because I defined work in this context as not the job/position as a whole but the actual thing that I do. I.e. If work is Software Engineer at Google, I defined "work" as doing code related stuff.
- mancerayder 8y agoI can relate but it's a treacherous, rocky path to follow the pot of gold. Sometimes it's a compass. And if you live in a very expensive part of the world, it can quickly land you in a pressure cooker environment. Now, the issue is that as you get older, you start to explore other paths. Ideally, rather than travel for six months like you do, laudable in itself, I try to use that money to invest in stuff for the future. One hopes then to have even more relaxing six month adventures, if I still have the energy.
- kinkora 8y agoI completely agree that some people pursuing FIRE can be too fanatical about chasing the pot of goal and only waiting until old age to "enjoy". I kind of skirt in the middle (i'm more of a FatFIRE) and think of FIRE more as a North Star. :) I should mention that I do live in an expensive part of the world (think SF but not SF) and the bank account was just the liquid assets bit of the portfolio. Been on the FIRE journey for 10 years now so I have some illiquid assets (properties, stocks, etc) but I tend to not think of touching it ever.
- mancerayder 8y agoListen, I totally agree and would do the same thing. However what you've not mentioned above in your 6-month-travel-til-cash-burnt-out story is the assets. I noticed the plural on properties. :-)
- lawn 8y agoI love the idea of FIRE and I'm working towards it. However I find it's difficult to grasp and truly appreciate right now. I need to be disciplined over several decades until I can reach it. Being disciplined isn't something that comes natural to me and it's sometimes very exhausting (applies to eating, exercising and sleeping a well). Thinking about this awesome goal far into the future makes me sad right now. It makes it harder for me to be present and appreciate what I already have (also something I've always struggled with). Therefore I try to avoid focusing on FIRE too much. I don't maximize my savings rate as much as possible and instead taking a more relaxed approach. I'm playing with the idea of going down to 50% at work and 25% for hobby hacking and 25% parental leave. This will affect my FIRE date but I hope it'll make me happier right now.