It’s one of the most predictable rejections to the idea of FIRE out there isn’t it?
We’ve all heard it before in many articles that go short on the FIRE lifestyle.
The funny thing is, recently I’ve disseminated the idea (nay, fact!) that I’m handing my notice in this coming January to friends and family, and have not mentioned the wordsย early retirement or FI at all. The former because that would be a downright lie, I plan to continue working on things that I want to do, and the latter because it’s likely I’d get an expression of confounded incomprehension (not to mention that would also be a lie because I am not and will not be technically FI either).
And yet the number one comment I seem to be hearing is that people think I will get bored.
Eh!?
I just don’t get this. AT ALL.
But… I guess they don’t know what goes on in my head[red]Where’s the Neuralink brain connector when you need one?!?[/ref]. So it’s a fair question, let’s dig into it a bit shall we?
anti-social behaviour
I will admit, there is the not insignificant worry of how to fill the void of social interaction that my job easily provides right now. I really do love the ease of which to find someone to:
- Go for a run at lunchtime
- Go and play squash
- And my recently acquired hobby of climbing
- Go for a beer after work!
However these problems are clearly not without fairly easy solutions. I could:
- Join a running club (although to be perfectly honest I really do enjoy running alone)
- Join a squash club (there are courts around 1 mile away from my house!)
- Go to the local climbing wall and try to make friends (again 1 mile away from my house, and the walls are a lot higher than the one near work so may actually expand my climbing experience as well!)
- Be a bit more proactive in keeping in touch with local friends for beers around where I live.
team work makes the dream work (puke emoji)
There also the social side of actually doing work which could fairly be described in a perfect world as something like:
Doing great work with great people all working together towards a shared vision you are all passionate about
I’m not saying there aren’t great people at my work, but the company is large enough now that interaction with the good ones is now few and far between, and I’ve long since stopped giving a sh*t about the companies “mission” or whatever you want to call it; which is basically to make as much money as possible 1
However, this is not to say I couldn’t get a job somewhere else with those lofty attributes in bold up there. I just think the chances of this are very, very slim.
Ultimately, I want to try the solo-preneur thing for a bit. There are bound to be connections I can make to others doing similar things (in fact I’ve already made a fair number of them through this blog and other online channels.)
While the chances of face to face collaboration seem somewhere between “fat” and “none”, you never know where things might lead.
Being perfectly honest, I’ve never really had an issue with getting down to serious sessions of solo work on the laptop/PC for extended periods of time, so I don’t see why that should start becoming a thing to worry about now.
imagination stagnation
The list of things any given person can want/attempt to do, even just limiting it to getting work done on a laptop, is now pretty endless.
And there is no reason why I would necessarily limit myself to that anyway; Part time gardener over summer sounds like a pretty fun gig, for example.
I haven’t mentioned many ideas of things that I’m interested in pursuing to people, so while they can be forgiven for not knowingย exactlyย what I might do with my time, does this not show a serious lack of imagination of most people? I could think of 100’s of things I’d rather be doing than full time work without missing a beat, and no none of them involve watching TV!
Maybe that is part of the issue? Has TV turned us all into non thinking zombies with no idea of how to otherwise fill our relatively time abundant 2 lives? Or has it always been thus, with other things like books and whatnot providing distraction for the masses, with only a handful breaking free into independent thought?
Maybe I’ll build a time machine to go back and find out ๐
soo… what then?
Here is a list of a few things just off the top of my head that sound interesting. I would imagine most people would have a list like this stored in their heads, but again given the “bored” comments, maybe this is not the case ๐
- Decompress – First and foremost, after 16 solid years in the work force I may need a month or two just to decompress and get into the swing of things?! (I actually think this is unlikely and I want to hit the ground running with other projects, but, it has been reported many times in FI circles that decompression is a *thing*)
- Make a music album much like our friend The Mad FIentistย (or at the least just get back into making music full stop!)
- Part time gardening (summer only!)
- Part time handy man – I quite like the sound of this and the varying nature of the work.
- Learn to play guitar properly.
- Learn to play the drums… hell yea!
- Do an ultra learning style course (basically do an online course but try to accelerate pace of learning):
- Online Masters in Computer Science from a premier US college, like The Saving Ninja
- A Materials science course – I am interested in doing something that could help “save the planet” – I believe finding new materials (instead of plastic etc…) are a key part of doing this.
- Robotics / AI / Machine Learning
- Nano-technology
- Learn 7* languages (*or whatever)
- A proper economics/business course
- Get consumed in numerous Wikipedia/YouTube/TedTalk spirals of death ๐
- Finish off all the small/medium DIY jobs that still need doing around the house (believe me this could take me a year in itself!)
- Bigger DIY projects – Downstairs bathroom, Decorate spare room, look again into installing a ground source/air source heat pump(!?!?)
- Fitness/Sports – Play/do a lot of and (attempt) to get really good at:
- Squash
- Running
- Golf
- Tennis (my friend is a tennis club member down the road from me, it’s really cheap so not against giving some new a go!)
- Climbing
- Investing
- Gain a much deeper understanding of investing. Become the next “The Investor” ๐
- Build a great portfolio of early stage companies (I’ve decided that this is where the best gains are going to come from)
- Becoming involved in Angel investing at a deeper level, providing support etc to companies invested in.
- Actually making some money… we need to eat after all!
- Continue creating simple yet useful online/web-bots that I could sell to potential customers to automate their day to day process (I think there is a lot of scope in this area, from my initial experiments and feedback!)
- Freelancing
- Improving the blog (maybe start with writing a post more than every 6 months ๐ ) – and monetisation thereof
- Starting up other websites with a more monetisation focus from the offset
- Buying//Improving/Selling websites (Flipping)
- I know people love this one so I’ll include it – Amazon Merch ๐
One final thought, as I’m now fast approaching no work D-Day I had a quick check on my daily plan I wrote back in April this year, and am glad to see that this still looks pretty good, for at least the first year of my post work life, at least.
What about your plans post FIRE? Will you keep yourself busy? ๐
I can recommend co-working if you need a social life while self-employed – most co-working spaces have cheap deals where you can get a couple of days a week for around ยฃ40.
They tend to attract interesting people, and a diverse range too!
Hi Karl,
That’s definitely an option as well if I get too lonely ๐
The thought of meeting other likeminded people is probably the biggest draw for me there.
Having said that… have you read the latest about WeWork?! ๐
Cheers
Good luck with the upcoming shift in work patterns, TFS! No time like the present to try something new, especially when you have a bit of a savings buffer. Some of those things on your list sound great. I’m looking forward to reading about how it all pans out. All the best!
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Cheers Dr F!
Woah exciting stuff TFS!! Excited to keep reading of your adventures to come!
Cheers Kieran,
I should have more time to post and keep everyone up to date (and hopefully actually write some more “useful” posts for people as well!)
Hope you are well mate
haha – you’re going to need a bigger desk!
Interesting on the MB-bots. I would imagine thats hard to do?
Hows the income looking from the MB of late?
Dylan Thomas once called Swansea the death of ambition, which prompted the council to carve ‘ambition is critical’ on the steps of the station, just to remind everyone. They were wrong, imagination is critical, ambition is nothing in comparison to imagination. I see you’ve drawn a similar conclusion. I couldn’t agree more with it.
I’m starting to feel I too am in the death throes of what you would call the normal 9-5. Its becoming unbearable..
Has the novelty of part-time worn off for you?
Haha, yea it basically doesn’t fit! I can ditch one of the laptops then it’s OK, I just stuck two on there for effect really ๐
MB Bots – It wasn’t that hard for me in all honesty but I have exactly the right skill set to have done it. I’d imagine it’s hard for someone with no prior coding skills yea!
Haha, that’s funny about Swansea! ๐
“Has the novelty of part-time worn off for you?”
Not really, I would probably stick it out another few years if there weren’t other issues at work (no pay rise in 3 years, don’t agree with management on various decisions, etc etc…). So I may as well just pull the plug while I can and see how this “other life” goes… ๐
How do you see your next few years panning out? Are you in a position to quit and try something new or do you feel you need more of a savings buffer?
I think I need to take a leaf out of your book and go part time. But there are potential issues with remortgaging down the line. I’m starting to think the offset mortgage/portfolio leverage experiment wasn’t as smart as I first thought? It does put constraints on future plans.
I’m sorry the job hasn’t been behaving itself. I thought you had a very sweet setup out of all the FI blogs. But the best laid plans and all that…
I’m tempted by the MB as the returns look attractive and its very flexible but at the same time I would ideally like to spend my time on non zero-sum game activities (but my ethics are flexible ๐
I’m on about 33x on the portfolio/expense ratio so a quittable position for sure, but I’m not a FIRE purist. I think work can have intrinsic value outside of the paypacket. But it depends massively on the work!
I did have one eye on this when I did the 10 year mortgage fix, it will give me about 6 years left to pay down significantly or otherwise put in measures to make remortgaging easier when the time comes.
It is a sweet set up for sure. I shouldn’t really be complaining I know, but I still think I can do better so why the hell not try?
Haha know what you mean about non zero sum. I hope to put a bit more back into society at some point in the future!!!!
Wow, 33x is very quitable and far more than what I have. What is stopping you just quitting and trying something new? I agree on the intrinsic value of work, just fed up of all the corporate nonsense and commuting really.
I wouldn’t be surprised if I got bored after a couple of years and just got a local job at a smaller outfit to bypass those two main issues.
I’m tempted to quit but would rather go part time first. I’m involved in a tiny start-up which on the face of it sounds great. Theres no corporate nonsense, but on the flip-side, the personalities are highly concentrated. Part time would have been impossible when we were only two but now we’ve expanded a little it may become a possibility – we shall see. I think really what I need to do is step out and up into the CEO role, but a lack of imagination as to what to do to achieve this is whats stopping me in that dept. I need some inspiration or some sort of brainwave!
I do worry about being bored if I just go cold-turkey and stop. We’ve seen this not work out for several FI bloggers out there.
Maybe your work woes are due to you being part-time? I think a lot of people resent it and it can have a bearing on progress?
“I need to do is step out and up into the CEO role” – You make this sound easy? ๐
Or did you mean start your own company so you are instantly the CEO? (Or bump off the CEO of your current employer… haha)
“Weโve seen this not work out for several FI bloggers out there.” – Know exactly what/who you mean but I’m not sure I would phrase it like that. They reached their goal successfully, then decided they’d be happier doing whatever they ended up doing (going back to work or “working” on other projects that happen to make money like starting a business or whatever).
Yea the lack of pay rise is 100% down to me being part time, my immediate boss has pretty much said it to me straight up. All I ask for is an inflationary pay rise. I just don’t believe it’s right to basically give someone a pay cut for turning up and doing their allotted hours, whether that is PT or FT (and I usually give more than that anyway so even more unfair).
I have no interest in getting “progress” related pay rises anymore though, as that would mean taking on more responsibilities which to be fair doesn’t make much sense when working PT. But again since head of our small UK team left in March, I have been doing much of what he was doing anyway so even on that metric, I almost certainly deserved one. I will shut up and get over this now anyway… haha.
Welcome back, TFS! ๐
I’ve never got the ‘won’t you be bored?’ question either. I don’t deny that I may get bored of some hobby that I’ve been able to take up again upon giving up work but hey, there are plenty of other hobbies/interests to move onto – there’s no need to stay bored!
I think when I pull the plug I will likely say that I’m taking a sabbatical – less provocative than retiring early and more understandable than FI or FIRE!
Love your big list of things you can do – so much stuff there to learn and enjoy, if only you had the time, eh!
Look forward to the future post of when you hand in your notice and hope all that goes well! Do you think your firm will try to keep you on and offer you a pay rise?
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Yea I think most people who are into FI would have a big list of things to do and so find the question strange, it’s part of what appeals to us about it in the first place right?
“Do you think your firm will try to keep you on and offer you a pay rise?” – Time will tell, I though they might do (I will say no anyway of course) but then I had a meeting today with my boss who I confided in about leaving and he said they only would offer that on the proviso I come back full time. Which OBVIOUSLY is not going to happen, haha!!!
Cheers
A brave decision to pull the plug, but at the same time one that i very much admire. As long as your family are well provided for, and that you can handle decumulation and the potential for your net wealth to fluctuate in some years then you should be fine.
The betting exchanges over the past 6 months have been awful – their spreads are ridiculous and they’re not prepared to lay a bet. i do hope your system is still viable and working, and that you’re not relying upon it to last indefinitely.
One tip i will give you – don’t leave a big glass of water next to two laptops!
Thanks Kid Cocoa,
I am hoping to avoid any de-accumulation to be honest and keep on earning at least as much as we need to spend each year. Remains to be seen whether that is the case of course.
I have a few systems currently running and just started another up (and there are always more ideas) so I hoping a diversified set of strategies will keep profits going for a fair while, however it is absolutely certain that nothing lasts forever. So I will hoping to pivot into selling software as well, but the betting stuff should give me a nice run up to that without worrying about money too much (fingers crossed!). Hoping at least a year of worry free profits while I get some other income streams on the go.
Haha, good advice on the water, especially with a 3 year old running about!
Cheers!
Lots of great things on that list TFS! I look forward to reading about it all! ๐
Cheers Mindy, hopefully will get some more time to actually write next year!
Ah! A TFS post is like an early Christmas present ๐
Next years going to be very exciting indeed for you dude, I’m really envious. I think for individuals like us, we’d never be bored. Although others who need to be coerced into doing meaningful work might struggle to get off their asses and do anything other than binge watch TV.
I think you definitely played it right with your part-time deal before pulling the plug all together, it gave you the taste of what it would be like prepped you for periods of having to be self-motivated. Do you think it would have been harder to pull the plug without trying part-time first?
I’m hoping to at some point transitions into some kind of 6 months on and 6 months off contracting gig when I grow my stash a bit; then I’ll be able to try out passive income ideas like yourself and eventually be able to cancel out the other 6 months ๐
I can’t wait to hear about how it goes! And best of luck! I hope you’ll still be making it into central sometimes for pints?
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Hi SN,
Yea I think it was the right move trying part time first. For a start it did give me time to try to build a few things up on the side, basically just breathing space really, as with all the things that come with modern life nowadays it doesn’t leave much time for anything else. That then gave me the confidence that with even more time on my hands I can make much more progress.
Having said that, if PT is no an option and you have the means to quit and go straight into full time “do what you want” mode then there is no way I would discourage that!
It will probably still be a massive shock to the system and very nerve wracking in the first few months of being essentially jobless, especially if something happens like a bad set of results on the gambling stuff and/or other income streams are disrupted, which is perfectly possible given most of what I’m doing now are not long term solid income providers.
6 on 6 off does sound pretty good, a bit like what Indeedably does I believe. Once the kid(s) are all of school age I might end up doing something like that because what else are you going to do in October-March haha!?
Thanks as always, and yea I’m sure my “client entertainment budget” certainly extends to popping up to central to buy you a pint or two ๐
Lots of great ideas there FS. Far more plotted out than my early retirement ideas.
I never understood why people insist they would be lonely without co workers. I like a lot of my co workers but not having to be responsive to clients would be a wonderful type of solitude. I guess the difference with early retirement as opposed to normal retirement is that your friends won’t be retired too so you definitely need lots of independent ideas (which it seems like you have).
Cheers FF!
Hah yea not being at beck and call to clients sounds great! I may end up still having clients when I get some of my micro business ideas off the ground, but at least I know any money will be going into my pocket rather than that of the huge corporation I work currently work for ๐
Hey mate!
We’ve had lengthy convos around this and I am so pleased you are following this through. I think there’s a whole misconception within the community that those who leave their regular jobs are just going to sit around and do nothing. You’re a motivated, smart dude so naturally you will continue to grow. Leaving the job is removing the chains which restrict your development potential. It’s incredibly difficult to come home after a full days work (and commuting) and start crushing a project when you have a family. Couple this with leisure, fitness, diet and it becomes impossible. Something always slips.
I have thought of the gardening side of things as I believe it’s something I would be good at too. I always come back to the day rate i could command in digital however and whether it’s worth just working less and pottering in my own garden.
Another misconception is that when you leave your job that’s the end of the road for employment; which is a complete falacy. There’s no reason why you couldn’t give something like this a go for a year and if it doesn’t work out you can start applying for other jobs again. You’re in a growing industry where demand outstrips supply. There’s absolutely no issue with trying this.
As you know I did this 4 years ago when my daughter was born and my working hours have gradually decreased and the money I make is far greater than what I made while in my day job. Sure you miss the office from time to time but there’s ways to change this (regular sports, co working, coffee shops etc).
This is a great move and with your financial cushion it’s really no risk whatsoever.
I’m here if you need any support or advice.
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Ryan!
Another contender for my favourite comment of the year ๐
Thanks for your guidance and support, it means a lot.
All the best and speak soon no doubt
Woohoo, itโs exciting to hear youโre finally pulling the plug in January!
Having been โon sabbaticalโ, for 1.5 years now I can honestly say that filling the time and getting bored are the least of my worries. My problem is trying to fit in everything I want to do, whilst trying to stay focused on the needle movers.
Good luck with it, and I shall look forward to reading all about your new adventures next year.
Corinna
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Haha, sounds like a pretty decent sabbatical that Corinna!
Is that how you sold it to family and friends? Or did you just tell them exactly what you were going to be doing?
Cheers for the well wishes, appreciate it.
I think it was a combination approach that I explained to people. First, having been an IT Freelancer for over 5 years I’d accumulated at least 1 year’s savings in my business account to live off. But second, I was working on self book publishing at the time and I wanted to see if I could make a go of that. Everyone I spoke to understood because they’d seen the paperback books I’d already had published!
As it happens, over the course of the 1.5 years I’ve tried various different ventures searching for something that I love to do the most. So I’ve also been involved with affiliate marketing, some blog monetisation (albeit small) and more recently creating online workshops. I need to settle on “the one thing” at some point soon though!
And yes, it’s definitely been a decent sabbatical!!
What do you mainly code / work in TFS?
Development companies are screaming for freelancers so I’m sure that you’ll be able to pickup a healthy amount of work from this side of things! (PS – We too are also looking for developers).
Nice work though on pulling the plug in January – must be a huge relief / feeling of achievement?
Mainly frontend so Html/JS (plus most relevant popular frameworks)/CSS but I’ve done server side coding and backend as well so kinda full stack really.
Yea there is no shortage of work. If my own plans don’t go so well I am sure I could try freelancing!
Umm…. not so much yet, maybe when I actually hand my notice in it may hit home a bit more? Also as I’m not technically FI the relief is being quickly filled by worry that I won’t be able to make it pay when I’m out there on my own… so I am definitely not getting that element of FI which is a shame but an expected part of my plan from the start. I’m still very grateful to be in the position I am though.
Cheers!
I’ve been “retired” for a year and a half now after pulling a plug on a 17-year IT career. I can honestly say I haven’t had a boring day yet. Between gutting the beach house that we “retired” to, maintaining the rentals, adding and renovating another rental, buying and fixing a classic Jeep, working on an old Mercedes, travelling, reading library books every single day, working out, and just enjoying where we live now – it’s been quite a ride!
I think by definition, if you are ambitious enough to reach FIRE you don’t have to worry about being bored once you get there. Your list is a good example of why you won’t get bored any time soon. You’ll just have 9 more hours per day to actually work through it.
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Is there any reason you don’t talk about each way betting any more? I’ve also noticed that you have password protected the How To.