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Hi Fishes,
I am at a career standpoint where i am really confused what to do.
I have 4+ yoe in RPA .I really dont think its sustainable as a career .I am willing to learn and move into something different.
But what i am really confused is how would i manage to switch jobs without any prior experience?
I already earn 13-15 lpa,why would anyone offer me same level of package without experience?
People who do a successful career switch,please share your stories.In need of some motivation
Need 11 likes for DM pls support
Additional Posts in FIRE Financial Independence Retire Early
Anyone a CFP as a side hustle?
Decided to payoff my mortgage.
What are the best cities to live in for FIRE?
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Your goal number is massive, IMO. I hit mine at 55 and never looked back. I’ve been traveling around the world, reading, getting outside and getting in shape after years behind a desk. I’m never bored, and I’m thinking of volunteering at the local children’s hospital. My life is only limited by my imagination. It’s a wonderful feeling.
Can you control your schedule a bit more? In my experience, 50 feels a lot different than 40 which feels a lot different than 30.
Same general question for your spouse.
I'm not sure what your spending needs/obligations are/where you live/age, but at $11M HH NW, I'd seriously consider not working at all or pivoting to something like teaching and pretty much living on interest and dividends. At risk free rate, that's a nominal $440k pre tax without even touching principal. Yes, inflation erodes this over time but it sounds like your spend is nowhere near that so you can keep investing.
Thanks for your thoughts. I enjoy my work and it’s from home so I don’t feel too stretched. I’m not sure what I would do with the extra time—maybe read. I think what would be beneficial is just having less responsibilities all around (if that makes sense).
Because it’s not a necessity and more of a luxury I’ve found myself just delaying it, even though I mathematically don’t need to keep going at that rate. I think it’s a psychological barrier, and almost feels like making a hard adjustment from what we’ve been doing which is saving and delaying gratification.
Is this a joke?
No. You have 11M you can go work at Walmart and they’ll be taken care of. Or keep working what’s the problem here
Coach
Congratulations! One of the hardest parts of FIRE is not the asset accumulation but knowing when to slow down and focus on the life aspect.
It’s a great idea to start slowing down a bit at work and start figuring out how you’d want to live your life post-FIRE. A successful transition requires you to have a mix of activities that provide physical, mental, emotional and social satisfaction as well as a sense of purpose and structure.
Do you know what that would look like for both you and your wife?
This is very helpful. I think going from 50 hours to 40 or 35 would be a good first step. We have one client that accounts for that much and though I enjoy working with them, if we were to lose them I think it would force my hand a bit.
Look up “Get-A-Life tree” it will help in your planning.
Congratulations! Maybe you can start focusing on the "fulfilling parts" of the job vs. the "grind-y parts". For example: I'm assuming you have a lot of experience under your belt? If so, you can shift a few hours to mentoring more junior resources (if you enjoy this).
That's just an example. I'm in the same boat in that I no longer have to work - I choose to work. This has given me the freedom to get more involved in the parts of the job that are exciting / fulfilling / motivating to me. It's a win-win for me and my company.
Btw, if you don't mind sharing, at what age did you reach your FIRE number?
I didn’t set a number. I am 41 and it feels like enough.
I (thankfully) got laid off last year by my idiot manager who they kept just long enough before management realized the idiot-ness and laid HIM off. I don’t think anyone else in the company would have let me go, and I still liked the work and the people enough to not want to retire.
But since then, it has been wonderful. Lots of travel. I can sit and enjoy a cup of tea and jigsaw puzzle whenever I want, go hiking or to the beach at any time on any day. Plus volunteer work and all kinds of little projects. Classes at the community college, assistant coaching on sports teams.
I did keep checking in for a while to see how things were going at my previous job. But after a couple of months I didn’t even care enough to do that. (I had documented everything I worked on in preparation for possible retirement, so I didn’t get a lot of questions about my projects. This was to benefit my co-workers, not my idiot manager.)
There is a lot to do in the world, so no, stopping working was not a hard transition.
Do you plan to (or need to) go back to work at some point?
Ah. If only I could continue mostly remote work. Every place wanted to go back to the pre-cell phone era of 5 days a week and no approved time off.
How did you amass $11m by 41? Really impressive.
The first $1M took forever. I am invested in 100% equities (nothing risky) and it just grew from there.
43 here and our combined NW is $10m. Similar boat - mixed emotions - some days I have all the energy to grind and other days I want to call it done and go focus on other interests.
Seriously, you’ve got $10m. Enjoy your life!