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Old 04-21-2012, 08:42 PM   #41
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Don't get me wrong plenty of people love their work. Warren Buffett, is one example, Mike Wallace was another example he sort of "retired" at 86 but it was obvious from the interviews with his collegues that Mike never really retired. His response to why don't retire is "retire to do what?" he said to Morley Safer you have painting I just have work.

Fortunately for both Buffett and Wallace society pays very well for people with great skills in money management and reporting. Although not nearly that well for people with average skills in journalism.

One of the best guys I had working for me got Hodgins Lymphomy in his early 20s and fortunately beat it after a two rounds of treatment. I had him working on hybrid marketing-engineering project which I thought he enjoyed and he did to point. But his real passion was guitar and after working for Intel for 8 or 9 years, he followed his passion. He took classes from master guitar maker and more course from a guitar instructor. He is now a self-employed musician. His music is quite good but I doubt he will ever make the money he would have as an engineer in Silicon Valley. He has always had frugal lifestyle and no family so that worked out fine for him.

Still I suspect life would have far more difficult for him if he started out as followed his passion and started out as guitar player. How would have had the moeny to pay for the lesson much less the cancer treatments, since I am pretty sure most self employment twenty something musician don't have insurance.
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Old 04-21-2012, 09:17 PM   #42
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So I got my CDL license and got a (good) truck driving job. I have one tenth the stress and misery of IT, and two thirds of the pay. I feel retired, and lucky.
One of my shipmates retired after 20 years in the submarine force as a fire-control systems technician, and eventually ended up driving a truck for McLane. He absolutely loves it, and he also enjoys freaking out the repair mechanics by showing them how to fix electrical problems on their trucks.
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Old 04-22-2012, 10:06 AM   #43
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To me the ideal sequence would be:
  • first career for the money and (mostly) satisfying work until FI or close, opening up all the options. Most likely the work will no longer be satisfying toward the end, but it shouldn't be early on,
  • (optional) long sabbatical (while young enough to better enjoy travel & activities),
  • second "encore" career doing something for the enjoyment first, pay second (admittedly hard to find),
  • retire, possibly beginning with reduced hours/part time.
YMMV, and easier said than done undoubtedly.
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Old 04-23-2012, 12:43 PM   #44
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[*]second "encore" career doing something for the enjoyment first, pay second (admittedly hard to find),
I'll vouch that writing a book is much more enjoyment than pay...
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Old 04-23-2012, 01:06 PM   #45
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+2. And sometimes the dissatisfiers stem from within, but certainly NOT always, more often external I suspect.
Sometimes it's both. Here's one set of criteria:
Internal: Would I love the job as much if the surf was up?
External: Would the owner close the office for the day if the surf was up?

So far I'd much rather be surfing and writing (in about that order), and that system only works when I'm the boss...
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Old 04-23-2012, 01:31 PM   #46
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Like one poster said, I do think our beliefs create reality so why not believe the best right? I mean I can CHOOSE to think this is a fantasy or I can CHOOSE to believe that it's possible.
I can choose to believe that my desk has wings and I can fly it to the moon. Doesn't make it so.
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Old 04-23-2012, 02:12 PM   #47
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You can choose to define ER any way you wish, but beware that even the best job can get boring or repetitive or as others have said, a "dissatisfier" can emerge.

So best to save aggressively to become FI so that you have options. That way, you're prepared irrespective of your job satisfaction.
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Old 04-23-2012, 10:03 PM   #48
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I can choose to believe that my desk has wings and I can fly it to the moon. Doesn't make it so.
YOU may not be able to make it so....but he sure can:

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Old 04-24-2012, 12:39 AM   #49
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I think the idea should be do what you love...money will follow. Life is larger than just money, i think the more we focus on money the more stress we'll get. To me, life is like a monopoly game that I really enjoy playing. Money is just a part of the game. Have fun and enjoy the game called Life!
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Old 04-24-2012, 01:54 AM   #50
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I think the idea should be do what you love...money will follow. Life is larger than just money, i think the more we focus on money the more stress we'll get. To me, life is like a monopoly game that I really enjoy playing. Money is just a part of the game. Have fun and enjoy the game called Life!
It's lovely to say "Do what you love and the money will follow" and indeed that is sometimes the case, but not always. Not everyone has the luxury to follow their interests. They may have pressing obligations (such as family) that dictate a more measured approach - and some interests are easier to make money from than others.

IMO, I think it's important to pay the bills and put something aside on a regular basis, as a first priority. If you can work on interests/passions etc in order to attempt to pay the bills that way, that's great (I did, but also did whatever it took to make money when I had to). There's nothing wrong with doing something you like or can tolerate (instead of love) for your work, and doing something you love in your spare time.

There are many ways to "enjoy the game called life". Each to his own.
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Old 04-24-2012, 09:16 AM   #51
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You can choose to define ER any way you wish, but beware that even the best job can get boring or repetitive or as others have said, a "dissatisfier" can emerge.

So best to save aggressively to become FI so that you have options. That way, you're prepared irrespective of your job satisfaction.
This is true. The point is, even if you continue to w*rk, just knowing you *can* walk away if they piss you off can do wonders for your mental health and make the j*b generally more tolerable. This is even more true if your bosses know you can walk away and they don't want you to leave.
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Old 05-07-2012, 05:37 PM   #52
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I definitely think the idea of doing something you love is what you should be doing regardless whether you're retired or not. Why do what you hate right? I'm a big fan of that but couldn't for the life of me figure out what I love to do and how to make money until I read that article op. I got the book too just to be sure and it's so awesome to finally know what freaking target to aim for! I have an idea for 2 businesses that can really take off. I say go for it, don't listen to the "safe" haters and live the life you really want. We need more Steve Jobs in this world
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Old 05-07-2012, 05:43 PM   #53
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I can choose to believe that my desk has wings and I can fly it to the moon. Doesn't make it so.
Didn't people in the 60s believe metal had wings and they could fly it to the moon?
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Old 05-09-2012, 07:53 PM   #54
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This is true. The point is, even if you continue to w*rk, just knowing you *can* walk away if they piss you off can do wonders for your mental health and make the j*b generally more tolerable. This is even more true if your bosses know you can walk away and they don't want you to leave.
Ahhhh! That's an awesome idea. Never thought about that. It's like you're saving "I quit and I'll be worry free" money. Nice
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Old 05-09-2012, 08:29 PM   #55
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This is true. The point is, even if you continue to w*rk, just knowing you *can* walk away if they piss you off can do wonders for your mental health and make the j*b generally more tolerable. This is even more true if your bosses know you can walk away and they don't want you to leave.
OTOH being FI also tends to reduce your tolerance for the BS...
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Old 05-10-2012, 04:37 AM   #56
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There are many ways to "enjoy the game called life". Each to his own.
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Old 05-10-2012, 07:40 AM   #57
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My take? If you are one of the 1%ers (no, not the super-wealthy) -- among the ranks of those who truly love their work and can do it more or less on their own terms -- then yes, making a living by doing "work" you love can feel like retirement.

It's never going to be a reality for "the 99%", though. The overwhelming majority of folks are never going to realistically be in a position to love their work in this way. Those who do, who can do it largely on their own terms and who would keep doing it even if they didn't need ANY income from it, are among the most blessed people I can imagine.
This correctly frames the scenerio IMHO. The 1% is the dream.
Having said that, is it wrong to put down the dreamers?

Dreamers accomplish many great things. Einstein would have sold insurance for a living if he listened to our advice. "God doesn't play dice..."
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