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Re: Anybody like their job?
Old 01-03-2006, 12:47 PM   #21
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Re: Anybody like their job?

I spent around 8 hours during my time off last week setting up my index fund portfolio allocations. It is complicated because I have many different accounts at a few different places with different funds at each place and varying tax treatment for some accounts. Now that it is all said and done, there's not much left to do except change the monthly auto-invest option from one fund to another based on my already determined allocation plan. Next December, I may rebalance and tweak the allocation percentages, but nothing time consuming will be required.

I do check my portfolio returns almost every day, but that is for pleasure, not to actually guide my investing. Like checking sports scores.
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Re: Anybody like their job?
Old 01-03-2006, 12:50 PM   #22
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Re: Anybody like their job?

Quote:
Originally Posted by justin
I spent around 8 hours during my time off last week setting up my index fund portfolio allocations.* It is complicated because I have many different accounts at a few different places with different funds at each place and varying tax treatment for some accounts.* Now that it is all said and done, there's not much left to do except change the monthly auto-invest option from one fund to another based on my already determined allocation plan.* Next December, I may rebalance and tweak the allocation percentages, but nothing time consuming will be required.*
Funny. I manage my MIL's IRA in a similar fashion. I set it up a year and a half or so ago, and then checked up at the end of 2004 and 2005. The check-up/rebalance for 2005 took about 20 minutes and consisted of calculating a few percentages and making one trade. Didn't seem to hurt the 8.4% return the account generated for the year.
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Re: Anybody like their job?
Old 01-03-2006, 02:19 PM   #23
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Re: Anybody like their job?


I did love my job. The peers were very professional in their work and did not interfere in other peoples business.

My decision to retire was based on my own life goals. I made the decision to retire and when the day came I was gone. No regrets.

I retired at age 55. DW witnessed the good life I was enjoying and decided to retire too. The only work we do now is for us.

Life is good.
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Re: Anybody like their job?
Old 01-03-2006, 02:20 PM   #24
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Re: Anybody like their job?

Set
Now that I'm working part time, work is actually enjoyable. *The one reason that I would go full time quit/retire is that it would allow me the 2-3 months at a time that is needed to travel to a place and really get a sense of it, as opposed to just visiting. *Can't do that now.
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Re: Anybody like their job?
Old 01-03-2006, 02:36 PM   #25
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Re: Anybody like their job?

After doing almost the same thing day in and day out for 32 years I will be more than happy to hang it all up and find a different path to take for the rest of my life. Dealing with employee issues, managment issue, company issues and regulations takes its toll after that many years. I have had several people ask me about going solo but I am toasty in this business; burned around the edges! I look forward to the day when I can dump all my work files and walk out the door to a different life.

While the current job is not all that bad currently, I know it can suck in a hurry in this business so I continue as long as I can while I want for DW to get her pension in, which means less than two years to go. I don't hate the job, I just am not excited about it. It is mundane and boring most of the day. I have picked and trained good people so they do the bulk of the real work as it should be. So I do my job knowing that there is an end in sight.
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Re: Anybody like their job?
Old 01-03-2006, 02:59 PM   #26
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Re: Anybody like their job?

In order to really really really truly know if you LIKE OR DISLIKE your job. First you must be FINCANCIALLY INDEPEDENT.

yes, i really believe that. Just imagine if you have 3-4 million dollars in the bank. Are you still coming to work and convicing everyone that you love your job According to the one statistic i read "... most of the people coming back to work after retirement are caused by financial issue..." NOT because they love their job.

there you have it. GOT TO BE FI FIRST

enuff2eat
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Re: Anybody like their job?
Old 01-03-2006, 03:15 PM   #27
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Re: Anybody like their job?

I enjoyed my job with NASA but I am basically a low energy person with some chronic health issues. I found that I did not have the time and energy while working to do the activities that I both enjoy (swimming and walking) and that I need to do to maintain my health. So, I retired at age 55 and went back as a part time contractor on the same NASA project for two more years. I have been fully retired for a year and a half. I swim three or four days a week now and walk 3-4 miles the other days. If I had more energy and better health I might still be working part time.

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Re: Anybody like their job?
Old 01-03-2006, 03:18 PM   #28
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Re: Anybody like their job?

Quote:
Originally Posted by Enuff2Eat
In order to really really really truly know if you LIKE OR DISLIKE your job.* First you must be FINCANCIALLY INDEPEDENT.

yes, i really believe that. Just imagine if you have 3-4 million dollars in the bank.* Are you still coming to work and convicing everyone that you love your job According to the one statistic i read "... most of the people coming back to work after retirement are caused by financial issue..." NOT because they love their job.

there you have it. GOT TO BE FI FIRST

enuff2eat
Enuff2eat has a valid point. Most people start their careers doing something they either "believe in" or believe they enjoy. After a while, most people do a job just for the paycheck.
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Re: Anybody like their job?
Old 01-03-2006, 03:21 PM   #29
 
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Re: Anybody like their job?

grumpy, if you had more energy sounds like you would try to climb Everest?

I liked my job, i got tired of the International travelling, tired of dealing with HR who seemd to damn anxious to placate whiners instead of firing them, tired of dealing with individuals trying to advance their own personal agenda, should have stayed on the road, sales I loved.
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Re: Anybody like their job?
Old 01-03-2006, 03:36 PM   #30
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Re: Anybody like their job?

Like Grumpy did, I like working for NASA. Each year there is a poll in the Federal Govt about the enjoyment level of each agencies employees. NASA has been rated #1 as long as this poll has been run. The other highly rated agencies are also science agencies like NIH, NOAA and the like. And I think it is because the whole atmosphere is that you are doing "good" work and are working with people who want to be there. I have had 5 jobs in the Fed govt and NASA is the best because of what we do and the quality of the workforce. Most everyone could have a better paying job elswhere if they were only interested in money.
I understand why people would not like bottom feeder jobs like McDs or high power professionals who are making big money but burning out under the pressure. Well, there are jobs where people actually like what they do. I am fortunate to have found one. Now, if I won $1M in the lottery I suppose I would retire but I would still follow NASA and developments in science. In fact I could probably get to more launches and landing---hey, maybe a reason to retire?
My new manager seems to be OK, (I really liked my last manager,(ex astronaut, Phd in astronomy ect) and I would not leave as long as he was there.) I expect to work on a bit until my younger son starts college.
What I think is a valid adendum to the subject of this thread is not just when do you leave a job you don't like but when do you leave a job you do like? There will come a time to leave and, if I am lucky, it will be because I am "done" not because I don't like the work.
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Re: Anybody like their job?
Old 01-03-2006, 03:52 PM   #31
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Re: Anybody like their job?

setab, I pretty much liked my job. I worked for someone else, then started a small firm in the same field. But when you see the possibility of FI coming around the corner, your perspective changes. My partners are still at it; though I'm not privy to their finances, I know based on estimates of what people are able to live on here, that their continuing to work is not solely about keeping their heads above water, it's about accumulating toys.

Many people will never reach FI, but for those who have it within their reach and don't take it... ??

Working for yourself has its own set of rewards, but you do trade in one boss for twenty. It's a matter of the whole mindset.. you are trading your time and life energy exactly for what?

Others have mentioned the book "Your Money or Your Life", and while it isn't the be-all and end-all of FI books, I think it is required reading for anyone considering RE. It will really get you thinking about every transaction in your life as a quid pro quo.. a trade-off.. The fact that you are even reading this board probably means that the trade-offs are starting to get out of balance with the direction in which you think your life should be going.

Quote:
all the time some of you spend managing your assets and portfolios. *To me, that seems like "work."
As far as time spent managing portfolios and what-not, I dare to say that it gets easier as time goes on. If you are serious about growing your nest egg, it takes more time and energy to decide/commit how to distribute $10k in savings appropriately than it does $10 million. The people here, as someone else noted, who really delve into the nitty-gritty of it often do so for pleasure -- sure, for the most part because they've got a lot of time and money and brain-power to spare that they would otherwise have been deploying on behalf of someone else rather than themselves. I don't think anyone here devotes 40 hours a week to it, or 20.. or 10..

And even if they did? It's a whole other feeling to be in the driver's seat rather than the passenger's seat. *

If you like your job alright, there's nobody telling you you should quit before you're ready. You seem to be focusing on the people who are the already-FIREd-wheeler-dealers and not on the numerous ants who also post here and keep socking it away with an eye towards RE.. *Believe me, the working world takes on a whole 'nother aspect when you can look a boss/client/subordinate in the eye while thinking, "I'm here because I want to be here; you are here because you (feel you) have to be here."

It depends on how much you like your job, how much it defines who you are, how painless it is on any number of levels (commuting, travel, family leave, health, management support or lack thereof). It's not cut-and-dried.

If you can develop the FI mentality, work towards RE AND keep a job you like, you have a win-win situation, no?* Then you have the power to call the shots.
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Re: Anybody like their job?
Old 01-03-2006, 04:06 PM   #32
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Re: Anybody like their job?

Quote:
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* If I had more energy and better health I might still* be working part time.

* Grumpy
Me too. Sounds like we are in similar situations.

JG
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Re: Anybody like their job?
Old 01-03-2006, 05:32 PM   #33
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Re: Anybody like their job?

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Originally Posted by davew894
I don't know if I really like my job or not. I know I don't like people telling me what to do, which is why I want to FIRE ASAP.
Dave,

Take a look at an earlier posting: http://early-retirement.org/forums/i...76076#msg76076

You are not alone.
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Re: Anybody like their job?
Old 01-03-2006, 05:48 PM   #34
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Re: Anybody like their job?

I enjoyed my job for about 15yrs, as the atmosphere was fairly low-key, being in a R&D environment. Since then, however, the atmosphere, and morale, have deteriorated significantly...
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Re: Anybody like their job?
Old 01-04-2006, 10:22 AM   #35
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Re: Anybody like their job?

I love my job at the moment because I'm learning new technology at warp speed.* It's challenging, invigorating and exciting.* However, this will soon pass as the honeymoon phase turns into daily grind. :P Check back in 6 months and I'll be back into my job search mode again.
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Re: Anybody like their job?
Old 01-04-2006, 11:17 AM   #36
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Re: Anybody like their job?

Quote:
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-Incontinence from sitting all day
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And you aren't 40 yet? No wonder you're so pissed off all the time.
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Re: Anybody like their job?
Old 01-04-2006, 11:21 AM   #37
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Re: Anybody like their job?

Quote:
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-Stares of co-workers when leaving at 5:15.
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Dave, Dave, Dave,

Do I detect an attitude problem?

Have you seen Office Space? Sounds like your place. If you haven't seen it then rent it and look at the part where the restaurant manager says to the Jenniffer Aniston character "What do you think of people who only do the minimum?" And she has a fairly good response.


I hope that part was funny. Now one other comment, and I hope this can come accross well. For me at least my family and spending time with them really is my priority. I know we all need to work but at least for me if I were away from my family 60 to 70 hours a week regularly I would focus on a way to change that. Our society only pays lip service to fatherhood. Nords posts a lot of interesting things but to me the most meaningful thing he once said was something like his full time job is being a good husband & father.
My dad was like that, I am trying to be like that and please come join the club.
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Re: Anybody like their job?
Old 01-04-2006, 11:28 AM   #38
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Re: Anybody like their job?

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Originally Posted by WhodaThunkit
Dave -- I would like to make a few suggestions, and don't intend to be unkind.

This is the worst time of year at work for many people, especially if you had some real time off for the holidays. *Things will probably get a little better. *Things get a lot better at work after you reach financial independence.

Speaking of financial independence -- Up until very recently, people around the world universally lived in terrible poverty. *My guess is that you're free from that. * Probably you have good health and some friends, too. *My grandfather contracted ALS and died in 1932, one of the worst years of the depression, leaving my mother's family destitute. *Then came Hitler and WWII. *Bellieve me, we live better than they did. *It helps a lot to be thankful for your blessings.
I suffer this time of year because of undiagnosed SAD, which seems to get worse as I get older. When I am really in the dumps, I like to remind myself that I am only two generations from having squirrel and potatoes for dinner ('cause they couldn't afford to eat the meat they raised on the farm).
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Re: Anybody like their job?
Old 01-04-2006, 12:06 PM   #39
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Re: Anybody like their job?

Dave,

You are experiencing the "pissed off at the world" feelings I get sometimes too. You are spinning your wheels doing your job, getting by, saving money. Same old routine.

Take a break. Stop and smell the roses. Walk through the park. Take a deep breath of fresh air. Relax.

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Re: Anybody like their job?
Old 01-04-2006, 12:18 PM   #40
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Re: Anybody like their job?

Setab,

Your question implies that people who quit their job in order to retire should only do so because they hate their career. This is far from the truth. I turn 55 this year and plan to retire in June. *I happen to love my job. *

I realize, however, that I only have so many good healthy years left in my life. *My good health can end in just one heartbeat. There is no way to predict how long we'll be able to enjoy quality in our lives, let alone be alive period.

Although, I find work very rewarding and enjoyable, I also have numerous other interests and activites that I enjoy, such as traveling, reading, camping, hiking, jogging, finance, gardening, and do-it-yourself projects, to name a few.

Unfortunately, having a job precludes my participation in these interests and activites on a full time basis. *If I continue working, there'll be many unfulfilled passions and missed opportunities. *Time can never be replaced. My remaining years are very precious and will not be exchanged for money because society says we should work well into old age.

Retire Soon

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