ER and Career Planning

Tommy_Dolitte · 03-13-2005, 10:28 AM

I'm finding that as I develop and fine tune my ER plan that my career goals are becoming more subordinate.

I make a decent salary and expect it to increase within the next couple of years. *At that point, I think I'd be prepared to put my career on autopilot. *

Is this too conservative of an approach or have others had similar thoughts? *

TD

RockMiner · 03-13-2005, 02:53 PM

TD,

How many years till your planned to ER?

An extended period of a drone-like attitude might be hard on the self esteem. In my experience it's better to stay engaged in the process as much as possible..time sems to drag less that way as well.

Hyperborea · 03-13-2005, 04:12 PM

You certainly don't want to be a mindless drone. You've got to be there for 8 or so hours 5 days a week so hopefully keep it as interesting as possible. That's not always possible as there are sometimes conflicting needs. You don't want to swing too much the other way and become the hard driving career person with no time for family, friends, and outside interests. Most of us are here wanting to FIRE (or already did so) because we want to spend more time with those aspects of life so shutting them off for the years leading to FIRE is not a good option. It's a balance and you've got to find the right point for yourself.

Tommy_Dolitte · 03-13-2005, 04:48 PM

Good points.

I plan to be done in about 11 years.

sgeeeee · 03-14-2005, 06:52 PM

I think it's likely a big mistake not to try to drive your career while you're working. *The key to retiring is to LBYM. *The more you are able to reduce your spending relative to your earning, the quicker you get there. *Remember there are two important parts of LBYM: 1) maximizing your means and 2) living frugaly relative to those means. *If you can remain engaged and productive at work, you are more likely to get superior raises and promotions which bring you more quickly to FIRE. *

Tommy_Dolitte · 03-14-2005, 07:01 PM

Don't get me wrong. I am not stating that I would sacrifice quality. In fact, that is "wired" in me to do good work.

I just see a least resistive path that seemingly "fits" MY plan.

Appreciate the perspectives.....

Helen · 03-15-2005, 09:57 AM

Tommy,

You've had some really good responses. The one thing that I might add is with 11 years to go will there be any chance of a lay off ? If so, you will want to be in control of your career path to the point of keeping your skills marketable.

Best of luck,

-helen

03-13-2005, 10:28 AM	#1
Tommy_Dolitte Recycles dryer sheets Join Date: Jul 2004 Posts: 170	ER and Career Planning I'm finding that as I develop and fine tune my ER plan that my career goals are becoming more subordinate. I make a decent salary and expect it to increase within the next couple of years. At that point, I think I'd be prepared to put my career on autopilot. Is this too conservative of an approach or have others had similar thoughts? * TD

03-13-2005, 02:53 PM	#2
RockMiner Recycles dryer sheets Join Date: Oct 2004 Posts: 214	Re: ER and Career Planning TD, How many years till your planned to ER? An extended period of a drone-like attitude might be hard on the self esteem. In my experience it's better to stay engaged in the process as much as possible..time sems to drag less that way as well.

03-13-2005, 04:12 PM	#3
Hyperborea Full time employment: Posting here. Join Date: Sep 2002 Posts: 841	Re: ER and Career Planning You certainly don't want to be a mindless drone. You've got to be there for 8 or so hours 5 days a week so hopefully keep it as interesting as possible. That's not always possible as there are sometimes conflicting needs. You don't want to swing too much the other way and become the hard driving career person with no time for family, friends, and outside interests. Most of us are here wanting to FIRE (or already did so) because we want to spend more time with those aspects of life so shutting them off for the years leading to FIRE is not a good option. It's a balance and you've got to find the right point for yourself. __________________ Hyperborea - A Perpetual Traveller in Training<br />Patriotism is your conviction that this country is superior to all other countries because you were born in it. George Bernard Shaw<br />The world is not black and white. More like black and grey. Graham Greene

03-13-2005, 04:48 PM	#4
Tommy_Dolitte Recycles dryer sheets Join Date: Jul 2004 Posts: 170	Re: ER and Career Planning Good points. I plan to be done in about 11 years.

03-14-2005, 06:52 PM	#5
sgeeeee Thinks s/he gets paid by the post Join Date: Feb 2003 Location: Mesa Posts: 3,588	Re: ER and Career Planning I think it's likely a big mistake not to try to drive your career while you're working. The key to retiring is to LBYM. The more you are able to reduce your spending relative to your earning, the quicker you get there. Remember there are two important parts of LBYM: 1) maximizing your means and 2) living frugaly relative to those means. If you can remain engaged and productive at work, you are more likely to get superior raises and promotions which bring you more quickly to FIRE. *

03-14-2005, 07:01 PM	#6
Tommy_Dolitte Recycles dryer sheets Join Date: Jul 2004 Posts: 170	Re: ER and Career Planning Don't get me wrong. I am not stating that I would sacrifice quality. In fact, that is "wired" in me to do good work. I just see a least resistive path that seemingly "fits" MY plan. Appreciate the perspectives.....

03-15-2005, 09:57 AM	#7
Helen Recycles dryer sheets Join Date: Oct 2004 Posts: 488	Re: ER and Career Planning Tommy, You've had some really good responses. The one thing that I might add is with 11 years to go will there be any chance of a lay off ? If so, you will want to be in control of your career path to the point of keeping your skills marketable. Best of luck, -helen

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