Wednesday, April 15, 2020
A Man Who Stopped Working at 34 Says Hes Still Coming to Terms With a Shocking and Uncomfortable Truth
A Man Who Stopped Working at 34 Says He's Still Coming to Terms With a 'Shocking and Uncomfortable' Truth At the age of 34, Brandon realized he had been motivated by money his entire life. And now, he no longer is. The software developer and blogger behind the Mad Fientist â" who doesnât use his last name online for privacy reasons â" had been planning and saving for years to retire early. Living frugally and working in rural Vermont, he managed to save and invest about 70% of his after-tax income, and saved enough to leave his job in spring 2014. However, when his employer offered to make his position remote, he stayed on for a few years more than planned, intermittently traveling with his wife Jill until they relocated full-time to Scotland in May 2015. There, he continued working, blogging, and saving until he retired last summer. In a post on the Mad Fientist, Brandon reflected on his first full year of being retired â" or, more accurately, financially independent, not reliant on a job to pay his bills and therefore able to pursue only the projects and activities heâd like. He wrote that the âbiggest mindset shift that occurred after reaching [financial independence]â was âthe realization that money is no longer motivating.â Hereâs Brandon: âThis is quite a shocking and uncomfortable shift for me. âMoney has motivated my entire adult life until this point. âI worked hard in high school so that I could get into a good college because I wanted to be able to get a job that paid a lot. âI worked hard at my job so that I could get promoted and earn more money. âI started side businesses in hopes of increasing my income. âI chose where to live, where to travel, and what to do, all based on how much I could earn or how much it would cost. âNow, I have enough money (and even more than I expected) so itâs not as important anymore. âThis is a great position to be in but losing your main source of motivation is incredibly disorienting. âSome of the projects I planned to start after leaving my job were business ideas but now that earning more money isnât as appealing, I donât see the point. âIf you stop and think about how many of your decisions and plans are motivated by money, Iâm sure youâll find that most of them are. âIâve had to reevaluate my entire life and all my plans while simultaneously finding a new source of motivation.â Brandon writes that he still hasnât âfully come to grips with this but Iâm slowly getting there.â For instance, he took ads off his site because heâd never liked them, but needed them to cover his siteâs operating costs. But he still struggled with giving up hundreds of dollars a month. âThat struggle showed me that although money is less important to me now, itâs still not meaningless so I still have some work to do,â he wrote. âItâs hard though because Iâm trying to undo decades worth of programming and the new mindset seems so unnatural.â He continued: âBeing content with what you have is great but you still need something to motivate you. Otherwise, what is there to get you out of bed in the morning (especially when that bed is much more comfortable, haha)?â Heâs currently working on nailing down a new source of motivation â" and itâs an ongoing challenge. This story originally appeared on Business Insider.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.