Earlier quoted context omitted.
There's definitely an argument for making hay while the sun shines. But retiring early exposes you more to future bear markets since the value/returns of your investment portfolio will go down. Being employed seems a lot more resilient in that case.
Being employed or running a business (or being in school, in a sports team etc.) also means you're part of the general actively synchronised life. Might sound fuzzy but it boils down to being in touch with society around you. Then again, there is plenty of society all over the world where that means working strange hours, strange jobs, or not at all.
Ask HN: I feel trapped in my job and city
161–170 of 265 posts
Re: Ask HN: I feel trapped in my job and city
#162That said, as a fellow Londoner who is about to leave for sunnier places, I think you can find a better balance in terms of location and compensation.
If you can't work remote for less in your field, learn some coding and spend a couple of years in some medium sized company / startup in London. Not Google, find a place you enjoy working for: most likely you won't have to grind leetcode to pass an interview, you'll get more flexibility, less stress - and you'll get way less money. I've seen (capable and very smart) people switch jobs, do a bootcamp and earn 80k£ per year 2 years after the bootcamp. Likewise, I've seen people with 15 years experience making 40k£ (and being less effective than the 80k£ person).
Once you have some experience in London as a developer you should be able to land a fully remote gig and then you can work from wherever you prefer.
In terms of motivation, I think I will never be satisfied working for someone else, hence why I decided to run my own business (after both contracting and full time positions). You get to solve a wider array of problems (from accounting, to coding, to whatever is needed), there is no politics, promotions or performance involved. If you do a good job and solve problems for someone else, you get more money, else, you starve. Spend some time thinking if entrepreneurship is something for you. In case it is, set yourself small goals. Start by thinking where you want to live, how much money would you need, etc. Maybe use your existing savings from the high paid job to purchase a property (surely cheaper than London) and have lower expenses (bills, food, entertainment).
In regards to your partner - life is all about choices and it's too short to waste. Some people care a lot about their career. Some people see it as a rat race.
If you strongly care about living somewhere else and your partner can't find a compromise, maybe it wasn't destiny. I lost a 5 years old relationship because our goals weren't compatible, with me dreaming of running my own business from the beach and her dreaming a safe, high paying government job in her native country.
Best of luck!
Re: Ask HN: I feel trapped in my job and city
#163A lot of your post centers around your living situation and being unable to buy a house in London even though you're well paid. You don't like London and hate it -- don't force yourself to live in it. I did that, and I got really really sick. The stress basically broke me.
Like you I was scared -- scared that I'm unemployable and tied into my job, scared that I have no skillset, scared that I'm not good enough. I ended up being pushed, and that was not great. In the end I realized all the things I thought would mean the end of my life didn't mean anything at all:
- Not living in London didn't matter - Not owning a house in London didn't matter - Not making my parents didn't matter - Not being with my ex-girlfriend didn't matter.
What did matter was being happy and doing things that made me happy. I spent a year sitting at home learning about digital design because it seemed interesting. Today, I'm in a research commercial research position, doing well and happier than I've ever been.
The (long winded) point I'm making is -- sometimes deep down (or not so deep down) we KNOW something isn't for us but we plug away anyway. Once you know, you know. Start making steps to change, do not continue to fight it. If you have to fight every day it's not for you.
Don't be like me and break into two. Just start taking steps to fix it. Don't be afraid if the steps mean some uncertainty.
Having said that, here are some practical ideas: - Have you thought about a research position? Take a look at the Alan Turing institute, they usually have interesting positions available. - Take a look at DAMTP/Stats @ Cambridge. They are really getting into ML/Stats for machine learning. Imperial too is ramping up their research teams in that area. - Have you thought about applying to one of the bigger, older insurance companies? Everything I'm hearing leads me to believe they want to ramp up the ML/technical side of the underwriting and claims process but don't have the technology skills to pursue it.
If any of these seem interesting, ping me. I can make intros.
Re: Ask HN: I feel trapped in my job and city
#164Whilst its not a quick fix (finding the perfect place), if you can't leave london, my perspective would be to try and find an employer/job with people you enjoy being around. If a job is inevitable, spent 50 hours a week amongst people you want to be around.
Money comes and goes. Sure housing is always good to have N-10 years ago.
Re: Ask HN: I feel trapped in my job and city
#165Re: Ask HN: I feel trapped in my job and city
#166Earlier quoted context omitted.
I think you give yourself too little credit. You graduated with a PhD in CS, you must be well above average.
Well, I certainly have the ability to pass hard interviews with a lot of preparation, but there comes a point where you wonder if it's at all worth the effort.
Then the past few months I've had several other big tech companies reach out and told them I'm not going to interview this summer.
I recently had a former Microsoft Program Manager tell me that "the more experienced the person being interviewed the worse they are at interviews because that haven't used that part the brain in 20 years".
The interviews are such a pain now make me kind of wish I was doing something other than Computer Science.
Re: Ask HN: I feel trapped in my job and city
#167Earlier quoted context omitted.
There's definitely an argument for making hay while the sun shines. But retiring early exposes you more to future bear markets since the value/returns of your investment portfolio will go down. Being employed seems a lot more resilient in that case.
> There's definitely an argument for making hay while the sun shines. Forgot that phrase, but that's exactly what I'm getting at. Also, make that hay in the morning. Because of compounding interest/returns, dollars (or pounds) that you save in your 20s are far, FAR more valuable than dollars you save in your 30s which are more valuable than dollars you save in your 40s. The advice you sometimes hear to go traveling a…
Re: Ask HN: I feel trapped in my job and city
#168I just bought a 10-acre farm in Ireland. I paid cash. Not all of my cash. There's cash left to buy a pickup, animals, spruce up the house, startup capital for some farm enterprises, etc. That's what my sometimes soul-killing job in Finance-Tech has done for me. That's what yours can do for you: provide you the means to do something else. Figure out what it is, and do it.
Re: Ask HN: I feel trapped in my job and city
#169Earlier quoted context omitted.
Not to sound harsh - but its a trade off...You seem to want the money and the job satisfaction/community/work-life balance... Its incredibly hard to get it all. Pick the ones that are most important to you, and let the others sort themselves out. Sounds like you're only going to make another year or two at you're current job before you're totally fried. So perhaps start looking for new stuff now, and start socking aw…
bad form replying to myself, but this just occurred to me.. Given you sound fairly young, what about powering thru say 3 years with your partner to build a nest egg. Then both taking (perhaps lower paying) jobs that you enjoy, giving your nest egg time to grow - that way, you'd have the satisfaction of doing something you enjoy, and the option to retire whenever...
Re: Ask HN: I feel trapped in my job and city
#170A lot of people have a weird emotional fixation with "owning" a home when it really shouldn't matter at all. You're in finance, so you should understand opportunity cost and you should very easily be able to model out the full financial burden and projected ROI of home ownership. Once you get honest about the work, hidden costs, loss of flexibility, and opportunity cost involved in being a homeowner, it'll start to s…