I'm 30 years old and have been effectively retired for 1 year. Before this I was an software engineer / manager for startups and bluechips. I left due to stress issues at work, depression and needing to become a carer for a short while but now don't have a good reason or monetary need to return to work again so I guess I am retired? I had been so defined by work for my entire life that I didn't really know who I was…
Ask HN: People who cashed out early and stopped working: What is your life like?
141–150 of 190 posts
Re: Ask HN: People who cashed out early and stopped working: What is your life like?
#142Earlier quoted context omitted.
Does it not worry you that you can wake up one day and find that your retirement fund has disappeared, or that it's value has plummeted to the point where it is no longer financially feasible to draw from for day-to-day living? At least with money in traditional index fund investments, entire economies have to collapse before my money goes away, and if there's one thing I learned about the stock market, is that it ca…
No it doesn’t worry me. I don’t even need my retirement money right now, I have the money from the medical marijuana business for day to day expenses. Bitcoin follows a four year cycle caused by the halving dates and my money was put in near this cycle’s low. It would have to fall an incredible amount for me to even be close to what I put in. The real gutsy move was putting it in back then. But every sign I knew poin…
Doesn't the entire viability of bitcoin as a currency depend on miners mining?
Re: Ask HN: People who cashed out early and stopped working: What is your life like?
#143Earlier quoted context omitted.
The German school system doesn't take kindly to this, AFAIK. Maybe if we temporarily gave up residency, but as far as I know, the equivalent of CPS would have some questions.
Yes. A friend was homeschooling her kids in the US, and then her husband got an assignment in Germany for about a year. She took the kids and joined her husband in Germany for a few months. The rules were all different, and much stricter in Germany. I remember she was thinking of trying to continue to home school there, and keep her kids inside during school hours, and try to slide under the radar. I don't remember i…
Re: Ask HN: People who cashed out early and stopped working: What is your life like?
#144I quit tech, moved to a rural area, and bought some farmland at the beginning of the year. got a couple different jobs to learn how to do things. first building polebarns and then framing houses. got to journeyman in framing last month and quit. finishing up my first barn and now i am getting ready to build a greenhouse over the winter. been preparing the soil. will be ready for planting next year. technically i didn…
Re: Ask HN: People who cashed out early and stopped working: What is your life like?
#145At this point, I could retire, but I have no idea what to do with the rest of my life. I feel like I have achieved all I could (which is very wrong, but that's how it feels) I'm no longer young and I have family, so simply packing my bags and touring the world is out. Can't take my kids for a 1y world tour either, the school system doesn't allow it. Going on expeditions would saddle my wife with the full child care,…
Re: Ask HN: People who cashed out early and stopped working: What is your life like?
#146Earlier quoted context omitted.
This is mind boggling. Bored? You have all your free time to literally do anything you want. You can explore the outdoors. You can learn ANYTHING you want. You could get to know more of the worlds 6 billion people and their cultures. Volunteer, start a new hobby, spend more time with family and friends, work on personal growth, exercise... you have Stockholm syndrome, snap out of it.
By my observation people who have not experienced extended periods of free time are the ones who have this reaction, and the people that have actually experienced it are the ones saying it's easy to become bored or even depressed. I think it's just one of those things that's hard to imagine until you actually experience it.
Re: Ask HN: People who cashed out early and stopped working: What is your life like?
#147Earlier quoted context omitted.
> text adventures about our neighborhood That sounds fascinating. Are those available online somewhere? I absolutely love text adventures, would love to try it out.
They were really aimed at us (his kids) and featured events like Johnny-Jump-Up (one of our cats) being discovered in the raspberry patch. I don't think any of them are still around, but Dad probably has an archive of floppy disks, so it's possible.
Re: Ask HN: People who cashed out early and stopped working: What is your life like?
#148What worked well for me:
1. Having a supportive partner. I am very lucky that my partner has not murdered me considering how much time we are at home together with her working all day from home and me not working. I know if roles were reversed, I would have a hard time.
2. Having existing hobbies that require time and discipline. Most of my hobbies are pretty cheap: running, reading, gaming, and cooking. The problem is, these all require time and discipline, which I used to not have. I treat my "hobbies" like a job and actually schedule time for each of these on a weekly basis. It's amazing how much time you can fill with stuff you love. It is also amazing how much more discipline you can have in your hobbies when you are not spending all of your "discipline points" on work. An exception for me is travel, which requires money, but not as much as you think if you fly on random weekdays and stay in hotels during off-peak times. Of course this has been limited during COVID.
3. Having some part time technical work. For me, this was taking on some advising and mentoring roles. I get paid for some of them, but mostly I do it because I enjoy it and I feel it keeps me connected enough to the rest of the technical world.
What did not work well:
1. Doing this during COVID. I was completely naive in thinking that we would be going through this for a "few more months" last year. Not being able to see family and friends was made even harder because I cut off my social connections from my work colleagues (I was lucky that I really liked most of my work colleagues). In hindsight, I wish I had thought through this more.
2. Alcohol consumption and other vices. Since I did not have to be up every morning at 7am anymore, I was staying up late and drinking ~5 nights a week. What got me to stop was my supportive partner identifying this for me and also seeing the liquor store bills add up. Thankfully, I was able to shake it, but it took about two months to change my habits.
3. Obsessing over the stock market. Since my assets are 90% tied to equities, I was obsessing daily over the green and red lines. This is somewhat common in a lot of FI/RE threads, but I realized that my very concentrated portfolio was stressing me out. I created a plan to slowly rebalance over the coming years, probably giving up some potential future gains, but the short term sanity gain is important to me.
Unexpected benefits:
1. Rarely waiting in lines. I can goto the bank or grocery store at 10:30am. I can goto a gym at 2pm. I still wonder why/how a lot of places are open during these hours, but I get to benefit from it.
2. Sleeping schedule fixed. While working, I was notorious for staying up late to get something done, sleeping 6-8 hours (which is pretty good), and feeling exhausted when I woke up. On weekends, I would rarely get up before noon because I was so tired. After stopping work, my sleep schedule has moved to a pretty fixed 10pm-6:30am and I no longer am a night owl. Nothing wrong with being a night owl, but I thought I was one for a long time, and turns out, I am not.
3. Exploring local area. With my limited vacation time, whenever we wanted to take time off, we would always hop on a plane and go somewhere. Having time and COVID restrictions had me exploring more locally (running trails, businesses, cafes, libraries). I have a much deeper appreciation for what local governments do to make the places we live more enjoyable.
Overall, I am very happy with the decision. I have no idea if I will end up going back to work or not. I realize that I am in the 0.0000001% of people that is lucky enough to be even thinking like this.
Re: Ask HN: People who cashed out early and stopped working: What is your life like?
#149Earlier quoted context omitted.
By my observation people who have not experienced extended periods of free time are the ones who have this reaction, and the people that have actually experienced it are the ones saying it's easy to become bored or even depressed. I think it's just one of those things that's hard to imagine until you actually experience it.
I disagree. I've worked taken two extended periods off of work (6 months and 18+ months). I was busy most of the time because I have a life outside of work.
Re: Ask HN: People who cashed out early and stopped working: What is your life like?
#150I'm far from retiring, but I always take a break between jobs. It used to be only 2 months, then last time it was 6 months. I'm very happy to be in tech because it allows us for that. I don't decide beforehand how much time I'm taking, instead I just reassess myself "am I still productive? Am I still enjoying doing nothing?" When the answer is no that's when I get back to work. I love DIY so I've used that time to re…
> the weekends are a pretty good picture of how we'd behave at retirement. I think this depends on how one’s current job is affecting them. If you’re near burnout or just work in a very stressful environment, the weekends are more about recovery from the week and might not be a good predictor of future choices when not stressed/burnt out. Basing this comment mostly on personal experience since I’ve had both productiv…