I quit my job at a top-tier HFT firm to travel the world while working on a pet project. This was an extremely difficult decision since I really enjoyed my job/friends and was setup to do quite well financially. The main reasons I pulled the trigger were:
1) A strong thirst to experience more of the world (and knowing it would be more difficult when I'm older (I was 26)).
2) The desire to run my own show on a project I felt like I was born to do.
I received a 1-year paid non-compete, so the plan was to give the project a shot while traveling, and if it wasn't panning out, to get back into the HFT industry. I was very fortunate to have earned enough to where budget was a non-issue (though I've managed to live quite cheaply) and I had my brother and good friend joining me on my travels and helping out with the project for the first couple months.
I could write a lot, but here are the highlights after spending time all over Europe, USA, Mexico, and South Africa.
The good:
- Seeing more of the world and experiencing new cultures has been an amazing and rewarding experience.
- Working on my passion project has been a blast, and I've thoroughly enjoyed the freedom and flexibility it has allowed.
- I've grown a ton both as a person and as a coder/statistician (it's nice to have the freedom to spend large segments of time learning new skills.)
- Adopting a minimalist lifestyle has been cathartic and rewarding.
The bad:
- It's really hard to balance time between work and travel/leisure. I've opted to spend long periods settled in one place while focusing on work, "living like a local", etc., and then taking pure leisure trips where I hop around to many nearby places.
- Hard to stay connected with friends and family back home.
- Hard to make lasting relationships while traveling, especially when english is not the country's primary language.
- Learning a new language (beyond common phrases) takes a lot of time, and doesn't give much bang for your buck (beyond a challenging mental exercise) when your spending less than 6 months someplace.
My 1-year is almost up and it's still unclear whether the project will pan out, but I'm planning to continue my work/travels as I'm still enjoying the experience, learning a lot, and there's more of the world I want to explore!