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Non financial challenges of FIRE

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  • Non financial challenges of FIRE

    I was wondering if anyone had any resources to
    Some of the non-financial ie emotional challenges of Retiring early.


    More specifically have some concerns now with feeling of lack of purpose and lack of community. As most here I am pretty type A and wanted to prepare. Feel have the financial issues covered but worry about non/financial aspects.

    Im an audio person open to podcasts audiobooks etc. would love some ideas.
    I know some folks might find this a crazy problem but I feel like the knowledge might be useful .

    Thank in advance.

    Doc 29

  • #2
    Mad Fientist has explored this some on his podcast (and presumably his blog but I don't read it).  He is now 3 years into FIRE I believe and has been very open with the non-financial challenges.

    https://www.madfientist.com/tony-interview/

    Comment


    • #3


      I know some folks might find this a crazy problem
      Click to expand...


      I'm not one of them--I agree with you.  (Luckily, I'm introverted and have a long, successful history of self-entertaining....)

      Almost all FIRE blogs pay lip service to this with a few articles at least.

      I just read Tanja Hester's book and she addresses it.

      Don't know about audio options.

      Good luck.

       

      Comment


      • #4




        I was wondering if anyone had any resources to
        Some of the non-financial ie emotional challenges of Retiring early.

        More specifically have some concerns now with feeling of lack of purpose and lack of community. As most here I am pretty type A and wanted to prepare. Feel have the financial issues covered but worry about non/financial aspects.

        Im an audio person open to podcasts audiobooks etc. would love some ideas.
        I know some folks might find this a crazy problem but I feel like the knowledge might be useful .

        Thank in advance.

        Doc 29
        Click to expand...


        Not sure if podcasts will help. Any emotional challenges of retirement (early or otherwise) are likely idiosyncratic.

        I left medicine at 41 due to burnout. I loved being "retired." For about 2 1/2 years I spent my days at the bookstore (mainly reading accounting and financial texts), playing fetch with my dog, visiting with family, and working out.

        I then took a job as a healthcare equity analyst because it fell into my lap and sounded like a fun adventure (new career, new city, etc.). Nevertheless, I still considered myself "retired." My colleagues were interesting, and the pace of work was relaxed relative to private practice cardiology. I didn't take any vacation because I felt like I was on a permanent vacation.

        Eventually I left to get an MBA -- because I was more interested in that than continuing to work as an analyst. After the MBA I opened a solo RIA. That turned out to be much less fun than I imagined (lots of regulatory requirements to meet), but I might still be at it if I didn't fall critically ill. The illness prompted my return to medicine.

        If you're Type A, then you might follow a similar path in "retirement." Others just relax and play at their hobbies.

        People write about difficulties with retirement, but frankly I can't imagine why anyone would have such difficulty -- unless he/she derives his/her self-esteem from position or title. In that case, he/she probably shouldn't retire. Know thyself.

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        • #5


          People write about difficulties with retirement, but frankly I can’t imagine why anyone would have such difficulty — unless he/she derives his/her self-esteem from position or title. In that case, he/she probably shouldn’t retire. Know thyself.
          Click to expand...


          i can easily see why someone would have difficulty. it's called getting bored or boredom..

          Comment


          • #6





            People write about difficulties with retirement, but frankly I can’t imagine why anyone would have such difficulty — unless he/she derives his/her self-esteem from position or title. In that case, he/she probably shouldn’t retire. Know thyself. 
            Click to expand…


            i can easily see why someone would have difficulty. it’s called getting bored or boredom..
            Click to expand...


            Right. I've read others who write the same thing.

            I guess I forgot about that difficulty because I can't relate to it. How can life be boring when one is financially secure and free to do anything? (That's rhetorical. :-))

            Comment


            • #7
              My wife wants to murder me if I spend the afternoon on the couch.  I dream of FIRE but in reality the RE would go over like a lead balloon.

              Comment


              • #8
                Sounds like a great argument for a man-cave/she-shed..with a locking door.

                Comment


                • #9
                  There are blogging resources on this issue. Check out WCI partner Physician on FIRE. One recent blog reposted here on WCI  was called “Retire on Something, Not to Something.”  Here is another view: https://www.physicianonfire.com/searching-for-happiness-when-financially-independent/

                  Comment


                  • #10
                    I’d recommend reading about Ikigai .

                    Being FI you are in a place to ignore the getting paid aspect and just find your passion, that you can become good at, that contributes to society. (For me that’s medicine - so I’m fortunate)

                    Comment


                    • #11
                      It's fairly difficult for many to work the hours and put in the effort and have little to 'show' for it.  A big bank balance makes many happy, but to some it is just a number.

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