Author Topic: Part-time retirement, or when FU-money is as good as FI?!  (Read 2514 times)

sailor-bob

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Part-time retirement, or when FU-money is as good as FI?!
« on: January 20, 2018, 10:05:00 PM »
Hi Mustachians,

Pete writes about mental freedom in his blog and that's what strikes me most, because one's FI/RE is a thing we can count-down to, where-as freedom, as Buddha said, can come suddenly in a single moment of enlightenment.

For example, when my job sucks and makes my tired, I start thinking of how long I'll need to pay the mortgage off and then be free. (I have an investment stash already, because mortgage interest is so low.)

I have always been a frugal person and stashed like crazy even though I spend a few years of my life not actually working and so when I discovered the MMM blog, it was nothing new, just reminded me that I'll FI/RE in a few years and then the bad life will end, but then something entirely different happened to my brain as I went on reading on the joys of Mustachian life. Like doing work that you like and not caring for being paid or not. Like having the freedom to choose or decline any job.

If I am now unhappy with my full-time job now (which isn't that bad, actually, just my free-time is too little to allow for even half of my hobbies to get some time) then I am not training my happiness muscle at the moment then why should I be any happier then, when at over 40 I suddenly give up my job, have to build a social network from scratch (because now no time for friends), find some occupation for myself to not get mad (humans need _something_ to do, after all). That all just sounded really stupid.

And then the enlightening thought: with all my stashed fortune, I actually do not need to work really urgently now. I do not need to fear my boss, because I can quit any time, take a long break, then another job. Just this thought makes life so much more relaxed!

So with this new mental freedom, I went over my options again and decided to go part-time with a 4-day week. This should leave me enough time to get housework done every weekend at my own (slow) speed (including managing my immense fortune which includes an unused garage that I want to rent out and haven't had the time and energy to do it yet), relax a bit on my bike in the country side, and then use the third day of the weekend to work on my hobby projects.

Like probably many others I had often thought that part-time work is not well seen in the modern office-world, where meetings are on almost every day of the week and communication between people happens all the time in-between meetings. But my current job already has those open Fridays when people are working from home, so that seems like the perfect day to not work at all and not be missed or be missing any big news. (Using electronic chatware instead of yelling across the office also makes it easier to catch up on missed news...)

So who else is doing part-time retirement and slowly shifting their work hours from 40 to nothing while concurrently taking up more hobbies, more friendships, and more side projects? Isn't this a thing that should have a proper cool sounding name!? Part-time retirement, voluntary paid work, pretending to be a normal salaried employee, but effectively being there on one's own terms...

so long and as the Vulcans say: "Live long and retire early"


MrMoneyMullet

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Re: Part-time retirement, or when FU-money is as good as FI?!
« Reply #2 on: January 21, 2018, 10:10:56 AM »
I'm on a similar track, although not by downshifting at my current job (at least, that's not the plan).

Quitting my full time job to take a 4-mo sabbatical, then working on my own business projects and/or doing independent consulting. Will still be in the US Army Reserve which pays $12k a year plus healthcare benefits. The current job I am in also offers the option to work up to roughly half time which would pay probably about $36k a year as a fallback option if things get tight.


Mika M

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Re: Part-time retirement, or when FU-money is as good as FI?!
« Reply #4 on: February 12, 2018, 02:47:08 PM »
Interesting...  that is something that's a little intimidating about early retirement - would I feel lost and bored too fast? At the moment I don't have any real plans for eventual early retirement other than enjoy all the extra time to get in more exercise and tinker with my hobbies (art n music), occasionally biking lazily over to the library.

I could see DH getting into some investment trading.

I think I'd take a sabbatical from any real work or looking for any real work for a year... or at least six months. My plan is to see where the wind takes me so to speak.

There is a risk in that; some people get so bored in their retirement they return to full time work. Risk I'm willing to take!

Right now I wouldn't call myself FI (unless I moved to a very low COL spot which I'm not keen on) but do have a big pile of FU money... Does make work less of a burden, although not entirely because the longer I'm just out of reach of FI, I just get more annoyed that I'm stuck here at my desk!
« Last Edit: February 12, 2018, 02:51:03 PM by Mika M »