MMM reader < one year, forum poster just over a month. Really enjoying the banter around here. First new post.
I'm considering a career move that will delay FIRE, but could result in a happier journey. I'd like to run it by you wise Mustachians. Some background:
Married, both in early 30s, no kids or plans for kids
US citizens living abroad
Me: Self-employed, project-based work, solid client base and reputation, take-home around $75K
Wife: Grows most all our food on family land (very little cost to us), sells the rest. Loves it; would be doing it if we were ER.
NW: $100K, nearly all cash
Living situation: Rented apartment in countryside.
Over the past three years, I've had the opportunity to do sales, project management and recruiting with what is now my main client. It's a small company, but growing very quickly and doing great work the way it should be done. Feels very good to be associated with this company.
They've made multiple offers for FT work, but can only afford around $60K + stock options at this stage of the game. If I dropped PM work with them and focused solely on the actual work with them and my other clients, I could probably take home closer to $90K, and in fewer hours to boot. Plus, with many clients, the work is varied and stays interesting.
Self-examination on walks with the wife has brought to our attention that I really enjoy meeting people in the industry and connecting them to work with my main client. I enjoy giving feedback as part of PM work. My main client's services are very easy to sell to potential clients because our beliefs align very well and I know we produce a great product.
I like the actual work, but the main reason is because it pays better. Already, I look back at solving a tricky PM problem or finding the ideal person for a project and feel proud. I'll remember some of the best moments forever. As for the actual work, I often can't tell you what I worked on last month. It's in one ear and out the other.
If I commit to FT work with the main client, I'll have a mix of sales, PM, recruiting and the actual work. It will pay significantly less than I could earn doing the main work alone. And if I really want to commit and do the job right, I should move to the very HCOL city (top 10 in the world) where nearly all the work originates. The wife is willing, but it messes up her ER-like situation. We would be tested as entrepreneurs to find solutions for her (rooftop gardening?), which could be a good thing.
So the costs seem high and ER would definitely be delayed, but I could be happier and do more "meaningful" work along the way. And the stock options and eventual ownership of the company could turn into a great windfall in a very disorganized industry where the biggest player only has a <5% share.
As for FI, I noted to the colleague who introduced me to MMM last year that freelancers in this industry like him and me basically behave like we're FI already. We have our pick of work, set our own hours and make a good deal more than we need to survive, especially in the countryside. Long walk on a Thursday afternoon? Sleep late on a cold Monday in January? Three-week vacations? We're there. When I reflect on that, I become wary of FIRE becoming one of those things that owns you, like a recent thread here.
TL/DR:
Pros of staying put: Higher income, earlier FIRE, don't have to shake anything up
Cons: Basically FOMO
Pros of moving to the city: Chance to help build something great, make memorable connections, develop entrepreneurial muscle
Cons: Higher COL, lower income, possibly upsetting what is already a great situation
What would you do?