Author Topic: What Motivates Your Seeking FI?  (Read 22098 times)

mustachecat

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Re: What Motivates Your Seeking FI?
« Reply #50 on: July 26, 2012, 08:33:25 AM »
My fiance is quite a bit older than me. If I retire at 65, there's a good chance he might have already died. Writing that out makes me go a bit numb.

Anyway. If he weren't, I'd like to think we'd be on the same path anyway, so that we could spend more time with each other, read, garden, travel, make elaborate meals, eat elaborate meals, learn new things, etc. So it's all that, plus there is probably no other way for us to enjoy FI together except by accelerating it.

grantmeaname

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Re: What Motivates Your Seeking FI?
« Reply #51 on: July 26, 2012, 08:39:27 AM »
I want more leisure time than I know what to do with. What could be better?

James81

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Re: What Motivates Your Seeking FI?
« Reply #52 on: July 26, 2012, 09:10:45 AM »
To me the definition of retirement is to not have to work at a job I love for as long as I choose and to not have to change who I am out of fear of not having my needs met.

In other words, I would like FI because I want the ability and the power to choose if and when and hwere I work and to have the choice to do the things I want to do before I die.

I've already found a career that inspires me and that I absolutely love. But as much as I love it, I still don't want to be chainned to it anymore than I did when I was working the career I hated.

carolinakaren

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Re: What Motivates Your Seeking FI?
« Reply #53 on: July 26, 2012, 12:44:34 PM »
I really liked Sol's motivation!  Hehehe.  Trust me, they are gonna be pissed.  I dropped my hours down to 30 per week in my mid-thirties.  At the time I was the youngest person in the department, and they still haven't gotten over it!  Can't imagine the death-stares that early retirement would bring....

Anyway, my motivation is that I just don't care for my job.  It pays really well, but unfortunately I haven't been doing it long enough (or living like a mustachian long enough) to quit yet.  I definitely wouldn't think twice about turning my back on it if I were FI.

Richard3

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Re: What Motivates Your Seeking FI?
« Reply #54 on: September 11, 2012, 05:18:24 PM »
In somewhere under seventy more years (barring some good luck and faster than expected improvements in medical care) I am going to die.

Before that happens I want to experience as much as I can and I want to make the world a better place for other people. Having money helps with both of those (especially having enough money I can stop selling my time for money).

That and babes - chicks dig a fat wallet yo! :)

SilverForge

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Re: What Motivates Your Seeking FI?
« Reply #55 on: September 11, 2012, 06:52:46 PM »
Motivation is the lens- everyone's eye sees something different- whatever they call their "Motivation"... It can be blatantly labeled as ANYTHING... but under the lens, the statements, the surface chatter and masks- the barest spartan explanation is FEAR. Fear of NOT having, or loosing something- fear of not providing, or not being able to provide (denied opportunity)...

There are only 2 tools your mind uses- Force and Reason- for ANY situation- the response to those tools can be labeled as the simplistic FEAR and REWARD... You either fear the outcome- and strive to avoid it... or you look forward to the reward and strive to make it happen.

Force and Reason are simple arguments to make internally- you can FORCE yourself (or others) to do tasks you begrudginly dont want to do- or you can use the power of REASON to accept the need for it (or by explaining it to others to allow them to use their power of reason).

Personally I am not looking to name my motivation anything- I see it for what it is- FEAR. I have a baby on the way- a wife who is trying to complete a degree, and I do not want to fail her/us/our future by failing to use my reason to see the need... I dont fear failure- I am VERY familiar with it... Time to break the cycle- not continue living in it.

SUMMARY: My motivation is FEAR

arebelspy

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Re: What Motivates Your Seeking FI?
« Reply #56 on: September 11, 2012, 07:08:27 PM »
Silver: Sorry you have to live with that fear.

But it is not the case that all of us are driven by that.
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

tooqk4u22

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Re: What Motivates Your Seeking FI?
« Reply #57 on: September 12, 2012, 07:24:47 AM »
I would argue that if FEAR is your primary motivation then you will never FI because you will be too afraid of it running out/the world collapsing/wanting more. 

Fear is definitely factor in all our decisions but I always think about it as a governor and not a motivator.

elindbe2

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Re: What Motivates Your Seeking FI?
« Reply #58 on: September 12, 2012, 08:04:05 AM »
I find the idea that I should have to work for someone else 40 hours per week silly and demeaning.   We're living in an age of abundance, and I am choosing to use the small societal power granted to me to embody that age of abundance.  I'm lucky to be in the position I'm in, but I'm also hoping to--with all of you--create a beaten path and eventually a road for others to follow on.

Melissa

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Re: What Motivates Your Seeking FI?
« Reply #59 on: September 12, 2012, 09:48:53 AM »
I have had the benefit of being a stay at home mom for the last 13 years so I guess that i am already 'retired'

My husband no longer loves his job and we are working towards FI so that we can work together on projects, or maybe start a business together.  We have both come to the realization that our entire family has more material possessions than we need and we don't want anything else.

Thanks to my parents we have alone time this weekend and we plan on sitting down and really mapping this out.  My tag line is "a goal without a plan is just a wish" and we  are definately planning this weekend.

p.s. I know things are getting bad when my husband is just hoping to get severed from his company

tooqk4u22

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Re: What Motivates Your Seeking FI?
« Reply #60 on: September 12, 2012, 03:03:09 PM »
I have had the benefit of being a stay at home mom for the last 13 years so I guess that i am already 'retired'

My husband no longer loves his job and we are working towards FI so that we can work together on projects, or maybe start a business together.  We have both come to the realization that our entire family has more material possessions than we need and we don't want anything else.

Thanks to my parents we have alone time this weekend and we plan on sitting down and really mapping this out.  My tag line is "a goal without a plan is just a wish" and we  are definately planning this weekend.

p.s. I know things are getting bad when my husband is just hoping to get severed from his company

Agree to the rules upfront that it is all on the table and emotional perspectives need to be kept in check - I assure you that both you will have something that the other side thinks should go but the other doesn't want it to.  Need to recognizes this when it comes up. 

As far as husbands job, sounds like timing for a plan is good.  Once I was in that kind of mental place about my job and without realizing it it started snowballing - first I didn't like it, then I resented it, then I found myself underpeforming, then I lost all desire to do the job or even find another one and also began to hate the industry I am in.  Fortunately I didn't lose my job, quit without a plan, or suffer any consequences professionally or financially (adding to MMM post if you kick the ass of the other 95% not only does that put you in the top 5% but gives you cushion to falling to kicking the ass of the other 80% and still being viewed well).

At some point I woke up and realized what was happening and found a new gig in a month.  All worked out fine but wish I would have done it sooner.


manchops

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Re: What Motivates Your Seeking FI?
« Reply #61 on: September 12, 2012, 06:52:27 PM »
I dig my job as a programmer. I plan to continue doing it post FI, though I think I'll get involved with even earlier stage startups as I could afford the pay cut.

MB

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Re: What Motivates Your Seeking FI?
« Reply #62 on: September 12, 2012, 08:55:24 PM »
I think for me it's because I don't want to live an ordinary life.  I want to be a legend.  Haha, sounds corny, but in my first job one of my coworker's brothers retired at age 35 and it was talked about with such awe...  I don't dislike my job, but I fantasize about the day, sometime hopefully in my early or mid-30s, when I will walk into my supervisor's office and turn in my two week's notice.  And when he asks me if I've accepted another job or whatever I'll be able to say "Oh, no, my husband and I are retiring."

I also want to stay at home with my future kids.  And not worry about money.  And have the freedom to pursue another possibly much lower paying career.  I could go on...

SilverForge

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Re: What Motivates Your Seeking FI?
« Reply #63 on: September 12, 2012, 09:03:42 PM »
Arebel and others- Just a bit of Spartan thinking- kind of like Maslow's hierarchy... Im not quakin in my boots- but just calling a spade a spade- the basic stripped down Crayola and Lego block ideas- breaking it all down Big-Bird style to the barest of primal/animal effort to not just survive- but thrive.

I enjoy a good relationship with failure because I am not afraid to try many things and learn- some things havent panned out- true... but some have...  Please remember the last line of the entry- "Time to break the cycle- not continue living in it."

The biggest flaw in many folks arena and sphere of thinking I am exposed to is they are locked into accepting the failures... I do fear that- hell- I lived with it- accepting my "rut" and got complacent in the life-cycle... I fear going back to it... So FEAR is the motivator...

Many people cannot succeed because when it gets tough- they go back to what they know... the failure, the past habits... THAT- I fear... fear is healthy in this regard... Think of a precious stone- cuts from the rough and polish provide facets- to let the light in and reflect out... but a stone has to have a series of facets to be transformed... not just one...That takes work...

Financial Independance is only one facet of the gem I hold- Financial, Physical, Psychological, Motivational, Internal and intimate... there are many- but in the end- it may sound doom and gloom- but its just a gut-check truth without anything flowery, no masks.
« Last Edit: September 12, 2012, 09:09:44 PM by SilverForge »

arebelspy

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Re: What Motivates Your Seeking FI?
« Reply #64 on: September 12, 2012, 09:19:56 PM »
Hey, if it works for you, cool.
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

DocCyane

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Re: What Motivates Your Seeking FI?
« Reply #65 on: September 14, 2012, 07:10:04 AM »
FI for me would mean I could stop spending the majority of my time at work, doing projects I'm not excited by to make other people rich.

I've just never been able to get over the earning hump where I feel I'm being compensated well. So instead I begrudge the time lost to sitting in a windowless office in front of a computer.

And sadly, I know I have it good. A private office, a caring boss, a stable company. And yet, I have a countdown on my iPad for when I will leave so I can actually live my life instead of endure it.

Gosh, that sounded dramatic.

MsGuided

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Re: What Motivates Your Seeking FI?
« Reply #66 on: September 14, 2012, 08:49:02 AM »
I also want to say that I think leisure is undervalued.  Nothing wrong with spending time sleeping, watching movies, playing video games, or going on 2 week long bike rides if you have the money to support that lifestyle and thats what you want to do.  Nothing wrong with spending your time reading books and cooking or just staring off into space.  (Of course there is also nothing wrong with starting your own company to send rockets into outer space or whatever makes your pants roll up and down.)

I agree.

A quote I like along these lines:
"The time you enjoy wasting is not wasted time." - Bertrand Russell

I love that quote from Bertrand Russell (never thought I'd say that about him!).  My personality habors mass amounts of guilt about some of the most ridiculous things.  My carefree husband, who is very supportive of my intense reading habits, looks at me in confusion when I feel guilty about reading b/c it's not "productive."  He doesn't really enjoy reading, but he wouldn't criticize me for it.  I'll think of this quote next time I do something I love but doesn't seem to produce anything tangible.

Dr. Doom

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Re: What Motivates Your Seeking FI?
« Reply #67 on: September 15, 2012, 04:01:08 PM »

I grew up poor.  Pretty close to poverty-level poor.  I received free lunches in public school and that sort of thing.   Pure suck.  People in this country treat you like you have a communicable disease when you are poor.

As soon as I was able to, out of necessity, I started working part-time jobs to help my family out.  Paper-routes, dishwashing, and retail.  (Believe it or not, I preferred washing dishes to retail, where you have to deal with sleepwalking consumer morons all day as they purchase things they don't need and treat you as though you're a neanderthal just because you're working for Big-Box-Store-X.  At least when you're washing dishes, it's just you, a basin of scalding water, and dirt.  I can handle that.)

It wasn't long before I started to resent my employers.  It doesn't matter who they are.  They're all employing you because they're making more from your efforts than they're paying you.  I have a great work ethic and never let the quality of work suffer due to this realization, but the fact remains, and it's tough to deal with.

Some history and background: I went to undergrad college thanks to having generally good teachers for whom I earned great good grades in HS.  One in particular urged me to apply to good schools.   Plus I received generous grants from the government and my university (Boston College) because of demonstrated need.  Got a degree in computer science.  Have been working 14 straight years since, with little vacation.  Saved a lot of money. Still, I've resented the incredible workload and levels of stress that are inherent to IT and software development/support.  Many of the jobs I've held are 50+ hours a week and you definitely take the work home with you in the form of a) 24/7 on-call duty and b) not being able to shake the thought of the mountains of work you'll shortly be returning to after your day or two away from the office.  It's also common to be faced with technical problems which require creative troubleshooting and resolution, which tends to happen on weekends or in your sleep as you dream in scripting/code.  It takes over your life.

So I completely realize that I'm very lucky to be in a good financial position nowadays, and to get there through employment that hasn't broken me physically the way that some stuff does (farming jobs, landscaping-type stuff, etc)  but at the time time, I resent having essentially done nothing but work for other people for so many years.  And not just work, but work of the same general type, flavor, and unvaryingly crappy consistency.   Humans aren't insects, born to perform a single type of task forever, until the day they die; we need to do other things in order to be well-rounded and happy. 

For me, I'm motivated to work toward FI to
1. Point to a specific achievement which allows me to conclusively assert that I'm not poor -- I've been cured.  I've not only climbed out of the pit into which I was born, but continued climbing onto a pile of money which allows me the freedom to do whatever I please. 
2.  Stop helping the rich get richer, off of my blood, sweat, and blood. 
3.  Start doing more with my life than work on a computer all the time.  Give back to the community.  Spend more time with my family.  Get involved in hobbies.  Feel more connected to the world, my friends, myself.  This is pretty close to the "being a better person" motivation that darkelenchus mentioned.
4.  Say to other SUV-driving, McMansion owning slaves that I work with:  Goodbye. Have a nice life working to pay for all that stuff you don't need.   (This seems to be a common theme in the other posts -- glad to see I'm not alone here.  It sounds like I'm being petty when I think it to myself, but perfectly reasonable when I read it from others :) )
5.  Helping the unemployment rate go down.   When I leave,  I suppose my position will be opening up for someone else to take.  Just doing my part.


TwoWheels

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Re: What Motivates Your Seeking FI?
« Reply #68 on: September 17, 2012, 05:46:07 PM »
I'm motivated by several things.

- The biggest one: being able to decide what to do with my life without worrying about how I'm going to afford it sounds like the best possible way to live.

- 40+ hours a week is too much time to consistently spend on one thing! I don't care how much I enjoy it. Spending that much time on a single pursuit means excluding too many other great things.

- Mustachianism really resonates with me. At its core I see a concept that has become an ever-growing theme in my life over the past few years: avoiding the path of least resistance to reap long-term rewards.

- This one really makes my blood boil: taxes. Even with a maxed-out 401(k) contribution, I lose a quarter of my income to taxes. Effectively, this means that for three months out of every year, I get up in the morning and sit in front of a computer in a stuffy fluorescent-lit office for 8-9 hours for nothing. Not a penny to show for it. I want to live a life where the fruits of my productive efforts go to ME or to a cause of MY choosing.

- The realization that minimizing consumption brings happiness frees up a lot of money. What better thing to buy with it than your own freedom?

Sparky

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Re: What Motivates Your Seeking FI?
« Reply #69 on: September 28, 2012, 06:17:50 AM »
I need another project in the game of Life. Why not try to retire young?

Also really bad arthritis in the knees is a motivator. I don't like having to walk around with 20 kg of climbing gear and winter clothes on all while it burns to take every step to make somebody else money.

Zaga

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Re: What Motivates Your Seeking FI?
« Reply #70 on: September 28, 2012, 10:27:25 AM »
My fiance is quite a bit older than me. If I retire at 65, there's a good chance he might have already died. Writing that out makes me go a bit numb.

Anyway. If he weren't, I'd like to think we'd be on the same path anyway, so that we could spend more time with each other, read, garden, travel, make elaborate meals, eat elaborate meals, learn new things, etc. So it's all that, plus there is probably no other way for us to enjoy FI together except by accelerating it.
My motivation is similar, my husband is enough older than me that I want to make sure we have as much time to spend together as possible.