#039 08/23/2013 Failure in Early Retirement
Posted: Fri Aug 23, 2013 8:17 am
#039 08/23/2013 Failure and Fear in Early Retirement
To sum up my fear in early retirement in a sentence would be this:
I fear an atrophy into laziness and gluttony, that makes me lesser of a man than I was before.
That with the absence of friction that my current life gives me, ie. the constraints of a 9-5 (solving a commuting dilemma example), I slide into a lie, that I tell myself based on freedom alone, I am a better man.
I wish to retire based on the concept of becoming a better person, and if I don't, than retirement to me is a failure.
So what does a "better" man mean to me?
On the tangible, there are very concrete things that I want for myself in retirement:
-I workout/exercise more
-I eat better
-I spent much more time with family (my aging mother. my brothers family)
-I sleep more (ie. a healthy 8-9 hours a day)
-I read more books
-I travel more
They form the foundation of concrete things that so far is what I have defined in my life as 'better'. They are the 'known' things that fuel me to achieve retirement.
If any of these things actually take a step backwards or on the whole becomes lesser than what they are today, I can make the argument to myself that I have regressed. That I needed the friction, i.e. the cage.
Further, if I watch a significant amount more of TV, surf the internet more, drink alcohol habitually, than again, I may argue to myself that the cage was good for me. For I define these things to be a gluttonous waste of time (for me), and not at all my purpose to retire. I didn't do all this FI and ERE goal planning to watch more TV and surf the internet more. Given the confines of my cage, these things are well under control.
Then there is ofcourse the 'unknown' things. The intangibles. Love, Happiness, Purpose, Meaning, productivity/contribution to society, etc.
An independent free mind in retirement can run amoke (depression, loss of reality narcissistic/hedonistic decline, mental instability, lost purpose, etc) or it can be channeled into becoming better.
How will I react to getting what I want?
How does general human nature react? I.E. what is the normal response to obtaining a lofty financial achievement or some type of pinnacle success?
These may not be the best samples, but oddly I find they are the most relatable to me. Of lottery winners, celebrities, and athletes pro athletes who hit pay dirt after a life of relative struggle and obscurity, how many of them after achieving the pinnacle of getting what they want, go on to achieve or become 'better' ?
The best example of these three I find are pro-athletes. I find it so amazing that during a contract year, a player can play out of his mind, and put up career numbers. I find it equally stunning how often after a player has signed a max contract, i.e. they are set for life and finally got what they 'wanted', that they never again achieve anywhere close to their career numbers. In Toronto sports, we had Hedo Turkoglu, Mike James, and more recently RA Dickey (although I am still a big fan of his) just to name a few, of players who never lived up to their contracts or saw a significant decline afterwards.
To me a significant amount of people when they get what they want, end up on the road to this 'atrophy', becoming a shell of their potential, enslaved by comfort and the lack of friction.
Being F.I. feels like I am in that contract year, waiting for that early retirement pay day. I feel the journey is pushing me to betterment, but will the paydirt lead me to atrophy, like those above?
FI vs High School Senior Year
I will close this post with a last thought/analogy that I feel relates to how I feel.
I enjoyed high school. I didn't love it, but having hard working parents, I realized at the time, that high school life was a Disneyland. A world where food magically appeared on the table and shelter was provided. I remembered getting to school early, just to hang out in the caf, to socialize and people watch (mostly a few girls that I would have a crush on from afar).
However, in highschool, a portion of my classmates couldn't wait to get out of this 'jail'. This 'cage'. They yearned to be free of classes, attendance, teachers, and the institution that was holding them down. Keeping them back from what they wanted to do, what they wanted to be.
They convinced themselves that anything is better than 'school'.
So, where did most (not all) of these people end up?
McDonalds. Or a factory.
A vision without a plan is just a dream.
The ones who yearned for their "freedom" most, a lot of them ended up being enslaved into a new type of confinement, worse than it was before. The cruel hoax here is that like a frog in a pot where the temperature is slowly increased, we lie to ourselves that our reality is in fact better, that anything is better than high school, ie. the cage, and by the time we realize that this in fact was a lie, we are cooked.
I guess my whole point to myself, is freedom in and of itself, does not automatically make my life better.
To sum up my fear in early retirement in a sentence would be this:
I fear an atrophy into laziness and gluttony, that makes me lesser of a man than I was before.
That with the absence of friction that my current life gives me, ie. the constraints of a 9-5 (solving a commuting dilemma example), I slide into a lie, that I tell myself based on freedom alone, I am a better man.
I wish to retire based on the concept of becoming a better person, and if I don't, than retirement to me is a failure.
So what does a "better" man mean to me?
On the tangible, there are very concrete things that I want for myself in retirement:
-I workout/exercise more
-I eat better
-I spent much more time with family (my aging mother. my brothers family)
-I sleep more (ie. a healthy 8-9 hours a day)
-I read more books
-I travel more
They form the foundation of concrete things that so far is what I have defined in my life as 'better'. They are the 'known' things that fuel me to achieve retirement.
If any of these things actually take a step backwards or on the whole becomes lesser than what they are today, I can make the argument to myself that I have regressed. That I needed the friction, i.e. the cage.
Further, if I watch a significant amount more of TV, surf the internet more, drink alcohol habitually, than again, I may argue to myself that the cage was good for me. For I define these things to be a gluttonous waste of time (for me), and not at all my purpose to retire. I didn't do all this FI and ERE goal planning to watch more TV and surf the internet more. Given the confines of my cage, these things are well under control.
Then there is ofcourse the 'unknown' things. The intangibles. Love, Happiness, Purpose, Meaning, productivity/contribution to society, etc.
An independent free mind in retirement can run amoke (depression, loss of reality narcissistic/hedonistic decline, mental instability, lost purpose, etc) or it can be channeled into becoming better.
How will I react to getting what I want?
How does general human nature react? I.E. what is the normal response to obtaining a lofty financial achievement or some type of pinnacle success?
These may not be the best samples, but oddly I find they are the most relatable to me. Of lottery winners, celebrities, and athletes pro athletes who hit pay dirt after a life of relative struggle and obscurity, how many of them after achieving the pinnacle of getting what they want, go on to achieve or become 'better' ?
The best example of these three I find are pro-athletes. I find it so amazing that during a contract year, a player can play out of his mind, and put up career numbers. I find it equally stunning how often after a player has signed a max contract, i.e. they are set for life and finally got what they 'wanted', that they never again achieve anywhere close to their career numbers. In Toronto sports, we had Hedo Turkoglu, Mike James, and more recently RA Dickey (although I am still a big fan of his) just to name a few, of players who never lived up to their contracts or saw a significant decline afterwards.
To me a significant amount of people when they get what they want, end up on the road to this 'atrophy', becoming a shell of their potential, enslaved by comfort and the lack of friction.
Being F.I. feels like I am in that contract year, waiting for that early retirement pay day. I feel the journey is pushing me to betterment, but will the paydirt lead me to atrophy, like those above?
FI vs High School Senior Year
I will close this post with a last thought/analogy that I feel relates to how I feel.
I enjoyed high school. I didn't love it, but having hard working parents, I realized at the time, that high school life was a Disneyland. A world where food magically appeared on the table and shelter was provided. I remembered getting to school early, just to hang out in the caf, to socialize and people watch (mostly a few girls that I would have a crush on from afar).
However, in highschool, a portion of my classmates couldn't wait to get out of this 'jail'. This 'cage'. They yearned to be free of classes, attendance, teachers, and the institution that was holding them down. Keeping them back from what they wanted to do, what they wanted to be.
They convinced themselves that anything is better than 'school'.
So, where did most (not all) of these people end up?
McDonalds. Or a factory.
A vision without a plan is just a dream.
The ones who yearned for their "freedom" most, a lot of them ended up being enslaved into a new type of confinement, worse than it was before. The cruel hoax here is that like a frog in a pot where the temperature is slowly increased, we lie to ourselves that our reality is in fact better, that anything is better than high school, ie. the cage, and by the time we realize that this in fact was a lie, we are cooked.
I guess my whole point to myself, is freedom in and of itself, does not automatically make my life better.