Where to FIRE/Semi-FIRE? 43-yo Bay Area biotech hippie
Posted: Tue Dec 15, 2020 10:46 pm
Greetings all. First, thanks for creating this great Community, Jacob!!!
I learned about Jacob, MMM, and the FIRE community fall of 2013... coincidentally, by chatting with a couple biking home from a climate-change related speaking event at the Grand Lake Theater (for the Bay Area folks who know the area). I'm 43.5yo, living in East Bay of SF Bay, and over the last year or so, the feeling of wanting to get off the career-mainstream has felt stronger.
Would appreciate input from the community re: ideas on an "exit plan" and timeline?
Not sure if this long intro should actually be in "work-education" sub-section but I'll post it here until others advise otherwise.
* Why I got into biotech: reading science reporters in my newspaper report on how DNA fingerprinting could be used to identify people uniquely
* Why I have continued in biotech: google Pivot Labs (an example of using our knowledge of microbial science to help agriculture reduce the use of environmentally damaging nitrates and phosphates)
* Why I'm feeling burned out with biotech: In early 2017, I switched from being a problem-solver in the lab to selling the technology / services that scientists need to work on problems (scientific sales) b/c 1) the lifestyle was more flexible (I decided my hours much more than when I was in the lab); 2) I got paid a lot more; and 3) I enjoyed the diversity of research projects, people, technologies, and companies I learned about while interacting with clients
However, now after almost 4 yrs of being a scientific sales rep/"business development" person (that's the fancy title), I'm feeling burnt out. With the need to meet one's quota and make as many client deals as possible in a 3-month quarter, I don't feel like I am deriving the relationship-building that I initially felt like I could do when I started. I also feel less excited by the technology going into healthcare when so much focus is really on the profit margins ("portfolio management" is about choosing the right diseases to develop drugs against based on profit forecast). I understand, we're part of a capitalist "growth economy" and someone has to pay for the 99% of drugs that fail. But nonetheless, the fun/love of science gets stamped out of me with all the thought about profitability.
Originally I was thinking keep working until I have $1M x 3% rule (I'm conservative), would enable $30k/yr to ensure I can afford healthcare + higher cost of housing in California.
However, I'm thinking, can I FIRE sooner??? The post by Canoe "Web of Goals" resonates with me b/c I too want to pursue projects/work that promotes physicality, social interactions, learning, and where I can perhaps earn $ to be semi-FIRE or lean-FIRE?
Where can I live FIRE where I can reduce my cost of living AND still have the weather and safety and access to clean water and healthy food AND be surrounded by community of people that I would enjoy?
Also, what is a way to practice househacking without actually committing to a mortgage (eg to test the theory that maybe I will enjoy learning how to do home repairs, which, if this were to be true, would enable me to feel ok with buying a house where my criteria are met)?
Finances:
Invested: $800K (95% index funds like VTI /5% bonds); $50K in cash
Debt: 0
Housing: renting (no mortgage or property ownership)
Expenses: on average $24000/yr ($1100 on housing + food + gas + car insurance + occasional eating out + health insurance + gifts + a few airplane trips to visit family + gym/fitness pre-COVID = $2K/mo)
Investing/saving per year for last 2 yr: ~60-75% (depending on the year)
Values re: where I live:
* TOPOLOGY: I LOVE hiking and walking and cycling up hills. I don't even need big huge mountains Colorado-style, I just need hills that go up say 1500' in say, 2-4 miles. So living somewhere in the midwest probably won't work for me. I'd like to live within a bike ride (eg 2-3 miles to get to a base of a hill) of hills or up to 20'-30' drive to some bigger hills/mountain (for SF Bay people, I have the privilege of being 25' drive from Mt Diablo to get my cardio exercise!)
* ECOSYSTEM: TREES. I enjoy greenery.
* WEATHER: I don't think I'm cut out for extreme cold/rain/snow. I dated someone from Maine for a year and spent a total of 4 weeks in the Boston/Maine area spread over 2 winters (including Bombagenesis winter)... too extreme for this Filipina mango (I was born in the Philippines)
* COMMUNITY: It would be great to have a community like MMM has in Longmont but even without a formal FI community, it would just be great to have people as neighbors who are into diy, frugality (for the environmental good that it does, such as fixing things vs buying new things), entertaining via making dinner and having friends over vs going out; Eg access to low-cost practical classes offered at a community college
* URBAN AMENITIES: not too far from an international airport (I DO want to travel but slow travel where I may be in 1 place for 1+ month volunteering/learning/working)
RE: part-time work/semi-FIRE: I think I would really love to teach science in a community college b/c (1) the demographic of the students are ones that really need help to get a leg up/start a career; (2) it would be a way to keep learning about the interesting developments in science?
But this last bit is not a must-have... b/c perhaps the practical hands-on learning I can do such as learning how to make things with my hands may end up being more fulfilling than academic work. Eg I've always wanted to learn woodworking such as furniture-making... I took shop in junior high, not typical for girls).
Places I have traveled /lived short term in that got me thinking about what I enjoy in a community:
* Cordova, Alaska (one summer): I loved the access to nature, small tight-knit community; no community colleges though, and not thinking I'd like the winters
* Redding/Old Shasta, CA (Jan - May): I also enjoyed the access to nature, but summers are brutal; not sure how to make friends out there without a job or other focus that involves regular interactions with others
* San Diego, CA: I like the weather in the winter; otherwise too warm/dry/not enough evergreen trees (I guess I fell in love with the redwoods when I moved further north)
Where is there in the world that is like Marin county, or Santa Cruz, California, but without the pricey housing?!
RE: considering living in New England: I would need to try it for a year perhaps to see if I could enjoy it?
I have a friend (also in biotech) who used to live in Santa Rosa who moved to mid-state Mass. to live a "permaculture" lifestyle, eg raise 3 hogs, 5 goats, grow her own food, and share a hayfield + solar panels with a community of 6 other families. And she still works in biotech (A true biotech hippie!). She has come to appreciate the 4 seasons as well as what her $ can get her living out there vs in CA. Note: she also is looking to find more flexible income stream (she commutes to Boston 1x per week) so nothing is perfect.
I learned about Jacob, MMM, and the FIRE community fall of 2013... coincidentally, by chatting with a couple biking home from a climate-change related speaking event at the Grand Lake Theater (for the Bay Area folks who know the area). I'm 43.5yo, living in East Bay of SF Bay, and over the last year or so, the feeling of wanting to get off the career-mainstream has felt stronger.
Would appreciate input from the community re: ideas on an "exit plan" and timeline?
Not sure if this long intro should actually be in "work-education" sub-section but I'll post it here until others advise otherwise.
* Why I got into biotech: reading science reporters in my newspaper report on how DNA fingerprinting could be used to identify people uniquely
* Why I have continued in biotech: google Pivot Labs (an example of using our knowledge of microbial science to help agriculture reduce the use of environmentally damaging nitrates and phosphates)
* Why I'm feeling burned out with biotech: In early 2017, I switched from being a problem-solver in the lab to selling the technology / services that scientists need to work on problems (scientific sales) b/c 1) the lifestyle was more flexible (I decided my hours much more than when I was in the lab); 2) I got paid a lot more; and 3) I enjoyed the diversity of research projects, people, technologies, and companies I learned about while interacting with clients
However, now after almost 4 yrs of being a scientific sales rep/"business development" person (that's the fancy title), I'm feeling burnt out. With the need to meet one's quota and make as many client deals as possible in a 3-month quarter, I don't feel like I am deriving the relationship-building that I initially felt like I could do when I started. I also feel less excited by the technology going into healthcare when so much focus is really on the profit margins ("portfolio management" is about choosing the right diseases to develop drugs against based on profit forecast). I understand, we're part of a capitalist "growth economy" and someone has to pay for the 99% of drugs that fail. But nonetheless, the fun/love of science gets stamped out of me with all the thought about profitability.
Originally I was thinking keep working until I have $1M x 3% rule (I'm conservative), would enable $30k/yr to ensure I can afford healthcare + higher cost of housing in California.
However, I'm thinking, can I FIRE sooner??? The post by Canoe "Web of Goals" resonates with me b/c I too want to pursue projects/work that promotes physicality, social interactions, learning, and where I can perhaps earn $ to be semi-FIRE or lean-FIRE?
Where can I live FIRE where I can reduce my cost of living AND still have the weather and safety and access to clean water and healthy food AND be surrounded by community of people that I would enjoy?
Also, what is a way to practice househacking without actually committing to a mortgage (eg to test the theory that maybe I will enjoy learning how to do home repairs, which, if this were to be true, would enable me to feel ok with buying a house where my criteria are met)?
Finances:
Invested: $800K (95% index funds like VTI /5% bonds); $50K in cash
Debt: 0
Housing: renting (no mortgage or property ownership)
Expenses: on average $24000/yr ($1100 on housing + food + gas + car insurance + occasional eating out + health insurance + gifts + a few airplane trips to visit family + gym/fitness pre-COVID = $2K/mo)
Investing/saving per year for last 2 yr: ~60-75% (depending on the year)
Values re: where I live:
* TOPOLOGY: I LOVE hiking and walking and cycling up hills. I don't even need big huge mountains Colorado-style, I just need hills that go up say 1500' in say, 2-4 miles. So living somewhere in the midwest probably won't work for me. I'd like to live within a bike ride (eg 2-3 miles to get to a base of a hill) of hills or up to 20'-30' drive to some bigger hills/mountain (for SF Bay people, I have the privilege of being 25' drive from Mt Diablo to get my cardio exercise!)
* ECOSYSTEM: TREES. I enjoy greenery.
* WEATHER: I don't think I'm cut out for extreme cold/rain/snow. I dated someone from Maine for a year and spent a total of 4 weeks in the Boston/Maine area spread over 2 winters (including Bombagenesis winter)... too extreme for this Filipina mango (I was born in the Philippines)
* COMMUNITY: It would be great to have a community like MMM has in Longmont but even without a formal FI community, it would just be great to have people as neighbors who are into diy, frugality (for the environmental good that it does, such as fixing things vs buying new things), entertaining via making dinner and having friends over vs going out; Eg access to low-cost practical classes offered at a community college
* URBAN AMENITIES: not too far from an international airport (I DO want to travel but slow travel where I may be in 1 place for 1+ month volunteering/learning/working)
RE: part-time work/semi-FIRE: I think I would really love to teach science in a community college b/c (1) the demographic of the students are ones that really need help to get a leg up/start a career; (2) it would be a way to keep learning about the interesting developments in science?
But this last bit is not a must-have... b/c perhaps the practical hands-on learning I can do such as learning how to make things with my hands may end up being more fulfilling than academic work. Eg I've always wanted to learn woodworking such as furniture-making... I took shop in junior high, not typical for girls).
Places I have traveled /lived short term in that got me thinking about what I enjoy in a community:
* Cordova, Alaska (one summer): I loved the access to nature, small tight-knit community; no community colleges though, and not thinking I'd like the winters
* Redding/Old Shasta, CA (Jan - May): I also enjoyed the access to nature, but summers are brutal; not sure how to make friends out there without a job or other focus that involves regular interactions with others
* San Diego, CA: I like the weather in the winter; otherwise too warm/dry/not enough evergreen trees (I guess I fell in love with the redwoods when I moved further north)
Where is there in the world that is like Marin county, or Santa Cruz, California, but without the pricey housing?!
RE: considering living in New England: I would need to try it for a year perhaps to see if I could enjoy it?
I have a friend (also in biotech) who used to live in Santa Rosa who moved to mid-state Mass. to live a "permaculture" lifestyle, eg raise 3 hogs, 5 goats, grow her own food, and share a hayfield + solar panels with a community of 6 other families. And she still works in biotech (A true biotech hippie!). She has come to appreciate the 4 seasons as well as what her $ can get her living out there vs in CA. Note: she also is looking to find more flexible income stream (she commutes to Boston 1x per week) so nothing is perfect.
(trees, nice hills, universities, an art scene of sorts).