Free Ebook.

Enter your email address:

Delivered by FeedBurner

« Reasons Why You Should Not Engineer Your Own Layoff | Main | Reader Profile: OR »

January 08, 2013


Feed You can follow this conversation by subscribing to the comment feed for this post.

"You don’t want to have any regrets" definitely ring true for me. I feel like there are so many other things I want to learn and become better in but working a full time job these take take too much away to focus on much other things.

Another possibility is if you have saved up "enough" where you're not completely financial independent yet but have enough to cover few years expense. Then you can switch to a simpler job or set out to do what you'd like that pays less but you get to do something more enjoyable. That's definitely an option.

“Why didn’t I ask that girl out?” – Thank goodness I didn’t ask her out or else I might never have met the love of my life.

My situation regarding the above question was unusual and shows how a random & spontaneous event can change your life. When I was 16 and living in England, my buddy and I went to a dance back in 1951. An old girlfriend of mine happened to be there with her female cousin. I spent the evening dancing with my old girlfriend while my buddy danced with her cousin.

Later that week he contacted me and said, "I have a date to take your old girlfriend's cousin to the movies on Saturday night but I won't be able to make it so since you live near the movie house could you show up at 7pm and give her my apologies".

I showed up, gave her his apologies and asked her if I could take her to the movie instead. She agreed and the rest is history. We dated for 5 years, got married in 1956, emigrated to the USA 4 months later with $450, are still very happily married, raised 3 children, and have lived the American Dream.

Old Limey - if I may ask, what happened to the cousin (your old girlfriend)?

Old Limey - Wonderful story! That is what putting ourselves out there is all about. Per your previous comment on my post, I hope guys spending your millions in retirement!

Kin - We call this the "crossover point." Once you get your various passive income streams running, you can change for a job you enjoy more despite paying you less. Here is a post you might enjoy that discusses the various income streams I worked on every since graduation. Getting pounded at work from the very beginning motivated me to gain freedom!

I think the thing that resonated most with me from your post was the idea of living with regret. No one wants that, yet everyone has a least one or two things they wish they'd done differently. I think the key to engineering a layoff is planning. Not everyone is going to have in place the items you mentioned (I certainly don't), but with planning and faith, we can all get there.

Nobody wants to have regrets in this life, but I think it is inevitable. As far as the financial aspect is concerned, my regrets include saving for retirement at an earlier age as well as investing on stocks and business before I leave the corporate world.

I lost touch with just about all the friends from my teenage years that I had in England, both male and female. The only one I kept in touch with was a high school friend that was best man at our wedding. These days with the Internet and all of the social media websites it's easier to find people that you once knew. However I don't use any Social Media sites and I also don't own a smart phone - I still prefer a landline and a $5/month, 25c/minute, basic cell phone that stays, turned off and in the car, just for emergencies. At 78 I have all the hi-tech gadgets I will ever need and have very little interest in new technologies.

Johnny - You are right. Everybody has some regret in their lives, whether they admit it or not. All we can do is focus on the present and plan for our future. I love Jeff Bezos' "regret minimization framework." The video is in the post that's linked at the very top.

Manette - Because I was beaten up my first two years of work, I knew I COULD NOT last in finance for my entire career. As a result, I saved 50%+ of my aftertax income and invested like crazy to get out one day. I surprised myself by working for 13 years.. although I was shooting for 18 (until age 40).

Bo - Thanks Bo. It's not easy, but it's worth a shot indeed. As we get older, we become more aware of the brevity of life. This awareness motivates us to get going!

This is a great example of how one can strategically plan a life that is more on your terms than on the terms of what we are "supposed" to do. Let's face it, most people work at the jobs they are because they have to, not because they want to.

To make our dreams happen, we can't just wait for our ship to sail in. We have to plan for it, and work hard to get it. By saving an extraordinary percentage of income when young, and investing even just reasonably well, we can give oursleves more flexibility earlier in life. This flexibility allows us to consider moves like being happy to be laid off a job, as it could allow us a profitbale pathway into a different type of lifestyle.

Agreed that having no dependents would make it much easier. Another example of why having a plan and getting to work on it right away when younger only helps and gives more options down the road.

Great stuff.

This was a great post, thanks for the advice. Currently working up to diversify income and buiding the nest egg I need to retire early like Sam.

The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.