Greener grass

I was reading an essay by Joseph "Jody" Bottum, and in the paragraph below I recognized an echo of my own (our collective?) dream, this unceasing desire for something different.

Perhaps my dreams are merely the standard-issue reveries in which settled people imagine they might somehow throw off their responsibilities and make a change. Perhaps they're merely daydreams of difference: the perpetual illusion that life might be lived down some entirely other path, the always-shimmering mirage that promises we can find what our spirits are missing simply by relocating our tired bodies.

Jospeh "Jody" Bottum, In Judgment of Memory

Traits of a Rich Life

Cal Newport, in his post, points to previous research as identifying three traits that must exist for a person to feel that they have a rich life.

Thirty years of research has identified the following three traits to be crucial if you want a rich life:
· Autonomy — control over how you fill your time.
· Competence – mastering unambiguously useful things.
· Relatedness — feeling of connection to others.

My mnemonic is ARC (Autonomy, Relatedness and Competence) for these three. Looking back now, I can see that a big reason I left my job was my perceived lack of autonomy. I did have the freedom to pretty much choose my own projects, but I still had to show up and be there for long hours, and that tied me down in many ways.

Just one small caveat that a list of this kind shouldn’t be taken as the final word – several other traits can also be included and it will still sound like a very logical ingredient for a rich life.

What I like about these three in particular (ARC) is that we can choose to work on supplementing whichever trait we feel is lacking in our lives.

Related Post: The Competence Trap

The Competence Trap

There are very few posts in the blogosphere that I find worth bookmarking and revisiting. One such is a post by Cal Newport with the subtitle: "The Subtle Difference Between Finding You Life's Work and Loving Your Life." I read it several weeks ago, and am finally getting to mention it here.

There is so much good stuff in it that I plan to come back to Newport's post by a couple of more times.

For today, I'll just focus on one aspect – that he calls "The Competence Trap."

As Cal defines it, competence trap is when once "you amass enough career capital to exert meaningful control over your life and career, the only investment presented as reasonable will be to further maximize your competence at the expense of the other areas of your life."

In other words, as you get better and better at your job, the whole marketplace is geared towards making sure that you don't leave to focus on other things. To me, competence trap is at the very crux of the internal struggle that many of us go through – those of us who love what we do for work, are good at it, and yet feel that something is missing. (I am simplifying in order to summarize here. Cal does a much better job of laying it out, and also warns us to be wary of the competence trap.)

In his entire post, Cal makes several very important points. To me, it seems that a careful reading of the post will really benefit anyone who takes the time.

Are you ready for Early Retirement?

I picked up the term organizational ambition from Taleb in his book Fooled By Randomness. He uses it in a different context, but I think it has definite significance to those thinking of early retirement.

Let's assume that every now and then, you compute your net worth and idly contemplate taking early retirement and living a life of leisure. Here's one question you have to ask yourself: Do you have any organizational ambitions? In other words, are you excited by the idea of your next promotion, a new title, more responsibilities and the accompanying pay raise?

Answer this Yes/No question honestly. There are many valid reasons to want that success. You will be making your parents, your spouse, and your children proud by getting promoted. You may also want to prove yourself to your colleagues, or even to yourself with future professional successes in your field.

If the answer is Yes (i.e. you do have org. ambitions) then there is no point in getting frustrated about the lack of a life of leisure, because the time for you to quit is not imminent. Give yourself time, say 2 years or 5 years to re-evaluate things.

If the answer is No, and you indeed have no organizational ambition left, then that is one more thing out of the way. A lack of organization ambition is a necessary but by no means sufficient condition for early retirement.

Interspersing "retirement" into your working years

Daniel Pink, after just returning from TED Global 2009 says:

One of the talks that really stuck with me came from the amazing designer Stefan Sagmeister. He described a typical life timeline: The first 25 or so years are devoted to learning, the next 40 or so to working, and the final 25 to retirement.

Then he asked: Why not cut off 5 years from retirement and intersperse them into your working years?

So every seven years, Sagmeister closes his design shop, tells his clients he won’t be back for a year, and then goes off on a 365-day sabbatical. It sounds costly, I know. But he says the ideas he comes up with during the year “off” are often what provide the income for next seven years.

Corporations Dangling Carrots

In our company an internal client of mine, a lady whose work ethic I respected, was promoted to a VP. Ours being a Fortune 500 company, this was a pretty big deal. Since she always worked late, that evening just before leaving work, I walked over to her office to congratulate her. I asked her if she would be moving to the corner office, the one previously held by the person who had the job.
“No, I am not allowed to occupy that office, Ram” she said. “It has two windows. Only Senior VPs can have an office with two windows. I am only being made a VP, not a senior VP. That office is being converted into a conference room. And they will be building me a new office adjacent to it for me, with one window.”
I was surprised that she didn’t see what all corporations are trying to do. They are forever dangling new carrots (a pay raise, a better title, a better office), anything to get their employees to put in more time.
It was like one of Pavlov’s lab dogs figuring out that it was being programmed to salivate. I think I lost quite a bit of my appetite for corporate carrots after that evening.

Giving up income for personal freedom -- Tyler Cowen

There is a wonderful jolt of recognition in reading something that echoes and validates our own thinking, and does so far more eloquently than we ever could.

How is it that someone like me, coming from a strictly middle-class background, with no inheritance, after working in middle management for just a dozen years can even consider myself as possibly financially independent? I have often wondered this in the last year.

Several clues to the answer come from Tyler Cowen, whose thinking and pointers I respect enormously. He's recently written a book called "Create Your Own Economy" (great reviews) and says the following in Newsweek Q&A about his book:

The wealthier we get, the more we are seeing people give up income for personal freedom or for a more interesting job.
...
Human welfare is becoming less attached to wealth than it used to be. It’s quite plausible, for instance, that an upper-middle-class person can be happier than Bill Gates or some other billionaire. You wouldn’t have said the same back in the days of Carnegie and Rockefeller.
...
The widespread presence of free fun on the Internet has made it very easy for a lot of consumers to limit or postpone their spending. Just stay at home and cruise the Web.

5 Myths about not having a job

It’s been one year since I succumbed to the idea of not having a job at all. Like everyone, I had hopes and preconceived notions of what it would be like to not go to work at all. Here are 5 things I have learned in the ensuing year are not really true.

Myth #1: You will have vast stretches of unlimited free time
This is the primary reason to give up a regular job, but it is surprising how little extra time one really gets. Not having to set out for office daily is when you realize how many of our day to day activities have to get done anyway. If you manage your time well, you can get a few extra hours every day, but it not even close to whole days.

Myth #2: With no routine to adhere to, you can do whatever you want, whenever you feel like it
It has been a shock to me how quickly new routines get formed. Yes, it is possible to be rebellious and try to shun routines. But for me, not having a routine worked out to be really counter-productive. I have made peace with the fact that routines to a certain degree are inevitable, and that the structure is actually helpful for me to function better.

Myth #3: You can forget about Work and earning Money
Your ex-colleagues and friends will come up with suggestions for what else you could be doing with your time, even if you don’t want to work 9 to 5. From time to time, I myself come up with schemes which I feel are ways to earn extra money. That kind of thinking lasts until I realize that it simply doesn’t make any sense to venture out on dubious propositions that have a remote chance of succeeding. And that I would be earning one tenth of my annual salary even if they did pan out. But it takes conscious effort to stay clear of work and money-related thinking.

Myth #4: You can’t live without a regular paycheck
Actually, employees get a lot more than just their paycheck, if you also consider the perks and benefits that go with being employed. So there is a big fear in letting go of what feels like life support. In my case, after a few necessary adaptations, it didn’t at all feel that bad. I don’t want to make it seem easy. Just that with enough planning, careful saving and living within set budgets it is possible to attain freedom from our dependence on regular paychecks.

Myth #5: You will get terribly bored
This is perhaps the biggest myth of them all. Those who say this really don’t know what they are talking about. When was the last time you got bored of a 4-day weekend, or your 2-week vacation? With all the events, movies, books and so much of the Web to discover, if anyone gets bored it is really their own fault. I am just as pressed for time as I was when I was working, and haven’t yet gotten bored.

In all, I am happy with my decision to leave the workforce. (Otherwise I’d be out looking for a job right now.) Just that things don’t always turn out as you think they will. If you know of friends or colleagues who mention their urge to shove their job, you might consider forwarding these myths to them.

Retirement inspiration from Steve Jobs?

Steve Jobs : "The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know when you find it."

The “work” that Jobs refers to may or may not be our day jobs. One reason to ‘retire’ is so that we can seek whatever it is that we were meant for.

There are 10 more of these ‘insights’ from Steve Jobs in Rajesh Shetty’s ever-upbeat blog, Life Beyond Code.

A friend of mine pointed out that the second one in that list, the one about Socrates, was rather odd. Does anyone know the story behind Steve Job’s fascination with Socrates?

Be sure to check it out the post.

Reasons to take up 'retirement' mid-career - Take 2

Last year, I picked up and read Elizabeth Gilbert's 'Eat, Pray, Love.' In one year, the author lives for 4 months each in 3 countries (Italy, India and Indonesia) and writes about her experiences. The time structure and the idea intrigued me very much. Gilbert writes with charm and wit, and often offers up interesting little insights. As an aside, the book has been especially popular with women.

I jotted down 3 sentences from the book, which seem to also articulate my reasons for leaving my corporate job in search for something else that is at the moment intangible.

"The Bhagavad Gita – that ancient Indian Yogic text – says that it is better to live your own destiny imperfectly than to live an imitation of somebody else’s life with perfection."

"I will say that the same thing which has helped generations of Sicilians hold their dignity has helped me begin to recover mine – namely, the idea that the appreciation of pleasure can be an anchor of one’s humanity."

"You abandon your comforting and familiar habits with the hope (the mere hope!) that something greater will be offered you in return for what you’ve given up."

All three are from various parts of Eat, Pray, Love.

Trading-In Money for Time

Every week, in my emails and phone calls, I find myself defending my decision to walk away from my job. With each variation of my response, I now realize that I am also articulating it for myself.

The underlying question is a tough one: If I am not independently wealthy, and I loved my job, why did I give it up mid-career? Every version of the answer involves time. I craved time-freedom so much that I gladly paid for it with my future earnings.

The succinct response, with apologies to the bard:
Not that I loved money less, but time more.


Related Posts:

1. What they think of time
2. Financial Self-help via T-shirts slogans