#26 – Distracted by FI

Distracted

The guys ponder if the distractions caused by thinking about FI slow us down on our path to FI. Show we focus more on our careers. If you found this podcast you’re probably familiar with the FIRE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.

Beer – Persephone’s Hazy IPA [0:55]

How FI Distracts US [4:15]

4 Comments

  1. Guys I couldn’t believe my ears when I heard you talking about being distracted by FI. I recently got started on the FI journey and now it is really difficult to focus on my day job, and my day job no longer looks very good… and I have a really good job. I work in the tech industry and now in my spare time I am listening to FI podcasts instead of listening to tech podcasts, and reading books on investing and real estate instead of tech related subjects. Like you said on the show once your eyes have been opened you can’t un-see it. My job now feels like I am putting in my time, and I am hoping to retire in 7 years at age 55 (yes I am a little late to the FIRE movement). Now my outlook for my job has changed, I just want to put in my time and hopefully get offered an early retirement package at 55. It feels like I am counting down the days of a prison sentence, and that is crazy, but if I could afford to quit today I would. So now I am very distracted by the real estate listings my agent is sending me about 3 – 4 times a day, the stock market, listening to BNN Bloomberg every day, searching for real estate opportunities and deals. I already bought one house and am renovating the basement into an apartment. When it comes to being distracted, yes I totally am! Great show guys, keep it up.

    1. Hey RJ,

      Thanks for the comment. At least someone out there is feeling the same way!! Believe me if you think taking in all the FI content is distracting, try being a content creator!! Like Chrissy’s website name, we pretty much Eat Sleep and Breathe FI now. It’s good though, always something to learn and always someone with a different story or strategy. Sounds like you have a good career and an exit strategy, even though sticking it out might be hard. My concern is for people who are earlier in their careers and perhaps get side tracked from higher earning potential. Hope you’re not watching BNN these days!! Cheers

  2. I really enjoyed this conversation, I feel it is one of your better episodes out of the recent ones. I do think FI can be very distracting when someone first discovers it but as one of you (Accountant?) said as you progress along the path it can become less distracting as you quickly consume most of the relevant information and all that is left are the low return optimizations.

    On the topic of Burnout and FI, I consider myself burnt out in my current role, every online survey I take confirms this. I fell very fortunate that I found FI before getting to this state. Knowing where I stand financially and having my FU money in hand I have been able to bend my role to my will in some regards to decrease stress and burnout because the worst that could happen is they fire me and that’s ok. Also, having FI being an island on the horizon helps me stay put on my ship and not jump overboard, I now the journey has an end and it’s not that far off relatively speaking.

    Finally, on the topic of getting paid what your are worth. My experience as a people leader is you will only get paid what you are worth if you demand it. I can advocate for you all year long and get no where but if you walk in with an offer from another company in hand or hand in your resignation that is when things change. The majority of the people I work with are underpaid substantially, most of them know it but choose not to do anything because change requires effort and is uncomfortable. This aversion is costing them 10-30% of their potential earnings.

    1. I totally agree that you have to demand to be paid what you are worth. I think that is where FU money can really come in and help. Most people aren’t willing to make those kind of demands until the feel financially secure. I think one other thing people need to remember is that the worst thing people can say is no, so generally there is no harm in at least asking. If you come in with some market research of what you should be paid it is often easier to get your employer to respond better.

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