Dan*, a partner at a major Boston law firm, was due at the office, but instead, he was curled on his bathroom floor, unshaven and in his pajamas, crying into a towel.– What Happens When Your Career Becomes Your Whole Identity
This feels more like a scene in a movie than from a Harvard Business Review article but it was actually from the latter.
The worse part of my job did not reduce me to this level but I would imagine some of my peers would have experienced something similar. Your friends would ask you seriously why put up with this, just quit it. However, if they were in your shoes, I wonder if they would take their own advice seriously.
Parts of your work is going to struggle and sometimes we do not know whether this is an acceptable struggle or that this is beyond our limit. As a new bird, you would not know which is which, thus the answer is not so straightforward.
Navigating work has always been an important aspect of financial independence. But perhaps not in a way that you think.
It is important not in the sense that the money allows you to be financial independence.
Rather there can be many conversations about work and financial independence. For example, are all work suppose to be repulsive? What if we do not find work repulsive?
How do you “survive” the period where you have set up your financial system and are just effectively waiting for the “cross over point” where your cash flow from your portfolio is more than your expenses?
Over the weekend, I came across three articles about work and I realize they are applicable to the topic of financial independence as well.
When Your Work is Your Identity
The first article explores some of our existential crisis: Who am I if I am not the highly paid, senior manager?
Many of us started liking what we do, but as we progressed in the career, we started being more and more unhappy in our career.
Progressing in our career usually means an emphasis on spending time at work, versus time for other things. We start to wonder if we would be happier if they have more friends and a happier family if we had spend our time out of the office instead.
But we are afraid to hate our job because our career has been such a big part of our identity that if we hate our career, it would be similar to hating ourselves.
Psychologist called this enmeshment with your career. Usually, it is used to describe the blurred boundaries between 2 people. However, in this case, it is between you and your career.
Being enmesh means your identity cannot be developed independently.
When you engage in any intense activity for a great majority of your waking hours, that activity will tend to become more and more central to your identity. It displaced other activities that you might identify with.
For some of us, our career achievements are highly valued in our family or community. There are high value placed upon professional and financial achievements. We fear failure will make our family disconnect with us. And thus this drives our identity to be more work focus.
We have also reached a certain socioeconomic class. It may not be the glamorous things but that you have succeeded to have access to your friends you are comfortable with now. Our identities are highly influenced by how we present ourselves to them.
Whichever level in this socioeconomic class, your identity is focused on certain wealth, achievement and influence. To maintain these 3, you need to maintain this good career.
Some of the better suggestions provided sound very cliche:
- Rebuild your network. Reach out to friends and family. recent research on adult friendships has shown that having just three to five close friends is associated with the highest levels of life satisfaction.
- Decide what is important to you. Review your principles and values. “Values Clarification”: Reflecting on your desired direction in areas like relationships, community, careers, and parenting. Rank their importance to you as well.
- Look beyond your job title. Reframe more in terms of skills at work that can be used across different contexts than on your job title.
Tasting the Extreme Ends of Working and Living Life
Julian Hebron at The Basis Point shares his reflection of working, not working and ultimately coming back to work on his own terms.
- Career success is measured by metrics such as money, expertise, and credibility.
- Life success is measured by something much more personal.
To gain career success it requires you to put in hard work and often, it involves some sacrifice of time from personal and family time. This will win you money, expertise or credibility or a combination of all three.
If you continue down this path you will either
- Taste career success through a combination of money, expertise, and credibility
- Gear down career success ambition and gear up life success ambition
- Pursue #2 but eventually settled for a blend of #1 and #2
What I understand from Julian is that when you have a taste of two extreme ends, you tend to understand where you would not wish to go. The most comfortable position might be a blend of somewhere in the middle.
Julian was able to gain this perspective because he climbed high enough that he has seen some form of success. He was able to weigh the tradeoff between career success and life success.
Not everyone has attained that privilege.
At the same time, we cannot discount that successful people have accumulated wealth capital, wellness capital, and social capital.
Why are Older Workers Less Anxious at Work?
Washington Post has a good article questioning if we reduced our ambition as we age. I thought the article explain the heck care attitude that people tend to stereotype older workers.
I do not think older workers do not care about their work so much. Perhaps I have seen some older workers who are more dedicated, always telling the younger ones to maintain certain standards.
However, perhaps as we get older, our philosophy about working have gradually shifted:
- We find contentment with the station in our life. We wish to perhaps learn to enjoy this setup in our lives.
- We may start becoming more selective in pursuing gigs and less anxious about how they would turn out.
- Started shrugging instead of worrying whether the kids will be late for school.
- We accept that we will die one day and are selective about who we spend our time with.
A lot of studies have indicated adults’ happiness over the years resembles that of a U-shape. We started off in our grown-up years feeling pretty good about ourselves. This falls over time until our 50s to hit our peak happiness around 65 to 72 years old.
All this seems to set us up for a period where we feel like we are more in control, and that we are least anxious about things (in terms of our work, not life). This might free us up to do better work.
I think what was not explicitly spelled out was that as you stay in the industry longer, some of the skills that used to take you a long time to do well became much easier for yourself. You tend not to forget how to do these things and you could customize these things well to suit what is required.
Trying to refine these areas of your work might not yield the highest benefit. The biggest wins tend to be able to selectively carry out those projects that you are best suited for.
Unfortunately, not everyone can be in such a privileged position to be able to do this. What I do see are very competent, older folks being overloaded with more work, from acceptable load to unsustainable load until it breaks a person.
Overall, the theme seems to be that if you are able to move up to a higher part of the value chain, all this advice will work for you. However, if we have not, then you would find these advise a little unrealistic.
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Wednesday 8th of January 2020
Good writeup. The U shaped happiness curve reminds me of a U shaped stock market curve. When the stock market is crashing, the weaker investors try to get out as soon as possible, and later, they miss the rebound as they stay out of the market. Same for career, those that have no willpower will exit (and claimed that they have FIRED) as their happiness drops, not realising that the turning point is coming soon and if they persevered, they would reap the benefits of earning a salary + increased happiness/satisfaction
Friday 10th of January 2020
Hi Lim, it will seem that climbing higher, if you manage to get better, increases happiness. if you did not, it might become a graveyard.