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Posted by2 days ago
I AM NOT THE ORIGINAL PERSON WHO POSTED THIS.

Original post by u/Throwaway74888774 in r/financialindependence

mood spoilers: Light BORU Reading


 

I (31F) think I'm ready to quit my job and go work part time at Starbucks. Am I crazy? - submitted on 02 Mar 2018

I'm 31 and I have just crossed over $500k invested between my 401k and trading account...zero debt. I have $50k in a checking account to last me a couple years without work. All my money is from me working, saving, investment gains. I live in Kansas City. I don't own property but I live with my elderly parents who are almost 80 years old. We are from Calcutta so it's not that odd for unmarried adult kids to live with parents. They are very independent both financially and in everyday life. My monthly expenses are barely $1000 since I don't pay rent. My parents absolutely refuse rent. But on their birthdays and holidays, I give them each a stack of cash, $1000 or so and I have to force it onto them, they don't want my money since they are FI but I just want them to have it. I spend probably $20k a year including those cash gifts.

I will stay with my parents until they pass. I refuse to ever put them in a home.

I don't hate my job but I hate wasting 9 hours of my life here every day. I am an analyst on my company's finance team and I earn $85k gross. I want to get a part time job where I work 3 days a week to get health insurance and spending money. I think Starbucks or Costco. I'd like to let my $500k grow to $1m in about a decade, then completely stop working. Why? Because 4% @ $1m will be enough to cover health insurance and spending.

My other idea is to get contract finance jobs where it's only a 6 month term, make $25k to cover spending + health insurance, then I have 6 months off.

I think I'm ready. I want to quit. I have my resignation letter typed up. I'm so scared. My plan is quit, decompress for a couple months, then go visit India for a month (I haven't been there since we left when I was 3 years old) then maybe start looking for part time work. Like I said, I have $50k liquidity set aside to last me a couple years.

I'm going to think more over the weekend then quit on Monday.


Edit to add: I've been reading all the replies. Thank you taking time out of your day to comment. After reading all the input, I'm convinced I should not quit on Monday. I will take advice here to try extra hard to find part-time work. I guess many of you are right - 20 hours at Starbucks would probably feel just as shitty as 20 hours in a finance job, except I would get paid 4x more at the finance job. I don't know. I realize I should think much, much more before quitting this thing.

 

Response

Isn't it possible to get a part time job in the field you specialize in? I don't think working at Starbucks will be relaxing at all.

A financially independent guy I know got a job at a florist shop last June, not really to earn money but to "meet people". Instead, a few clients insulted him without any real reason and he resigned after two weeks of working there. He has not worked at all since then and is travelling instead.

In my opinion, in all these jobs that anyone can do some people will treat you as junk, because they will judge from your position that your social status is low. That's how people are constructed, unfortunately.

 

OOP Comment

Yes, I actually worked there from the ages of 18-20 and thinking back, I enjoyed it so much more than my current desk job. The time seemed to fly by because we were always doing something. I'm contrast, it's Friday here at work and I've been staring at the clock waiting for 5pm with not much to do. I could be doing anything, but I'm here in a cubicle pretending to look busy for the next 5 1/2 hours.

 

OOP Comment I Like

I was looking for comments like "you're insane and dumb to do this because of x y and z"

No job will ever make me happy. I like painting but don't want to paint commissions for people. I just don't want to sit somewhere for hours a day as a job. I'm happy just waking up, gym, tv, meet friends for a drink, netflix, bed. And going on a trip here and there. That would be my dream life.

I feel weird saying this but I'm happily free of any aspirations

 


 

Update: I'm the woman who wanted to quit my finance job to work at Starbucks - submitted on 26 Mar 2018

I made a post about a month ago about wanting to quit my $85k job, with $500k saved, and my plan was to work part-time at Starbucks to get health insurance. I was wondering if I was insane. I realized, after reading all the comments, that I was a little insane/stupid for wanting to do that. That day, I deleted the Word doc file which contained my resignation letter, and decided to update my resume to look for a new job instead.

The following Monday (the day I originally planned to quit) I got in touch with a prominent employment agency in the area and had a 20 minute talk with a recruiter that afternoon. Within that week, the recruiter got me set up with 3 interviews for various finance jobs in my city. One was part-time and the other 2 were full-time roles that I found interesting because they weren't traditional finance jobs...they were quasi finance/IT roles.

Out of those 3 interviews, I got 2 offers last week - an offer for the part-time job and an offer for one of the full-time positions. I accepted the full-time position. I chose it because it comes with WAY better benefits than my current job, more flexibility in the hours, less over time, work from home 2 days a week, and I also got a salary bump from $85k to $98k.

I'm going to give my 2 weeks notice tomorrow...good riddance. I can't wait to leave this job. I now feel a renewed yearning to work. I'd had it up to HERE with the traditional office environment in my current job and all the crap that comes with working in an office. I realize that's the real reason I wanted to abandon working. I think this job change will make working more enjoyable and I won't be miserable. I'll at least have that pink cloud experience that comes with starting a new job. With my current job, it got to the point where I would start every work day with thoughts like: I don't wanna be here today, this sucks, these cubicles are starting to look more like prison cells, etc.

So that's my update. I don't know if I'll truly be happier with this new gig, but I'll give it a year and who knows...maybe I'll be one of those people that love my job. Maybe I'll still hate working and I'll consider quitting again a year from now. Who knows. I'm pretty optimistic, though. I'd really like to grow my stash to around the $1 million mark in order to RE comfortably without forcing myself to make lattes part-time, for peanuts, just to get health coverage.

Bonus win for me: I selected a start date further out so that I'll have enough time to finish out my 2 weeks, decompress for 1 week, travel for a few weeks (where? not sure yet), then decompress for 2 more weeks before I start working again.

 

Interesting Comment

Jobs like Starbucks represents a common desire for many people who work: Leave the job at the job. Too many jobs require constant communication. Some even demand its employees respond immediately to texts/phone calls after hours and on weekends. My nephew quit an IT job because of that, they were constantly calling him, or sending tasks for him to review late in the evening. Starbucks? Show up, work begins. Leave, work ends. There's comfort in that.

 

Another Comment

Congrats!

The "Barista-Fire" thing is always total shit to me, seems like it comes from folks who never worked a shit retail food service job and think it must be fun to make no money to get yelled at by entitled shits all day while having the privilege of cleaning up messes and having shit spilled on your clothes and shoes.

 

Reminder - I am not the original poster.
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Posted by4 days ago

My girlfriend and I recently started a drink business and participate at local fairs serving patrons who partake. I’ve been responsible for buying supplies, prepping the ingredients for the drinks, renting transportation, driving to events, brand design, holding inventory etc. Early on she was a key figure in getting us our first slew of gigs, getting a commissary, handles our social media, and at the events she serves the drinks while I collect the money. Lately she's taken a step back on everything outside of serving at the events. Accounting, packing and prep work, contracts, all falls on me. She's basing everything on the very inception vs. the current.

As of late she now is demanding not just a piece but half of the company due to her early contributions and “coming up with the idea” of starting the business. From my point of view there really isn’t any value in the company as we just started a few months ago. The company obviously isn’t profitable in this short span of time and I myself haven’t made a dime. She sees ownership as a way to “protect herself”. How? I’m not really sure.

I honestly started this more so as a low pressure side business and a way to spend time and have fun with her. I also didn’t expect for this question to spring up so early in the business. In the beginning she agreed to just help out and didn't want nor care for ownership. The company just started and is a little far off from turning a profit. It’s a two man business at the very least so with that in mind she’s using that as leverage on leaving my high and dry. Given all this information I was just wondering what would be the ideal solution

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