Steps to Escaping Your Full-Time Job
A few weeks ago I was contacted by a reader of this blog, who asked what advice I had for someone who wanted to give up their full-time career. Nothing gives me more pleasure than to think that the posts here have been some kind of encouragement for this. For semi-retirement is not just advice for teenagers starting out in the world of work – anyone can chuck in full-time work at any stage of their life.
This post is an extended version of my reply.
Before you go ahead and take the glorious step of telling your boss that you’re leaving, it’s a good idea to have put a few things in place. Here’s my suggestions:
Start investigating the creative work for which you have a passion
Do this whilst you are still in your full-time job. Assign to it as many hours as you currently have free, and be disciplined in how you work. (You will need your discipline later, for no one tells you to get on with your creative work.) This is the most important thing to do – if you have an idea of the direction of your creative work when you do hand in your notice, you stand less chance of feeling lost.
Reduce your current expenses
You will soon be living on part-time wages and you need to understand how you are going to do this. If you have a partner or children you will need to discuss with them why you will have less money in the future. (I have explained to my children on a number of occasions that the flipside of not having as much money spent on them as their friends is that I get to spend more time with them. They don’t understand the argument. But they do like me spending more time with them.)
Reducing your expenses is easier than it looks. And when you have creative work that brings you pleasure you find you have less need of stuff that costs money. Creative work gives you a different feeling of status from the one that you take from stuff, but a feeling of status all the same. People admire the choice to control your own time, to live in a way that they view as insecure. (So long as you are working on your projects and not just watching daytime TV.)
Investigate how you will work part-time
It may be possible to work part-time hours at your current job, hours that give you the time you need for your creative work. But if your employer will not allow this, see if you can use the skills you have picked up in your job to work freelance. It may be that you do just a small amount of freelance work to begin with, that you need to supplement with other part-time subsistence work.
If freelance work is not possible, look for other part-time work. Remember it does not have to fulfil you or give your life meaning. It is subsistence work to support your creative work.
Find other semi-retirees for support
You need to associate with like-minded people, either who are interested in the same creative work or who simply understand your reasons for doing what you are doing. I rented a desk space in an artists studio, and these people have become my main inspiration and support. Associating with other semi-retirees who have an interest in living cheaply has the added side-effect of helping you spend less money.
If you have made steps towards these – go tell your boss that you’re leaving…