The First Year Phenomena
The First Year Phenomena
We all have heard of the one more year syndrome. Financially independent individuals with adequate net worth somehow convince themselves to continue in the day-to-day drudgery of their W2 employ. There are many reasons. Sequence of returns risk. The allure of golden handcuffs. The wall of fear. Whatever the excuse may be, many of us are guilty. I sure am.
The business of this blog, at times, is to delve into the why behind my sometimes irrational decisions. The hope is that my folly will be instructive to those either behind or ahead of me in the struggle.
To understand why it is so hard to let go of my current employment status, I thought it prudent to return to where it all started. As another season of my life passes marked by the blaring of the alarm clock every morning at 4:45 am, I have begun to think about where my beliefs regarding work come from. I find myself thinking a lot about the first year phenomena.
I was fourteen when I started my first job. By then, my father had died, my mother remarried, and we moved to one of the wealthiest suburbs in the country. Surrounded by rich kids, I was one of the very few who actually chose to get a job.
So why did I do it?
Ice Cream Castles
My first job was in an ice cream parlor. I can remember entering the back door and punching in. A fourteen year old impostor. I had no idea about ice cream, food preparation , or customer service. That day was a baptism by fire, and my entry into the world of usefulness.
Up to that point, I had never created or produced anything of value. My soul purpose in life was defined by the family that nourished me and the school that taught me. I had no definition outside those fairly circumscribed walls. And yet I yearned.
Not to make money. I don’t remember wanting anything that money could buy. Not for love. I had plenty of love and support at home.
It was purpose. I yearned for a sense of belonging. I wanted a reason. Looking back all these years later, I realize that i was desperately searching for a sense of value. Being just a child, my father’s death left a glaring hole in my psyche. I somehow believed that i was the reason that he left us. Because I was not good enough. As irrational as it sounds now, I remember feeling this way.
To Replace That Which Was Missing
So I focused on achievement. Having a job at such a young age gave me a sense of accomplishment. And when I was good at it, and received all sots of accolades, my pride swelled.
I created a community. A place filled with friends and colleagues. A place where everybody not only knew my name, but knew my value as a hard worker. I walked in the door and was greeted by high fives and relief by fellow coworkers because they realized that the night was going to be that much easier.
It wasn’t about money. I often forgot to pick up my paychecks.
The people I worked besides were not the same rich snooty kids that I went to school with. I was exposed to a whole different world of honest, hard-working, colorful people. They became my friends. My colleagues. My social network to cavort with after closing hours.
And I belonged.
That Which Comes Before
The first year phenomena is my only rational excuse for not pulling the plug years ago. I am connected to work in a way that is much deeper and profound than the electronic transfer of currency that signifies payday. I didn’t start working at the age of fourteen to make money. And I can’t stop at the age of forty-four although I have already accumulated enough.
From that first day, employment has defined my usefulness, created my community, and given me the minutia to engage my overactive thoughts.
I just don’t see myself stopping anytime soon?
Am I crazy?
How about you? What’s keeping you at your job? Do you plan to work post FI?
I don’t think you are crazy at all, Doc G.
You’ve realized that we, as humans, need purpose. It’s the way we are designed. We are also designed to have a community. Work often provides both of these things. I’ll keep working after I hit my FI number for the same reasons, and also because I love what I do (or 80% what I do at least).
Striking a life-work balance is key where you are (and always, for that matter). Make sure that you are taking some time off to do things you really enjoy and spend time with people you love. You have enough now, and so you should enjoy it while you continue to build wealth you don’t need.
TPP
TPP, you hit it on the head. It’s all about balance. This next phase of my life will be an attempt to cleave out of work all those things that annoy me.
My first job gave me a sense of pride as well, and others did too. I’m staying at my job because the hearth insurance, but I’d leave if we had good options elsewhere. I do still want to work and have that sense of pride, but I’d just rather do it for myself. It probably brings even more pride.
Health insurance is a big issue for everyone!
I definitely think you’ve hit on a huge component to the “one more year” syndrome. When we feel fulfilled and VALUED in our vocation, it’s really hard to pull away. I was able to do it simply because I no longer felt valued in my organization as an NP. I am definitely going to look for places where I do feel that I am appreciated for what I am able to do with my skillset but I knew, no matter what the compensation, I could no longer work “there”. I believe there must be other places that will give me that sense of accomplishment. I just have to take a breather, take stock, explore what it is about my work experiences that didn’t fulfill me. I will find the place with the combination of value and fulfillment that you have found.
Kudos to you! Your “one more year” sounds right and it’s wonderful that in not your giving up your position(s) yet, you are giving so much more and and receiving much, other than just financial rewards. I’m looking for that place. I’m determined to find it because I have so much more to contribute to the world as an NP.
One more year is much easier when you work for yourself. You just simply refuse to do those things you don’t like.
The community aspect is very important. Dragon Gal dealt with it when she quit her teaching job last summer. She went from teaching 750 children a week (enrichment teacher), to sometimes seeing only one other person a day (me). I think about that for when I eventually pull the plug on my career. Although a lot of the people I have worked with and built relationships have left my employer, so there is less and less of a community pull. Since I am still working mostly for the health insurance (and some decent international travel opportunities for the project I am on), I try to find ways to make my experience more enjoyable, such as working from home more frequently, and leaving the office earlier than I used to in the past.
Thanks for your thoughts!
-DGuy
Working from home sounds lovely. You have a good outlook.
I always say I’ve set a retirement date not number. Why? I’ll hit that number long before the date but I enjoy work. I plan on leaving only once work becomes a detriment. Ie impedes my ability to manage taxes and do other things I want to do. Since it doesn’t it stays
A wise strategy. My calendar is open. I have no idea when or if I will stop!
When you said the “business of this blog is to delve into the why behind irrational thinking”, it made me think of Prospect Theory and more specifically Loss Aversion.
People value Loss more than potential Gain and as you mentioned losing you community or your sense of purpose weighs more than the potential gain of traveling the world or relaxing on the couch.
Hey Doc Linus. I definitely think loss aversion plays a role!
Hello DocG,
When we reached FI, my husband looked at me and smiled and said “That’s nice honey.” Then he proceeded to work ongoing for the past dozen years. He simply could care less. He has immense autonomy in his career and still strives for mastery in it. But he made sure to be available for almost all of the kids activities even when it involved trading on call days to achieve it. Work is healthy for many people DocG.
Your husband and I are similar!
Just the article I need this morning, DocG. My nephew is going to call me later today to talk about his decision to leave his first job out of college. Ironically, at his young age of 23, he is completely financially independent due to a large inheritance. Yet he has gotten a degree in business and is trying his first job in sales. Your post here gives me a lot to think about asking him. What does he really want in a job? Probably a sense of community and a feeling that he is valued. I’ll bet he feels alone on the road a lot and he’s being pressured by his boss and a coworker who is failing to train him properly.
So, I suspect we leave jobs for the same reasons you’ve listed. That is, when those reasons are failing.
Wow. 23. So young and so much life to live!
Are you crazy? You’re a friggin bull goose loony, but welcome to the club. I started at 11 with a paper route and have had 16 jobs throughout my life that I can remember. Each one taught me something and probably half were entrepreneurial. At 11 I bought the papers for 20 cents per week and had to collect 35 cents. If I got stiffed it came out of my pile. I knew a guy who was the 1966 star baseball pitcher for his high school. I met him when I was ballin a jack hammer in a stone quarry in southern IL. He was going to be that his whole life. He was already done. I quit once at 58 but I wasn’t ready. Still some stuff to do. I quit again at 65 and I’m all done. You’ll know when you’re done. You’ll know because you will start to succession plan. One by one you will kick out the jams. Then someone will stick a fork in you, you’ll get a heart attack or something and you’ll be done. Till then enjoy the drama.
“Bull goose loony” hehe!