I wrote my resignation letter

A couple of days ago I wrote my draft resignation letter. For those of you that have been paying attention, you know I don’t like what I do. I’ve been trying to shake things up with multiple career switches. But apparently didn’t shake this up hard enough….

I Wrote My Resignation Letter

It is time to take the plunge. It’s time to try the biggest shake up I’ve done in my working life: stop working. I’ve talked about my work ethics before and my lack of motivation, and it’s (finally….. according to Mrs. CF) gotten to the point I don’t want to continue. It simply does not feel right. It’s simply not worth it anymore (not even financially!). It’s time for a change.

I wrote my resignation letter - I Quit

I wrote my resignation letter – I Quit

Change

There will be a lot of change once I quit and on the other side, not much is going to change. Huh? Allow me to elaborate a bit. On the changes front, I’m going to try to be multiple things at the same time:

  • part-time stay-at-home dad (Miss CF goes to school and will go to after-school care for one or two days per week);
  • being a contractor (for our own house to both upgrade and rebuild into two rental units – multi year plan!);
  • entrepreneur (starting my own little side business, fingers crossed & wish me luck!); and,
  • work out more (a lot more! Still want to try an Olympic distance triathlon at some point).

Keep It Steady

But there are also lots of things that won’t really change. Some of the key things that came to mind:

  • we will still try to work out ways to become FIRE (it will just take a bit longer);
  • I’ll continue to blog (perhaps even up the frequency, subject to how the above items will develop); and,
  • the way we live life won’t change either. The way we cook, do holidays (except for the major upcoming one) and how we spend our leisure time are expected to continue unchanged. In short, our expense should not really change much, they should in fact go down a bit due to lower after school care expenses.

Timing

So when is all of this supposed to happen, I hear you ask. The plan is to hand in the resignation letter somewhere in March. Considering we already arranged time off for April-June, and a replacement will be arranged at work, the timing will be right before we take off. Should be smooth sailing for the guys at work anyways.

Why then and not now? We are low on cash and need money for the long trip, upcoming renovation works at two of our properties and a general buffer. By having paid work until April, we should be in a good position. This also will mean that my life as an unemployed (but not early retired yet) will commence late June.

Am I mad?  No idea, but I’m sure looking forward to it!

 

Ideas? Suggestions? Comments?

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45 comments

  1. Good luck Cheesy! I predict after 6 months you’ll be so much happier that you’ll never want to go back to full time work.

    It certainly was that way with me! All the best!

  2. I think this is a great plan! Slightly different but I took 8 months off to do personal projects (not side hustles), visit family, explore coffee shops. Sounds you like have a great plan and did the math.

    1. That’s a very good way to spend 8 months! How was it? Would you do it again (even if not FI)?
      As for doing he math, Mrs keeps on working, no problems here 🙂

      1. I’d totally do it again! Consulting inevitable will have some time off between contracts. I intend on taking a series of planned sabbaticals (mini-retirements). I may not aggressively aim for full FI so sabbaticals would become my version.

        Aside from focusing on family and some travel, one of my favourite activities was sitting in different libraries and coffee shops people watching. The conversations I overheard were fascinating. Anything from life coaches talking strategy with an author, world traveler, non profit strategy etc etc.

        You learn a lot about yourself when you don’t have the standard structure imposed on your time. If you’ve suffered from overwork or not paying enough attention to being a well rounded person (no hobbies), it’ll be a bit of a shock. But it’s a great opportunity to try a bunch of new things, get to know yourself and be pleasantly surprised when you discover a new skill you’re good at.

      2. Thanks for that honest feedback! I have had multiple month long breaks before, it is what got the whole FI things energized. I have no doubt that it’s easy to fill my time and learn new skills. Just need to get out of my comfort zone and try something new on that side hustle/consulting thing.
        Have fun with your sabbaticals!

  3. (Standing up and…) Clap. Clap. Clap. YOU ARE THE MAN, MAN!

    Love your plan and I’m right on your tail. Same routine in mind too – watch the kids a bit, work on houses, blog a bit, work out more and be outside more, and finally, figure out that little slice of side business to fire up. I don’t expect a dull moment in early retirement.

    1. Hello P2F, considering my day time profession is in project engineering, cost engineering and project management, it will be none of that 😉 Would like to do something with personal finances if I can, not sure in what form and how (certain things require certification around here). But I’m also playing around with doing contract work (as in real home improvement contracting), got some time during the holiday to figure it out! Perhaps both?

  4. Wow! Kind of saw it coming at some point, based on your previous posts. I think I can recognise where you are, because I believe I’ve been there before at various stages. Once, I out and out resigned. But I was young, and could afford the consequences, come what may. It was one of the best times of my life, and led me into a massively period of change during the next five or so years.

    The other time I had a lot less security and didn’t enjoy it as much at all. From some perspectives I could say it was a waste of a good 6-month break, because I wasn’t setup psychologically to take advantage of it properly and I failed to do so.

    The sabbatical is a massive life-gift you’re giving yourself. You could also see it as a break away from FIRE. Stay in the job so you can splurge a bit during the sabbatical, because the mind-palace it will give you will help to psychologically sustain you for whatever you do with the next 5-10 years. To me that’s the optimal strategic play.

    Why go nuclear before then? You can still come back from the sabbatical and decide to burn your ships on the shore as a way to impel yourself. On the balance of things I don’t see how doing it before the trip is a wise play.

    My 2 cents.

    1. Man, your 2 cents are good! Appreciate the comment, very motivational! Great to see that you have been in similar situations and both hated and loved it. Mentally I’m really ready for it, and I’m sure its going to be fun. Cheers mate!

  5. Congrats!
    One tip: take some time off (aside from the planned holiday) before you start your business. Recovering from a job you didn’t like (to put it mildly) takes some time and doesn’t go well simultaneously with starting a business. Wait (at least) a month or so and you’ll see you can start with a lot more energy and fun.
    Enjoy and good luck. Looking forward to your blogs.

    1. Definitely will be busy, so many fun things to do! Never get why people think they need a job to fill their available time in life?
      Updates will definitely follow 🙂

  6. That definitely is a big step. But as anyone can read on your blog, you have everything under control and I’m sure that this will work out just fine. And even if it doesn’t you have multiple backups in place.

    Good luck my friend, although you don’t really need it. You guys will be fine!

    1. Not sure if we have everything under control, but we are trying to have most angles covered. But life if bound to get in the way at some point.
      Thanks for the support!

  7. Making the decision is kind of the hard part. I found going through with it easier, although in my case it was just switching to half time. But it was still a big change.

    Hint…… it rocks!

    Congrats man, you’re almost there!

    1. I’m just still very uncomfortable with dropping one income (despite that we can really easily live on one). Pretty much always had two incomes since we are together, feels strange. But it will free up so much time, probably already filled it again with the things I want to do.

  8. Nice steps Mr. CF!

    Still later than expected. I assumed that you would have stopped your job by last December as you’ve planned before.

    I’m not worried about your new life. With the current savings rate, and your education and work experience there are always enough backup possibilities to find new sources of income or work on a freelance base in the future.

    1. Plans were a little in flux by the end of last year, ah well, better late then never!
      I’ve given myself one-two year to get my stuff sorted, if that does not work well, I can always to back to work and race to the FIRE finish line 🙂

  9. Ciao CF,
    Wow that’s a big one! I was in your position in July, when I resigned from my job and decided to take a step into the “unknown”…. All I can say is that at first things seem quite ok, but later you might experience some negative feelings when things don’t go your way (you have to take into consideration that not everything will work out as planned). I can only say to keep strong and keep going for the target that you set for yourself, setbacks are part of the plan and they are there to be overcomed. It seems like you’ve got a lot of ideas going through your head, especially the renovation point is quite interesting (as I am in the process to do that myself too!). On the positive side, the feeling you will get once you’re out of the daily poison that a bad work environment represent it’s just great! 🙂
    Best of luck!
    Stal

    1. Thanks Stal, for both the motivational “speech” and the warnings. Very curious to see how it all goes, but it should be fun most of the times.
      How is your “unknown” working out at the moment?

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