Can’t be bothered with work any more

Brenster

Great thread, in a similar position and at a similar age, however my pot is mainly tied up in my business (£1m+) and not as much in my pension (i am maxing the contributions, but it is still around the £300k mark).

Myself and those in a similar position must remember how fortunate we are, being in a position of relative financial security, but maybe a decade ahead of the general expected acceptable timescale.  

The decision of jumping ship and regretting it later is a common one i have, i often dream of an easier job / career with less stress, and not being tied to my business, but the fear of leaving a well rewarded job and being my own boss too early, for a lower paid job working for someone is a constant fear that keeps me going.  Growing my pot over the next couple of years, and reducing my working week by 1 - 2 days to allow more of a work / life balance are my targets. 

As others have said, mid-late 40's is too young to not work, especially with children still at school, and most people in this situatiuon will require a level of mental stimulation to keep them sane, therefore a driving job or shelf stacking probably wouldnt suit.

But its a nice dilema to have, lets not forget that !

pterri

Brenster said:

Great thread, in a similar position and at a similar age, however my pot is mainly tied up in my business (£1m+) and not as much in my pension (i am maxing the contributions, but it is still around the £300k mark).

Myself and those in a similar position must remember how fortunate we are, being in a position of relative financial security, but maybe a decade ahead of the general expected acceptable timescale.  

The decision of jumping ship and regretting it later is a common one i have, i often dream of an easier job / career with less stress, and not being tied to my business, but the fear of leaving a well rewarded job and being my own boss too early, for a lower paid job working for someone is a constant fear that keeps me going.  Growing my pot over the next couple of years, and reducing my working week by 1 - 2 days to allow more of a work / life balance are my targets. 

As others have said, mid-late 40's is too young to not work, especially with children still at school, and most people in this situatiuon will require a level of mental stimulation to keep them sane, therefore a driving job or shelf stacking probably wouldnt suit.

But its a nice dilema to have, lets not forget that !

It is a nice problem. I’m knocking on 57 so not ‘too young’ but will need something stimulating, just not work! I wish I did enjoy my work, 60’was my late date and tied into my DB but it makes me miserable to think about it. Also, my deferred pension will rise by RPI (up to 5%) but if I stay it will increase by 1/60 but my base salary is unlikley to increase much (at the top of my pay band and the bands are not increasing with inflation) so I won’t be much worse off DB pension wise. 

Mistermeaner

so update....

Turning a moan into action.

I've got my head round continuing in full time employment so the foreseeable - most likely around 5 years while my big lads make their way through college and uni, with a view to funding each of them to the tune of £500/month + driving lessons and all that other stuff big kids need. I am tentatively looking at other jobs and have a second stage interview coming up but its unlikely i'll move as i am very well paid compared to current responsibilities and have the protection of length of service etc

For finances i've re-done all my spreadsheets etc. - in a nutshell i will continue paying ~30K a year into my pension to stay below the 100K take home pay threshold as i just cant stomach the marginal tax above that. I have set up a standing order to pay £500/month into my S&S ISA and have stopped payments into my LISA. I am intending to pay any bonuses into my S&S ISA as well which should get me to around the 20K per annum allowance. 

Putting these numbers into my spreadsheet I'll be 50 and have around £175k in my isa pots (based on 5% growth), but will also still have about 125K to go on the mortgage so unlikely i'll have enough to just retire then either

Pain in the butt this having to work thing.

Cobbler_tone

kimwp said:

Random47 said:

I've just read the full thread given my insomnia. Pretty much every post on here is a first world problem / solution of some sort. I'm certainly too old for this wellbeing, wokeism, give everybody a cuddle crap. Most workers need to wade through some level or form of the brown stuff, the OP is being paid handsomely for wading through his shade of sht.

To the OP my advice is man up and suck it up for another 5 years, build your out of pension war chest. Clear your mortgage (no one knows what markets or interest rates will do - debt free gives you the freedom from these uncertainties)
You probably don't have time for hobbies, but try joining a library and read a book (or 2) for some mental escapism. Just don't waste the next five years of your life wishing to get through it just so you don't need to work.

Just because you can have a hard time, doesn't mean you should.

A 'hard time' is relative but I have always lived my adult life by this mantra...and use it regularly with direct reports and friends.
If you are THAT unhappy, in work, in relationships, in life...then do something about it or knuckle down. Life is too short to waste energy on things that you can change and certainly too short to waste energy on things you can't. 
Ironically, the younger generation seem to be better at this and one of the reasons you don't get the typical worker staying in a role for long these days.

There are some people in life I refer to as 'drainers', we all know one or work with one.

P.S. Don't go around cuddling people, HR don't like it.

BrilliantButScary

Cobbler_tone said:

kimwp said:

Random47 said:

I've just read the full thread given my insomnia. Pretty much every post on here is a first world problem / solution of some sort. I'm certainly too old for this wellbeing, wokeism, give everybody a cuddle crap. Most workers need to wade through some level or form of the brown stuff, the OP is being paid handsomely for wading through his shade of sht.

To the OP my advice is man up and suck it up for another 5 years, build your out of pension war chest. Clear your mortgage (no one knows what markets or interest rates will do - debt free gives you the freedom from these uncertainties)
You probably don't have time for hobbies, but try joining a library and read a book (or 2) for some mental escapism. Just don't waste the next five years of your life wishing to get through it just so you don't need to work.

Just because you can have a hard time, doesn't mean you should.

A 'hard time' is relative but I have always lived my adult life by this mantra...and use it regularly with direct reports and friends.
If you are THAT unhappy, in work, in relationships, in life...then do something about it or knuckle down. Life is too short to waste energy on things that you can change and certainly too short to waste energy on things you can't. 
Ironically, the younger generation seem to be better at this and one of the reasons you don't get the typical worker staying in a role for long these days.

There are some people in life I refer to as 'drainers', we all know one or work with one.

P.S. Don't go around cuddling people, HR don't like it.

I would term it 'Put up or shut up' and have done the former a few times on the employment front. You have to challenge (scare!) yourself every so often.

Cobbler_tone

BrilliantButScary said:

Cobbler_tone said:

kimwp said:

Random47 said:

I've just read the full thread given my insomnia. Pretty much every post on here is a first world problem / solution of some sort. I'm certainly too old for this wellbeing, wokeism, give everybody a cuddle crap. Most workers need to wade through some level or form of the brown stuff, the OP is being paid handsomely for wading through his shade of sht.

To the OP my advice is man up and suck it up for another 5 years, build your out of pension war chest. Clear your mortgage (no one knows what markets or interest rates will do - debt free gives you the freedom from these uncertainties)
You probably don't have time for hobbies, but try joining a library and read a book (or 2) for some mental escapism. Just don't waste the next five years of your life wishing to get through it just so you don't need to work.

Just because you can have a hard time, doesn't mean you should.

A 'hard time' is relative but I have always lived my adult life by this mantra...and use it regularly with direct reports and friends.
If you are THAT unhappy, in work, in relationships, in life...then do something about it or knuckle down. Life is too short to waste energy on things that you can change and certainly too short to waste energy on things you can't. 
Ironically, the younger generation seem to be better at this and one of the reasons you don't get the typical worker staying in a role for long these days.

There are some people in life I refer to as 'drainers', we all know one or work with one.

P.S. Don't go around cuddling people, HR don't like it.

I would term it 'Put up or shut up' and have done the former a few times on the employment front. You have to challenge (scare!) yourself every so often.

In a nutshell but as a manager I use slightly ‘softer’ language. 

BrilliantButScary

Cobbler_tone said:

BrilliantButScary said:

Cobbler_tone said:

kimwp said:

Random47 said:

I've just read the full thread given my insomnia. Pretty much every post on here is a first world problem / solution of some sort. I'm certainly too old for this wellbeing, wokeism, give everybody a cuddle crap. Most workers need to wade through some level or form of the brown stuff, the OP is being paid handsomely for wading through his shade of sht.

To the OP my advice is man up and suck it up for another 5 years, build your out of pension war chest. Clear your mortgage (no one knows what markets or interest rates will do - debt free gives you the freedom from these uncertainties)
You probably don't have time for hobbies, but try joining a library and read a book (or 2) for some mental escapism. Just don't waste the next five years of your life wishing to get through it just so you don't need to work.

Just because you can have a hard time, doesn't mean you should.

A 'hard time' is relative but I have always lived my adult life by this mantra...and use it regularly with direct reports and friends.
If you are THAT unhappy, in work, in relationships, in life...then do something about it or knuckle down. Life is too short to waste energy on things that you can change and certainly too short to waste energy on things you can't. 
Ironically, the younger generation seem to be better at this and one of the reasons you don't get the typical worker staying in a role for long these days.

There are some people in life I refer to as 'drainers', we all know one or work with one.

P.S. Don't go around cuddling people, HR don't like it.

I would term it 'Put up or shut up' and have done the former a few times on the employment front. You have to challenge (scare!) yourself every so often.

In a nutshell but as a manager I use slightly ‘softer’ language. 

I can be a bit 'blunt', but like you it is a mantra that I have lived by. The approach/language I have used with other people has been person-focussed.