Broke, Unemployed, And Living With My Parents

I moved in with my parents when I was 27. The football wallpaper in my bedroom was gone and the bed was bigger. But it was still the room I slept in for the first 18 years of my life.

While most of my friends were married and starting high-salary jobs after years of graduate education, I was broke, unemployed, and single in a humdrum job market. Options were few.

That’s the way it felt, at least.

Yeah, I had just traveled in Asia and Latin America for 14 months. Then drove a brand new car 8,000 miles around the US and Canada for three months with a vegetarian friend I met in Thailand.

Traveling in my 20’s was epic. I was a better person for it.

But traveling wiped out my cash. I was strapped and needed a stinkin’ job.

Two Questions

When my trip came up in conversation with friends or family back home, everyone asked the same two questions.

  1. What was your favorite place?
  2. What are you going to do next?

That first question was complex. I had just traveled to 20-some countries and probably saw a dozen UN World Heritage Sites. I met interesting people from all over the globe. None of them wanted to talk about my hometown sports teams.

I explored river caves, ancient ruins, great cities, and small towns barely on the map. I swam with pink river dolphins, rode on 22-hour bus rides, made shady currency deals, and was robbed at machete point.

It was an eventful year. Pick one favorite?

After babbling through that answer so many times, I realized nobody really cared what I said. They were more interested in the next question.

What are you going to do next?

You’d think after a year-and-a-half on the move I’d have that figured out… all that free time to come up with my next big idea.

I didn’t. I avoided thinking about what was next. My plan was to move in with my parents to find a job in my hometown, which wasn’t really a plan.

Relative Adversity

Being broke, unemployed, and living with your parents in your 20's would be terrible, right? Well, it's not so bad considering all the low-cost benefits. When I was at home, I didn't realize the great opportunity it was. My resume now had a two-year gap. The job market was still sour from the events of 2001. I was overqualified for poorly paying positions that I couldn’t land.

Interviewing sucked. Potential employers couldn’t fathom voluntary unemployment. My suit was too baggy due to unfortunate 1990’s fashion.

The pre-travel work experience I had was OK. But my three years of IT consulting in D.C. was often irrelevant and not all that impressive to employers in my hometown. My prospects seemed slim.

Dinner conversation is difficult when you’re unemployed and living with your parents.

Mom: How was your day?

Me: Not very good.

Mom: Did you find a job?

Me: No.

Mom: Any prospects? I’m sure something is out there.

Me: Not today. That one recruiter never called back. I turned down that telemarketing gig. 

Dad: You can’t be too picky.

Me: Yeah, well the hour-long drive doesn’t seem worth it. Can you pass the broccoli?

Mom: Are you sure you don’t want any chicken?

Me: I’m not really eating meat right now, Mom.

Dad: You’re not getting enough protein. 

For the record, my parents were extremely accommodating and generous. I’ve always had the luxury of premium-grade family support.

That, in part, is why I went home. I knew I was welcome. It was the free and easy path to get back on my feet. Cheap was my primary language at this point.

The 18-month travel high was over and I was struggling to enter the daily grind of a full-time job and career.

Today, ironically, I’m working my way back out.

March on Washington

The stint at my parent’s house lasted about eight months. I passed the time and made some cash doing temp work.

Spreadsheet and data entry temp jobs were fairly easy to come by. One telemarketing gig was the worst job I ever had and the only job I’ve ever quit.

I earned $8-$14 an hour doing temp work and kept my expenses low. My only fixed costs were a $221 car payment and a steady bar tab.

Job searching is exhausting. A recruiter would call one day with what seemed like the perfect job. I’d rush an updated resume. They’d vanish and never call again.

Or I’d come across a posting that fit my background and spend a few hours crafting the perfect cover letter. Then the company wouldn’t get back to me and I’d find out later that 500 applicants applied.

One employer did reach out to me the first week my resume was posted online. The small company had a position opening in the Washington D.C. area. I lived there after college and would consider moving back since I was trying to search with an open mind.

But the job description was unclear and the hiring company was wishy-washy. I’d hear from them for a couple days, then not again for months.

The company’s customer needed a very specific software skill listed on the bottom of my resume. The competency was so rare that no one in the immediate D.C. area had the skill. Not that it was anything super-specialized. Nobody had the skill because so few organizations needed the software.

The customer was unreliable too. Turns out, multiple approvals and funding requests needed to settle before they could bring me on. The wait was frustrating, but the software was so uncommon that it made the job seem real and legitimate. It only took seven months to materialize.

After months of uncertainty and bad temp gigs, the call finally came through. The company offered me $19,000 above my pre-travel salary to move to D.C. and become a technology specialist.

The offer was bittersweet because it meant leaving my hometown again. This time probably for good. Eight months of spending time with old friends, watching the same old sports teams at the same old bars, made me realize that if I stayed, I was done exploring.

Even though I knew D.C., moving for the job was a big leap. Most of my friends there had left. I moved to a completely new neighborhood with a guy I barely knew and met a whole new group of friends. It was a fresh start.

I was 28 now. Still broke. Still single. But not for long.

Dropping the unemployed and living with my parents gave me life. Moving was still overwhelming, but in hindsight, it opened up massive opportunities.

D.C. is far more connected to the world than my hometown. This allowed me to volunteer with organizations with ties to places I visited, helping to keep the backpacker mentality in me alive. My new friends included former Peace Corp. volunteers and others with similar overseas experiences. D.C. was a better fit.

The Path of Least Resistance to Financial Independence

To my amazement, I’ve remained employed by that same guy that who called me back in the Fall of 2002 with a job possibility in D.C. His company nearly collapsed after the dot-com bust. But it wasn’t dead. I became his second employee and recruited an old colleague to be the third. We’ve grown to nearly 50 employees today.

Despite my loyalty, the company has always been a mediocre employer. As the company grew from nothing, the owner has never invested enough into the company or his employees.

Profit margins are thin.

Benefits are average.

It’s always lacked a long-term strategy.

Almost everyone is replaceable. But I’ve convinced my boss that I am not. And because of this, I’ve asked for received compensation beyond my worth in the open employment market. For this reason, I consider my job to be the path of least resistance (NSFW) to financial independence, for now. As a one-income family of five, the sub-par benefits have finally become motivation to look elsewhere.

Here is the Moral of the Story

When I moved home with my parents, opportunities were everywhere. I just wasn’t looking in the right places. I had more opportunities the day I moved in with my parents than just about any other day in my life. Free roof, free food, reliable internet, car, friends, family, a paid-for education, and I lived in a country made of opportunity.

It was the perfect time to take big risks. I could have started a business, worked for startups, or worked multiple side-hustles to find my way into a career path that excited me.

My time was unlimited. Expenses were minuscule. Nobody relied on me for anything. I was completely free to do whatever I wanted, even with a lack of funds.

But I chose what I perceived to be the easy path, to find a boring job and settle into a typical career path.

Not having a plan was my fault. Maybe I lacked ambition or knowledge. But being relatively young with my life in front of me was a golden opportunity.

Young people have a way of feeling suppressed or lacking opportunities because they’re young. But it’s the complete opposite. Youth is unrestricted freedom and opportunity. It doesn’t fall into your lap. You have to go get it. All too often, people age before they realize it.

Everything turned out well for me. I’m not living with my parents anymore. I met the perfect woman. We married, started a family, and we’re building wealth together. We’re on the path to an early retirement when we’ll explore the world again.

The two-year gap is still proudly displayed on my resume. No mention of travel or spreadsheet temp work. Just “Non-working period”. No one reads that far down anymore.

Read More: The Retire Before Dad Story

Photo Credit: Ryan McGuire via Gratisography

Check out the all-new Recommended and Books pages for recommendations.

15 Responses to Broke, Unemployed, And Living With My Parents

  1. Rich from www.pennyandrich.com February 8, 2017 at 9:14 am #

    RBD — great story — I completely agree that at various points in life we need to seize the day by traveling and taking adventures. In my 20s, I traveled all over with no money and moved to France for 6 months on a whim. I was in Paris on September 11th, which was … transformative, seeing it from another culture. That event made me listen to French radio nonstop, which led to my learning French, which led to my career. Life is funny. I got lucky, but I also wasn’t afraid to take chances. Your boring-ish job will lead to more adventures soon — be sure not to save them all for retirement! Best –R

    • Retire Before Dad February 8, 2017 at 9:34 am #

      Rich,
      My trip began a month before 9/11. I was in a small town in south China. We barely new what happened for hours. Media websites were blocked in China at the time. There were only a few public TVs. It was hard to feel the gravity of the event being so detached. The next day I went kayaking and didn’t think much about NYC and DC. The event certainly changed my travel plans because it made the job market less attractive, so I kept on backpacking.

      Sounds like you had a very similar experience. Glad to hear your travels helped formulate your career. One of the points I sort of wanted to make here is that I kind of wish I would have taken what I learned traveling and turned it into a new career. But instead I fell back to where I was before traveling. Which was the safe route.
      -RBD

      • Rich from www.pennyandrich.com February 8, 2017 at 10:58 am #

        I hear you … I think it takes a lot of luck (in addition to ambition) to translate travel / adventure into career. But it’s true, being broke and unemployed can be an opportunity. A question I ask myself sometimes is what would I do if I got fired tomorrow? Follow my dreams? Work for Vandelay Industries as an importer-exporter? Full-time blogging??

        • Retire Before Dad February 8, 2017 at 11:05 am #

          In general, if I was fired today I think I’d be better off! Maybe that’s a sign I should quit.

          Travel careers and related are easier today with the ease of creating income online. That was possible back in 2002. But you needed more technical experience compared to today. Starting an online biz today is right out of the box and the instructions are free.
          -RBD

  2. Get Rich Quick'ish February 8, 2017 at 10:25 am #

    What a great story. I can see a lot of myself in there, maybe that’s why it’s resonates.

    It’s fascinating that the time when you felt lowest (at home with the folks) is when you had the most freedom and opportunities.

    • Retire Before Dad February 8, 2017 at 11:00 am #

      Ty,
      Yeah it was a dark time. Shouldn’t have been. Hard to see that then but obvious now.
      -RBD

  3. brian503 February 8, 2017 at 10:28 am #

    Great story RDB. I’m sure you don’t regret the gaps years now, but at the time when searching for that job you seconded guessed it. Now fast forward 10-12 years and you are only looking to get back to that point. No reason to look back and have regrets, just move forward and achieve the new goal.

    • Retire Before Dad February 8, 2017 at 10:59 am #

      DD,
      The only regret is that I didn’t make better use of my time. For eight months I moped around. If I had eight months of free time like that now, I feel like I could accomplish 100x what I did back then.
      -RBD

  4. Financial Velociraptor February 8, 2017 at 11:54 am #

    Nice! Enjoyed this read. I never have had the travel bug. I did spend a summer in Europe in high school and enjoyed it immensely as I was with a large group. Don’t grok the solo travel thing though.

    • Retire Before Dad February 9, 2017 at 9:00 pm #

      FV,
      I was solo for about half of the trip. Definitely took me out of my comfort zone, but made me a lot more outgoing. When you’re around nobody you know in an unknown place, it’s kind of liberating.
      -RBD

  5. samcodemo February 9, 2017 at 10:08 pm #

    As a grad student currently living with my parents, this was refreshing to hear. At the same time it was a nice kick of motivation for hustling harder in both work opportunities and travel. Incredible to hear about your experiences!

    • Retire Before Dad February 9, 2017 at 11:05 pm #

      Thanks for commenting. It’s not all bad living at home, right? I’m sure school is keeping you busy, but take advantage of the opportunity of having a free roof over your head!
      -RBD

  6. Joe February 10, 2017 at 12:30 pm #

    Thanks for sharing. That’s a great story. I think you’re right about young people having a ton of opportunities. I didn’t understand that when I was young and didn’t take a lot of risk. Hopefully, I can teach my kid to take risk while he’s young. You can screw up and have plenty of time to recover. It’s a lot harder to take risks when you’re 45…

    • Retire Before Dad February 10, 2017 at 12:34 pm #

      Joe,
      Young people probably hear that advice all the time… take more risks while your young. But when I remember back to that age, life seems pretty hard. There’s a lot of pressure to ‘figure things out’, and all that. Plus people with student loans have that to deal with (lucky I did not). Looking back, it’s the time I wasted that really stands out. All that time I wasn’t hustling.
      -RBD

  7. Benjamin Davis February 16, 2017 at 6:09 am #

    Great story RBD. As I said I just found your blog and I will stick around 😉 I agree that we should teach our children to take risks when they are young 🙂

Powered by WordPress. Designed by WooThemes