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The Importance of Job Satisfaction in Pursuit of Early Retirement

Some people are driven to the idea of early retirement because they lack job satisfaction in their career. The pursuit of early retirement without job satisfaction is detrimental to achieving your goal because hating your job hurts your ability to earn more money. Some people are driven to the idea of early retirement because they lack job satisfaction in their career. Working into their 60’s isn’t sustainable.

Unhappiness at work comes in many forms. It could be a negative coworker that makes you dread going to the office. Or the job pays a low salary with few opportunities to earn more.

Long commutes suck the life out of us too.

Financial insecurities at home can also contribute to unhappiness at work. Suffocating student loans or an unreasonable car payment can make you feel trapped because you need the money to pay the bills. Maybe you support a family and leaving a job when there are few opportunities in your town isn’t an option.

I set my goal to retire completely by age 55 back when I was broke, unemployed, and living with my parents. There was no job to hate motivating me to retire early.

My motivation was a positive one, to work toward the goal of extended travel in retirement inspired by the freedom I experienced while backpacking the world.

But after many years of working for the same company, my motivation changed. I wasn’t happy with my career or employer. I wanted to retire early because I didn’t like my job, not because I was pursuing the goal of freedom and travel.

That was an unhealthy state of mind.

Today, I’m much happier with my career and employer, and more grateful after experiencing a period of unemployment. Being happy and enjoying the challenging work makes me excited to go to the office and earn a paycheck.

I’m now working toward my ideal retirement again instead of trying to escape my career.

Having gone through this cycle has taught me the importance of job satisfaction in pursuit of early retirement.

What is Job Satisfaction?

The best definition of job satisfaction I found is the simplest:

The extent to which people like (satisfaction) or dislike (dissatisfaction) their jobs.

Some people truly love what they do for a living. I’m convinced that is a small percentage of the working population.

Most people find a career that best suits their skills and pays an acceptable amount for their time. Work is but an exchange of time for money for many of us.

Job satisfaction takes it to the next level. Does the job provide a reward besides a paycheck? Is the work meaningful? Is the work appreciated by others?

Parts of my old job were rewarding. But I was still unhappy. In hindsight, I realized that my job satisfaction decreased due to two primary factors. Negative people and monotony.

Like any toxic person you encounter anywhere, it’s best to avoid them. But that wasn’t always possible with my situation.

The other negative factor was the repetitive nature of my position. For eight years, I stayed in the same role with little exposure to new challenges.

I was comfortable and content because the work was familiar and the pay was good. But there was a quiet angst detracting from my well-being. Not until I left that position did I mentally turn a corner.

Part of that unhappiness at work led to starting this blog because my job was not personally rewarding. The blog became a creative space for me to experiment with a topic that was more interesting to me than IT consulting.

You’ve got a job but you want a career!

You’ve got a job, but you want a career! Those were the words of a jingle I remember from watching TV growing up. It was for a local technical institute that promised prospective students the chance leave their job for a rewarding career.

I’ve had many jobs over the years:

But only one career:

  • Information Technology (IT) Consultant

When I interviewed for my first IT job at age 23, I didn’t know what IT was. All I had was a finance degree and a disheartening internship experience.

That first job became the foundation for a lifelong IT career even though I was solely focused on saving money to travel in my 20’s.

College degrees and first jobs often dictate a life’s work. But we make those choices at such a young age when we don’t understand the adult workplace.

Jobs come and go. Switching careers is a big deal. They don’t teach you that when you’re choosing a major.

More than a decade ago, I considered leaving my IT career to become a financial planner. Personal finance was my passion and we’re supposed to follow our passion, right?

I began pursuing the CFP certification. Around that time, I received a big raise from my job and used it to justify buying a condo.

The raise confirmed the potential of my IT career. But the condo purchase crippled my cash flow and stifled my lifestyle flexibility.

My monthly housing costs went from $750 to $2,300. I accidentally enslaved myself. The mistake of buying a home when I couldn’t afford it pressured me to abandon my aspirations of becoming a financial planner. That was bad for morale at work.

Job Satisfaction and Early Retirement

During the years of being unhappy at work, Mrs. RBD would remind me it was unhealthy to look for a new job just because I didn’t like the current one. Don’t leave your job because you don’t like it. Leave because you’re excited about what’s next.

A similar saying is true for retirement. Don’t retire from something, retire to something.

Retire because you may have another 40 years to live.

Retire because you can spend more time doing the things you love.

Retire because slow travel is ten times better than week-long vacations.

Don’t retire because you hate your job or career.

Unless you’re within a year or two of your financial independence or retirement goal, being unhappy at work is detrimental to your well-being. Hating your job won’t advance your ultimate objective of saving and investing more money.

Hate may be the impetus to pursue early retirement, but it’s the wrong vessel to get you there.

Instead, find ways to be happier at work. Relinquish your bad attitude. Create new opportunities for yourself. Gain a new skill. Become better at what you do. Build new relationships to help avoid the toxic ones. These actions will lead to more money.

In the meantime, why not start a side business to empower the future you? Empowering yourself with additional income outside of a job can help improve your normal work life because it provides relief from 100% reliance on your job. And it could lead to something.

If all else fails, you can always pursue other employment opportunities. When you do, don’t half-ass it. When the right opportunity comes your way, prepare as if your career depends on it. Change within a career is good.

The pursuit of better job satisfaction is aligned with the pursuit of early retirement. Job satisfaction leads to more daily fulfillment, a positive work ethic, happiness, and ultimately more money to fund your early retirement aspirations.

Ideally, you want to build a career you enjoy so much that you don’t want to leave. That way, when you reach the point when you can retire, you have two good options.

Photo by rawpixel.com on Unsplash


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9 Comments

  1. TheRetirementManifesto says:

    Great advice, RBD. I’ve found a bit of a roller coaster approach to job satisfaction over my 33 year Corporate American career. I’ve learned to not get too excited when things are great, and not got too depressed when they’re not. A simple change in “the boss” can change your world, and nothing stays constant for long. That said, your post is an excellent reminder that our mental perspective can change how we experience our reality, and it’s important to keep a positive attitude and always have options. I’m looking forward to “Running To” retirement in 71 days!

    1. Thanks Fritz… wow, you’re getting close. Exciting times. Seems like your corporate career was a lucrative one. I’m just reentering the office life, this time with a more stable employer. Awesome retirement benefits. So I’m going to max out everything and stick it out for a long as I can. I hope when I’m your age I can retire, but might consider staying. I just learned if I meet my goal of 55 at this company, I can use their health benefits until Medicare. Curious if you have continued health care after you retire. Guessing you’ve written about this I’ll take a look.
      -RBD

  2. Definitely agree. There is no destination in life, only a journey. If your miserable for long portions of the journey what’s the point. Even if you retire at 40 and live to 80 1/4 of your life will be spent working.

    1. True FTF. Good way to look at it. In the past, happiness at work was not a priority. However, now that I’m supporting a family and spent some time unemployed, my attitude has shifted.

  3. This is a really interesting article. Thanks for sharing. For the past 10 years I’ve been working in a career that I (for the most part) really enjoy. I’m self employed and it’s so much better than any job I had previously. But I still look forward to retirement all the time. I’m also hoping to retire around 55 and I want to spend a lot of time traveling after that. For me it’s more about having the option to retire. I get bored really easily so I can’t imagine I’ll actually stop working completely, but I hope to be in a position where I can choose to work on my own terms, not because I have to work.

    1. Hey Marc… I like that goal number 🙂 We may differ in that I would be completely happy not working at all when I retire. I don’t want to travel with a laptop!

  4. Frankie,
    Yeah I think we’re on point. However, I take job security for granted. Living in a place where people with my education level have 2% unemployment, it may not be the same for others in less economically developed areas. It was easy for me to get another job. But other places, or when the economy is in bad shape, not everybody has that luxury. It’s easy to lose sight of how good I have it. The unemployment I just experienced keeps me a bit more grounded now.

  5. That’s a great outlook. It’s best to have job satisfaction especially if you have a long time before FI.
    I disagree with your wife, though. If the job is not good, then just move on. That’s what I should have done instead of sticking it out. It really depends on your location too. My area didn’t have many high tech employee back then.
    People change job a lot more often now and I think that’s okay.