I went to a Coast Guard retirement ceremony recently. I have to tell you, the military really does it right, with all the pomp and circumstance and speechifying and shadowboxes and awards and fancy medals. In contrast, when I told my boss at Lehman that I was leaving after seven years, he said “okay” and I walked out the door.
Best two pieces of advice when I started as a trader: 1) learn to live your salary and save your bonus, and 2) when you decide to get out, make sure you never need to go back. I left the business years ago to spend some time with my little ones. 76 now and still taking on new projects. Don't stop!!
Well written. Chasing after the bunny like a greyhound and come to find out it’s not what you thought it would be. Managing the “now what?” is a tough one.
Here’s to no finish lines. Just keep running!!!!
Love your work Jared.
Loved it. About to be forced into a second act and for some reason I do not fear it. Stupidity? Maybe. Just not going to stress over it. The best is ahead of me.
Inspiring article, but it would be also interesting to see something in the merits of the quiet life. Some individuals have been part of the “rat race” just to realize they derived more joy in having time for friends and family. If people only see value in personal achievements, they can miss out on the joys of being there for their loved ones and building community. I personally think there is more to life than just chasing the next mountain to climb.
Just what I needed to read today - thank you!! I had literally been thinking of that quote (and the entire SSR closing sequence) while driving up to the mountains earlier today...
Good one Jared; just what I needed. Thanks!
My god you are nailing the “life” articles recently. Great transformation/change of style. Really enjoyed these. I also really enjoy the investing advice, but fuck me it’s a breath of fresh air to have life be the center piece
Jared, I’m on my second act after so many yrs managing $. Completely different, very hard but a really satisfying journey right now. Thanks for post and push
Blew my mind
I feel for your friend who just retired, but I also suspect that he will figure out the next phase of his life. It may take a few months or even a year or two, and there may be false starts and dead ends before he gets there, but there are so many options and opportunities out there that he will find something interesting and fulfilling.
At this point, he probably needs some time to decompress, as I would guess that his last phase in the CG was fairly intense (OK actually, his whole career), but he will look around, consider his options and interests, and move ahead. He won't wind up doing what you would do, or what I would do, but I am confident that the next phase of his life will bring him at least as much joy and satisfaction as his CG career has done.
Awesome. Sage advice. Always timely and very upbeat. “Get it right vs. almost right.” William O’Neil,Editor in Chief, Founder, Investors Business Daily.
Even nailed it at 47...
Really liked this.. This is what I have been thinking for last couple of months. Thanks for writing this..
Loved the last Two lines:
But even after you age out of those careers, you have so much wisdom and experience to offer the world.
As Ellis Boyd Redding once said, “Get busy living, or get busy dying.”
Best advice: avoid Wall St in the first place - it's a shithole full of deranged people who can't function in the real world. Life on Main St is 100X better. Also technology will eradicate 99% of finance jobs within 5-10yrs.