Wake Up Call – Is Fear Standing In My Way

There’s a guy in the office whose worked for The Firm for 39 years, he’s been with it man and boy. Let’s call him X, he’s 59 now, working as a project manager, on a project which is basically doomed. The suppliers were screwed down so much on price that they lied about the functionality of the products, and as a result it has no chance of being launched on time. They’ll be lucky if it does anything at all even when it is launched.

X highlighted this, and as a result he’s been shifted to the bench. Don’t be the bringer of bad news, people don’t like it. Last week he wasn’t at work, and we found out why this week. He came in looking a shadow of his former self, apparently having suffered a TIA. Wikipedia doesn’t pull any punches – under treatment there is the stark phrase

TIA can be considered as the last warning.

Last year X discovered he had late diabetes, and generally the toll of working is showing on him. We’ve been getting onto him about it’s time he listened to his doctor and indeed his body, and simply pulled his ticket and left. He’s entitled to within a whisker of full pension, so money isn’t an issue.

The tragedy is, that his whole world-view is associated with going to work. He has interests outside, but he has no vision, no mental model of what his life would mean if he didn’t go to work.

He is holding, ready for the final approach, but has no map, no concept of where he is going to land. And so he fears leaving work, though he doesn’t need the money.

I thought of X as I read McKenna’s book. He needs to take a look at where he is, where he is going, and why the hell he is still working when warning sings are flashing Wrong Way, No Entry, Do Not Carry On. He doesn’t need the money, but something that beggars belief is that he is hung up on it. Yes, his pension is about half his salary. But he’s got no mortgage, he isn’t raising kids, what’s he need all that for. One thing is sure. He’s not taking it with him if the warning signals continue to get louder and one day they stop all of a sudden.

I thought of another guy who I used to work with, in his 50s. He hadn’t progressed as far as he would like, and could be bitter about it. He lived to go hiking with his wife, and was saving massively in AVCs and the like so he could leave early. He was physically very fit – you don’t get to do all that hiking without developing muscles like steel.

He never got there – in his mid 50s the clockwork stopped, and he died of a heart attack.

I would say mental health at The Firm is below average, partly because as an engineering facility it is male-dominated, and partly because its age profile is skewed towards the middle-aged. It can’t hold young-uns because it doesn’t attract many of them in the first place, and it is deskilling so they see a lack of future potential. This isn’t a great problem for HR, as it probably needs to thin out the ranks a little bit more.

Dmitry Orlov - Reinventing Collapse

Looking at it I would say that as people get over 50 they become vulnerable to the stress manifesting as physical ailments. Dmitry Orlov, in his book about the collapse of the Soviet Union said that the 45-60 age group was particularly sensitive to the stress of the loss of meaning and what they had worked for. They would look at what they expected and what they now had, and the fire within their minds would surrender and they’d top themselves.

That’s not unknown at work, though it’s always hushed up – I only heard about it through a guy that worked for me that was in the volunteer first aid service. I’ve never looked at a particular cracked paving slab in the same way after hearing how it got that way.

I thought of X when I read Early Retirement – Is Fear Standing In Your Way. Everything about him is trying to flag him down, his body is telling him that he is running out of road. And yet like a rabbit in headlights, because he cannot see a meaningful life without work, he is frozen in fear despite all the warning lights flashing red. What part of

TIA can be considered as the last warning.

does he not understand…

So often we stay with the tried and tested, either because we lack inspiration to do otherwise, or we fear the unknown. It is sometimes good to be reminded that it doesn’t have to be this way, and the inspirational RetiredSyd did that for me today, introducing me to Early Retirement – Is Fear Standing In Your Way and to Early Retirement Extreme’s The Voluntarily Dispossessed. A reminder of what is wrong about the status quo is neatly summarised in Never Forget.

Sometimes it’s good to come up for air.


Getting on My Bike And Saving Fuel

It stands to reason that if I bike to work I get to save money on fuel, but it’s nice when Quicken backs me up on that 🙂

Quicken chart of spending on fuel over the last 15 months

I spent £600 on fuel over the last 18 months. Unfortunately I hired a car for work this March and I wasn’t smart enough to break out work fuel as a separate category though that was of course reimbursed. This year I spent about £130, minus about £20 for the work trip so I spent about £110 on petrol this year. At last year’s run rate that would have been about £250 so I’m getting reasonably ahead. It also nicely confirms my earlier estimate of about £300 a year as I’m up £140 in half a year. I’m not yet sure that biking is really the frugal thing to do given that I had to buy a new bike for about £270 to get a more upright position so I felt reasonably safe in traffic. That takes me to the break-even point by Christmas. When it comes to staying alive sometimes you have to flex the strictly frugal approach…

On an unrelated note, I absolutely love Quicken and treasure my old Quicken 98 CD. Intuit were absolute jerks when they tried to move it to a subscription model. What, Software As A Service? Do they take us for mugs, and don’t they know that one of the PF axioms is Control And Kill Your Drip Feed Outgoings. They were never going to sell that to their customer base.

I tried Microsoft Money when Intuit got out of the UK and hated it, and MS got out of that game too. There doesn’t seem to be a replacement with the backing of a big software company, nor does there seem to be an open source equivalent I know of. And I’m not trusting all that data entry to some fly-by-night small outfit with a proprietary format, so I just have to hope that future versions of Windows continue to run Quicken 98. It works well for me, but it is kind of disconcerting that if my CD and its copy get toasted my financial history gets lost 😦