I recently left a 400k+ job to work full time on an app addressing this exact problem, despite having a wife, daughter, and Bay Area mortgage . Of course productivity apps are a crowded space but I have a burning need to build the right tool for myself , and I believe might help others.
Remote work has pressed the need for me to improve here since I think I benefited by being in the same room as coworkers and being alone in my home the whole workday has pressed my ability to stay focused.
I struggled with ADHD , but because of past health issues, medication is off the table. Even though Vyvanse was a miracle for focus it caused some serious other problems. And the more I read about psychiatry and psychology the more I’ve gotten excited by lifestyle changes.
One thing I feel strongly about is that productivity tools need to be descriptive, not prescriptive . I’m not a robot, I need to work on what my gut is telling me to work on rather than what some reminder is telling me to work on. But I also need to do work and not scroll Reddit for hours so a tool helps with accountability for that.
I can’t over emphasize how enamored I am with Andrew Huberman Youtube video on the topic. He’s a Stanford neuroscientist with all sorts of suggestions on managing our dopamine levels with techniques like cold water therapy and intermittent fasting.
Social media, including hacker news and excessive email checking, can destroy your motivation if you don’t keep it in check. If you’re struggling with focus you simply have to monitor and moderate these things.
Please email me, username at gmail if this topic is of interest to you.
What I don't understand is that with a $400K salary you should easily be able to retire altogether within a few short years, which should completely solve the productivity issue. You wouldn't even have to dial back your lifestyle too much unless you are currently burning it on Veblen goods.
I'm grateful you are working on the app, however, as that sounds very helpful.
A typical Bay Area mortgage is what, $8k/mo? Add say $2k/mo for health insurance premium close to what a big co would provide. That's $120k/yr plus living expenses (call it $50k). At a 3.5 safe withdrawal rate, you'd need to save about $5mm. If your take home is say 280 of which you're spending 170, that's 110k/yr saved. So almost 50 years of savings, not counting appreciation.
You really don't have to be at the median mortgage when working (or even on a mortgage), or to live in the Bay Area once you've accumulated enough money, or to need 170k per year outside of the crazy places. If you do have a house, you can always sell and bounce.
We could argue semantics or find gotchas but at the end of the day getting paid 250K+ means that you can find financial independence very quickly, and that freedom becomes a choice attainable through some modest amount of diligence and planning over a relatively short period of time rather than an unlikely expectation. Having the most important resource, time, fully at your disposal is an immeasurable boon.
There are many counterarguments regarding work or maybe wanting to buy expensive things and whatnot but the choice is there and any highly paid person can figure out the planning part with maybe less than a week of research.
You definitely need to count that. Even with pretty conservative assumptions, it massively changes the outcomes. For those numbers, and assuming 5% growth of investments after inflation, you can retire in 23.5 years (using https://networthify.com/calculator/earlyretirement?income=28... for convenience).
Speaking from experience, sanity depletes faster than one's retirement account increases with a draining job.
400k in SF is about 260k after taxes. Figuring saving 50% would give 130k/year in savings and an expense rate of 130k/year. At 8.0% returns, it would take 14 years to have enough to withdraw 4%/year match 130k.
Who says you need to match 130k? If you no longer have to work, you no longer need to live in the Bay Area. 70k would be luxurious in a less expensive place, if you take into account that you no longer have to work. Heck even 35k would be paradise. Many earn that while still working.
It's at the extreme end of the scale and will depend on your personality. Keep in mind that with 35K and no professional obligations you can do all of the following easily without any sacrifice in terms of leisure or family time or even energy levels:
- Shop around for healthy food at bargain prices
- Learn how to cook well and make the most of all that food
- Learn and have the time to fix 90% of maintenance issues
- Have the time and energy for sports and exercise
- Can dedicate more time to your family, kids need fewer toys because they have their father or mother back
- Travel for VERY cheap and you now have the time to actually do it at any time
- No longer a need to buy status or social class signaling goods because you no longer need to deal with professional expectations and setting a good impression in the minds of people you don't actually like
- Learn personal finance and your local legal system to maximize every drop
- No longer a need to buy things that make you cope with stress or long hours or even regular hours doing stuff you don't want to do
- As a corollary to the above, fewer risks of health issues, obesity, posture problems, alcoholism or self-medication, sleep disorders, psychological disorders, etc.
- Engage in creative pursuits
- Might no longer need a car in the traditional sense
To me that sounds like a better life than that of 99% of people who have ever lived. Now remember that we are talking about jobs and salaries for which a 4% rule at 70k or more is extremely doable. Which means you can not only have the life I just described but can also pay for your kid's education and the occasional health scare.
Instead of retire, let's say never having to do something you don't want to do (professionally) at which point you don't need productivity boosts. You just do things you'd do anyway. And if you don't do them, were you that interested in it to begin with?
Remote work has pressed the need for me to improve here since I think I benefited by being in the same room as coworkers and being alone in my home the whole workday has pressed my ability to stay focused.
I struggled with ADHD , but because of past health issues, medication is off the table. Even though Vyvanse was a miracle for focus it caused some serious other problems. And the more I read about psychiatry and psychology the more I’ve gotten excited by lifestyle changes.
One thing I feel strongly about is that productivity tools need to be descriptive, not prescriptive . I’m not a robot, I need to work on what my gut is telling me to work on rather than what some reminder is telling me to work on. But I also need to do work and not scroll Reddit for hours so a tool helps with accountability for that.
I can’t over emphasize how enamored I am with Andrew Huberman Youtube video on the topic. He’s a Stanford neuroscientist with all sorts of suggestions on managing our dopamine levels with techniques like cold water therapy and intermittent fasting.
Social media, including hacker news and excessive email checking, can destroy your motivation if you don’t keep it in check. If you’re struggling with focus you simply have to monitor and moderate these things.
Please email me, username at gmail if this topic is of interest to you.