My financial history, and stop whining about your job

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I tell people all the time to change their job if they don’t like it, and people tell me this is totally impractical advice. A lot of people write to me to say that my advice only applies to rich people. Or they tell me that single parents, families living paycheck to paycheck, people in debt, cannot use my advice.

I think these people are in denial. Of course, there are exceptions, but usually these people are really saying that the things they have in their current standard of living are more important than being happy in their job. That’s fine. But don’t complain that the advice doesn’t apply to you. It does. You choose to have an expensive lifestyle instead.

I want to tell you a short history of my financial life. It is so unstable that when I told my brothers that I was writing for Yahoo Finance, they thought it was a joke. And then they got concerned for me that Yahoo would find out the real me, and I’d lose my job.

My bank account looked very good when I was running my own companies. They were well funded, and I extracted a large salary from investors — on top of equity — because it used to be okay to do that. The year my husband and I moved to New York City, I earned more than $200,000.

I had never lived in New York City before. But I had seen photos of John and Carolyn Kennedy coming out of their Tribeca loft, and I figured that’s where I would live with my husband. It was a harsh reality when I discovered that our combined income would need to be in the millions in order to have a loft in Tribeca. So we moved into a one-bedroom apartment in Brooklyn that was so small that I had to buy storage for all my books. And just about everything else, too.

Then the World Trade Center fell. I was there, and my being there changed me and my husband. We both realized we wanted kids right away, and we wanted to change careers: Bye-bye big paychecks.

My husband started volunteering at human rights organizations. I became a freelance writer and had a poverty-level income for New York City. Then we had a baby. I want to tell you that we lived off our savings for a while, but we didn’t. It lasted about nine months in New York City.

That’s when we realized we had to totally shift our lifestyle to accommodate our work choices. We made big decisions. We stopped being friends with people who couldn’t stop ordering $70 bottles of wine at dinner. We didn’t go to the beach because we didn’t have a car to get there, and besides, beach passes were too expensive.

Soon, we found ourselves making almost every decision based on money, and we didn’t want to live that way. So after a lot of research, we moved out of New York City. We moved to Madison, Wisconsin. I write a lot about how we chose Madison, but the bottom line is that we looked for the city with the lowest cost of living that we could be happy in. (Other runners-up, in case you’re interested: Minneapolis, Portland (Oregon), and Austin.)

Once we got to Madison, things changed. Money was not nearly such a big issue. We became more flexible, we have more freedom in our decision making. I’m not going to tell you that Madison is a bastion of culture and innovation. It’s not. But if you want to live in a bastion of culture and innovation, it’ll cost you. In personal flexibility.

If you want personal stability, flexibility to find fulfilling work, and meaningful personal relationships, that’s about as much as you can ask for in life. That’s a lot. All the other stuff is secondary. Great if you can get it, but not as important as this stuff. I am not positive, but I have a feeling that I do not need to live in a major city in order to get these three things.

If you want to have the ability to change careers and quit jobs you don’t like and try out new things, then you might need to make huge life decisions to accommodate that. I have friends in San Francisco who had only one kid so they could afford to keep their low-paying jobs. This is a big decision. I have friends who are moving from the center of Portland to the boondocks of Portland so they can afford for one of them to be a stay-at-home parent.

I’m not saying you have to live in rural Alabama or forgo having kids. I’m saying you need to be an adult, and realize that adults make big decisions. Things don’t just happen to you. You have power to decide what your life will be like.

And if you set your life up so you can’t change jobs, take personal responsibility for that. It didn’t just happen to you. You are making decisions about that.

183 replies
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  1. Lisa
    Lisa says:

    Excuse me, I live in rural Alabama. The cost of living is lower here, and I have no desire to move any farther north.

  2. singapore-seo
    singapore-seo says:

    Wow thanks for the candid post, guess if cost of living is higher in one state, the quick but difficult solution is to move to another cheaper state. I know of folks in Singapore moving out to Australia, or even New Zealand. Not cheaper but just slower. It all boils down to what one wants and how much is one willing to ‘pay’.

  3. Amie Simmons
    Amie Simmons says:

    Just came across this post. My husband and I have been talking about having him switch from a fairly successful career that he does not enjoy to painting as an artist for a living. We just recently had our first daughter and he really wants to be able to stay home with us to help raise her. Our lifestyles will have to change, but we have discussed cutting out things. I think your blog post is a sign. Thanks!

  4. Jonha
    Jonha says:

    Hi Penelope,

    Here are the most powerful words that you said:

    “I’m not saying you have to live in rural Alabama or forgo having kids. I’m saying you need to be an adult, and realize that adults make big decisions. Things don’t just happen to you. You have power to decide what your life will be like.

    And if you set your life up so you can’t change jobs, take personal responsibility for that. It didn’t just happen to you. You are making decisions about that.”

    I always thought it’s difficult to give up on the little good things I have for the better (especially when I don’t see the big picture yet), but it must have been more difficult for you to give up the best things for the good things (which really makes you YOU and happy).

    Jonha

  5. Di
    Di says:

    Great topic! It’s really nice to hear some one in your position make this statement. I tell my friends who complain about jobs or where they live the same thing, including myself sometimes! It’s all about priorities and sacrifices; you have to decide what is most important to you and follow through or stop complaining.

  6. David Birmingham
    David Birmingham says:

    What a fantastic read, My wife and I kinda jumped out of the rat race a few years ago when we decided to have kids. Today we are no where near as well off in fact at times we have to juggle who we pay and who will wait a few weeks but I spend all my time working from home and am watching my kids grow up. Nikki my wife is a stay at home mom and we wouldnt have it any other way. Yes our lifestyle changed big time, not as many take outs, hardly eat out at all now and we dont pop to london for nights out like we used to but it was a decision we have no regrets about.

    I left a very well paid job £70,000 + to follow my passion of photography – I had done it on the side for many many years. Last year was the first year where we almost topped our previous income from photography but then my mum had a heart attach and we moved 150 miles away from where we had built up the business over the past 5 years – we moved back to the midlands to be closer to the family without a second thought and yes we are starting over again.

    This year is going to be really tough with moving and what is happening to the economy but we have decided that family comes first – if all else fails I can always go out and get a job again

    I have to be honest doing it for the second time is harder on the emotions for me and a bigger mental strain as its like a big kick in the teeth but as you said, adults have to make and stand by adult decisions.

    Would I go back and change anything – No

    Do I wish it was easier – Yes

    Do I miss my company car, health, pension, etc – Yes

    So why do it –

    Family ! – and seeing my wife and kids all day, every day.

    dp

  7. benihooja
    benihooja says:

    “I’m not saying you have to live in rural Alabama or forgo having kids. I’m saying you need to be an adult, and realize that adults make big decisions. Things don’t just happen to you. You have power to decide what your life will be like.”

    Like Amie Simmon’s comment, I agree that we all need to be adults and make BIG decisions. We have to know what we want and create our own list of “must haves, no-no’s, and can live with or without”.

    My wife and I made a huge move by relocating and now we’re both very happy running our online business from home – just beside the sea so we can enjoy afternoon surfing with our 5-year old.

    Thank you for your inspiration!

  8. Jenny
    Jenny says:

    Wow, benhooja…I’d like to know your secret. I sure don’t know of any oceanfront (or nearby) properties that the average person can afford these days.

    • benihooja
      benihooja says:

      Hi Jenny:

      We’re average British-Americans and moved from the UK to the idyllic island of Mauritius where there’s a lot of sun!

      It’s no secret really. Couldn’t get anything like this back home :)

      • Jenny
        Jenny says:

        Thanks for explaining that…however it sort of proves the earlier quote about “living in rural Alabama” to afford a certain kind of lifestyle. No knock on Alabama, or Mauritius – just pointing out that, for most folks, it may not be a practical option to move far away to a remote location, no matter how cheap, enticing or filled with beautiful beaches.

  9. Kevin
    Kevin says:

    Hmm, its interesting isn’t it. I’ve done a similar thing – and am now running my own business. The financial benefits are not the same but the way of life is so much better.

  10. KV
    KV says:

    I loved this article. There is nothing wrong with changing jobs, especially one you really dislike. I’ve changed jobs so many times, and my husband could not understand why I just didn’t stay and suck it up because the pay was good; btw – he was with the same company for 16 years before he got laid off!! I say if you aren’t happy, then move on. And, frankly, I don’t want to be in a place I hate day after day after day. Why would you do that to yourself?? Masochism?? Sorry, not for me. There is more to life, than a job and a paycheck, yes, these are VERY helpful to have in this money obsessed world, but at the end of your life it’s your connections w/family and friends that truly matter. Just my opinion, of course.

  11. CArol
    CArol says:

    Sometimes one might have to take a job one does not enjoy as much for some time, jus tto make sure one has financial security. There are so many factors one needs to consider – travel distance, work culture, pay check, work timings and most of all job satisfaction. What happens when one needs to fend for oneself? Money automatically takes prioirty. I love writing, travelling and meeting new people, going to different places. I began as a journalist, writing features and loved the job so much. I have always been afraid of getting into established newspapers, afraid of being tamed or eaten up by big sharks. I have also resented the work schedule, distance from work and pay check. I was very restless working for newspapers and so I moved to corporate writing. I have been unhappy since. I am good at writing and cretaivity though the technical aspects and nitty-gritty and attention to details just gets to me. As I vent my feelings, it feels as if I have the answers. I guess I will be happy writing features, creative writing. I get your point though. It is absolutely important to be happy. Sometimes though one needs to linger in a job one does not like as much albeit putting in their best.

  12. Michelle
    Michelle says:

    I try to tell this to my family all the time. I know I have debts, but I was not happy at my last job. I was treated like crap, even when I returned to work from medical leave, and I was so incredibly happy when I was laid off. I was making $32K/yr, and I know that might not be much but for myself… I was able to live off of it – until I moved out on my own, and found out I couldn’t.

    While I might be back living with my parents trying to pay off these debts, I am now working as a substitute secretary in the a school division and I couldn’t be happier than a pig in mud. Seriously. I might still be on employment assistance and work when ever an assignment pops up, but I am seriously happy. I’m not stressed, I really love what I do and I just really like where I am.

    My family needs to understand that I’m still in university, and I am not at my career yet. I’m not going to kill myself for money… I learned that, and I’m sticking to it.

  13. juli
    juli says:

    i’m fascinated by the fact that there’s hardly any mention of health insurance in all this verbiage. for many americans, the 90-day waiting period for new coverage to kick in is a complete dealbreaker when it comes to job change. even if they can squeeze out the money for three months’ worth of non-generic maintenance medications (a huge chunk in a family where, for example, members suffer from asthma, hypertension, major depression, and autistic spectrum disorders), they cannot risk the ruin that could follow a family member’s suffering a serious accident or diagnosis while uninsured. starting one’s own business is out for such people as well.

  14. Kim
    Kim says:

    Couldn’t agree with you more! I bring home a pretty good paycheck, but have been less-than-thrilled with my job for the past several years. I’ve decided to save $ to return to school to pursue another advanced degree and do a career change. Life is too short to be unhappy at a job and we all spend a lot of time working!

  15. Sonia Winalnd
    Sonia Winalnd says:

    I work in Information Technology during the day and I have seen many companies come and go. My industry is tough enough, but I have learned to adjust my life when my home turned into a (1) income household. Living in California (Silicon Valley) is no joke, and I am still boggled that some people still won’t change and leave within their means. It’s true there are allot of people here that still have a ton of money, but most live in houses they simply can’t afford anymore(you just don’t know it).

    Everyone has to take stock of what is most important in their lives, adjust their spending habits to only what is most important and focus on saving money when necessary.

    Everyday I count my blessings on how grateful I am to even have a job and currently working towards my goal to not work for anyone in the future.

  16. Jen
    Jen says:

    why is it if you choose a family over life style you are being cheap. After having a career, if you can call it that you have to evaluate what is most important to you. Either out earn the problem or decide that the upbring of your children and a common goal with you spouse out ways te other issues. People make excuses and that is sad. This writer did what she preaches and her family will be better for it

  17. Shana
    Shana says:

    I really enjoyed this article. I am 25, recently graduated from undergrad, and thinking about all the choices I have yet to make in life. This article is calming, grounding, and realistic. I appreciate your writing style, Penelope.

  18. Sarah
    Sarah says:

    Reading the words “personal responsibility” has never been so rewarding! Thank you so much for writing this. It is inspiring in a slap-in-the-face kind of way, which is what so many people need. Do you really need that brand new car and those new shoes? To me, living a simpler lifestlye and owning fewer things has always made me feel more at ease.

  19. Paul Armes
    Paul Armes says:

    I never had the balls just to leave my job. I got made redundant, that did two things. Stopped me moaning about having a rubbish job and started me moaning about not having any money!

  20. Sarah
    Sarah says:

    I believe that if people did not tend to live beyond the means necessary to lead basically fulfilling lives, they would also feel free enough to not stay at a job they hate. I had been at a miserable job for almost two years, when I finally decided to quit without another job lined up. I’m not a terribly brave person, nor am I wealthy, but I was able to make the decision with the confidence that I would be able to survive because I had lived well within my means and had not started to incur expenses beyond my student loans. I realize that not everyone has this luxury, but I think more people could. I had no car, no property, no kids, and no credit card debt, so this put me at an advantage. My main expense was rent, and I had always kept this at a manageable rate.

    I was tired of becoming the person who complained about their job all day, so I removed myself from the situation. Granted, the timing of this current economy was a driving factor because I felt that it was the only time in my life where I could take a long time to find a new job without raising a red flag for potential employers. I was without a job for about 4 months before I began some temp work, but I never felt as free as I did without a paycheck coming in. The temp job turned out to be with a great company that values its employees, and it landed me a much higher paying permanent position. Needless to say, I am in a much better place than I was a year ago, without feeling like I had to sacrifice at all. I think many others could do the same if they lived within the means of a salary that was less than what they actually bring in.

  21. Potty Train
    Potty Train says:

    Great post, Penelope. I have recently undergone a major career change and it is always good to connect with folks who have been through this experience. It can help reduce the stress level!

  22. Sussex Wedding Photographers
    Sussex Wedding Photographers says:

    It’s funny because in my trade everyone is complaining about there job right now.

    Despite it being the best job in the world.

    I’m a weding photographer by trade, not by choice…that was pure circumstance but the industry as a whole is changing because everyone has a camera.

    Everyone is complaining about how hard it is to make a living…yet they all refuse to do anything about it. Probably because they got too comfortable in the past.

    For me, I love it. Being a part of a moment so special in someones life is quite amazing and to deliver images they will treasure forever is something unparalleled in the happiness it brings.

    Yet, others in the same industry are refusing to lower their prices, refusing to accept change, yet that change is good.

    I think one someone is in a repetetive routine either physically or emotionally it’s hard to change the behaviour and way of thinking, perhaps exaggerating the problem of accepting change more.

    Great post btw.

    Chris Giles

  23. Bill Kaminski
    Bill Kaminski says:

    Right on! I’ve been stuck in the traditional career path for 20+ years and it’s my fault. I’m finally doing something about it, but I simply wasn’t willing to pay the price or give-up the material things, ha da, ya da, ya da. Bottomline – do your homework, network, etc… but stop complaining and take some action.

  24. Kai
    Kai says:

    I read a comment Posted by Maya on March 19, 2007 at 3:04 pm that said life is not as simple as Penelope makes it out to be…

    HOWEVER Maya, it IS that simple. Your MAKING it hard or MADE it hard seeing that the post was in 2007. The comment nonetheless is still relevant since so many people still think like this.

    I was married and living in an extended stay hotel (lots of money) due to the recession and having been pregnant while my husband struggled to find work.

    I was unhappy with my marriage and unhappy with my living situation. My husband was not living up to his end and frankly, neither was I. No one told me to get married and then have a baby so soon, QUIT my stable job downtown Atlanta, GA and become a full-time domestic right before there was an announcement that we were in a recession. As if working in investments wasn’t a big enough clue that the economy was headed towards hell.

    No one forced me to make any of those poor decisions. Life felt hard but the decisions that I needed to make while living in that hotel were fairly simple.(I thought the decision to leave was pretty tough at the time)

    Taking the kids and moving to Florida with my mom was the only thing I could think of to take the burden off of my husband. I left everything I owned in a storage unit in Atlanta and loaded up my car with the boys in 9 degree weather(one of Atl’s coldest days, EVER)

    To make a long story short my husband lost everything we owned in storage and a week after I got to Florida my Explorer broke down leaving me and the boys stranded at my moms. I was devastated and I’m still getting over losing everything.

    The Big Girl decision that I had to make was leaving Atlanta. See one part of the story I failed to mention was that the stress of what was happening in Atlanta was making my hair fall out and contributed to my sudden weight gain. (more weight gain on top of the weight gain from the baby I just had 10 months prior)

    My cholesterol shot through the roof and being a black woman, I was unfortunately a perfect candidate for diabetes and all of those other ailments that have become an epidemic amongst many ethnic groups especially african americans.

    I strongly dislike Florida and always have as an adult. It’s far too expensive to live here. My mom is very blessed.

    In all, my decision to leave Atlanta was a courageous decision and a huge materialistic risk. Now, I could have kept my job, stayed for fear of my husband being a huge ‘tard and not paying our storage bill and not telling me until a week before the auction OR I could have moved out of that awful situation and gained my sanity back. And most of all, LIVE to tell the story.

    We all have to be adults and grow up. ANYONE can quit their job and do what’s best for them and their family but you have to give some things up. In my case, I quit, forcing me to leave the state all together but it worked out. I HATED my job and I resented my husband.

    The fact that my husband derailed from the plans of finding his family a place so that we could move back have only added to everything. His recent girlfriends can have him!

    I loved my kids more than anything so I chose life.

    What do you chose?

  25. EN
    EN says:

    Just came over here and TOTALLY agree with your post.

    There are always choices. Sometimes the alternative is really unappealing, but every decision to get up and go to work is a decision – and one that you didn’t have to make.

  26. Z
    Z says:

    I’ve wanted to change careers since I was 30. Initially I gave myself my mother’s advice, i.e. “Give it one more chance,” but before 40 I really couldn’t take it and was all set to leave. Got guilted back by family and colleagues who said I couldn’t deprive my current profession of my talents, it was unfair, etc. Now I am 50 and still want to change, am still in love with the field I wanted to move into 20 years ago.

  27. Laura
    Laura says:

    This article is interesting and I agree with the overall sentiment of not living beyond your means and making adult choices to get what you want. However, much of what is written here is too general and dependent on your specific circumstances to really be applicable to everyone or even most people.

    There are always ways to improve one’s circumstances but most of the options you mentioned here are simply not available to the truly poor – those without savings, skills to start a job on the side, money or resources to advance or learn skills, 5$ extra dollars to print out flyers to promote their new business even if they did have skills, proper dental care, luxuries to cut out (seriously, just cut out all my 80$ bottles of wine? Girl, my luxury right now is toilet paper), a full stomach, bus passes, comfortable shoes, a job willing to give them a raise, someone to loan them start up money or take care of their children, knowledge of what options are available to them, resources to help them gain that knowledge etc. etc.

    There are ways to overcome some of these obstacles but your article doesn’t touch on any of them. For those truly bereft, much of your advice here is useless.

  28. Jabed Perves
    Jabed Perves says:

    The guy Is totally right. I agree with the post 100%.

    you may have different choices but only you know what is the best for you. Nobody else can fit it for you.

  29. TB
    TB says:

    This post is what I would call “Chicken Soup For the Upper-Middle-Class Soul.”

    Your advice is frank and useful straight-talk for privileged folks who feel trapped. It’s something many Americans might find valuable if not so easy to hear. You can’t have it all, you have to choose. Awesome. And many people need to hear it – they need to grow the heck up and make the tough choices. Agreed.

    But you seem *fantastically* unable to fathom what it’s like to be really poor. You apparently live so comfortably inside your class and race privilege that you can write these “tough love” sentiments and believe–I can see that you really BELIEVE–that they apply to everyone. You are clearly so committed to this position, based on your responses to the few objections that have been raised, that I’m not even sure that “getting out more” or “educating yourself” as a few people above have advised will do any good.

    I won’t try to change your mind by describing the tough life situations of people I know that disprove your thesis, partly because doing so would go too far toward legitimizing it. Instead, I will suggest that maybe you inquire into the source of your profound investment in believing that all people have a great deal of “choice” about what their lives look like, and in believing that that choice involves things like being able to “change careers” and “pick up and move to another city.” Is it too painful to contemplate an America where some people don’t have these options? Are you so afraid to confront your own white privilege? Maybe you should also consider that the fact that your life “hasn’t been easy” and that you’ve had to make “sacrifices” does not in any way negate your privilege. Everyone’s own life feels real and hard to them – that’s normal and right. But we still all have to be able to recognize our structural position and advantages, and to think critically about them rather than resorting to flaccid and self-satisfied universalizing.

    I am not trying to be harsh. As I said, I really value the things you have written and think they have great value and applicability to many if not most middle-class people. But your bizarre insistence that your proscriptions aren’t class-bound, that they’re essentially “universal”… it seems like you’re smarter, and should know better, so I have to conclude that you have some hang-up about confronting the fact that some people are actually poor, with everything that entails.

    Finally, I just want to say that although, believe me, I would be the LAST person to defend the offensive lady above… despite this, I do feel that the smugness with which you and some of your readers mock her “bitterness” over her lack of options, your blindness to her structural, material realities… I’m not saying change is impossible for her – I don’t know anything about her life. But then, neither really do you. Call out the racism – by all means, call it out. But once that’s done, we might use this as an opportunity to try to think about, and take seriously, the ways in which people’s conditions of capital really can delimit their life options, rather than just mercilessly mock someone’s bitterness over their own personal tragedy of a life.

    Thank you for sharing your experiences, which are doubtless inspiring to many.

  30. Anonymous
    Anonymous says:

    I agree that we have the power to make choices in our life. But at the same time the before taking such a decision we need to think positives and Negatives of that decision. Then we will be in safer side.

  31. Wedding Photographers Surrey
    Wedding Photographers Surrey says:

    This is so true.  I know a couple that upgraded their house recently, they both get paid a LOT of money but then complain all the time that they never see their kids, who are at home with the nanny.  They had the choice and decided to go for the bigger house, so why moan about hating their jobs and not seeing the kids?  It really frustrates me.

  32. modest girl
    modest girl says:

    Great topic! I myself recently switched career paths in pursuit of true happiness. At some point we must trust in God that we will indeed survive, for He is our Provider (not money or a job)!

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