“Forget You!” MoneyI hesitate to give out universal advice, but I have a concept for you today that applies to just about everyone who is still working. Let’s talk about building up some “Forget You!” Money. Okay, this topic was originally explained to me using a different F word, but we’ll keep it clean.
Regardless of what your retirement goals are, there is a big advantage to aggressively saving while you’re young. It gives you the freedom to eventually work on your terms. Not everyone can make a living doing what they love. That’s a fact. If you’re in a job that you hate, but you’re making a lot of dough – save up quickly. That can help you make the switch to something you like better that may not pay as much.
None of us knows what tomorrow will bring. I love my job and the people I work with. The more I save today, the more flexibility I have to shape the rest of my career the way I want it to. What if Keith (my boss) retires and Erin (the one who runs this place) wins the lottery? It might not be as fun to work here. Or what if my clients all turn into jerks? That would be no good.
Okay, I’ll admit I’m struggling to use myself as an example here. I work for an awesome company and have many clients that I enjoy so much I consider them my friends. You get my drift though. Plenty of people have at least some parts of their jobs that they hate. With a little “Forget You!” Money they can see if they can negotiate a role with more of what they love and less of what they don’t. Or they can go do something else entirely.
It never hurts to have a little extra money in the bank as you navigate through your career.