This is a guest post by Dave, who is also looking to retire no later than 45, but unlike Tim has no kids and doesn’t want any. Dave is from Ontario and is working towards his CGA certification.
I read what I consider one of the most inspiring blogs over the past week. After reading Trent’s Simple Dollar post , I dug in and checked it out, and I was completely hooked. Sometimes I find myself thinking that the Internet is nothing but a huge time-suck, then there are stories like The Dan Plan that provide inspiration and entertainment.
In a nutshell, “The Dan Plan” is one 30 year-old guy’s plan to make the PGA tour as a pro golfer, starting with basically no golf experience. Dan is following the hypothesis put forth by Malcolm Gladwell in “Outliers” and is going to spend the prescribed 10,000 hours training over a 5 year period, with the intention of going through “Q-School” (the PGA tour’s qualification tournament) in 2015. He started in March of 2010 and so far is around 1,500 hours into his practice schedule.
I found the story very inspiring – this guy is essentially taking a leap of faith that he will succeed. He quit his job with approximately 2 of the 5 years worth of capital necessary, hoping (I think) to pick up a sponsor over the two year period. In a similar, but more planned fashion, my goal of exiting the workforce at 45 (13.5 years from now) is taking a similar leap, which is perhaps why I connected so much with Dan’s story.
I would love to quit my job and golf right now – I may even have a bit of a leg up given my 20 years of golf experience, but for me, this would definitely be an “outside the box” adventure – quitting my job in the hunt for a fortune found via professional sports – I live a life that is significantly more planned. I am a gambler, but I don’t really have enough faith in my athletic skill to do this. I do have faith in my ability to amass enough money to (hopefully) allow me to retire early and have enough money to live off of for around 55 years.
While I don’t think I’d leave my job for the off chance of making millions, what I have been contemplating lately is leaving my government job to expand my skill-set through a private sector accounting job. Initially, I would more than likely have to take a pay cut, but I believe that eventually my earnings would be significantly higher than they currently are – my own small-scale “Dan Plan”.
I am very interested to vicariously live through someone my own age carrying out what would be my ultimate dream, to golf every day and eventually make money doing it.
Have you ever taken a significant risk that other people would think was somewhat crazy, but did it anyway? Would you quit your job to try to make a dream like Dan’s goal of making the PGA tour, or something more small-scale like my accounting-job plan?