Has anyone walked away from their pharma job in the prime of their career for retire early? My head is all over the place about this. I want out to enjoy an early, long retirement and get away from the micromanaged nightmare this industry has become. I should be fine finance wise.
Walking Away From Pharma at 54
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I think you just answered your own question. What's stopping you?
54 is too young to retire. You have the rest of your life to travel in your 70’s, and 80’s.
Retirement is a financial number, not an age. If you have the money, go for it. No one is promised tomorrow. I see lots of mid 50s friends getting sick with cancer, heart attacks, etc. I say jump when you can and enjoy the hell out of it!
54 is NOT too young to retire! Sounds like you’ve made the most of your 401K, so go for it! Just because you exit the pharma world doesn’t mean you can’t begin a more rewarding journey doing something else. On your terms! Enjoy!
and why do you think they have those health issues?
because they are stressed out of their minds and not eating properly, in my opinion. add a crazy wife or girlfriend in the mix, and you have death.
women don't have the same problems because they are the elite class.
Less stress is the way to go once you hit 40.
Sorry for those men that got married and got a bad deal in life.
Find sanity with less stress.... usually with privately held companies that don't have impossible quotas and unrealistic expectations.
Let's face it...they hire young folks because they get the most utility out of them via low pay and bonus and work them to death.
Young people need to listen up and STOP working and applying to these ungrateful companies that offer you FALSE dreams and just lie in your face everyday
Worse, they make you think you are incompetent with stupid and unfair evaluations.
I hope that people in their youth take and heed and put their work ethic and energy to better endeavors like teaching or nursing or staring a businesses of their own.
Sorry for those men that got married and got a bad deal in life.
Find sanity with less stress.... usually with privately held companies that don't have impossible quotas and unrealistic expectations.
Let's face it...they hire young folks because they get the most utility out of them via low pay and bonus and work them to death.
Young people need to listen up and STOP working and applying to these ungrateful companies that offer you FALSE dreams and just lie in your face everyday
Worse, they make you think you are incompetent with stupid and unfair evaluations.
I hope that people in their youth take and heed and put their work ethic and energy to better endeavors like teaching or nursing or staring a businesses of their own.
I was forced out of my job at the age of 51 and never was able to find any type of decent employment again...
It was rough sledding for awhile, but now I am 61 and comfortably retired out of the nightmare
drug biz...
too bad the world is so fucked now regardless...
congrats.
sometimes you just have to find a way.
life is a bunch of lies for the most part. once you understand that, you are empowered and will make better life decisions.
consuming less is the ultimate victory.
these days, the better advice is to "run as fast as you can" from the pharmaceutical industy.
Walk?
no.
Run?
yes
Got it.
Walking away at 55. Started two businesses with my wife on the side and now our gross annual income is 7 times what I made as a rep. This didn't happen overnight but around 5 years.
The industry locks you in with company pensions, perks, VERY flexible schedule, awards, trips, decent salaries but you have to put up with idiotic useless managers, forced vaccinations, waste of money company meetings, shitty access, obstinate doctors, fat office staff, etc.
It was good while it lasted. Perfect when raising kids but it's a sham now. I would strongly advise having a solid backup plan in addition to your 401K and pension (if you have one) because there may be a reset from this inept regime we have in office now.
I will miss the reps who were cool (some I still call friends) but not the backstabbers. I had three good managers out of the twelve in my career.
Good luck to all. There is a light at the end of the tunnel if you play it right
The industry locks you in with company pensions, perks, VERY flexible schedule, awards, trips, decent salaries but you have to put up with idiotic useless managers, forced vaccinations, waste of money company meetings, shitty access, obstinate doctors, fat office staff, etc.
It was good while it lasted. Perfect when raising kids but it's a sham now. I would strongly advise having a solid backup plan in addition to your 401K and pension (if you have one) because there may be a reset from this inept regime we have in office now.
I will miss the reps who were cool (some I still call friends) but not the backstabbers. I had three good managers out of the twelve in my career.
Good luck to all. There is a light at the end of the tunnel if you play it right
Walking away at 55. Started two businesses with my wife on the side and now our gross annual income is 7 times what I made as a rep. This didn't happen overnight but around 5 years.
The industry locks you in with company pensions, perks, VERY flexible schedule, awards, trips, decent salaries but you have to put up with idiotic useless managers, forced vaccinations, waste of money company meetings, shitty access, obstinate doctors, fat office staff, etc.
It was good while it lasted. Perfect when raising kids but it's a sham now. I would strongly advise having a solid backup plan in addition to your 401K and pension (if you have one) because there may be a reset from this inept regime we have in office now.
I will miss the reps who were cool (some I still call friends) but not the backstabbers. I had three good managers out of the twelve in my career.
Good luck to all. There is a light at the end of the tunnel if you play it right
like most of this.
but, the 401k is easily a scam to separate you from your money. you are relying on not having any economic hardships over decades, and that is silly.
better move is to take that money and invest is a business, not give this money to the financial system, that essentially uses your money against you via the 401k.
its a complex discussion that take much thought and understanding. I was once a huge 401k proponent because of the tax breaks, but now I see things much clearer and see the scam and ponzi scheme that it truly is.
Passive income from rental properties!! Even with prices Sky high, I pull in $5000/month with 5 properties. Sweet Cash !
Walking away at 55. Started two businesses with my wife on the side and now our gross annual income is 7 times what I made as a rep. This didn't happen overnight but around 5 years.
The industry locks you in with company pensions, perks, VERY flexible schedule, awards, trips, decent salaries but you have to put up with idiotic useless managers, forced vaccinations, waste of money company meetings, shitty access, obstinate doctors, fat office staff, etc.
It was good while it lasted. Perfect when raising kids but it's a sham now. I would strongly advise having a solid backup plan in addition to your 401K and pension (if you have one) because there may be a reset from this inept regime we have in office now.
I will miss the reps who were cool (some I still call friends) but not the backstabbers. I had three good managers out of the twelve in my career.
Good luck to all. There is a light at the end of the tunnel if you play it right
Agree with you 100%, we all get so comfortable. Can you give a better idea of what kind of side business you started? I have looked for years to start something up, and don't want to run a brick and mortar style business in this uncertain climate. Thanks in advance!
my carpet cleaning business, with under a 20K investment, garners me about 150k/year net at this point.
You just have to get the accounts and the right equipment/chemicals and someone that wants to work to run it.
if you don't want to do that work, then I would suggest buying a house that you can convert into mutliple studio apartments and rent them out via airbnb....you might get rich quickly doing this in the right market. make sure you can do the airbnb in that community.