I’ve been thinking about fatherhood and my own father/son relationship. When I was young, my father was a comfortably-employed engineer, with two small kids and a house in the suburbs. But he decided that he wanted to go back to graduate school. All of a sudden we were a family of 4 living in a small 2-bedroom apartment with both parents working long hours and still only earning a fraction of the income. But he eventually got his PhD, became a college professor, and I always remembered how he continued working long hours but told me about how it was great because he loved it and he had no boss. Nobody told him when to go to work or what to do on a daily basis.
I understood the autonomy part, but was always bitter about the lack of time he spent at home. Still, he was my role model. So as I went off to college, I pursued the goal of being a professor as well. I did all the right things and got accepted into one of the best engineering graduate schools in the country with a full fellowship, meaning I had full tuition covered plus a small stipend. I was set. I could make him proud… except for the little discovery that I didn’t like doing research.
Dropping out of grad school was one of the more difficult decisions in my life. I felt I was disappointing my father, as I wouldn’t be able to “do better” than him. At least I had employable skills. Still, I was unhappy. That led to starting this blog and learning about how managing your money properly gave you more freedom to do what you wanted. I was afraid, but I still felt I had to switch gears yet again and try something new, and today I work on my own terms and am well on the path to financial freedom and being able to live off investment income.
It took me a while to understand some of these things that my dad’s experiences taught me, but late is better than never. Happy Father’s Day!
- A son always wants to make his dad proud, even if he won’t admit it to anyone including himself.
- Sometimes you just know something is missing, and you have to take a risk. My father quit a safe job and took a long, cloudy road but eventually found the key ingredients to a satisfying career: autonomy, complexity, and a connection between effort and reward.
- Being frugal and having the ability to live well on less money is a skill that allows you the flexibility to take on those positive risks and to weather those leaner times.
- Having a supportive spouse or partner in your life is priceless.
- As a soon-to-be father, I recognize the desire of having your kids exceed your own achievements. However, all I can do is provide them whatever life skills I can, and eventually let go and allow them take their own path. At least, I’ll try.
By Jonathan Ping | Family | 6/15/12, 3:54am