Summary and main question
Having worked in development for 7 years, reached what I believe to my ceiling, and being unhappy about having too many managerial responsibilities, I am looking to retire early from this line of career.
What should I do once I start living off passive income?
- Start a career in a new space?
- Volunteer?
- Start a new organization?
Background and the plan
I am very privileged person, and around the age of 20, decided to orient my career towards doing the most good I can - not in a probabilistic, NPV kind of way, but based on social and economic development I can see and measure. This led me to set two 5 year plans for my career - the first aimed at acquiring skills in the private sector and building a good resume, then moving over to a social business; the second, to climb the ranks and grow my impact through managerial leverage. I will be reaching the end of the second 5 year plan and another key personal milestone by August 2026.
The results and the problem
My current position is that of an executive managing an organization of 1,000+ employees which delivers $50M a year in measurable impact, growing 20-25% a year.
While not all this impact is attributable to me, I believe this is the most impactful role I may have in my whole life. However, due to my personality type (compassionate, but not empathetic; pragmatic altruist, but not into people directly), I am growing exhausted from managing an organization (people, ugh). I enjoy about 30-40% of my work (strategy, new projects, improving systems) but dislike the rest (hiring, developing, promoting, off-boarding, reallocating people, building alignment, etc.).
One reason why I am growing tired is that I fundamentally do not provide individual contributions anymore. I find myself very excited at the idea of coding a Python script, learning data science, tinkering electronics, and other nerdy things.
Personal situation and opportunity
I was both blessed and cursed by my family situation. By age 25, both my parents and all my grandparents had passed away - leaving my sisters to be my only direct family, but also setting me free and leaving me inheritances worth around $250-300K.
On top of this, I was financially savvy to save and invest, growing my net worth to currently $700K at age 31. Note that I donated very little of all this. At this rate, given my living expenses, I expect to reach my early retirement goal by Jan 1st, 2026 - meaning that I should be able to completely retire and live off passive income from these savings from age 32 until age 85-90. This is factoring in my family choices (married and in a childfree relationship).
This gives me the option to choose what to do with my free time.
Options
I have some ideas, but want to avoid motivated reasoning biases by getting third party opinions early on on what is the most impactful way forward.
Some options considered include:
- Staying in my role or org - or do a lateral switch to a similar org - grow my managerial leverage even further
- There is a material risk that I reach a ceiling where I cannot grow my impact anymore
- I also risk burning out and completely losing my passion for impact, being jaded, etc.
- Career reset - get started in a more sustainable career path, starting at the entry level / individual contributor. Sub options:
- Earning to give eg. data scientist in tech start ups.
- Stay in economic development eg. monitoring and evaluation.
- Volunteering - using my skills to amplify others' impact.
- Starting or joining a new organization - using my skills and some of my stash to start or join an impactful organization
- This could eventually lead me to the same place that I am now, ie. becoming an exec and missing individual contributions.
- Which path is likely to be the most impactful?
- What else do you see?
Please critique my train of thoughts ! I welcome any and all external opinions.
Read some other comments, and career coaching from 80k sounds like a good suggestion!
Some other thoughts: