The younger generation, particularly those who use TikTok, is going crazy about quiet quitting. The aim of “silent quitting” is to only perform the tasks required of you at work before leaving. Once you leave the workplace, there is no longer Slack, no longer responding to business emails, nothing.
Quiet quitters don’t go above and beyond what is required of them. Instead, they worked for 100% of their income. They have been successful in drawing a clear line between their personal and professional lives.
The people who work 40 hours or less each week are often the quiet quitters! There is a lot less tension when working a single-digit hours day. Everything is OK as long as they don’t whine about why they can’t advance.
Workers’ anxiety has increased as a result of working remotely. And most people find it difficult to say no, especially to a manager who is also looking to advance.
The silent resigning movement can be a blessing in disguise for those of you hoping to reach financial independence sooner! Quitting quietly should also help parents who are concerned about their children’s future.
Some industries don’t Allow Quiet Quitting
In 1999, when I first began working in finance, I put in an average of 60 to 70 hours per week. The hours weren’t fixed. Instead, we laboured nonstop until the majority of the work was completed.
The task was never finished nevertheless because I worked in international equities! My colleagues in Singapore, Taiwan, and Hong Kong had begun to arrive at 7 am their time by the time 7 pm rolled around. I frequently had to stay online till 9 pm to make sure my demands were carried out before I went to sleep. Because I would appear incompetent to my supervisors and clients for another 12 hours if I woke up and my requests had not been met.
I don’t think I ever met a quiet quitter during the two years I worked in New York City. New York City never sleeps because it seems like everyone is constantly working really hard to advance their careers.
Only when I relocated to San Francisco in 2001 did I start to run into more quiet quitters. The workforce in the city appears to be more varied and values habitation. Or perhaps it’s because I made the decision to just widen my network of friends. Whatever the reason, work-life balance is significantly better in San Francisco.
Everything is relative, which is humorous. Some people who move to San Francisco for work from the Midwest will undoubtedly find my city to be quite competitive. My stress level really decreases to approximately a 3 out of 10 in Honolulu whenever I visit my parents, compared to a 5 out of 10 in San Francisco.
Pray for the growth of the quiet quitting movement.
I don’t care about pay hikes or titles any more because I’m a phoney retiree. I ceased caring in 2012, when I was 34. At the same time, I think it’s difficult to fully retire from work, which is one of the reasons I support “fake retirement.” It might be very challenging to decide to merely relax in retirement due to rising costs and seeing your colleagues achieve amazing things.
But more significant than working hard in early retirement is how I can support my two children in thriving in this fiercely competitive world.
Because of technology and improved international economic cooperation, the world is getting smaller. Despite population increase and their purported commitment to teach the entire world, great universities still don’t admit more students. Finding a well-paying, fulfilling work has gotten more difficult. My children do not belong to a minority group that America chooses to advocate for.
I therefore feel a strong need to try and educate my kids as much as I can before they face rejection everywhere.
My three-pronged strategy for supporting my kids entails:
First, offer supplementary homeschooling in subjects including Mandarin, English, math, science, writing, public speaking, entrepreneurship, marketing, investing, real estate, stocks, and general personal finance.
Step #2: Until kids leave home, continue to operate a small business to provide real-time, practical education. The small business also serves as career insurance in the event that they are unable to find employment that would allow them to sustain themselves.
Step #3: Create a portfolio of rental properties so they may gain real estate knowledge, manage the portfolio if they require employment, and have a place to live if they are unable to find employment that pays enough.
Lacking the Luxury of Trusting the System
Fortunately, being an older parent who is self-sufficient financially allows me to spend more time with my kids. We can’t afford to trust the system because I’ve been able to see its flaws since 1999. If you can, relying on oneself is preferable.
Because I went to college, earned an MBA, have time, and enjoy coaching and teaching, completing step 1 shouldn’t be difficult. I would have worked as a professor or a high school teacher in a different life.
Since I’ve been running Financial Samurai since 2009, it will be fun to teach my kids about the world of internet commerce. I’m inspired by my kids to continue Financial Samurai until at least 2042, when my youngest finishes college.
And last, I might add one more rental property to our current portfolio during the following 20 years. I will turn lemons into lemonade by showing my kids how to fix things as they break and need to be fixed. In addition, I will teach my children about leases and the qualities to look for in potential new tenants when there is a tenant turnover.
Have kids if you want your early retirement to have greater meaning! They will consume all of your energy while also inspiring you in ways you never imagined.
But my wife and I might not always be available. Additionally, being a really involved parent might be draining. These insights are what made it feel so nice for both of us to obtain new life insurance policies.
Yes, after 20 years, the majority of parenting is done. However, it would be good if quiet quitting could become widespread enough to lessen parental anxiety.
Two Main Strategies for Success
Working harder than most people is the first step to moving up. You eventually wish that your accomplishments will bring you the accolades you merit. Someone who firmly believes in meritocracy should choose the first option. We all know, however, that structural problems, nepotism, and favouritism can sometimes prevent the best from succeeding.
The second strategy for advancing is to persuade others to exert less effort than you do. The average worker’s stress is reduced by promoting a movement for silent quitters who perform the barest minimum on the job.
For instance, even if they are only allowed to work 8 hours per day, the typical employee may put in 8.5. They feel horrible despite the fact that they are capable of much more. However, if more coworkers start leaving after eight hours, the typical individual will suddenly perform better without having to alter their behaviour!
The primary reason why there are so many of us who feel burnout is that businesses have an ever-increasing need to sell more widgets. Being content with what we have is not the norm in a capitalist world! Money, money, money is what we want most!
The advancement of technology, safety, health, food, and education may all be credited to capitalism. However, a tipping point must be reached. More individuals get overworked and depressed as a result of the pursuit of better, larger, and quicker things.
Other factors for burnout include feeling that your work has little influence and not believing in the company’s objective, in addition to feeling like you are always on call. The good news is that each of the three causes of burnout is combattable.
With quiet quitting, we may establish boundaries between work and recreation. If we want to have a stronger effect at work, we can take on new roles. Finally, we may work for organisations whose missions align with our own ideals. We reduce fatigue if we can identify our Ikigai.
Quitting subtly is self-care.
Students and employees will experience less stress if the bar is lowered with respectful resignation. Better mental health results from less extreme stress that is constant. Heck, why not just retain the bar at its current height instead of decreasing it?
The pandemic made millions of them more stressed. It also caused more of us to doubt our efforts. Do we really want to be improving internet advertising, promoting sugary drinks to overweight children, developing the next addictive cigarette, and maintaining egomaniacs in positions of authority?
Maybe! But many people have made the decision to reconsider their jobs and the relentless grind they entail. It would be fantastic to earn more than $400,000. Yet at what price? Quitting quietly helps employees feel less bad about prioritising their well-being over their work.
Typical manifestations of employee guilt include feeling guilty about using up all of your annual leave or all of your parental leave after having a child. It can be challenging to utilise all of your work benefits when competition is fierce owing to a win-at-all-cost workplace culture.
Video Of Quitting Quietly
Here is a sensationalised example of how LinkedIn employees are happier as a result of discreet resignations. Even with minimal effort, you can enjoy yourself greatly mingling with friends and coworkers. Absolutely free vegan panna cotta!
Since Microsoft purchased LinkedIn in 2016, there is no longer a need to hustle. From a strategic standpoint, you could wish to work for other huge corporations that pay very well but only use a small portion of your expertise. Typically, the more fat there is in an organisation, the simpler it is to simply punch the clock.
You might not have a strong faith in the goals of your business or the influence you have. At least you’ll be able to set boundaries and focus on your side projects, your next bestseller, or spending more time with loved ones.
Quiet quitting will reduce stress for parents as well.
The working parent is one of the groups with the highest levels of stress. Working parents may stand to gain the most if quiet resignation becomes a permanent trend.
Parents won’t have to worry about their kids not receiving straight As anymore. Obtain a B in a topic that your child dislikes? There’s no need to spank!
Kids won’t have to participate in countless extracurricular activities to the point that they nod off in class anymore. There is no longer a necessity to treat cancer in teenagers.
The need for after-school tutors, pricey music and sports classes, buying college officials off, and other things disappear. With all the money saved in this way, a parent’s retirement fund can now be increased.
Parents won’t feel the need to spend a lot of money on college or even college at all because of silent quitting. Because they are aware that many parents will spend anything to ensure their children receive the best education possible, colleges, particularly prestigious private colleges, are succeeding.
But if you read Buy This, Not That, you’ll hopefully realise it’s pointless to pay for education in any way. Instead, based on your household income, the education chapter gives you a foundation for how much you should feel comfortable spending.
Finally, if silent quitting increases, perhaps finding a job will be simpler if you can show that you’re willing to put in only 10% more effort than the norm.
Hard To Take The Risk Of Quitting Quietly Just Yet
Being a silent quitter has the drawback of putting you in danger. The vast majority of people are still eager to put in more effort than is necessary in an effort to advance.
Therefore, doing the bare minimum could be harming your career unless you can plainly see that the majority of your coworkers are not working past 5 pm or not replying to emails on the weekends.
Once you earn a reputation as a slacker or someone who only performs the bare minimum, you are permanently removed from the fast track. Joining a new company is the only way to get back on the fast track.
For your wellbeing, it’s important to work less, but not as little as the bulk of quiet quitters. This calls for acute awareness.
You Have a Reasonable Work Ethic, So Do What You Want.
I went above and beyond the bare minimum because I was aware that I couldn’t continue working a day job till I was 60. Getting in at 5:30 am and leaving past 7 pm was just too difficult. Demands from clients also frequently felt too great.
So I logically worked as many hours as I could stand in an effort to get rewarded and promoted as soon as possible. I calculated that working 65 hours a week on average for 20 years would be equivalent to working 33 years at 40 hours per week.
I was UNLUCKY not to have secured a 9 to 5 job with no stress that allowed employees to quietly resign for 40 years. At the same time, I was LUCKY to have landed a job where performance and pay were highly correlated.
As a result, I was able to leave corporate for good at a reasonably young age by avoiding the silent resigning movement in my 20s and 30s. However, I later learned that early retirement has a lot of drawbacks that are rarely discussed. To organise themselves can require time and effort.
It also seems very fantastic to be able to work for decades in a low-stress position that offers fulfilment and financial security. I just couldn’t find that before I designed my own perfect position at Financial Samurai.
Finally, feel free to put in as much or as little time as you like! It doesn’t matter how your acts turned out as long as you are happy with them.
If you intend to leave your job, discuss a severance package.
Please try to work out a severance package when it’s time to part ways with your employer permanently. You won’t lose anything, and you might even surprise yourself.
You get a great financial buffer from a severance package, allowing you to unwind before choosing your new adventure. If you leave your work, you often lose your right to unemployment benefits and receive no severance pay.
I negotiated a severance package that covered five years’ worth of regular living costs. I was able to travel the world and create Financial Samurai according to my own terms as a result.
If you’re going to leave your job anyhow, you might as well try to make things work out for everyone. You can learn how in my severance negotiating book, How To Engineer Your Layoff.