Tag Archives: Career

Your 2nd-Act Career – Part II

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Last week we shared some of the ideas that came up at a recent “Free at 55” Meetup around the subject of post-retirement careers:  envisioning your lifestyle, knowing both your strengths and your requirements, consulting gigs, overseas teaching assignments, and volunteering.  This week, we continue sharing our members’ ideas around 2nd-act careers, including some ideas that came up at previous evenings.

Take the travel blogger who also finances her overseas travel by doing the research for her children’s books set in foreign lands.  Or the couple who organize small group African safari expeditions that cover the cost of their own participation.

A series authored by one of our Meetup members

A series authored by one of our Meetup members

One idea that garnered a fair amount of attention a our last evening was starting a business, especially a web business that could be managed from anywhere on the planet that has good Internet access.

As with other 2nd-act careers, lifestyle considerations are key.  The trick is to create a business that can succeed with the level of effort you want to devote to it.  Trading a 40-hour a week desk job for a non-stop commitment requiring more than 60 hours a week of your time may not be what you had in mind.  As some of our members shared, it’s relatively easy to end up in this situation.  A bit of reality check may help avoid forging new chains.

One piece of advice was to be sure to tailor services to an audience whose business needs complement your lifestyle needs.  Serving a niche with more laid-back expectations may be the wisest course.  Remember also that you don’t have to do everything well, even within that well-defined niche.  As Tim Ferris and others have suggested, it’s never been easier to outsource the portion of the work that your not prepared to do.

As we heard last week, most 2nd-act careers build on past careers skills and successes in some way.  Look for ways to use the skills you already have and benefit from what you already know.  Last year one of our Meetup members, Elizabeth, told us about her experience as a “retiring” midwife.  She spent many months putting together a polished set of videos on natural childbirth, as well as a workbook and relaxation audios.  By outsourcing the technical work she created a web site to advertise and  sell this educational package.  Since launching, she has been able to bring in enough of an income to allow her to retire, and, as she wrote to me recently, is “now living in sunny Spain 6 months of the year, and loving it.”  Since launching the original site, she has naturally branched out into the post-birth market with a second site: BellyToBabyCoupons.com.

Another Meetup member's information product line

Another Meetup member’s information product line

Elizabeth’s experience underscored an important lesson that we also heard from others who started a  business.  Building a business is a different activity to working in a business.  You need to enjoy the process of building and working on your business.  In Elizabeth’s case, once she had her subject matter recorded in her video-and-workbook package, there wasn’t much “midwifery” left to do.  What there was to do instead was finding new customers – the work of marketing her product.  This meant searching out and acting on opportunities to interact with others in her marketplace, whether affiliates, referrals, or just communities of potential clients.  She reported that the single biggest factor affecting her monthly income was how much marketing she was doing.

Despite the promise of books such as “The 4-Hour Workweek”, most of our members who tried this had found that it took a lot more than four hours a week, especially to get started.  This is not the end of the world, if you are enjoying the time you put into it, and it still allows you the lifestyle you want.  However, some found they’d traded a job they loved for a business full of jobs they hated.  In this case, taking stock and a possible reset may be involved.  Some of our participants were looking at their second or third attempt.

Still, many of us felt there was a lot of potential in a web-based business, whether it be local or international in scope.  Maybe it’s creating events and happenings for your tribe.  Or selling information products such as eBooks, downloadable manuals, videos and podcasts.  There are no end of resources available to help you with this, and, while all of us had some ideas, none of us were experts in this area.

A great resource for a career self-assessment

A great resource for a career self-assessment

And yes, there truly is no end to the assistance that will be offered you if you mention that you’re thinking of starting a business, particularly an Internet-based business.  Some of the offers will likely be fraudulent, and many more bordering on that.  But even after eliminating all the questionable advice, you can still be overwhelmed by all the well-meaning and often quite useful coaches, blogs, sites and systems that offer you a path to business success.  You’ll soon find that you’ll want to pick a few sources that work for you – perhaps they resonate with your background or aspirations – and ignore the remaining 99%.

Perhaps you’ll run into something that really speaks to you.  Recently, I was looking into a program called “How to Start Software and SaaS Companies from Nothing” offered by “The Foundation”.  While I didn’t sign up for their six-month program, I was still able to glean some valuable advice from their website marketing videos.  In addition to offering some concrete examples of how much of starting an Internet business was about the marketing – in fact, the technical work itself was usually outsourced – they pointed to something very important for many of us looking to make something new happen in our lives.  Starting a new career or business will require you to transcend your self-limiting beliefs about money, … or ability, … or any number of beliefs that get in the way of doing something creative, and becoming that 2nd-act butterfly.

Trying out a new career at La Scala in Milan

Trying out a new career at La Scala in Milan

Who knew “retirement” was going to be so much work?

It’s not all bad news, though.  The act of taking on a new challenge of growth may be the very thing that keeps you young and healthy when the calendar suggests you should be losing your edge.

It may also be the opportunity to seek out new social networks as you look for support in making these changes.  Finding them is not that hard.  If nothing else, you can join one of the numerous Meetups devoted to new business success, Internet marketing, or other sorts of “dream building” such as our own “Free at 55” Meetup.

Perhaps you’re on the same path as we and other members of our Meetup.  If so, you’ll:

  • Have a detailed plan for your post-retirement life, captured in a compelling “vision document,” and including detailed budgeting of expected costs and investment income.
  • Create an inventory of past experience and business skills, with emphasis on those you most enjoy using.
  • Connect with others who can support you.
  • Start trying things on.
  • Have a plan, and be persistent.

Finally, don’t forget to enjoy the ride!  Perhaps the most important lesson shared by everyone at the Meetup was that “retirement is not a destination – it’s a journey.”  Your 2nd-act career may be just one of many “second” acts.  It will almost certainly evolve over time.

So when you start “Dancing your 2nd-Act Career”, know that you’ll keep on dancing till the end…

“Dance me to the end of love, dance me to the end of love.  Dance me to the end of love.” – Leonard Cohen

Hallelujah!

More Resources:

I wonder if there's a future in medieval royalty?

I wonder if there’s a future in medieval royalty?

Here a few more resources that came up during our evening:

Dancing Your Second-Act Career

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Dance me to your beauty with a burning violin. Dance me through the panic ’til I’m gathered safely in. Lift me like an olive branch and be my homeward dove. Dance me to the end of love.  –  Leonard Cohen

Our “Free at 55” Meetup has attracted a group of more than 100 lively, adventuresome and interesting people.   We’ve talked and learned about travel, collaborative housing, financing travel, life transitions, and – did I mention it? – travel.  Last month, a dozen of us braved sudden snowstorm to discuss one of our most popular topics:  “After I retire, what will I do for work?”

Like many of us near retirement age, we would have thought this question ludicrous a few years ago.  “What kind of retirement is that if I’m still working?”  But the financial sea change of the last decade led us to new realizations.  We started by coming to terms with the fact that our investments were not going to deliver the kind of sustainable income we’d built our plan around.  Working after “retirement” began to look like a requirement.  For some of us in the Meetup, a supplementary income might not be needed to keep us off cat food – but to finance the international travel experiences we had on our bucket lists, it was essential.

One of the pre-reading assignments for our discussion

One of the pre-reading assignments for our discussion

However, once we begin to accept the necessity of continuing to work well beyond 55 or even 65, we began to see it had many non-financial upsides.  Most of us can expect to live 20, 30, or even 40 years beyond that traditional retirement age.  For a good many of us, a career of some sort will be an essential part of our mental and social life, not to mention a sense of purpose that gets us up in the morning.  For those without financial constraints, volunteering, sports, and hobbies may fill the bill, but for the rest of us, why not do something that also tops up the pension.

So we brought together our dreams, plans, and experiences, as well as our favourite ideas from some of the preparation reading we’d done before the Meetup.  In this post and the next, I’ll offer a sampling of what we shared.

For most of us contemplating second-act careers, the most important advice was to envision your lifestyle, and let that vision drive your career planning.  How are you going to travel for several months out of every year, if you’re chained to a desk with three weeks off?  What many of us are looking for are “lifestyle careers” – determine a desired post-retirement lifestyle, and then find or create the career, business or job that is compatible with that life.

This takes work.  You need to toss out your assumptions about how life “is”, and take a fresh look at how you’d like it to be.  Where do you want to live?  Who do you want to hang out with?  How close do you want your kids, ageing parents, or other family?  How, when, where and how much do you want to travel?  How much are you willing to work?  What kind of daily rhythm suits you?  And how much is all this going to cost, … really?

Determining your post-retirement costs can be challenging, especially if you anticipate a lot of lifestyle changes:  downsizing, empty-nesting, collaborative householding, going rural or even overseas, changing priorities.  Many financial consultants have their own perspectives and agendas, and their well-meaning advice can only take you so far.  At some point, you’ll have to do some research and crunch some numbers:  basic budgeting, rent-buy calculations, cost-of-living differences in your planned new location, expected rates of return from investments or annuities.  Our Meetup participants reported success with two key approaches:  talk to retirees who are similar to you and ask them what they are spending – get a reality check!  And practice living on your post-retirement income – now.

The Ideal Job Venn Diagram, by David Hamil

The Ideal Job Venn Diagram, by David Hamil

Another key piece of the puzzle is what do you really like to do, that you are good at, and that people would pay you for?  For some of us, this has the feel of a second adolescence:  an identity crisis of growing into the “third age.”  We can fall prey to a belief that this “new me” has to be a complete break from the past.  However, the experience of some in our group and of others we read about suggests a different approach:  a repositioning of our lifetime of training and experience in the service of new dreams and goals.  Most likely that “second act” butterfly of a new career is hiding in the desiccating shell forming around the “first act” worm of the old one.

We discussed some ways to leverage our current work experience in the service of a new lifestyle and new goals.  Members shared their research and experience regarding consulting.  Aim for a narrow and well-defined niche;  don’t try to do it all.  Test it out with small companies or non-profits with better work-life balance.  Build off your existing networks.

Some of our group were investigating teaching options: at home, overseas, or online.  These days entire university curricula are being offered online.  Why not your expertise?  People are consulting and teaching skills online that only recently required personal instruction:  learning a language, a musical instrument, or even natural childbirth (as one of our Meetup members is already doing, while living part-time in Spain).  Personal and career coaching is now routinely delivered to international clients via skype and similar technologies.

One of many copies of Michelangelo's work in Florence

One of many copies of Michelangelo’s work in Florence

Becoming a teacher may have other benefits as well.  Keeping your skills up might require some overseas study.  Many foreign universities offer inexpensive room and board to visiting students.  Why not go to Florence for a month – or a year – and study art?  Teaching also offers other potential opportunities to travel.  Besides teaching English as a second language, you might be able to teach a non-work related skill, such as swimming, fundraising, or even cooking.

In the second half of this post, we’ll share some other ideas that our members had about starting a new Internet or other business.  And talk a little about where this journey has taken us so far.  We’ll also explain what any of this has to do with Leonard Cohen’s dancing to the end of love, and include some more resources.

Meanwhile, here are a few to get you started.

Monarch Butterfly Emerging from Chrysalis, by Armon

Monarch Butterfly Emerging from Chrysalis, by Armon

Here are a few that came up during our evening:

And, if you’re already dancing your second-act career, we’d love to see your comments on how you did it.

Till next week… dance me to …

Broken, … or Declaring a Breakdown?

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A serendipitous prod from WordPress has Paul taking a new perspective on an old problem.

Forty years ago, perhaps when I was more impetuous or simply less experienced, I ran for major political office with a fringe party.  We had some good ideas the country needed to hear, but that’s not my focus today.

While speaking at all-candidates’ meetings, or responding to interviewers’ questions, I noticed something very troubling.  Now that I’d put myself forward as “the one with the answers,” I was reluctant to admit that I didn’t have them all.  In fact, I wasn’t even close.  Yet I soon began to speak and answer as if I did.  It was becoming less than OK not to know, not to have it all figured out.  (This realization has been an eye-opener through the years as I’ve watched our political process at work.  I don’t think I was unusual.)

Paul contemplates spilling the beans - or ...

Paul contemplates spilling the beans – or …

I began to notice a few weeks back that I was feeling the same way about this blog.  Having made our declaration about what we were up to, I entangled myself in a pretense that No Pension, Will Travel was unfolding exactly as it should.  In recent weeks, it became apparent that I was shying away from the parts of that declaration that weren’t working so well.  I felt “broken,” and I was resisting it.  This culminated in a case of writer’s block for today’s post.

For the first time, I turned to the WordPress “Daily Post” for inspiration.  There it was: “Breakdown!”  Backed into a corner of my own devising, I had no choice but to tackle this subject.  Having made the decision to proceed, my mind started to turn over once more.

Years ago, I learned of a new way to think about “breakdowns.”  Developed as part of “Conversations for Action” by a Chilean engineer named Fernando Flores, and popularized by Landmark Education, this new context treats a breakdown as something one can creatively declare as an opening to a revised commitment to new, effective actions towards a goal.  Declaring a breakdown becomes the prelude to a breakthrough.  So, instead of hiding my “brokenness,” I’ll declare a breakdown regarding part of our declaration.

While I could declare breakdowns in any of several objectives we’ve set for ourselves, the one I’m focusing on is this:  I have yet to make financially measurable progress towards “post-retirement career options – part-time consulting, telecommuting, and making money from travel.”  The plan that I’ve been working with is focused in the same general areas as this blog, but despite hard work and considerable effort, I’m no closer to a sustainable income stream or “business model” than I was when I wrote Draft 1 of the plan about a year ago.  I haven’t figured out how to be “useful” to the people in my prospective market.  The even bigger breakdown is that I’m broken up about it.  I’m letting it bother me to the point where it’s taken some of the

Not driving Cheryl crazy -- priceless!

Not driving Cheryl crazy — priceless!

fun out of the whole project.  That’s the habit I need to break.  It’s not sustainable!  And it’s driving Cheryl crazy!

So, now what?  I’ve declared the breakdown, and recommitted to the objectives.  Now all that remains is to look for new ways to deal with the issues I’ve identified, and discover new actions to take.  Perhaps I need to develop some tighter focus, eliminate some possibilities, clear away some of the time-wasters and other clutter in my life.  I’m looking at ways to increase my confidence, and push my willingness to take some uncalculated risks.  With a renewed focus on taking actions to deal with the breakdown I’ve declared, a post like this one in my inbox offers me some ideas to pursue.  Having admitted that the way I’ve been “broken” has been generating some marital discord, we’ve agreed to find some more productive ways to work on this “breakdown” together.

Cycling the beautiful Dalmatian Coast of Croatia

Cycling the beautiful Dalmatian Coast of Croatia

As I write these words, I see how past declarations of breakdowns – some made more consciously than others – have led to breakthroughs.  Our “travel crisis” while cycling Provence in the rain led to a decision to put together a group cycle trip the next time;  now we have 16 to 20 friends signed up for a biking trip in Croatia’s Dalmatian Islands next Fall.  Finding our friends feeling despondent about retirement prospects led to our starting a Meetup, which has brought new ideas and friends into our lives.  Running low on friends to hike with led to us joining an outdoor club – and now we hike and bike more than ever – and that’s where we’ve met most of our Croatian cycling travel mates.

Sometimes declaring a breakdown seems to have an almost magical power.

Not two months ago, we were unhappy with the unemployed status of one of our sons, a recent graduate still living at home.  After worrying in silence for some time, I chose to declare a breakdown.  Cheryl and I wrote down very specifically what we were saying wasn’t working, and what we wanted to see happen.  This led to a couple of deep conversations.  Next thing we

Working as a team again - but still atop a volcano!

Working as a team again – but still atop a volcano!

knew, our son had a full-time job, a part-time job, and an unpaid internship in his field.  As I said, … like magic!

Not every project goes like magic.  This income project may take some time.  I may find myself stuck again.  You can bet your car that, as I work on some of these new ideas I’m generating, I’ll once again reach a point where I don’t want to admit that there’s “No Pension and Not Enough Travel.”  If you happen to notice, would you remind me to declare another breakdown?

Postscript: while writing this post, I discovered that Flores’ work on Conversations for Action had been collected into a book:  “Conversations for Action, and collected essays.”  I’ll definitely check it out.  Once more, a breakdown has led me to something new.