Sorry for the sad post at this time of the day. I am a new father who has been getting very busy with family/work time lately and depression seems to have gotten the better of me.
For some background, I have always had the entrepreneurial spirit in me and I knew that path was something I loved the most ever since I was a little kid. When I was in college I had a couple of websites I owned that paid well, and that sort of reinforced my sentiment towards building my own business. Now fast forward to this day, where I am 33 years old and have welcomed a baby 3 months ago into this world.
I can clearly see that I enjoy spending time with the little guy but again I feel I am choked because of lack of availability of time to do anything else. I work on a regular Software Engineering job at a big company and I can tell you that I don't enjoy it a single bit. I have had a few side-projects recently and they haven't really grown that much. I have a ton of other ideas written down that I want to execute, however I don't have any more savings than a mere $500k and am not in a financially self-sustaining position now that I have more liabilities than ever. I think I lost the energy to hustle between a dayjob and a side-project as well; I am only able to walk down one of these two paths at a given time. I can imagine these things get really easier if I were single, which at times makes me have second thoughts about the way I've setup my life (getting married + having kids etc.)
I am exhausted with the thought of not being able to pursue a career path that I really love, and it feels like it may only get more difficult say, 10 years later where I might have a lot of money saved.
Honestly I don't know what to do anymore; I wake up smiling at the little guy for the first few minutes and later in the day, the career side of the life kicks in as well. It almost makes me want to end my life. I wanted to see if anyone of you guys have been in similar situations and if I can get some insight into how to deal with the new phase of my life I am crawling through everyday.
Thanks a lot!
That all said, it's completely normal to stress out during life changes. So if this was triggered by becoming a parent, the upset should be a temporary situation that will pass, as long as you get through it in one piece.
The first 0-12 months of parenting is a sleepless job, 12-24 is just slightly better. You may be surprised how much sleep deprivation impacts you, and is a very well known cause for depression. Unfortunately the parenting job doesn't let up and the sleeplessness is required to keep the baby alive. It's not really a pleasant time, but it will make you stronger.
Just consider that this year, and maybe next, aren't ideal times to start an external project. This is time to bond with your wife and baby, it's an internal startup that if executed well has an infinite upside.
In a couple years, you will be able to return to your other projects. Keep in mind what's important now, and know that depression is very common - for both mothers and fathers - after a newborn. Seek counseling if it's seriouse. Otherwise, this too will pass.
Be proud of your choices and congratulations! A family is a wonderful thing.
I'm a software dev with two young kids and I definitely understand where you are coming from. Having kids is so hard and it completely changes your lifestyle. But the way I look at it is this is a season of your life where your time allocation shifts, but there will be other seasons where the allocation looks different. We are both in our 30s and life is long, there are decades of productive time available.
So try to take a deep breath, recognize you have accomplished a lot (including that 500k, that is a big deal) and try to take care of yourself for the sake of yourself and your family.
You can email me at evan058@gmail.com if you ever want to chat.
Feel free to drop me a line. My handle + that email service Google runs.
You have more choices than you think. 500k is a big run way. You could start your own business and sustain a family for a long time ( as long as you can live a low cost life style ). Alternatively you can put your dream on hold, work your day job and focus on your family. The thing that is choking you is the day job. Don't let yourself blame your family they are important and worth it.
If you pick a path some potential options will have to die. This is life. Pick one and run full steam at it. Life will come to another junction and you'll be able to make another choice. Just make sure you back your choice and run with it.
Your family can bring you so much joy and being single in your 30s is harder than you'd think. I did not enjoy it.
Maybe your day job just sucks and you could switch for another good salary?
You certainly can't walk two paths at once ... who can? You might be at a fork in the road or you might just be so tired you are seeing double.
Stop at a rest stop for a while.
Look after your little one, take it easy when you can, and be kind to yourself. All sorts of medical help is available.
Your skills won't go anywhere and your ambition will recover with your energy. Progress need not be linear.
What makes you happy?
It seems like a difficult question, but it's not really. The first answer is usually the right one.
And in this case you already said it, it's your son.
Also $500k is not bad for being 33. 15 years ago in my 30's I barely had $200k. I'm now worth ~$2M without living on a CA salary.
You won't find it this advice here necessarily, but frankly, failure is absolutely okay. It's just what you do with it that matters. Whatever is that you think you're supposed to be good at, or whatever you thought you were supposed to be at your age, I can assure you. It's okay.
Your son will be the most amazing person in your life, and he won't care if you didn't become a billionaire at age 40.
The other good news is this, your kid likely has 4 years before developing permanent memories. So you have a few years to fix your financial situation to get to a place you want to be to spend more time with him.
1. First few months of a newborn are extremely hard. Seek for any help whenever you can. Delegate as much as possible - from cleaning floors to cooking and buying diapers.
Eating well and sleeping as much as you can should be your only priorities (after taking care of the baby).
Career can wait for a few months. Just focus on what is important here and now.
Take unpaid vacation for a couple months or quit the job.
Looks like you can afford it, why then waste your energy on shitty job?
On the positive side just know that it will get better. And this experience will make you tougher and stronger.
2. If there are some psychological issues behind that - invest some time in finding a good therapist.
Not the one who would just drug you, but one, who understands deep mind-body connection and can properly diagnose if you just physically exhausted or have some anxiety-depression disorder to be addressed.
He probably will never have any career expectations of you. He'll probably have parenting expectations of you. So if you want to optimize one of these platforms with him in mind, it'll be easier to focus your energy on the latter.
I had some tough but therapeutic discussions about this with my spouse a long time ago. At the time I was a workaholic. On top of that, I had 5% of your savings and just found out that I lost the client providing 30% of my income. I had just finished a guilt-filled workaholic spree to try to rebuild my clientele and almost wiped myself out. I had kids but no feeling of any reason to live, which I think you understand is pretty jacked up.
I eventually chose to reexamine my work life really thoroughly. My results were showing that it wasn't as important to me as I thought it should be anyway. I hired a business coach to help with that side. And I took all the risks I could with my work life, cutting down my hours and saying yes to more time with family.
Looking back now, I had suffered way too much by having zero boundaries. I think I thought that was a good thing, that I shattered through all of them like the hulk or something. But those boundaries were the line between "healthy, happy" and "good luck with that." it didn't work.
Whatever you decide, hang in there and give yourself time to think it over and plan it out. Make a strategy. You won't need to improvise. You can run tests and see results, find new ways of being and working. Take better care of yourself, look after yourself, no more martyrdom, it doesn't really help.
Any new approach you take is probably going to benefit from your thoughtful side, even just by dint of your posting and writing through it here. It will probably be better for your child as well. Take care.
As for advice, if I could stay at home and hang out with my 18 month old day, I would. Work is overrated.
I'd strongly recommend seeing a therapist. You might also want to see if you can arrange your schedule to get more sleep; I know it might seem counterproductive when you already feel a lot of time pressure, but sleep deprivation is absolute torture and makes everything worse. Getting my daughter on a regular sleep schedule was the single biggest life-satisfaction improvement I've ever experienced.
You can try to return to your former life by leaving the wife and kids and debt behind. You still would need to pay child support.
You could change your debt structure by selling an overpriced home which would allow you to leave your area for cheaper living and remote opportunities at more creative roles.
You could accept this is where you are now and things will slow down. Use the time to dream up ideas of what you really want to be doing. When you get the chance you will just create pieces im short bursts and it will be satifying.
Happiness is determined more by ones state of mind than by external events
Happiness is how we perceive our situation, how satisfied we are with what we have. Our feelings of contentment are strongly influenced by our tendency to compare.
Frame any decision we face by asking ourselves 'will it bring me happiness?' A state of happiness that remains despite lifes ups and downs and normal fluctuations of mood, as part of the very matrix of our life.
Right now, at this very moment, we have a mind, which is all the basic equipment we need to achieve complete happiness
Identify and cultivate positive mental states; identify and eliminate negative mental states.
Second, being a new dad is hard! I’ve been there. Trust me: it’s gets better. This too shall pass.
And if you one day want to start a company, the opportunity will come up. Have faith.
Finally, as one of my good friends likes to say, “When you’re going through hell… keep going.” Sometimes the key is not to overthink things but just to take it one day at a time.
Good luck!
I've seen a friend of mine get up earlier to do side project work while then attending to their child, and perhaps this is a conversation to have with your partner, so you can support each other (carve out some side project time) to continue with that goal too, your partner may also be wanting a bit of time for themselves as well.
Isn't 500k a lot of money? which presumably would give some financial freedom to pursue one's interests.
There is a trade-off in raising a kid but there are certainly rewards to it such as happiness in terms of relationships. But of course, the constraint is that it will limit one's freedom on pursuing own interests.
Reminds me a bit of Paul Lutus[1] who purposefully decided to not get married or have children even though he has a lot of financial resources. His reasoning was that "his ideas are his kids". Basically, kids are people's legacy but for some people, like Isaac Newton, their legacy is their ideas that we've all benefited from.
Anyway, this comment is just to say that I think I can relate to your situation since even though I'm single, I can imagine how being married and having a kid would consume my nights which I normally spend on a side-project.
Btw, youre doing better than most >American households had a median balance of $5,300 and an average balance of $41,600
Seems like you're also from India, $500k in India is actually enough for retirement and that is my goal to achive FI/RE.
1)Sleep Deprivation
2)Lower Emotional, Physical and Mental Resilience due to sleep deprivation
3)Learning a new set of skills (taking care of a child) while being physically, mentally, and emotionally overloaded.
4) Supporting your spouse, who probably has all of above (probably to a much greater degree), plus a hormonal system that is completely out whack.
5)Being on the treadmill of nap/bedtimes times, pooping, diapers, feeding, and translating a lot of crying too what the baby needs.
6)New fights and disagreements at home due to all of the above.
Now is not the the time perform a rational evaluation about your career. To use an Analogy, imagine you find yourself in a burning building. Is that the right time to wonder about your career? No - you need to get out of the building first!!
Somebody already said this, but the first 2 years of a child's life are tough. The first 12 months are the worst. Even when your child reaches the point where they sleep 8 hours without feeding, that still means if they go to bed at 8 they wake up at 4 to eat. So the sleep deprivation lasts well beyond the naive definition of "sleep through the night." When your child sleeps from 8PM-6AM and you can get 6+ hours of uninterrupted sleep, that's when your mental fog starts to lift.
At least for me, I had a child soon after some major or changes in my well-paying job led to me having a horrible manager and even worse skip-level manager. It was awful because I wanted to be a good dad+husband, but dealing with my job situation almost caused an internal panic about my future. I definitely felt trapped.
What I did was basically said "Until the child is 1, forget all this job stuff. If you take your job seriously, your family will suffer. And if you are sleep deprived and cranky, you are not going to succeed at your job. Do you want to fail at your job and as a parent, or just fail at your job for a while" When my child was one, I decided to make that "Until your child is 2, forget your job crap."
I ended up taking the full FMLA unpaid, which probably harmed my career at that job. But given that I didn't like my manager or skip-level, my career was not going anywhere anyway.
When your child is 2.5, you will be sitting at a restaurant and you will be surprised to realize your child wants to eat by themselves and talk to you. At that age, some type of daycare (even just part time) is necessary for them to get the interaction they need and many people in the modern world (a nuclear household) can no longer provide. You'll start having some time and mental space.
At 33, you've got at least 30+ years left where you can choose to be an entrepreneur. Your child will be 1 year old in 1/30th of that.
Finally, one last point. Many moms don't get enough support during this time. But if a mom gets 20% of the support they need, Dads get 0. Only a few people asked my spouse how she was doing and provided emotional support. My wife was the only person who asked me how I was doing. Nobody else did.