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Enroute - How much does a year of happiness cost?
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Enroute - How much does a year of happiness cost?

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  • 1. How much does a year ofhappiness cost?Lily Leung (exploreforayer.com) @lilyleung
  • 2. 2009: I hate my job
  • 3. Monday: Is it Friday yet?Wednesday: Hump Day!Friday: Weekend!Saturday: I wish everyday was SaturdaySunday: Monday tomorrow :(
  • 4. What would make me happier?
  • 5. What would make me happier?More vacation?Less responsibilities?More responsibilities?New boss?Different team?Flexible work hours?More interesting projects?More money?
  • 6. None of the above?
  • 7. Later in 2009... a new job!
  • 8. Later in 2009... a new job!Better titleHigher salarySmarter bossNew things to learn!
  • 9. Things are great again!
  • 10. But... 3 months later...
  • 11. Monday: Is it Friday yet?Friday: Weekend!Sunday: Monday tomorrow :(
  • 12. Two choices:
  • 13. Two choices:1. Make adrastic change2. Same thingover and over
  • 14. ...an exercise in lateral thinking4 Hour Work Week (Tim Ferriss)
  • 15. How much does it cost?Photography coursesWeb coursesTravel to Europe, Asia, Central AmericaMBA, mastersWriting a bookAnd more...
  • 16. How much money do I have?
  • 17. Pursuingpersonalinterests$$ I can/willing tospend
  • 18. One scenario...
  • 19. 7 months in Toronto (remainder of apartment lease)Summer of web design classes (certificate program)1 month in London, UK (visiting a friend)4 months of Southeast Asia (I’ve never been)______________________________________________________One scenario...
  • 20. 7 months in Toronto (remainder of apartment lease)Summer of web design classes (certificate program)1 month in London, UK (visiting a friend)4 months of Southeast Asia (I’ve never been)______________________________________________________Cost =One scenario...
  • 21. 7 months in Toronto (remainder of apartment lease)Summer of web design classes (certificate program)1 month in London, UK (visiting a friend)4 months of Southeast Asia (I’ve never been)______________________________________________________Cost = $25,000, one yearCost =One scenario...
  • 22. One scenario...
  • 23. 7 months in Toronto - $11,000 (rent, bills, living) (savings)Summer of web design classes - $5,000 (RRSP/LLP)1 month in London, UK (visiting a friend) - $1,500 (savings)4 months of Southeast Asia - $7,500 (savings)______________________________________________________One scenario...
  • 24. 7 months in Toronto - $11,000 (rent, bills, living) (savings)Summer of web design classes - $5,000 (RRSP/LLP)1 month in London, UK (visiting a friend) - $1,500 (savings)4 months of Southeast Asia - $7,500 (savings)______________________________________________________One scenario...~ $25,000, one year
  • 25. $25,000... is a lot of money!
  • 26. A large chunk of savingsEats into a condo downpayment$25,000... is a lot of money!
  • 27. But $25,000 is also...
  • 28. Less than I expectedA manageable amountOne year of freedom$25,000 <<< $1 millionThe price of a carNot that much more than living in Toronto for a yearBut $25,000 is also...
  • 29. Am I actually going to do this?!
  • 30. I’m scared.
  • 31. Fears, problems, challenges...
  • 32. I’ll be unemployable (a gaping hole in my resume)Fears, problems, challenges...
  • 33. I’ll be unemployable (a gaping hole in my resume)My boss won’t be happy (=> bad reference for next job)Fears, problems, challenges...
  • 34. I’ll be unemployable (a gaping hole in my resume)My boss won’t be happy (=> bad reference for next job)Colleagues and peers will think I’m crazyFears, problems, challenges...
  • 35. I’ll be unemployable (a gaping hole in my resume)My boss won’t be happy (=> bad reference for next job)Colleagues and peers will think I’m crazyBad financial decision ($25,000 + opportunity cost)Fears, problems, challenges...
  • 36. I’ll be unemployable (a gaping hole in my resume)My boss won’t be happy (=> bad reference for next job)Colleagues and peers will think I’m crazyBad financial decision ($25,000 + opportunity cost)Being alone, lonely... the ugly ducklingFears, problems, challenges...
  • 37. Now what?
  • 38. To be continued...
  • 39. Hint: There’s a happy ending