Taking Cues From MySpace Tom

Here I am, slowly approaching 4 years of early semi-retirement.  It blows my mind.  I’ve never been a planner in life, especially long term.  After a less than desirable childhood and let’s just call it a slow start, I’ve basically been winging it, doing the best I can day by day. 

I’m not complaining, life is good.  As I write this I’m on a two week hiatus from my part time W2 job, because I can.  My fun business provides me steady income whether I work on it or not. 

This week I went road cycling, rock climbing, standup paddleboarding, mountain biking, trail running, and I even shot some hoops in a nearby park.  I can’t remember the last time I woke to an alarm.

If you catch me bitching kick me in the shin. 

But I’m wondering where it’s all going.  It’s not that I don’t do long term planning, if I’m being honest I actually avoid it.  I even kind of dread the thought of it. 

What would MySpace Tom do in my shoes?

 

The Rise And Fall

Attribution: Mark Skipper from Cambridge, UK, CC BY 2.0, via Wikimedia Commons

Tom Anderson was a computer nerd as a kid, and a damn good one.  In 1985, six years before the world wide web existed, he hacked into Chase Manhattan Bank from his home in California and was the target of an FBI raid.  He was never arrested because he was all of 14. 

Anderson went on to co-found MySpace in 2003.  Though others preceded it, MySpace was the first social media site to really blow up and become part of our collective conscious.  The first one that your parents likely got on. 

In 2005 Anderson sold MySpace to NewsCorp for $580 million.  He stayed on as president, but the job started sucking.  He once said “Before [the acquisition], I could do whatever I wanted. Now it takes more time to get people to agree on things. All the budget reviews and processes. That can be a pain.” 

Yeah Tom, I know.  So he quit in 2009.  Technically he was replaced as president of MySpace but it was clear he was good with that.  He was 38. 

By 2009 Facebook and Twitter were growing fast and MySpace was sliding into obscurity, a has-been.  Tom was gone, and didn’t care.

 

Peace Out

Tom got sick of the bullshit.  He realized he wasn’t having fun anymore, and said peace out.  I know what you’re thinking – sure, that’s easy to do when you’ve already had a $580 million payday. 

Duh… obviously. 

But very very few of us know what it feels like to create something as huge and game changing as MySpace.  If that sounds silly, perhaps you weren’t around or old enough in 2004 to remember what that site did. 

It had 100 million users at its peak.  The people who create massive things like that and gain celebrity usually go on to try even bigger things, because its in their DNA.  Not Tom. 

He realized he won the game, so he stopped playing.

 

Not His Problem

Looking at the story now, it’s natural to question if Anderson saw the big problems of social media looming on the horizon.  MySpace didn’t sell your data, censor speech based on political ideology, or try to influence elections. 

While the likes of Dorsey and Zuckerberg are in endless congressional hearings dealing with the mess they’ve made and the unfixable shit they’ve unleashed on the world, Anderson is living the good life.   

Not his circus, not his monkeys. 

He uses social media very sparingly now, perhaps disgusted like many of us at the toxic shit-shows they’ve become.  But when he does it’s sometimes a zinger.

Take this interaction back in 2012 when he tried to quell the fears of some over a change in Instagram’s TOS:

 

As funny as that is, it was clear even in 2012 that Facebook and Twitter especially were starting to fill up with (or more accurately create) bullies and assholes.  Now we just have outright tribal mobs. 

I’m sure Anderson watched it play out, feeling happier with his decision every passing moment.  

 

Holy Shit, I Won

While contemplating Tom’s story, I realized it’s also mine.  No I didn’t sell a website for half a billion dollars.  But I achieved financial independence more than 6 years ago, and am way beyond it. 

Just as $580 million is more than enough for Tom to live happily ever after, my net worth by all realistic calculations is more than I’ll ever need. 

“When you’ve won the game, you should quit playing”. 

I’m currently playing two games that I should perhaps quit.  I’m working part time at my “real” job, the one I had a successful 25-plus year career in.  And I’m still heavily invested in equities. 

The first game is the one I’m more focused on.  Even though I only work 2 days a week, it’s still work.  When things are going well as they have been lately, it’s okay.  It keeps me engaged in the industry I studied in college and subsequently taught at the university level for 17 years.

And of course there’s the health insurance, which is way better than being on the ACA and a large part of the reason I stay.

But there are still bad days, and plenty of stupid bureaucracy.  Just last week I couldn’t get our buggy HR software to work so I could submit my time sheet.  I had 3 or 4 nasty-grams warning me that I won’t get paid unless I submit my time sheet, and I’ll cause all sorts of hassle for my managers. 

The shit just wouldn’t work.  I wasted a good hour and a half of my life trying to fix the problem.  When I finally got it to work I thought “that was an hour and a half of my time I’ll never get back. Time, my most precious resource…”. 

It left a bad taste in my mouth like I hadn’t had in a while, and I went for a run right afterward to just process the information.  As if the run could get back my hour and a half…

 

My Nagging Bucket List

I’m no longer slaving away hoping for a half-day off, like the target of MySpace’s Tom’s funny tweet above.  But I’m still working 20 hours a week hoping for a few consecutive months off. 

I have lots of bucket list things to accomplish in life that require big chunks of consecutive time off.  I want to hike the Appalachian Trail, ride my bike across the country, and climb a lot of mountains that require weeks or even months of time. 

But I still can’t do those things.  Every time I think of that I also have this voice saying “you’ve won the game…” 

And that brings me back to long term planning.  Maybe I should take my cues from MySpace Tom and just peace out.  I don’t need $580 million, maybe I just need a plan.

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Dave @ Accidental FIRE

I reached financial independence and semi-retired in my mid-40's through hard work, smart living, and investing. This blog chronicles my journey and explores many aspects of personal finance including the psychological and behavioral factors that drive our habits.

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33 Responses

  1. tim says:

    So apart from the health insurance cover Dave, how is your ‘real’ job serving you? Because it must be providing plenty of upside when you’ve won the game but you’re still putting important parts of your life on hold.

    • Dave @ Accidental FIRE says:

      I still like the part of the job when I get to engage with the technology and the science that I went to school for and taught. I couldn’t get that on my own. But slowly over time that joy has continued to wane. You’re correct, I’m playing a game of greyscale and trying to find the best point on it to make a transition, and I suck at that.

  2. Xrayvsn says:

    It is pretty funny that people consider Tom a failure. I would take $580M any day of the week and be called a failure for the rest of my life and laugh all the way to the bank.

    I know I will more than likely end up working more than I have to and die with more money than I need. It is hard not to be too cautious because leaving medicine makes it tough to get back in if things go awry

    • Dave @ Accidental FIRE says:

      I’m more cautious than I need to be, but that comes from my childhood and family history. And I’m constantly trying to break that behavior

  3. Dan says:

    I agree that it is very difficult to know when it is enough. In my opinion, health insurance coverage is just another piece of the “golden handcuffs” that help keep people from leaving their jobs.

    Maybe it’s a mindset shift problem where we in the FIRE community condition ourselves for so long to save, invest, and earn our way to FI but once we get there we have a hard time giving up that mindset. I am still in my wealth building stage and can’t wait to obtain the “FU” money status that you seem to have. How do you change your mindset to actually use that “FU” money to enable you to do your bucket-list things?

    Great post!

    • Dave @ Accidental FIRE says:

      Great point, I think the FIRE mindset is a conservative one in many ways although it could seem opposite. Switch from accumulate to use is going to be harder than I thought.

  4. Stan says:

    If you’ve “made it” then stop. Health insurance for someone your age and a single policy should be affordable if you’ve made it. Say $15k/year at the most. I’m also 4 years into early retirement at 54 but am not a W2 and it’s wonderful. We just returned from hiking in WY and Western SD with our dog. We have also booked a number of European trips and a concert to see Eric Clapton before he decides to hang it up. Time is money. Spend it wisely and if your “job” sucks, get the f$@k out! Volunteer your time back to a community cause. I help homeless Veterans get back on their feet with services and housing outreach. Ok, time to have my coffee on the porch this Tuesday morning. Meeting up with a buddy from my whiskey club to do some pontooning this afternoon. Peace out!😎🙌🏻🥃💪🏻

    • Dave @ Accidental FIRE says:

      Time is money indeed Stan, and everything you say hits home. Every week that goes by I’m leaning more and more towards retiring, but I have some family situations to consider.

      • Stan says:

        Totally get it. Happy to share ideas sometime if you want to connect. Both my sons are up and out of the home with professional careers so that takes a worry burden off ones shoulders fo sho. Cheers to a great adventure.

  5. bill says:

    My spouse became my adventure limiter when my job stopped. Never saw that one coming…

  6. if you ask me these solutions are hard to figure out when you have the paradox of choice. it’s hard to make the move that’s right in front of you. we are in a similar boat but maybe not as comfortably FI as you. hey, right now your body is healthy enough to try and tackle those big expeditions so that has to be a consideration, right?

    • Dave @ Accidental FIRE says:

      the friggin paradox of choice sucks. Great points dude and I think about that alot – I’m still healthy and in the best shape of my life. My body can only continue to beat the clock for so long

  7. I keep juggling the spare time I have now and not try to turn it into too much paid fun work or volunteer work. As for the real work years, yup like you I made smart choices to cash in on the amount I was being paid would be allowing me to live the freedom I have now. I am sure you will find a smart way to navigate this final stretch of your work career into a way that serves you best. Enjoy the rest of the time off and have fun in the outdoors.

  8. Your heart is talking to you. Best to listen.

  9. SharonW says:

    I am a planner, but I had the same problem with inertia. I retired almost 7 years ago after deciding that I wanted to say Yes! to more things in my life. Don’t let the health care piece be the only reason you don’t say yes to your dreams. I do live in Washington State, and our ACA set up is pretty sweet here; they make it easy to sign up, and it turned out to be less costly than my co-pays with my old work plan. Once I gave myself permission to stop working, even without a plan, everything in my life became clear and I knew what I would do. If you wait until you feel like it is the perfect time, it never will be.

    • Dave @ Accidental FIRE says:

      That last sentence belongs on a t-shirt Sharon, well said and thanks for the comment!

  10. Sounds like you are ready to move on and get to your bucket list items with no restraints but just have to make that leap. One of the biggest fears I have on my journey to FI is that when I get there, will I be able to fully detach and start the next chapter. Good luck!

    • Dave @ Accidental FIRE says:

      There’s so much psychology and mental stuff that goes into this… it’s complex. That’s wy I write about this stuff. Thanks Chad!

  11. My husband and I were just talking about Tom from MySpace! It’s the greatest success story of a guy who left at the top and moved on. I left my job as a software engineer nine years ago to become a stay-at-home mom. As much as I felt pulled to be with my children, I had a hard time letting go of my identity at work as well as the parts of the job I enjoyed. Sometimes I still struggle with the notion that I left it all behind, but as you said time is more valuable than money and being with my kids was worth way more than staring at my computer writing code. Your heart is singing to you. If you are skilled I bet you could take a short break and then return if you really miss your job.

    • Dave @ Accidental FIRE says:

      Very interesting that you sometimes still struggle with what you left behind. I’ve written about the identity part of the job before and have more to say on it, but it’s squishy and keeps changing for me. In the end, I fear that struggle that you mention, although it sounds like overall you’re at peace with it and it’s all good. That’s where I want to land, I just need good landing directions… Thanks for the great comment!

  12. Noel says:

    I guess the only thing missing is the larger plan for post work life. If there is no agenda then there’s no rush to quit the job and the health benefits. But if your early retirement plan entails globe trotting and any other form of physical exerting activities I say pull the ejection handle now. Time and age are going to impact you more than a larger dollar value in your account.

    PS I liked the MySpace reference. That was when social media was in its best stage, as you needed a pc to log in. Now it’s too easy to access combined with all that other junk you mentioned.

    • Dave @ Accidental FIRE says:

      Thanks for the input Noel, like Freddy you stressed the physical/health aspect. I sense you both are very correct,

  13. Mr. Fate says:

    You’ll know when it’s time. Seems like you’re leaning in the direction of full retirement, which I can’t say enough about. I worked long after FI, but I fulfilled long-term career goals that I’m proud of. Still, it’s a tough call, I echo Fritz’s sentiment above. Anywho, trust yourself and do what you like when you like. That’s the real beauty of all of this

    • Dave @ Accidental FIRE says:

      In the end there’s way worse problems to have right? But yes, I have to trust my gut – thanks dude!

  14. MySpace eventually did fail but Tom did very well at the end of the day. I do keep wondering what he is now up to though. $580MM is a lot of money and for someone who’s so used to changing the world, what is he up to now?

    It’s like achieving all your life goals just at the half point mark of your life and there’s nothing else to do.

  15. Great comparison–and good for MySpace Tom. I just checked out his instagram and he looks like he’s doing what I’d be doing if I had sold a site for $580 million. Jokes on you, Zuckerburg.

  16. I think you hit the nail on the head when you said you just need a plan. Giving up the part-time job sounds like a no-brainer to me, but not without replacing it with something. Some kind of purpose or goal that is more meaningful, so that you’re not just stepping off into nothingness. I know I get depressed and bored real fast if I don’t have a schedule, purpose, and plan. But you never know how much time you have left on the clock, so take full advantage of the game you’ve already won!

    • Dave @ Accidental FIRE says:

      I do have my graphic arts business to focus on plus my outdoor health pursuits, so not really worried about that. It’s just the mental game and complexities of it all that reside in the head. The psychology is complex. Thanks for the comment!

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