WHY DID WE POUR ALL OUR MONEY INTO STARTING A BUSINESS INSTEAD OF BUYING A HOME?
This is a question we asked ourselves several times before reaching a conclusion (and still ask ourselves at times even now). “Why don’t you buy a home?” is a question many people still ask us every now and then.
Yes, it was a conscious decision to invest all our savings into our start-up business rather than buy a home as expected from a middle-aged adult couple. A couple who have just had a baby girl. A couple who were in well-paid corporate jobs in well-respected high-profile roles. A couple who were doing exceptionally well in their respective professions. A couple who had no other financial asset or liability. When all was going perfectly well as per the world’s definition of ‘life is good’ and the norm would be to buy a house and “settle down”, we took a sharp U-turn by deciding to quit both our jobs and put most of our time and a big majority of our savings into starting a business. Here’s why:
Finding a purpose:
Personally, ever since I left Scotland, I was going through an identity crisis. I worked really hard, sacrificed many weekends, party nights and all kinds of leisure for several years to become an actuary. And when I became one, I struggled to know what my purpose was. Yes, a fully qualified actuary did not know what to do with her life. Performing regulatory and business valuations, designing and pricing life insurance products just did not satiate my “what the hell am I doing in this world” question. I constantly felt the hollow of not being able to do something that has a direct (and good) impact on the world.
“Settling down” wasn’t enough:
Both of us had this urge to do much more than “settle down”. I had a constant stream of haunting thoughts like “what’s the point of our big salaries?”, “what is the kind of world that I’d love our daughter to live in?”, “How can I make my profession better?”. We both knew that quitting both our jobs would be highly risky – for us, for our new born baby, for our parents, for our career. And yet, we just HAD to take that difficult step to find out what awaited us on the other side.
Set an example by doing:
There was no doubt about how much we both complained about the “corporate-ness” of our jobs. How people became machines by working like machines, how companies became machine-producing machines by treating people like machines and how most people that we knew worked only because their jobs pay their monthly bills, their mortgage and maintain their life style. And not because they truly loved their work. It was depressing to see the vicious circle most people were living in; the circle of work because you want to be able to buy the stuff that you want, buy stuff because you can afford it and make more money and buy more stuff and so on.
We both absolutely loved our jobs while we lived in Scotland and we have the urge for people around us now to experience what “loving your job” feels like. So, we wanted a platform to start fresh, work and lead by example and set a culture where people love what they do.
Why buy when we can rent? We just need a homely shelter:
For someone like me who needs certainty, renting a home isn’t the ideal solution. But somehow, one day I suddenly realised that buying a home means that we not only pour all our savings into one physical structure but also that we lose the financial freedom to quit/change/try something new with our career altogether. The thought of not having financial freedom gave us nightmares, not being able to buy a home did not. And in a karmic way to end this, if we were meant to buy a home, it will happen at a time it is meant to happen. Plus, renting a home and having to move every now and then will contribute to a ‘living light’ way of living and I’d like to embrace lightness as much as possible.
It has been over an year since our start-up came into existence. We are now a bunch of ten people working together – passionate, happy and loving our jobs. Running a start-up has been the toughest thing we have ever done (some days we both feel like killing each other) besides raising a baby (also makes us both feel like killing each other), but does it answer the ‘what the hell am I doing in this world?’ question? Yes, to an extent and eventually, this path will answer it fully. We just know.