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jim farley Bill Pugliano/Getty Images

Ford CEO Jim Farley says his banker father gave him the best career advice he ever got — but it was also a warning

Ford CEO Jim Farley climbed to the top of corporate America, earning $27.5 million in 2025 to lead one of Detroit’s Big Three automakers. But some of the most enduring career advice he received was a warning not to let the job become his identity.

In an interview with Rolling Stone, Farley recalled his father, a Citibank executive, telling him: “Don’t define yourself with your career, buddy.”

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His father warned that one day someone would “tap you on your shoulder” and the career would be over. Farley needed to make sure his identity was bigger than his job.

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It may have been difficult advice to follow given Farley’s family history. His father was a banker, but his grandfather was an early Ford factory worker whose job helped put Farley’s mother through college.

Farley was obsessed with cars from an early age, a passion that would eventually shape his career. He could have joined Ford much sooner.

After graduate school, the automaker offered him a financial planning job working on the F-Series, but Farley chose Toyota-owned Lexus instead because the role was in product planning. The decision wasn’t popular with his Ford-connected family, but the Lexus job gave him the chance to work on an entire vehicle rather than a single component.

“My dad fought in World War II, so working for Toyota was, you know, not a very popular move in my family,” Farley told T. Rowe Price’s The Long View podcast. “Actually, it was kind of, you know, a serious thing.”

Farley spent nearly two decades at Toyota before eventually joining Ford. Yet after building a career around his lifelong passion for cars, he said they no longer motivate him professionally.

“I love cars, but that’s not my job anymore,” he told Rolling Stone. “What I’m passionate about is the sustainability of the company.”

His path suggests he took his father’s advice without giving up on his passion for cars. Work didn’t have to define him, but he could still build a career around something he cared deeply about.

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Outside of work, Farley said some of his favorite moments are spent with family, cooking or even doing laundry. He also spends 30 to 60 minutes a day building racing-car models, which he described as a way to disconnect.

Switching off may actually help at work

Farley’s example suggests that creating some separation between work and other parts of life doesn’t have to come at the expense of professional ambition. In fact, switching off from work may actually help people perform better when they return.

There’s research to back it up.

In a 2017 meta-analysis, researchers Johannes Wendsche and Andrea Lohmann-Haislah of Germany’s Federal Institute for Occupational Safety and Health examined data from more than 38,000 employees to understand what happens when people detach from work during their time off. They concluded that this “psychological detachment” was linked to less exhaustion, better sleep and better recovery. They also found a small but notable link to better work performance.

Disconnecting has arguably become even more difficult since then. A 2023 review of 159 studies by Temple University researchers Anastasiia Agolli and Brian Holtz described contemporary workplaces as being characterized by “increasing job demands, extensive use of communication technologies, blurred boundaries between work and private lives and growing uncertainty.”

Even under those conditions, the researchers found that psychological detachment remained important for employee health and well-being and could also affect job performance.

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What happens when the job ends

Even if separating from work can boost productivity, Farley’s father was warning about something more profound. Careers eventually end, whether by choice or unexpectedly, and the transition can be harder when work has become so intertwined with personal identity.

Research previously cited by Moneywise shows just how closely the two can become connected. Nearly 40% of U.S. workers say their job is very important to their overall identity, according to Pew Research Center data. Among workers with postgraduate degrees, that figure rises to more than half.

The connection may not seem like a problem when work is going well, but it can become one when circumstances suddenly change.

Meredith Wells Lepley, a psychologist writing in Psychology Today, argues that people who define themselves primarily through their careers can struggle with more than lost income when work disappears unexpectedly. A layoff, injury or, increasingly, AI making a role redundant can also leave them questioning who they are without the job.

One way to reduce that risk, Lepley argues, is to build what she calls a “multidimensional identity,” where work is only one of several sources of purpose and identity. It’s the personal equivalent of “don’t put all your eggs in one basket.” Rather than relying on a career alone, life satisfaction can also draw from physical health, social relationships, personal character and other parts of life.

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Sam Bourgi Contributing Writer

Sam Bourgi is a US based financial markets specialist with over a decade of experience covering investing, economics and digital assets. His work has been cited by Congress, the DOJ, the Bank for International Settlements, Bloomberg, Reuters, CNBC, Fox and Newsweek, as well as academic institutions.

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