My journey of becoming financial independence by 35 years old
While speculating on increasing rent on my rental properties, and when the checks finally came in. I realized I didn’t have to wait until I turn 35 to be financial independence. I am financial independence! Wait, what? Yup! The total checks coming from rental properties along with the monthly paychecks from dividend income has exceeded my take home check from my job.
I gave myself 2 years from starting of this blog to settle any unsettling issues such as giving myself some cushions so I can give to my family more, travel without worrying about money (food, airfare or lodging), emergency fund, etc. I got there but I’m mentally not there yet. I also have many “what-ifs” –
What if I get a kid, 2 kid? my life situation would change very quickly.
What if the republican party win the election and take away ObamaCare? Ahhh another question of the century, health care, how to solve it!?
What if I suddenly don’t want to live modestly and what to spend big? I highly doubt I’d do this, but who know!
What if I get sued? Ahhh, the question of the century, everybody sues everybody. I need to turn my rental into a separate entities to protect what I’ve earned so far.
What If I get bored?
The uncertainties on major life events that keeps me from calling it quit at this particular moment. Caring for only myself is different from caring for mr, my dad, or even when we have kids. But I don’t even think I could quit working altogether base on the personality test result that I took a few years back.
Of course we will have to take any sort of test with a grain of salt, and the interpretation of the result is rest with the interpreter. And it looks like I’m in the ideal profession – healthcare.
Oh goshhh… It sounded like I can’t work with other people, the only route for me is entrepreneurship – dictatorship.
Interested in what type of career work best for you?
I was thinking if I have a kid, I’d more likely be stay home parent. It sounded fun. I was certain that I could do this until I see some of the stats.
0.5% chance of me be a stay home parent? What???!!! Well, you can’t take these test to the T. Come on!!
Would I be bored in retirement? It turns out, I’m also the type with only 3.5% of being unemployed. That explained the low percentage of being stay home parent.
So, I have over a year to track my expenses, turn my property into a company (corporation of sort), figure out life with Mr., figure out most of the what ifs, more than likely I won’t be bored with my life, but it would be cool to take a few months off, insurance?… I’m there, but I’m not there yet.
Would you call it quit after your passive income/semi-passive income exceed your work income?