My journey of becoming financial independence by 35 years old
33 34 years old, healthcare professional. This blog documents my journey of becoming financial independence by 35 years old. I had a passion to heal people from a very young age. However, healthcare is just like anything else, it’s a business. In business, there’s also bureaucracy, so after nine years into the profession, I’m ready for a change. I’d like to work part time. I don’t think I can stand the fluctuating hours, and overnight shift as a full-timer. I still have a mortgage and about $55k $50k left from $100k of student loan, in order to sustain the same lifestyle (I live minimally since graduation, saving Warren Buffet, use leverage wisely to build that first million dollars net worth ). I must make up the income from multiple sources to replace my current income. At that point, I will declare independence! Reaching financial independence (FI) allows me to do things beyond medical, more creative work, research, writing, painting, learn new language, travel, and etc. 🙂 The options are unlimited.
There is a Buddhist story that resonates to me the most about being frugal and financial independence.
Two close boyhood friends grow up and go their separate ways. One becomes a humble monk, the other a rich and powerful minister to the king.
Years later they meet. As they catch up, the minister (in his fine clothes) takes pity on the thin, shabby monk. Seeking to help, he says:
– You know, if you could learn to cater to the king you wouldn’t have to live on rice and beans.
To which the monk replies:
– If you could learn to live on rice and beans you wouldn’t have to cater to the king.
Most all of us fall somewhere between the two. As for me, it is better to be closer to the monk.
I worked multiple jobs before – paid or non-paid. All of the jobs helped me grow. It also helped me become a better public person.
I want to diversify my investment as much as possible so I can ride out of inflation, deflation, depression, etc. Dividend stocks, income property, cd, bonds, land, p2p lending, etc. I’ll try to expand my horizon. I also want to invest in my health, my spiritual and family 😛 If you reach financial freedom and no one to share it with is pointless.
(I’ve reach FI in August 2015 as my passive and semi-passive income has exceeded my work income and some).