Posts Tagged ‘financial independence’

Overcoming the blues

Wednesday, May 12th, 2010

Have you ever wanted to pull the covers up over your head and pretend it’s not morning?  This morning I slammed the alarm clock off, rolled back over, and continued my sleep.  I didn’t feel good mentally or physically.  When I finally woke up I knew I had to get my head on straight before I went to the office.  I was in a lousy state of mind!

I said to myself, “Get a grip.  What is important to you, Nate?!”

I grabbed my notebook from my nightstand and began writing.

1.  Financial Independence…this is the main financial goal for me…having enough money coming in from passive sources each month so that I am not dependent on a job.  Not that I’ll stop working exactly, but it may change WHAT I work on.

2.  What will I do when I achieve financial independence?  This is one I’ve been pondering for a while (months, maybe years).  I’ve narrowed it down to this: I want to help people recognize and achieve their dreams and potential.  This brings to mind Zig Ziglar’s famous quote, “You can have everything in life you want, if you will just help enough other people get what they want.”  Thinking about Zig’s statement, I’m realizing that I don’t have to wait till I have piles of money to go after my dream.  My dream is to help other people get what they want just like Zig says.  I can do that now and figure out the money part after I get good at it.  Because this is truly something I would do for free!!

3.  The next page in my notebook I filled with people that I am helping currently or should be helping reach their dreams.  Each entry has a name and something I know that they are working toward.  I was surprised just how many people are already in my life that I can help.  I just need to be more intentional about helping.

After going through this exercise I was excited about life once more…at least until I reached the office.  Still working on keeping a positive attitude the whole day =)

Financial Independence

Thursday, May 21st, 2009

adirondack jakeMy friend Paul recently asked me to define Financial Independence.  I gave Paul my short version and promised to expand in an upcoming blog post.  Here we go…

To me financial independence is when you have enough money coming from sources other than your job to support your desired lifestyle.  You can live “independent” of your day job paycheck.  You may love what you do and choose to go to work anyway, but knowing that you don’t have to will free you from the stress and worries that the paycheck to paycheck employee often feels.  Your monthly bills may be paid by dividends from stocks that you’ve invested in, rental income from real estate that you own, or distributions from a small business that you own.  The important thing is that the sources of income don’t require your day to day involvement to continue paying you.  The freedom that comes from investment income is freedom of time.  You have complete freedom to choose how you spend the limited resource called time.

I haven’t arrived at full independence yet, but I’m working toward it…how about you?