A few weeks ago, I was at the gym and I realized that I have been spending my weekends running, playing multiple sports, going for happy hour with friends, reading, and writing code for fun.
You know what would be pretty cool? Being able to do that full-time. I could find some other sports! I could read and analyze books. I’m sure I could find smart people to talk to to keep my brain active.
That’s how I see financial independence. Being able to play sports 24/7. I’m pretty sure I’m the strangest software developer ever.
But what do I need to get there? I need passive income to the tune of about $2,000 per month or $24,000 per year without a mortgage. I’m clearly quite far from that point now if my passive income goal for 2012 is $1,000 TOTAL for the year.
I would love to be FI by the end of 2020, but I’m not sure how possible that is considering that I not only need to build a decent-sized investment portfolio, but I also need to buy a condo or a house in cash or with a large down payment and pay off the mortgage. My net worth current projection for mid-2020 is in the low $700,000 range so maybe it is possible? Who knows.
Readers, what would you do if you were financially independent?