Money and Finance
There's 8,760 hours in a year. If you're like most people you work a minimum of 40 hours per week and I'll assume there's another 2 hours per day that you spend on either getting ready for work, commuting to work, or de-stressing from work. That's 50 hours per week minimum that is likely devoted to work related activities or 2,600 hours per year. A minimum of 30% of every year once you reach working age until you retire is devoted to work.
I think it's quite obvious that we should all find a way to cut that down. Just imagine what you could accomplish and how much healthier your life would be if you could find a way to support your lifestyle on the income that your investments provide. That 2,600 hours per year that we spent working could now be devoted to something, anything. Malcolm Gladwell wrote in "Outliers" that it takes 10,000 hours to become a master of something. Using just the time that you used to spend working you could potentially become a master at anything in less than 4 years.
Many of you that visit my blog are pursuing financial independence just like my wife and I. The concept of financial independence largely springs from a desire for freedom. Freedom to travel. Freedom to more fully develop relationships. Freedom to raise your children yourself. Freedom to pursue causes you're more passionate about. Freedom to not HAVE to work.
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- Weekly Roundup - June 21, 2015
First off, Happy Father's Day to all of the fathers out there. For myself, and I'm sure for the majority of you, we are pursuing financial independence not because we hate working. Rather it's because we hate the things we miss out on...
- The Intersection Of Dividend Growth Investing And Financial Independence
Tired of working under fluorescent lights day in and day out? Well besides winning the lottery the only way to get away from working 9-5 til 65 is to spend less than you earn and invest the difference. Most of the blogs that I follow are focused...
- Weekly Roundup - December 1, 2013
How in the world is it December already? The end of the year is always such a blur and I just want to be able to slow time down. That's why I'm focusing on reaching financial independence at a young age. Even if time continues to move fast,...
- Weekly Roundup - November 2, 2013
This week meant it was back to the grind of work. Which, after the fun of water line problems that I went through the last time I was home, work actually brought a much needed relief from the hassle that I had to deal with. Although if I had the option,...
- My Amazing Wife
Hi Everyone, I might be just a tad biased, but I truly believe I have one of the greatest wives you could ever ask for. I've thrown around hints on various blogs that I work on average 50-60 hours per week year round. I'm doing this because...
Money and Finance
How Quick Can You Reach Financial Independence?
There's 8,760 hours in a year. If you're like most people you work a minimum of 40 hours per week and I'll assume there's another 2 hours per day that you spend on either getting ready for work, commuting to work, or de-stressing from work. That's 50 hours per week minimum that is likely devoted to work related activities or 2,600 hours per year. A minimum of 30% of every year once you reach working age until you retire is devoted to work.
I think it's quite obvious that we should all find a way to cut that down. Just imagine what you could accomplish and how much healthier your life would be if you could find a way to support your lifestyle on the income that your investments provide. That 2,600 hours per year that we spent working could now be devoted to something, anything. Malcolm Gladwell wrote in "Outliers" that it takes 10,000 hours to become a master of something. Using just the time that you used to spend working you could potentially become a master at anything in less than 4 years.
Read more »
- Weekly Roundup - June 21, 2015
First off, Happy Father's Day to all of the fathers out there. For myself, and I'm sure for the majority of you, we are pursuing financial independence not because we hate working. Rather it's because we hate the things we miss out on...
- The Intersection Of Dividend Growth Investing And Financial Independence
Tired of working under fluorescent lights day in and day out? Well besides winning the lottery the only way to get away from working 9-5 til 65 is to spend less than you earn and invest the difference. Most of the blogs that I follow are focused...
- Weekly Roundup - December 1, 2013
How in the world is it December already? The end of the year is always such a blur and I just want to be able to slow time down. That's why I'm focusing on reaching financial independence at a young age. Even if time continues to move fast,...
- Weekly Roundup - November 2, 2013
This week meant it was back to the grind of work. Which, after the fun of water line problems that I went through the last time I was home, work actually brought a much needed relief from the hassle that I had to deal with. Although if I had the option,...
- My Amazing Wife
Hi Everyone, I might be just a tad biased, but I truly believe I have one of the greatest wives you could ever ask for. I've thrown around hints on various blogs that I work on average 50-60 hours per week year round. I'm doing this because...