I’ve been thinking about this a whole lot. It’s a difficult question to answer. I wanted to retire by 40 but since that’s only a few months away I’m extending my goal to 2020 which would be 2 years beyond the original goal I set for myself.benecia wrote: ↑Mon Nov 06, 2017 3:07 amYou've made amazing progress since you started this journal, really well done. Question, when you get to your number do you think you'll be able to stop or will the challenge of making your goals reality and the thrill of seeing the your NW increase keep you going?
This is in fact the most money I’ve made in my life so the thought of giving it up eventually is scary. I gave myself the freedom to choose at the time I hit the 460k if I want to keep my job but travel a whole lot more & see if I really like it & can see myself doing it full time; then I’ll quit. I would have so much free time to fill that I would try to find fun ways to earn extra money online or otherwise. If backpacking doesn’t really fit me then I’m not against staying at work part time while finding other things, maybe spending more time on me, finding a girlfriend, money earning hobby etc.
Also I have a business with no clients at the moment. If I were to acquire a good contract and money was rolling in I’d probably stay working longer so that I can take excess money to help my family pay off the stupid debts (student loans mainly) and give them a hand up either by giving them positions in the company or by gifting the IRS maximum of 14k per person annually.
Can’t really say I’m “living life” right now, I’m mainly working and existing in order to reach the finish line quickly. Maybe in a few years time I will have met a girl and started a family which would change things a bit but is also highly unlikely since I’m not dating at the moment. The monthly update and NW increases have been a big motivation and I can’t imagine giving it up. I guess this will be a wait and see situation.