It’s Monday morning as I write this, and I am chugging as much coffee as I can get down.  We got back from our cruise yesterday afternoon and I spent the better part of the evening catching up on laundry, bills, and mail.  I woke up this morning exhausted.  I mean, I literally cannot think straight right now.  Yet, I still have to put in a full day’s work because, as we all know, nobody is going to do it for me.

Unfortunately, I would rather be doing anything else on this EarthAnything.

Now, don’t get me wrong.  I love self-employment and I never want to go back to the 9-5 grind.  My worst day working at home is still better than my best day at my old job for a variety of reasons, and I wouldn’t change a thing.

Still, I’m longing for the day when I no longer have to work.  You know- the day I reach financial independence.  The day when I get out of bed and do whatever I want for each of my waking hours- the time of my life when I no longer have to worry about earning money on a daily basis.

Saving For My Dream Goal

So that’s my dream goal in a nut shell.  A Jaguar F-Type or waterfront mansion would be nice, but I really want is to wake up each day without having to work or worry about earning a living.  I want to sip hot tea and read books, sleep in until noon, or go for a leisurely walk without worrying about all the things still on my to-do list.  I want my freedom. 

Here’s how we plan to get there:

  • We’re saving regularly– I share my monthly budget breakdowns in order to be fairly transparent with what we’re trying to do here.  The good news is, we’ve been saving at least $2,000 per month for retirement (including my budgeted savings and Greg’s which I do not share) and socking away some cash as well.
  • We’re paying stuff off– I was seriously killing my mortgage for a while there.  That was, of course, until we sold our house and moved which basically messed everything up.  Fortunately, I am killing my mortgage once again- just at a slightly slower pace.  We’re also making some additional payments on our rental properties by applying all of our rental profits to their respective mortgages.  At this pace, our house and rentals will all be paid off in less than 12 years.
  • We’re refusing to go into debt- Reaching financial independence requires a staunch anti-debt stance in my eyes.  Not only are we paying stuff off, but we’re also refusing to go into any kind of debt ever again.  The only exception might be a business loan or the purchase of another income-producing rental property.
  • We’re combating lifestyle inflationWell, kind’ve.  I don’t have a problem spending money on vacations, but we’re mostly keeping our spending in check.  To us, that means driving older cars, buying used whenever we can, and not adding any additional services or hobbies to our lives that cost money.

It’s taking forever but I know we will reach our goal of financial independence one day.  Until then, we’ll just keep plugging away and waiting for the day when our dreams become reality.

What is your dream goal?  How are you saving for it?