I find it sort of amusing when people bring up the issue of me failing to retire by the time I turn 45, because even if that did happen I would still win. How? Even in my worst case projection I still think I will retire by the time I turn 50. So even by losing, I can still retie earlier than most people.
Not to mention all the side benefits of trying for financial independence. I don’t worry about money at night and it has never kept me awake. How? I’ve got over $130,000 in investments right now and my house is almost paid off. The words ‘lay off’ or ‘being fired’ are annoyances now and not really serious threats to my family’s well being.
In a sense going after early retirement gives you freedom to choose what others can’t consider. I don’t have any credit card debt, so I don’t ‘have to’ keep working at a job I hate. I don’t have a huge mortgage, so I can look at buying a second property as an investment. The longer I’m on this path the more choices keep opening up.
Perhaps the one choice that mind boggles a lot of people is the ability to earn less. I don’t have to work full time to look after my family. I haven’t had a full time day job in 15 months now and I really don’t see the need to ever go back to full time if I chose to. Actually after the mortgage being paid off next year our income requirements to live are so low that I live with a $10/hour part time job if I want.
Perhaps that is the point of how to win even when things go wrong, my needs are very minor and I know what those cost. So I don’t bitch as much about losing on anything and always try to find the positive about it. Why? I can afford to make that choice.
So how do you win when you lose?