This Is Why I Do It

This is a guest post by Dave, who is also looking to retire no later than 45, but unlike Tim has no kids and doesn’t want any. Dave is from Ontario and is working towards his CGA certification.

I’m not sure what the exact audience of this blog is – I’m sure there are people here that are probably much further along the road to financial freedom than I am, and maybe there are people here that have stumbled across this blog through a Google search.  Some people, I imagine read the posts written here just to see what these ‘nut jobs’ are going to write about this week.

Part of the reason that I enjoy writing here is that it provides an outlet for some of my “alternative” lifestyle plans, some which my wife rolls her eyes at and others that she doesn’t even know I have thought up until I get her to read the post prior to publishing.  I will be the first to admit that some ideas are not for everyone such as the living in a Tiny House, or touring in a van, or even living on $15,000-$20,000 per year.   Some (well most) people have no interest in living like that, sacrificing “now” purchases for “later” gains.

The main thing that I hope readers take away from the posts I have put up over the past 2.5 years is even if you have no interest in retiring 20 years before the conventional age there is always a benefit to being financially independent from a job.  There are several benefits of being financially stable, to having a lifestyle that can be funded with minimal effort or money.  This past week a couple of events came up in my life that highlighted the importance of having your finances in line.

The first example came from my wife.  Over the past 8 or 10 months she has been working part time for 2 separate businesses.  She was told in a meeting from her one job that she needed to make a decision and either leave it or work full time and she had a month to make her decision.  This business isn’t really all that financially stable, and there is a pretty good possibility that at some point in the near future it could go bankrupt.  The other however wasn’t going to offer her more than 10 hours per week, so her choice was kind of made for her.  If we were in poor financial shape, working like this would be very risky as a missed paycheque would be really bad news, rather than just a manageable risk.

A second event that made me thankful for the financial decisions I have made, in comparison to others was a family member who needs to remain living with their estranged husband because the couple can’t afford to separate.  I don’t know about you, but I don’t think this would be a very pleasant way of living and I am glad that even at this point (near the beginning of my financial journey) I can afford to divorce my wife (she was really impressed to hear this as you can imagine).

So, no matter your reason for reading this blog I hope I am getting this message across – live on less than you need to so that you’re not stuck at your job.  Give yourself the freedom that at the end of the month you’re accumulating wealth rather than scrambling with creditors.

…..and have enough money set aside that you can divorce your spouse 🙂

5 thoughts on “This Is Why I Do It”

  1. For me I save because I want the option to pick a job after school that I am going to enjoy rather than taking the first job to offer me money. I also want the ability to pick where I live instead of having to find a place that will suit my financial constraints. Of course it is nice to know that I will be able to afford a couple bad marriages too.

  2. Why do I do it?
    I don’t think that when I’m elderly, I’ll look back and say I should have spent more time at work.

    I also look at some people I know who are in their 60’s and are having health issues, but still have to go to work to pay their mortgage instead of resting and focusing on getting healthy again.

    I stayed in a very unhappy marriage longer than what was healthy because I didn’t think we couldn’t afford to split, and doing that has horrible effects on everything else in life. My take on that now? Better to be broke and happy than broke and miserable!!

  3. Both my partner and I (both mid-30’s) are self-employed; so our reasons are largely two-fold – saving and building up investment income satisfies our medium/long term desire to eventually retire and largely live off that income in the future. Short term, the same savings and investment income gives us more and more security and thus increasingly less stress. So far so good! – we’re fully debt free and have enough investment income coming in already to cover many of our day-to-day expenses – heat, water, power, insurance, property tax. Totally worth it…

  4. There was no question at the bottom of the post, like there so often is, so I’ll make one up, and no, it’s not how comfortable I would be financially about leaving my wife.

    “What is the audience for this blog, and why do you come here?”

    I come here because I have the same weird outside of the box ideas as the authors. Dave, I’ll have the touring van parked next to you in a Walmart parking lot one night. But even though I managed to retire early, and I am living the dream, it needs constant managing in order to keep it that way. The thoughts and ideas on this blog help me keep my mind in the right place. Plus its nice to talk to like minded people, there are not as many of us around as there should be.

    I only wish I had of found this site 4 years ago.

    Thank you, and keep the faith.

  5. I visit this site because it inspires me and reminds me to focus on my goal – to be financially secure and to life life by my terms instead of being a “slave to the system”. I however, don’t plan to retire early – I apply a different life strategy but totally respect anyone looking to retire early or follow their dreams.

    Instead of working hard during my 30’s and 40’s so I can retire early I focus on a strong live/work balance now. I am self employed and work at home while my wife homeschools our kids. We watch our money so we can afford to live on one salary and spend all of our time together as a family now. I average about 35 hours a week working (no commuting either) and take about 6-8 weeks of holidays each year. We are spending as much time as we can enjoying our kids, eating 3 meals a day together, spending summers canoeing and traveling to other countries 1-2 times a year.

    I should have our mortgage paid off and a respectable chunk in RSP’s before I’m 40. I may be able to retire early but I like to do “things” so I’ll always run a business of some sort – even if its selling things I create with my own hands or selling the organic veggies we grow at a farmers market… I’ll always want to keep myself busy and will most likely find a way to make a bit of money along the way even when I’m 90.

    So this site gives me ideas of how to be financially secure and its good to read about others who are following their own dreams of financial independence to do the things they want in life. Congratulations to all of you!

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