Financial Independence is a Marathon We Can Run Together

Why Chase Financial Independence?

woman running a raceThere are so many reasons someone may choose to seek financial independence. Most reasons boil down to the fact that you want to live your own life. I have heard countless people express a desire to travel the world. Others talk about wanting to focus on charity work, a new business, or a change in career. And sure, there are those who just want to get out of the rat race of being an employee living paycheck to paycheck.

The security that comes with financial independence is motivation enough.  Even if you don’t reach full independence from a job, every dollar saved will help ease the burden of expenses.  Every dollar of passive income earned is really a raise you pay yourself.  Imagine adding a few percentage points to your salary every year!

Personally, I just want to have options. It would be amazing to know I can afford to take a trip at the drop of a hat with both available money and free time. Just the freedom to choose to do what you want, when you want, is a great motivator to me. Because of that motivation, I’ve set out to document my plan to become financially independent at 50 years old. I’ll turn 40 in July  (2019) and have just a bit over 10 years to try and reach my goal. And that’s how was born.

What is Financial Independence and How do We Begin to Achieve it?

Quite simply, financial independence is the moment that your assets overtake your cost of living. Lots of people see it as not having to work to live. While financial independence can become retirement, it’s really just the point that your investments take over for your cost of living. Just like a business, there are ways to maximize your profits and get to the goal of financial independence faster.

Long road into the desert
Financial Independence is a marathon, not a race.

First, you can make more money. There are lots of ways to increase revenue. Real Estate investing, side hustles, investing in stocks or bonds, and even salary raises at your 9 to 5 job (or jobs) are all ways that happen.

Second, you can reduce your costs. Generally speaking, you can reduce your costs by spending less on food, housing, transportation, entertainment, and other bills. There is a lot of debate surrounding cost reduction. Everyone is different when it comes to what “comfortable” means.

My Financial Life on Display

Desk with computer and desk lamp

I plan to post my financial balance sheet here on I want to show that over time, with a plan, financial independence can happen. No matter what the outcome of capturing and documenting this effort, I know I’m going to learn a lot along the way. I certainly don’t have all the answers, but I’m excited to tackle this challenge. While I’ll likely keep personal details of myself private, I hope that by sharing the details of my investments, costs of living, and the changes I make to them, that people can be motivated to do this too.

I hope people enjoy following along on this experiment. Feel free to comment and join in on the fun. We can all learn along the way.



Author of Tracking my goal of achieving financial independence in 10 years.

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