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When this forum started, there was a lot of discussion on the topic of being financially free. What we meant when we said financially free was that the money coming from your investments covered your expenses.
I wanted to see how many of us are still aiming for that actively right now, or have achieved this goal. Feel free to share where you are at, or if you are just starting.
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Right now my big big goal is to be making $3,000 a month off the my website by my 22nd birthday, or by next May. I absolutely love blogging and stocks and to do both full time is my dream job. My plan is to keep my costs low (which are right now a tad less than $1k a month) and start leveraging my extra income to invest in the stock market as I once did before things got a little sidetracked for me financially.
As I generate more revenue off my website I want to bring on others to join my team and become paid writers. By 25 it would be sweet to have a thriving website pulling like 500,000+ page impressions a month all staffed by great writers other than myself. Hopefully by that point my passive income will be greater than my monthly expenses and I can focus heavily on trading my portfolio, building the Falkin Investing Organization, and perhaps getting married or something
. That's where I am at right now.
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My plan (as of now anyway) is to get certified to teach English abroad after I graduate, then teach in Spain for a year to learn Spanish, and then possibly go to Hong Kong or South Korea to teach for a few years to save money.
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Wow Jeff that is a big change up from the real estate man, nonetheless pretty cool.
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For me, and I think you to, it is still important to become financially free, but we are not willing to sacrafice quality of life for that. I am willing to go without a few fancy toys for a while, but I am not willing to spend so much time working that I don't travel, or have friends, or stay close with my family. I think that this is the mistake that some people make.
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I love that comment Mark. It makes me think about those people who are wealthy but don't spend a dime and are actually more miserable now then they were before they were wealthy. To me and I bet you would agree it comes down to having that healthy balance of both.