If all goes well, I will be a rentier in less than ten years. Today, I own three properties, two that I have rented out and one in which I live. I also have a few bonds, a few investment funds and, above all, a wallet of growing dividends that is starting to become interesting. Compared to this portfolio, I am currently at 8% of my financial independence goal and I think I will easily exceed 10% by the end of this year. This progression may seem slow at first glance. However, it is not done at a linear pace, but rather exponential. Indeed, the more I advance, the more my passive income is important, the more I save, the more I reinvest, the more I earn... Not to mention the magic of compound interest.
Another ten years to wait before I completely withdraw from the professional world is both very far away and very close at the same time. Very far because it still means countless early mornings to get up to go to work, headaches and regular hassles to put up with again and again. Very close because it is much less than the time I have already wasted working for others. And it could be even closer because a complete break from working life is not necessarily one of my priorities.
The income I already receive today, in the form of rents, coupons and dividends, would already allow me to live, even if only in small part, as a rentier. If I have the opportunity, I would like to keep a small sideline, not only to diversify my sources of income, but also for my physical and mental well-being. If this possibility presents itself, it means that it is no longer ten years to wait, but perhaps just half.
Who knows, by 2020 I will probably only be working at 50%...
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Hello Jerome, what strikes me most in your comment and which seems healthy to me is that you have a goal for your money, to be able to take it easy. It is a very good reminder that too often money is a goal in itself when it is only (an) accessory. The other advantage of having a goal is that we can determine when we have reached it…
Thank you Armand for your comment. It is very true. And moreover considering money as a means rather than an end in itself also has the advantage of being much more serene in one's investments 🙂
Hello Jerome,
This is not the subject of the site but can you tell us a little more about your real estate investments (location, price, yield, etc.). I thought, wrongly no doubt, that rental real estate was not profitable in Switzerland because of very (too) high purchase prices. Thank you.
Hello, 6.5% in Valais. But I bought at a good price, and it's not very recent. Things have changed since then.