Things have been moving quickly for a few days. Several clients have come forward at the same time, so much so that I have even exceeded what I was initially aiming for. I don't know whether it is the effect of the Google Ads campaigns or the return from vacation of some. However, it means that I have reached my goal and that now nothing is stopping me from realizing my dream. All the lights are green. I have the capital and income that ensure my financial independence. I have the small independent sideline necessary for my psychological well-being. In just a few weeks, I have gained more satisfaction from it than in almost 25 years of employment. Now all that remains is to take the plunge.
If my calculations are correct, as soon as I am in "autonomous" mode (no longer dependent on a salaried activity), my income will come for 3/4 of my investments, in the form of dividends and rents. The 1/4 will come from my secondary activities, namely essentially personal coaching, as well as some very modest income from this site (advertising, subscriptions and book sales). All of this should cover my needs without too much trouble.
I took a certain margin
This means that, contrary to what I thought, I won't even need to draw on my capital. At worst, it will serve as a spare wheel. This would be the case, for example, if I had to give up my coaching activities. It also means that I could have taken off much earlier. However, I prefer to have taken a little too much margin than not enough. I should indeed last another forty years if all goes well! I seem to have thought of everything, but you never know in advance what the future will bring.
I am finally two years ahead of what I initially imagined. However, one year behind my reassessment of objective in 2016. Above all, I am 17 years ahead of my official retirement! I can hardly believe it, after all these years of patience, doubts, efforts, failures, learning, courage, passion and tenacity. All these difficult sunrises, having to do a job I don't like, are behind me and take on a new meaning today. I will give myself a few more days, in order to savor this present moment, there suspended on an improbable cloud, at the crossroads, as if time had stopped.
Then it will be time to deliver the final blow.
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Good morning,
I am happy for you to see this achievement and to have the example of others like you who achieve it: it is such a journey, such an adventure, so engaging, full of twists and turns, adversity, and in the long term, that I find achieving this objective as difficult and essential as having climbed 5 8,000 m peaks!
May you really take advantage of it to savor this celebration without skipping (we are too caught up in doing, having done and always remaining in action, without taking enough time to feel the great accomplishments).
May I ask you how long it took you in total to reach this result, from the moment you became aware that taking this path was essential for you and you began to take the path of action?
THANKS
Sincerely,
Stockrick/Terry
Hello Thierry, thank you for your comment. The analogy to the 5 summits is excellent, because that is exactly it: we go up, we go down, we get back up, we go back up, and so on, depending on the economic and financial disturbances of the planet, and of one's own.
It's hard to answer your question simply. Indeed, unlike a trip or a race, there is no precise starting time, nor a clearly defined finish line. However, I remember four important years: 2000 (first stock market purchase), 2003 (I decide to seriously take the path to financial independence), 2017 (I feel financially independent in my head) and 2021 (I leave employment). So, roughly speaking, between fifteen and twenty years, which is in line with the conclusions of my book.
It should be noted that I could have gone much faster. As I indicated in the post, I took a certain margin. In addition, I have never been a follower of extreme frugality. Quite the contrary, I consider myself a hedonist (which is certainly the reason why I set out on this beautiful quest).
What a pleasure to see you successfully continuing this unique journey! It’s very inspiring.
I wish you to always remember these moments of change, especially when doubts and difficulties arise.
Thanks Intermezzo. I think it should be fine 😉