Budget Life List

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Finding financial freedom is a lot like this image, bright light on a dark and stormy night.

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My friend was fired the other day.

She had worked at this establishment for years, she was very hardworking, and exceptionally loyal. Based on a rumor, her position ended, and she was left with anger and disappointment.

As I consoled my friend, it became yet another reason why I am pursuing financial freedom.

I don’t want my position, livelihood, and identity to hang on employment. Instead, I want to level up to early retirement and end the game of financial dependence.

Choose Your Adventure

Before I started leveling up, I developed a plan.

First, I wanted to use my prior military experience to give me a boost in federal employment. This would cut four years off the 20 years required for a government annuity.

Second, I had to figure out how to invest because it is one of the few ways I can increase my finances with little effort. Especially because I need to survive on investment returns before I start cashing out retirement benefits like social security, 401(k)s, and Roth IRAs.

Third, I had to figure out how to capture more income streams. Ideally, five income streams with most or all being passive.

Recently, I stumbled across a jarring quote from the Oracle of Omaha:

If you don’t find a way to make money while you sleep, you’ll work until you die.

Warren Buffet

Ouch! Dually noted!

Leveling Up

My progress is going well, considering I got off to a late, midlife start.

I have a federal job that I am very happy with, even if it meant staying in the exact position for 16 years. To me, this is a bonus; to have a job and enjoy it too!

I have already started aggressively investing and have seen impressive results. My returns have been better compared to when I let the defaults win.

I am still trying to figure out possible income streams but I haven’t come up with any that have yielded results. At the moment, I have 3: my government job, my investments, and cashback apps and credit card rewards.

This is one area I have to keep battling against if I want to pick up those extra two income streams and level up.

Winning the Game

After the encouraging phone call to my friend, I sent her an Amazon gift card. It was a small token for her current struggle. I felt grateful to be financially stable enough to give it.

I have have worked through a few financial setbacks before I got to this point of stability. However, as I continue the challenge of leveling up to financial freedom – I feel like each of those setbacks have given me upgrades in resilience, persistence, and grit and I am just beginning to show what I am truly capable of.

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