Financial independence… if you follow this blog, you will know that these are the two most daunting words that can change your life and make you think about all the “what ifs.” Do you know what I think when I hear these two words?
Sweet, sweet freedom.
And most important of all ― I can freely do what I have been dreaming of doing for ages without any guilt.
At one point or another, we all think to ourselves, “what to do when not working?” And isn’t that the million-dollar question? For all my fellow wanderers, let me tell you what I am going to do:
The 5 things at the top of my “what to do” financial independence list
You won’t achieve financial freedom until you work your ass off. Have a plan and act on it. Stick to it religiously and you will see your life transform.
I am not here to tell you about financial independence once again. I am here to share with you what I will be focusing on when I achieve that sweet freedom I am talking about. According to my calculations, and if I am right, within the next five years I could have a less hectic work schedule if I want to. I’m not saying I will, but I can. This means that I could have more free time on my hands to do other things that are more important to me and I am passionate about.
1. Spend more time with family
Family is my number one priority, but when I work full-time I cannot give them the attention they deserve during the day.
The statement “work hard and play later” tells you that now is the time to work for the means that will make your dreams come true. I don’t believe that is right. The journey should be close to as enjoyable as the goal but nonetheless once you have worked hard to achieve your goals, you will have more freedom to play and spend time with your family.
Family is extremely important to me. It’s what makes me human and not a mindless robot! I might not be able to give them my undivided attention now, but I’m still spending lots of quality time with them. Later down the line, I will be spending even more time with them.
2. Dive into my hobbies
I love playing different instruments, although I am not that good at it. Right now, my guitar is gathering a little dust standing in the corner. I occasionally pick up my guitar and play while my daughter listens. I love it – and I believe she does too.
However, my current schedule is tight when I get home from work. After dinner, there’s not a lot of time to play any instruments before our daughter is off to bed.
Music is one of my hobbies, but I would also love to be able to build and repair things to a much larger extent than I currently can.
Hence, my hobbies are on a pause, but I know it’s an area I would spend more time on if I was financially independent.
3. Read more
I have always been a fan of books. I can’t seem to bring myself to pick a book nowadays when I know there are so many other things I should be doing.
When work takes up many hours of your day, it is just really hard to read a good amount if you also want to be a good father and husband.
Once I reach FI, I will dedicate more time to reading. I love reading and I have a huge list of books I want to dive into.
Not only do I believe you learn from it, but it also helps me destress from a busy day.
4. Play sports
Dipping into your sporty hobbies is one of the best ways to occupy yourself. My personal favorites are HIIT training (cardio), running, and lifting weights. They keep me a little grounded and help me take my mind off things for a little while.
Sport gives me energy. I would dedicate more, scheduled time to this if I wasn’t working. I know it’s a bad excuse, but I still get to do sports, I just don’t do it as much as I would like to because of time constraints.
5. Start working on projects I am passionate about
Side businesses have always been a hobby of mine. I can get lost in them for hours, but it’s not necessarily for the money. This blog, for example, has been created on a very low hourly rate I can assure you 😉
I will be pursuing my passion because I like it and not because I can earn an income from it, which might happen eventually.
I feel like if I spend all my energy on these projects then I won’t have any left for work. It’s all about productivity and if most of my time will be taken up by these projects, I will start lagging. Right now, my job also provides me with good challenges and it gives me energy, but at some point in the future, I would like to pursue other projects too.
Those five areas are my best examples of what I would spend more time on when I reach financial independence!
Your turn: What are you going to do when you can be more flexible with your work?