During one of our walks around the neighbourhood the other night, my wife and I had a conversation that went something like this:
Me: It would be nice to break-free from work eventually wouldn’t it?
Her: Yes, and that’s what we’re working towards <pause>, right?
Me: Yes, breaking out of the box. I mean, we live in a box (house), we drive in a box (car), and we work in a box (office cubicle). Everything is a damn box.
Her: When you put it that way, I suppose we do. So, when are we getting out of the box again?
Me: Good question.
I don’t have the answer to my wife’s question for today’s post but we are both aligned – we are working towards a level of financial freedom. If we can stick to our financial plan for the next 8 years, the house will be paid for and we should be in a financial position to take advantage of some opportunities. Here are some options that have been discussed recently, options that are on the table:
- Selling the house, investing the proceeds from the sale, and living off the passive income from the investments to travel abroad.
- Selling the house, and renting for a bit until we figure out what we want to do.
- Keeping the house, working part-time and travelling part-time.
- Other options…
I have no idea what the future holds but we do know we want to seize some opportunities and take some new adventures down the road. I suppose this is what financial freedom can provide, the choice to break down the walls of any box.
What are you working towards – retirement or financial freedom? Do these words mean the same thing to you? Any advice you have for us?