Happy Halloween my dears! I’m sad that it’s on a Monday this year! But that didn’t stop everyone from celebrating this past weekend! What did you guys do this year? I decided to go to San Diego and hung out with some friends. We went to a farm and harvested our own produce! It was so cool learning about planting! Everything in the farm was organic and so fresh to eat! One of the things that stuck with me was our tour guide’s energy. You can tell she is doing something she loves and she is happy. She told us that she used to work in the corporate world and one day she ended up working at this farm and loved it ever since. Why did that stick with me? It’s because I want to be in that state of mind. Personally, I am tired of the corporate world.
I don’t want to work on a farm but I do want to work for myself and be able to just enjoy my life to the fullest as long as I possibly can. However, one big thing that is keeping me away from that is being financially comfortable.
I think it’s ridiculous that society requires us to go to school, then college, then get a job to survive. College is expensive, some can’t afford to do so and end up not getting a good job. And then most of the ones who are able to go to college graduate with debts. While working our 8-5 jobs, we are paying college loans and other debts. Most of us will spend half if not all of our lives paying off debts. Just knowing that if I don’t do anything about it, I will fall into that situation, and I don’t want to regret that I never did anything else to enjoy my life.
So with that being said, I want to be able to work because I want to, not because I have to. Don’t we all?! That’s the problem, we all want to yet we let fear keep us from making this happen. For me, I fear that if I quit my day job I wouldn’t be able to support myself financially. I have so man bills to pay before I can start putting money into my savings. When I used to live in the east coast, I was able to save so much more because the cost of living wasn’t as expensive as it is here in California. Now that I am living in California, I have to adjust. To be honest, my first year living here, I spent majority of my income paying rent and bills. I find myself living pay check to pay check and touching my emergency saving funds to help relieve the financial situation I was going through. It is now definitely a little better because I have two other roommates.
So what does being financially independent means to me? Here are a few things
1. Not living paycheck to paycheck
2. Being able to work because I want to work and not because I have to work
3. Being comfortable with my finances that I can travel the world and explore whenever I want to
4. Being able to put money away in my savings every month
5. The ability to enjoy life without having to work
So those are some of my ideas of what it means to be financially independent. As I write them down and say it out loud to myself, it all really seems such a far reach and impossible to achieve. If you are like me, you are probably wondering how in the world will I ever get there?! Well, I’m no expert so I don’t have an answer for you but I do know that planning will get you there. So below are small steps that I am taking to get to my goals.
1. Not eat out everyday and every meal
2. After every paycheck I get, I make an effort to put at least 20-50% in my savings
3. Don’t buy things that I necessarily wouldn’t use (if you want to read my guide to minimalist – check out that blog)
4. Sell items that I no longer use to have extra cash
5. Invest my money into something more worthy for the long run
6. Plan, plan, plan and remind myself constantly of my goals
All these steps wouldn’t get me to where I want overnight, but I know that if I stay on track and stick to my goals. I will eventually get to where I want to be. What does being financially independent means to you?