When we car guys set a vision, its time to start acquiring parts to complete this vision. lets say you want 600hp , well now its time to dissect that goal or vision, what parts will work best to get you to that dream. what parts arent worth the hassle or simply dont get you any closer to your goal. after this you start gathering.. slowing building a stockpile of parts just ready to be installed, once installed you get your car tuned and on the dyno and pray to the car guys, all your research and time has paid off to reach that goal.
5:25am 3/11/19- today i woke up earlier than usual, 4:08am, why though? well because i already knew what todays blog was about, im going to break down my goal, my final destination, ive said it multiple times, and ill continue to say it. In the book Think and Grow Rich by Napoleon Hill, they talk about how words become things, thoughts become things. so the more i say it, the more i believe it, the more the universe will somehow make it happen, of course this isnt without any type of effort on my part. what im doing is affirmations essentially, telling myself everyday that i have already achieved such goal, really believing it.
RETIRE AT 35 WITH FINANCIAL INDEPENDENCE, i know what youre thinking, who the hell wants to retire at 35? what the fuck is financial independence? well let me break it down by answering the latter question first. Financial Independence, is this concept of having made proper investments to allow you enough passive cashflow to sustain the life you create for yourself. Say what? i know i thought the same thing too, but really its simple, everyone knows about stocks so ill use that one to start. all these numbers are hypothetical and for ease of math. lets say you have $100 left over after all your living expenses, you have two choices, to spend that $100 on some sort of consumerism product like entertainment, or in my case, yet another car part. or you could invest that $100 into some sort of dividend paying stock, my favorite being monthly payouts. what does this choice do, it puts your money to work for you, that $100 is now earning 5% payout on a monthly basis, so next month and every month after that you get an extra $5 that you dont have to work for, sure 5 dollars isnt much, but that will pay half of your netflix subscription forever. now lets say you have $200 in stocks, thats $10 now your subscription is fully paid by said stocks. again its only $10. until you break it down to being $120 a year. in 2 years, your money will have made $240 thus paying for your netflix account.
why is that important? simple, you didnt have to work for that $120 a year. you worked for the initial $200 and it worked for you since, it may still not seem like that big of a deal, so ill break it down to where it counts, TIME, you earn $12/hour at your day job, every year, you have to work 10 hours to afford paying for that netflix subscription, thats almost 1 extra hour a month, that you no longer have to earn but instead have put the money youve already made to earn it for you instead. this time starts to mean more and more as more responsibilities start to accrue with age. in that extra hour every month, i could do things i enjoy more, like watch 1 more netflix episode, or change your oil, or completely detail your car, you see the amount of fun you can complete in an hour is massive, why because youre having fun, and still making a living.
so first on the list,is to realize what your number is, my number? yep the amount of passive cashflow you need to sustain this life youve created, as i stated i moved in with my in-laws, so my number is lower now than it has been in years, whats my number, $1200 a month, thats next to nothing, of course the goal i have for when im 35 is much higher, the goal is starting small. Now ive started to enjoy breaking things down further, thats $40 a day roughly, i know none of us have a problem spending $40 a day, but earning that back at a job would take 3-4 hours, but the math doesnt add up, i have to work 20 hours to earn that $200 initially, and it only makes me $10. yep, but you see you only had to earn that $200 one time, and in 2 years that money has now earned more for you than the initial investment. its just that simple. or you could choose to work harder for the rest of your life to keep earning that $200. My first step in my journey was to cut costs, everywhere i could, i feel i could still cut more, but i started there.
first on the list to to tackle this debt ferociously, its not much, but its still hangs over our heads like a black cloud, you see all that money you pay to your debts is money youre working for, for someone else… that is no longer your money, thats the debtors money, youve effectively put yourself in the rat race. how? they knew more about money than you, its not our fault per say, i truly believe its the way we are raised in this beautiful land we call america, we are raised to be sheeple, to work our lives away earning a living, yet never really living, slaves to the system, how to break free. first debt free, then start your investment growth, just as debt seems to snowball into this big thing that almost irreversible, so is financial independence, once you get started it almost hard to stop it from growing, now no, i dont know this from personal experience, i know this because the math adds up.
so there it is, the simple way to never have to work a single day ever. now i said HAVE to work. i would be bored out of my mind if i didnt have anything to do, but what would you do if you had all the time in the world and never had to worry about paying your bills? ill tell you what id do, id spend hours with my family, soaking up every minute of growth with us, id read books, raise a farm, build another race car, hell id do anything i wanted, anytime i wanted.
I would work on my life goals.
just as one has to create time for the things one cares most about, one must first create the finances to live this life, because money is a tool, a tool one cannot live without, the one thing that will control your life if you let it… but you can also flip the script, and control your money to live the life you want.
so there it is, retiring to me simply means not having to work to live, but living my life and working on what means most to me.
until next TIME.
Getting a Grip 