I know I don’t want to wait until I am 65 years old to start living my life and I didn’t think I should have to either!
For me, I grew up believing that financial success meant you went to college, got a job, worked until you were 65, maxed out your retirement contributions, bought a home and paid off the mortgage, had no debt and paid for your kids to go to college.
This formula worked for a while until it didn’t work anymore. That day came as I contemplated the financially responsible decision to buy a home.
The homes in the city where I live sell for nearly $1M. Having to save $200k as a down payment and still have a monthly payment of nearly $6k felt like a huge burden compared to my low monthly rent. I realized this fiscally responsible decision didn’t feel aligned with the life I wanted to live. Instead, owning a home felt like I would have to give up everything I wanted to do with my life for a secure retirement.
Have you ever experienced this feeling?
I began questioning what I wanted and realized I wanted freedom above all else. Freedom to pursue projects I truly enjoyed in my career. Freedom with my time to work more or less as I chose. Freedom to pursue personal interests such as travel and time with my family.
I immediately set out to figure out how I could have BOTH: meaningful life today AND a secure retirement.
Ultimately this led me to redefine financial success on my own terms.
Now I define financial success as:
Having a financially successful career with freedom of location and schedule.
Investments that I understand and provide a stream of income and appreciate over time, such as my business and real estate.
Is your definition of financial success aligned with the desires you have for your life?
If not, let’s hop on a 15 minute FREE Money Roadblock Assessment Call.
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