Monday, September 24, 2012

Plan 43b, version 2.1a

As usual I'm sitting here, contemplating the past, the present and the future. I ask myself what is important to me. What is it that I want out of life and am I on my way to getting there? So I'm deep in thought and my mind ultimately turns to two things; time for kids, time for health. This then leads to the obvious question, is what I'm doing with my life, with my financial strategy, align with these two priority areas. 

Unfortunately I think the answer is a resounding no. This is sad. It makes me sad. I mean, seriously, why am I living in a large town, paying off a mortgage (well, to be technical, not even paying it off) and going to work every day missing out on precious time with my two gorgeous kids and not having enough time to get some riding, running or swimming in a typical day. 

So it's contemplation time; what can I do about this situation? It is possible, albeit slightly, that I can build my family a little house, live mortgage free and have a lot more time to do the things that matter, the things that are important to me. 

My investment strategy therefore has to change. I must be able to do something different to get out of this cycle of mortgage ownership, or having to grind away at work (although I do enjoy what I do) and push the priorities into the back. Let's review what it is exactly that I am doing right now:

1. Going to work 7:30am-6pm (when I leave, to when I get back home)
2. Small property portfolio of two houses and one block of land + a PPOR.
3. PPOR has a bit of equity.
4. Making a decent wage. 

Lets hypothetically turn this around to what it COULD be:

1. Going to work 8am-3:30pm, three times a week.
2. No portfolio
3. PPOR mortgage free.
4. Getting by.

The secret here is Point 1 and 3. Yes, we would be just 'getting by' in this scenario, but look at the extra time I have. Look at the reduction in pressure, in stress, in 'grinding' away. Who knows, I could even contemplate doing something really worthwhile (that's a different story).

Contemplation is a wonderful dream.

Until next time.  

There is a little Facebook thingy underneath this post. Spread the word. 

No comments: