It's not millions of dollars.
While that does sound nice it's not the long term plan.
Don't get me wrong. If it's there I will take it but my lifestyle is far more simple than that.
Financial security to me is a very simple concept.
Having enough money securely that I don't have to work to maintain my lifestyle at any given time.
That means safe and secure funds that will keep me going for the next twenty years.
that means having a house that we can afford to pay the mortgage without taking any extra measures.
If i could buy it outright even better but not necessary.
I don't have an extravagant lifestyle so once we have the house, the car, a holiday once a year and enough for a few pints. That would keep me happy for the rest of my life.
What is the number on that?
I couldn't say precisely but the biggest part of this would be our next house. It's the part that is guiding most of our decisions right now. We have a small three bed house right now for a family of four that probably needs two offices going forward to work from home.
This means a five bed house with a small bit of land around it. Probably around 500,00 ready to walk into.
That means a big mortgage of 1500 per month split in two.
Another 1000 a month for bills and such. Then 500 for savings, pints, fun ect... for the month.
Probably looking at 2,500 a month to be comfortable after taxes.
30,000 a year by ten years is 300,000 to be comfortable in my life as it stands. That would be a good number to have in the bank or a savings account to be secure in my finances.
It's not actually that much considering how fast you can multiply some funds if you get going.
that's not even counting the risky money that i could put into crypto funds and the possibilities for earning over those ten years.
That would free up my life for what i want to be doing safe in the knowledge that my expenses were covered for the next decade. That is a good position to get into and frees up the riskier bets.
Looking at how the hive eco-system has expanded over the past couple of years gives me a lot of hope to getting into that position sooner rather than later.
Things are growing so fast and expanding in so many directions right now that i can only see it being a success. One that i was lucky enough to be here early for and took a bet on.
It's opened up so many options for the community here and continues to provide more chances to get involved in the eco-system every week.
Financial security is always the goal and being able to create my own path in life without being held to ransom by a wage.
That is only a faint dream to a lot of the world but if they knew what we know then they could try to change their lives as well.
Start earning form any of the opportunities here.
Invest it back into that business.
Earn more in the future.
Keep repeating until you have enough to repeat the same in the next project and keep going.
It might not work out for any of us but if it does we will be in a great place for the future.
