An Overview of My Lifestyle Design Plan
I decided to do some writing to turn a portion of my trip into a working vacation. This is the extent of my working though so don’t feel too bad for me.
I say this also because I’m sitting drinking a Moscow Mule in Nassau, Bahamas. I’m in the middle of a nice vacation with the kids during their Spring Break.
(The drink is supposed to be a detox drink they say, with Grey Goose Vodka. I won’t question how they came to that conclusion, but hey what do I know; it is an Alchemy bar.)
Tim has always been the champion of Mini-Retirements and lifestyle designing, getting people to think about leaving the 9-5 and live the lives they dream about without waiting until they hit 70.
I started getting interested in these concepts after reading the 4 Hour Workweek way back when it was first published. I loved the idea of this and it really motivated me to seek out alternative income generators to supplement my employment.
All this was in the hope that I could turn any one of these into income that could be produced from just a laptop and an internet connection.
I figured once I achieve this then I would essentially be “Free to Move Around the Country” as touted by the Southwest Airlines commercial.
While it wouldn’t quite be retirement it would move me closer to having more freedom because it meant I could work from anyplace, including Nassau, Bahamas like I’m doing right now.
I haven’t replaced my main income yet doing this side gig but that’s the goal. I am getting closer to it month by month.
What I’m Learning
One thing I’ve learned on this journey is you never stop learning, and if you learn from your mistakes and keep moving forward you will eventually have success.
As Mark Cuban always states on “Shark Tank”, you can fail many times but you only need to be right once to achieve success.
I have a new goal set which might be a little difficult to meet but is doable if I continue to progress.
My Retirement Goal
Unless I hit a homerun on one of my side gigs, I plan to combine the income of my side gigs and regular income and completely retire in 9 years.
Now this won’t be too early a retirement but it would put me at age 55 and much better than the average person (many of whom never can retire with financial freedom).
Also by then my house will be paid for, no other monthly bills other than utilities, and my kids graduated from college.
Since I’m a single Dad, I can get away with much less income than I have now and still be able to travel and enjoy life without scraping up money or worry.
The thought of being able to rent out my home for additional money also, and just decide to maybe teach a subject (just because I want to) in a foreign country for 3-4 months, then maybe travel to visit my kids for a month at a time is very enticing.
I love to travel, love to teach and write, so even though I would officially be retired, I could work on my website and continue to earn there as well.
Any extra side gigs would be pure gravy at that point.
That’s the plan, now to just keep knocking away at it.
Let me know your thoughts and plans.
Do you have a lifestyle design you wish to accomplish?