Well, it's really happening. I'm about to cross over the 40-year-old threshold and that means my life is at its glorious midway point. It's causing me to think quite hard about things – where I came from, where I'm at, and where I want to be. Heck, I'm even starting to wonder How Many Summers I Have Left?
In some ways, it feels like parts of my life are just starting.
- Career – I'm less than 6 years out of training.
- Family – My wife and I have two very young children.
- Blog – I just started this blog one year ago.
However, my perceptions of a long, happy life and career have changed quite dramatically over the last several years. Up until recently, I just lived life accepting the notion that people work and grind until they're 65, then ride off into the sunset in retirement. I had accepted the notion that you were supposed to just accumulate the biggest nest egg that you could until you retire, then try to live out the rest of your years without spending it all before you die.
Well, like I mentioned, things have changed. I've become somewhat obsessed with the notion of gradual retirement. In fact, I've already started cutting back on work. I no longer want to wait until I'm 65 to truly enjoy most of life. I don't want to miss out on my children growing up in order to squirrel away as many nuts as possible.
When I started this blog, I wanted to be financially independent and “retired” on paper by the time I'm 45. (Hopefully, it'll happen sooner.) I don't want to be 25 years away from retirement, I want to be 5 years away from retirement.
This is all about choice. I want the option to live life and my career the way I want, on my own terms as much as possible. The best way, in my opinion, is to set myself up financially by building up as many streams of income as possible. The goal is for as many of them to be sources of passive income as possible. I want medicine to be a hobby, something that I do because I'm passionate about, and I plan on doing it for quite a while.
40 Is the New 60
40 is the new 60. 5 years to retirement and financial independence. I'm trying my best to make it happen.
Has anyone else's notion of retirement changed recently? When do you want to retire or be financially independent and what are you doing about it?