Can You Imagine a Crossover Point in Your Future
This is when you get to turn your dreams into plans.
Planning involves taking concrete steps to create the conditions that will make your dream of financial independence become reality. Planning includes looking at what you want to do with your independence – and at what effect that might have on your expenses.
Take some time to seriously consider, in detail, what your life might look like in the future – and take this into account as you project your expense line out toward your crossover point. How long will it take to reach that crossover point? It depends on:
Planning involves taking concrete steps to create the conditions that will make your dream of financial independence become reality. Planning includes looking at what you want to do with your independence – and at what effect that might have on your expenses.
- What expenses might go up if you aren’t working and spending your time in other ways?
- What expenses might go down?
Take some time to seriously consider, in detail, what your life might look like in the future – and take this into account as you project your expense line out toward your crossover point. How long will it take to reach that crossover point? It depends on:
- How much monthly income you need
- How much capital you have to invest
- The rate of return on your investment