Goals


  Short list of our goals:
  1. Build an income-producing investment portfolio capable of covering our fixed expenses (prerequisite for goal #2).
  2. Retire from full-time employment in the next 5-10 years (measured from 2012).
  3. Relocate to a property in the woods with large acreage and a modest house. -- accomplished 2014
  4. Hike the Appalachian Trail end-to-end in a single trip.

9 comments:

  1. Great goals! Congratulations! We think so much alike (I think all of us who are victorious over the mortgage and debt free do). Yesterday we paid off our mortgage too. No debt now, nada, zilch. I will never go that far in debt again, never. Now its a question of educated risk taking with small sums of disposable cash and primarily building a high yield portfolio along with opening a business that will generate a sufficient revenu stream.

    Good Luck and congratulations again!

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    1. Glad to hear of another mortgage-free success story. Thanks for the comment.

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  2. i just found this blog by googling "take less pay for less stress" and that is what i'm pondering right now. but on the other hand I'd love to pay off my mortgage before i do that. but I might be dead from stress before that ever happens. I am going to read through your blog, but have you taken a job for less money to dump the stress and travel?
    I'm ready to work at mc donalds at this point...

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    1. My wife and I are currently fully employed, but our conversations more and more often move in the direction of (rather serious) joking about how one of us is going to quit their job because it sucks. I think we'll probably continue to work for a few (2-4) more years and then make a decision at that point about what we want to do.

      I have come to the conclusion that there is no such thing as a perfect job. Every job has its own set of benefits and drawbacks. The challenge is finding one that has the best balance between the two. And of course, hoping it won't change too much over time (as jobs tend to do).

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  3. Love your blog, very inspiring. Currently we have $143k left to pay off our mortgage in about 2.5 years. My job allowed my wife to stay home with our 3 and 7 year old but sometimes I look at our plan and think how much quicker we can knock out our "death contract" with the bank. After paying off the house I am thinking about investing money in rental properties to get an income stream going and when things are good and we have kids college funded, when grow up will move to Florida and be a self employed fishing guide. Also love your update on how you tell it how it is at your current job and how people have even more respect for you. I guess for some people working you have to be a Yes man at times, which I have had to do on many occasions due to all the political joys of work, but I can't complain my job has been good to me an will grant me the blessing of being 100% debt free.

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    1. Wow, 143K in 2.5 years would be impressive! Good luck with that effort. It is true that 2 incomes can help boost savings or pay down debt much more quickly, but with the little ones at home there is a benefit to having one parent not away from the house for long hours. Thanks for the comment.

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  4. Wow, 3 sounds pretty awesome and 4 is one of our goals as well. Have you ever read, "A Walk in the Woods" by Bill Bryson?

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    1. Yes, great book. I read that one many years ago but it's remained one of my favorites.

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  5. Great goals! I'm right there with you. I look forward to tracking your progress over the next few years!

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