In the full-time employment, I had been told to be able to multitask and increase the work efficiency. I have gone through the mills and am of view that it will be more productive to focus on just ONE thing at a time. By focusing on just ONE thing at a time, one can have it all.
This is especially so when I experienced during these nine months from the full-time employment. In my perspective, one needs three things:
The money is no brainer. As much as people like the wrap themselves around the warm and fuzzy notion of “money is the root of all evil and one does not need it”, the truth is that one’s happiness is intrinsically tied to money. One may not be willing to admit it, but, in order to be happy, one need money. One needs enough money to keep himself/herself fed, clothed, and secure. The good news is that, above a certain threshold, extra money does not actually add to one’s happiness.
Passion drives one. Passion motivates one. Passion is what one feels deep in his/her hearts, when one is his/her true, authentic selves. “Do what one love, and one will never work a day in his/her life”. I appreciate it when I quitted the full-time employment. It took a lot of work and many years (about 18 years in my circumstance). I am much happier at the present moment.
Freedom – Without freedom, neither money or passion matters to me. The freedom to choose where one lives, to choose who one spend his/her time with, and to do what one want with his/her time. This leads to happiness and fulfilment, because one can live his/her lives as per his/her wish.
The focus will be as per my perspective:
- Focus on way to make more money with the aim of reaching FI as soon as possible. (Achieved in my circumstance)
- Focus on doing the things one love on the side – Passion (Not applicable in my perspective).
- Win the freedom with the Passive income (Achieved in my circumstance and I focus on doing the things which I like in my circumstance).
WTK I have read instances in which people delays the repayment of big ticket item such as the housing loan although they have the fund to do so. They use the fund for the investment which will supposedly generate the return at higher rate than the interest rate in which they take the loan. I will not have opted for such decision even though I have no housing loan at the present juncture. I feel that it is more important to have no outstanding loan at the present moment if I have the financial means to settle the loan in full. It gives me the peace of mind without the existing loan at the back of my mind.
This gives the liberty and ability to quit the full-time employment without any worries of the outstanding loan. In the event if I need to buy a property, I will opt to settle the outstanding amount in full. I will not buy the expensive property which is likely to be prime area of the current place of my residence and opt for the less expensive and affordable property in the less demand corner of the place of my residence.
The above circumstance is my preferred decision and peace of mind is of upmost importance for my well- beings.