33, 34, 35, years old, healthcare professional. This blog documents my journey of becoming financial independence by 35 years old. I had a passion to heal people from a very young age. However, healthcare is just like anything else, it’s a business. In business, there’s also bureaucracy, so after nine years into the profession, I’m ready for a change. I’d like to work part time. I don’t think I can stand the fluctuating hours, and overnight shift as a full-timer. I still have a mortgage and about $55k $50k left from $100k of student loan, in order to sustain the same lifestyle (I live minimally since graduation, saving Warren Buffet, use leverage wisely to build that first million dollars net worth ). I must make up the income from multiple sources to replace my current income. At that point, I will declare independence! Reaching financial independence (FI) allows me to do things beyond medical, more creative work, research, writing, painting, learn new language, travel, and etc. 🙂 The options are unlimited.
Update: April 6th, 2017. I’ve created The NTH Memorial Scholarship in honor of my Mum and to help students from my high school achieving their dream.
There is a Buddhist story that resonates to me the most about being frugal and financial independence.
“The Monk and The Minister”
Two close boyhood friends grow up and go their separate ways. One becomes a humble monk, the other a rich and powerful minister to the king.
Years later they meet. As they catch up, the minister (in his fine clothes) takes pity on the thin, shabby monk. Seeking to help, he says:
– You know, if you could learn to cater to the king you wouldn’t have to live on rice and beans.
To which the monk replies:
– If you could learn to live on rice and beans you wouldn’t have to cater to the king.
Most all of us fall somewhere between the two. As for me, it is better to be closer to the monk.
What did I do to get there:
I worked multiple jobs before – paid or non-paid. All of the jobs helped me grow. It also helped me become a better public person.
- I worked at a plantation – my dad gave me 2 coffee trees. I picked the 2 best ones in the field. Took care of them. I was earning about ~ $25. Which I later used it to buy a bicycle to ride to school. It was the best feeling ever – owning my own vehicle. 🙂
- I worked as a salesman – sold food at farmer market, I owned my own catering company.
- I served food at a food court at a college – for 2 summers I was sent to a college for an upward bound program. They paid minimum wage but I saved up $1500 from the job.
- I worked a cashier at a gift shop – the summer before college, my friend introduced me to the shop owner as she was leaving for a higher paying cashier job.
- I went an work for grocery store and a couple of hospitals.
- I taught at a college.
- I worked as a researcher
- I owned a couple of companies
- Delivered mails, postcard, flowers and water to patients at a local hospital.
- Fed the homeless and clean up houses with Habitat of Humanity Organization.
- Worked as stand-up comedian at a nursing home.
- Taught the Big Brother and Big Sister Club (Kids need to learn to be big brother and big sister when their mom is pregnant with a little one)
- Did health screening at State Fair and other events.
- Gave tours and guidance to new college student
- Tutored math from HS to college
- Recently, I’ve signed up to coach U10 soccer, but they assigned U12, I took the coaching job anyway. It’s been a load of fun for me.
I want to diversify my investment as much as possible so I can ride out of inflation, deflation, depression, etc. Dividend stocks, income property, cd, bonds, land, p2p lending, etc. I’ll try to expand my horizon. I also want to invest in my health, my spiritual and family 😛 If you reach financial freedom and no one to share it with is pointless.
(I’ve reach FI in August 2015 as my passive and semi-passive income has exceeded my work income and some).