Feeding Your Future
Food is probably my second most favorite thing to talk about outside of Travel! It is something most of us love, and it’s a requirement for survival! Food isn’t just something we eat, it’s also something to consider on how we are feeding our minds, mindset, and our futures!! Over the years I’ve taken the opportunity to really pour into feeding my mind and mindset, and one of the primary drivers that stimulate me is the desire to create a wealth goal and help others to do the same.
See most people that I talk to are working their butts off all week long, feeding into a job that doesn’t appreciate or value them and for a paycheck that stops paying them if they stop working. That’s great, but one thing I have learned is that residual income is the key to really feeding your long-term goals. Life, in my opinion, and success truly equates to the life one can live based on the hard work they have put in. If we are married to a job that we hate, then we spend 78% of our lives just waiting for Friday.
Within the scope of the professional world, freedom is a word that most would use to describe Friday afternoon after work or the end goal of a career driven life where retirement can begin. Now I was always told that retirement was something that we worked towards and could look forward to after working for X number of years and building up a portfolio, pension, lump of savings, etc. That we could live off of retirement for the rest of their lives as a residual check that came in every month as income.
The caveat is that the real secret is retirement is NOT age, it’s merely a number. I bring up that point because so commonly we think we need to put time and energy into decades of work to come out at the end of our lives and try and ‘retire.’ One recent revelation that I have come to is that people were not retiring when they were expected to, and the workforce is getting older and older. It has been proven time and time again that 'insanity' is doing the same thing over and over again yet expecting a different result. If that is the case, then why do we keep feeding ourselves the financial advice of our elders when we can watch the world around us and see it’s not currently working for a majority of them.
What if there was a way to shorten that gap and condense the time frame; since retirement is a number and not an age, picking up a side hustle of some kind could help reduce that gap of when you can and are able to retire. The table below shows the savings that would need to be obtained and the interest of the account to receive a check every month/year residually of X dollar amount. If I could give any advice to not only entrepreneurs but everyone who reads this article is to work on developing multiple streams of income to ensure that you don’t find yourself in a position where you can’t retire and to truly feed the future you want to create.
If Jonathan Anderson-Ingebrigtsen could have any dream it would be that people spend more time making fun and quirky memories while seeing the world around them. Life is too short to wait till tomorrow or live life on a some-day mentality.
He comes from the structured world of corporate HR and company cultural redesign and made the transition to a life that allowed him to become a Travel Blogger and Real Estate professional serving our Veteran Community while Living Full Time!
When he is not traveling around the world or helping his clients find their dream home, he loves parading around the house dancing to music, networking and developing others to help them reach their full potential, all-while munching on sour-gummies of all kinds.