Like many other dividend investors out there, my end goal in building a portfolio that provides me with an everlasting stream of continuously-increasing passive income is to someday reach the elusive state of financial independence, where you are able to sustain yourself financially entirely from your own wealth, without needing to exchange your time and skills for a paycheck.
Not everyone wants to achieve financial independence for the same reasons, mind you. Some people chase it in order to quit their “nine-to-fives” and escape the rat race. Some people seek it to become mobile and travel the world frequently. And others yet simply want to spend more time with their families and loved ones.
My motivation kind of lies in the middle of it all. I’m not in any rush to quit my job, as I actually truly enjoy the company I work for and the position that I own. I’m also not stricken by wanderlust like some people, though I do enjoy traveling. And since I highly dislike children and have absolutely no desire to ever conceive any money-siphoning poop-producing parasites of my own, I’m not in massive need of tons of extra free time (though admittedly it would be sweet to be able to spend hours just playing video games, watching netflix, or coding cool algorithms without worrying about anything else).
No, my motivation for achieving financial independence is simply to not have to worry about money anymore. That’s it. I want to free myself from the limitations and anguishes that money, or lackthereof, imposes on your life. When you depend on a paycheck in order to, well, live, things can be a little scary and uncertain. But when your paycheck is split evenly between 30+ sources and none of them depend on your doing anything other than spending a few hours every month managing (and I use the word “managing” loosely here, lol) a portfolio of stocks, life suddenly becomes a lot less stressful.
Will I someday want to peace out from the corporate world for good? Maybe. Will I someday yearn about leading a nomadic lifestyle, traveling the globe every other week of the month? Perhaps. Will I someday experience a change of heart and feel compelled to start a family? Possibly Fuck no. But I do want the option to do anything, should whatever that thing might be were to ever become something I actually want to do.
Now, I’m only 24 years old, so of course my interests, desires, life goals, and motivations might change, and perhaps drastically at that, within the next few years, decade, or decades. But that doesn’t change anything. In fact, that’s exactly why I am traveling down this dividend-investing path.
I’m not chasing financial independence in order to do something; I’m chasing it to have the option to do any number of things.
Also, I love fluffy kittens.
Why do you seek financial independence? Is there a specific reason driving your pursuit, or does your motivation fall more in line with mine?