{"id":84786,"date":"2017-12-18T05:00:20","date_gmt":"2017-12-18T12:00:20","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=84786"},"modified":"2021-03-16T12:17:32","modified_gmt":"2021-03-16T18:17:32","slug":"become-financially-free","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/become-financially-free","title":{"rendered":"5 Ways My Life Changed When I Reached Financial Independence"},"content":{"rendered":"<p>It&#8217;s true. I started investing because of my &#8220;financial blueprint&#8221; growing up. That blueprint is:\u00a0&#8220;What if X happens and I have nothing to fall back on?!&#8221; Luckily, reaching financial independence (FI) wasn&#8217;t too lofty of a goal, as it turns out. My lifestyle didn&#8217;t need much trimming to set a real, attainable goal and use\u00a0real estate to reach it. \u00a0The biggest thing investing has done for me was give me peace of mind\u2014and it has been in more ways than one.<\/p>\n<h2>5 Ways My Life Changed When I Reached Financial Independence<\/h2>\n<h3>1. Worst case scenarios are no longer worst case scenarios.<\/h3>\n<p>About to lose a job or need to switch careers? Who cares? Being FI means\u00a0annual spending is covered by the investments&#8217; cash flow each month. I&#8217;ve been toying with the idea of leaving my job for quite some time and starting a new chapter in life. One of my &#8220;worst case scenarios&#8221; would be losing said job and not being able to find another one without significant retraining.<\/p>\n<p>Does it still worry me? Yes, but less so as I continue to invest. Is it the worst case scenario anymore? Absolutely not. In fact, it&#8217;s such a small worry that I think I might quit this summer and take a few months off before I start looking for part-time employment.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-83720\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/perseverance.jpg\" alt=\"perseverance\" width=\"702\" height=\"336\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/perseverance.jpg 702w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/perseverance-300x144.jpg 300w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/p>\n<h3>2. I&#8217;m not consumed by work stress.<\/h3>\n<p>This is a variation on a theme, but after my day job, I teach dance and violin lessons. My husband and I also host a church group at our home once a week and frequent another outside our home. That&#8217;s a busy lifestyle, even if lovingly so. The good thing is that suddenly I&#8217;m not concerned about what my career trajectory will be in five or ten years and what I need to do now in order to get there. I&#8217;ve been able to pursue my hobbies and spend time with loved ones on a regular basis with the full-time job, but I&#8217;ve noticed a significant decrease in stress because I no longer need to &#8220;play the game&#8221; in any way, shape, or form.<br \/>\n<em><br \/>\n<strong>Related:<\/strong> <a href=\"\/renewsblog\/use-leverage-wisely\" target=\"_blank\">Dave Ramsey is Wrong: You DON\u2019T Need to Be Debt-Free to Hit Financial Freedom<\/a><\/em><\/p>\n<h3>3. My priorities straightened out.<\/h3>\n<p>Priorities. Being financially secure is a priority for almost everyone. So once that&#8217;s taken care of (at least on a survivable level, not an extravagant &#8220;anything you could ever dream of&#8221; level), life doesn&#8217;t seem so cloudy. I can stop and smell the roses. I have a much weaker connection to the physical things I own as a result of plugging into <a href=\"http:\/\/www.mrmoneymustache.com\/\" target=\"_blank\" rel=\"noopener\">Mr. Money Mustache<\/a> and <a href=\"http:\/\/www.theminimalists.com\/\" target=\"_blank\" rel=\"noopener\">The Minimalists<\/a>.<\/p>\n<p>I&#8217;m not as &#8220;frugal&#8221; or &#8220;minimalist&#8221; as they are, but they have some lifestyle values that greatly align with my own. I am unplugging, slowing down, and being with the people around me much more as a result of not being so stressed out. I&#8217;m not secretly running through tomorrow&#8217;s meeting while someone is telling me about their day, which allows me to be more genuine.<\/p>\n<h3>4. I have the luxury of being picky.<\/h3>\n<p>This is possibly the best and worst part of being FI. Suddenly jobs that require 50+ hours minimum each week and 90 percent travel aren&#8217;t as appetizing. Being the single point of failure or the person EVERYONE relies on at a job seems like too much hassle. Is this being lazy? Maybe to some. To me, it&#8217;s being intentional. So now I&#8217;m considering part-time employment as my next step to contribute to society, have a sense of community and purpose outside the house, etc. But not right away. Instead, I plan to see if I can fulfill that in other ways.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-83426\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/productive-2017.jpg\" alt=\"productive-2017\" width=\"702\" height=\"336\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/productive-2017.jpg 702w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/productive-2017-300x144.jpg 300w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/p>\n<p><em><strong>Related:<\/strong> <a href=\"\/renewsblog\/good-news-for-those-seeking-financial-freedom\" target=\"_blank\">Behind on the Path to Financial Freedom? Here\u2019s the Good News You NEED to Hear<\/a><\/em><\/p>\n<h3>5. I gained the freedom to try.<\/h3>\n<p>The freedom to try new things or nothing. To sit outside in the sun with my dog. To do those things I&#8217;d always promised myself but never quite prioritized. And maybe the biggest obstacle of all for some\u2014to find out who I am when a job doesn&#8217;t define me.<\/p>\n<p>Peace of mind comes in many ways. I got more than I bargained for when I started investing in real estate\u2014and even more than that when I reached FI.<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/webinars?utm_source=renewsblog\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-91217\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-01.jpg\" alt=\"\" width=\"700\" height=\"85\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-01.jpg 700w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/08\/blog_ads-01-300x36.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p><em>[Editor&#8217;s Note: We are republishing this article to help out our newer readers.]<\/em><\/p>\n<p><em>Where are you on your journey to financial independence? Or if you&#8217;ve already reached it, how has your life changed?<\/em><\/p>\n<p><strong>Let me know your experiences with a comment!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reaching financial independence WILL change your life dramatically. Some of its impacts, though, are less obvious than others.<\/p>\n","protected":false},"author":87013,"featured_media":84806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-84786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-development"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/84786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/87013"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=84786"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/84786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/84806"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=84786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=84786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=84786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}