Today I start a journey to financial freedom at 45. I did not start this journey literally today, but I have decided that I will journal my thoughts, prognostications, theories and other miscellaneous financial missives as of today.
I will say that 45 was not my original retirement goal, but a decision between my wife and myself to start a family changed the calculations I slaved over. Obviously we now have to make allowances to family spending now, so I am hopeful that 45 will be doable.
I should make it clear my definition of retirement. I consider it the ability to leave my current place of work and to spend my time as I see fit. I want to be able to see my children grow up and have more actual day to day input in their lives. That does not mean I will not work ever again, but I may find something to do that I find more of a pleasure or hobby that can generate some income.
Now I will go into my a brief description of my plan. I call it a passive dividend strategy. For a few years now I have been changing my investing strategy to a primarily dividend stock approach to generate income for the future.
I will get into more detail and analysis about my journey to financial freedom as this blog progresses. Please join me if you wish.