Can We Coast to Our Financial Goals?
As I continue to reflect on getting closeer to reaching our millionaire net worth milestone, I am becoming more optimistic and excited about what the future holds.
I've pondered whether we could just tread water at this point and still reach out financial goals. That is if we just earn enough to cover our living expenses going forward and left our current assets to work and compound, then could we get to our financial freedom goals? How huge is that?
While reflecting on this idea, I've found its been a huge weight lifted off our shoulders. Mentally I don't feel nearly the pressure to stay in the rat race and as a result I'm a lot more optimistic about what we could accomplish.
It you look at our net worth reports you'll see our assets include roughly $600k in stock investments and ~$450k in investment real estate (based on cost basis). Could these investments continue to grow with little or no additional investment over the next 10 years to add an additional $1 million to our net worth?
Its certainly a reasonable possibility -- our assets at this point would only need to double over the next 10 years. I will of-course continue with the rat race for now as the additional savings we earn from my career will reduce the risks and increase the likelihood of reaching our financial goals that much sooner.
The thought of being able to coast to our goals at least gives me more confidence that we are in a decent position to actually reach our goals regardless of what happens with my career going forward.
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