Sooner-Rather-Than-Later-Retirement, Part 2.

Something I like to do when I get nervous is count my marbles. Looking at the numbers and looking at my savings gives me reassurance that won’t be broke like I was once and that I have some breathing room to be JUST FINE regardless of what curve balls I come across in life.

I’m feeling quite nervous regarding my income status these days and that will likely continue for a little while:

Last year in June I published my considerations on planning for sooner-rather-than-later-retirement where I spoke about changes in my employment contracts and new options in life. I’ve been actively working on my work-life balance and making major changes and about 6 weeks I posted some musings on trying to find balance in my life.

I’ve always wanted to work, I’ve never wanted to be a stay at home mom or even a part-time-working mom, I always dreamed of being my own boss and being successful. I always imagined I would spend my life working full-time… until I realized that wasn’t my dream anymore. I burned out in 2014, I nearly did myself in again mid-2017. I am a workaholic.

I’m not very good at finding balance when it comes to work… but I have certainly been making a lot of progress recently. Quitting that government job that I LOVED last year was incredibly sad AND an incredible relief.

I ended up returning to my main hustle on a part-time basis; the family corp, which is going through a major contract update at the moment and I’ll know by early April if we will be closing shop or continuing. It’s sucking up more time than I would like but it is providing the majority of my income which may be anything between $20-$50k this year. I’ve determined I CAN live without the corp income and all the frigging work that comes with it!.

My AIRBNB sidehustle is churning right along and should bring in about $3,000 again this year and sidehustle X has already brought in the expected $1,000 minimum I was hoping to make from it this year. Huzzah! Additionally my passive income as of today is $374.93 per month. I’l l do the math for you; I have an average income of $708 per month without any ‘real’ jobs.

I’ve already established that $6,500 annually is sufficient for my needs and anything above it is just fun money. This comes to about $541 each month, although reducing my spending to that low – ERE style; including only required spending and a tiny bit of wiggle room – that would be in quite dire circumstances. My largest expense over the year is food (groceries, restaurants) since I cover all the groceries for the house as my share of the bills. I do need to revisit that $541 bare bones budget and come to a more realistic budget including fun money, but excluding big purchases and travel and I plan to do that over the next week orso.

I’m a little nervous about this contract update… and that’s probably why I am waxing on about this again… about whether we will lose the main job (and quit the rest), or voluntarily quit – always an option – or whether we will continue the company and hire out some of the tasks I’m unhappy with continuing to do with the additional funds that this updated contract will provide. I’ve run the numbers again and again and again and whichever way I do it, I’ll ultimately be fine. I dislike this uncertainty and would like to just…. get this part over with. Can we skip forward to mid-April?

I know one thing with certainty. I won’t be taking on any additional work again anytime soon. I’ve been working mostly part-time for a little while now! Especially since my last update early February I’ve started to slow down. Wanna know what’s up? I LOVE IT. At first I thought I would continue to apply and search for other jobs anyway… you never know what golden opportunities are out there, right? And I did, I have been applying for things but I know I no longer want to. I’m more at peace than I have been in a few years, my resting heart-rate is a little lower, I feel more calm, I sleep well most nights.

I’ve had more time to spend on hobbies, I’ve had more time to actually spend with my 8-year old niece. I went skating with her and her school on three seperate afternoons. She loved it, I loved it. It’s another one of those things that has frequently been pushed aside in the past because I was working or tired from working. I’ve seen my parents more, in a less hurried way than in quite some time. – still not much though.

You only live once, I need to do a little bit more living now, and a little bit less working. Perhaps this is my way to find a way to do all that.

Published by Renée

I write about my life, travel and my financial up and downs on my blog, Nickel By Nickel, while contradicting myself daily. ;)

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