Posted by Tim Stobbs on November 20, 2007
I think we as a society tend to limit the potential of people by using the word “impossible.” Whenever I talk about retiring VERY early people tend to just smile and nod and you can almost see the thought behind their eyes of “this guy is trying to do the impossible, he is crazy.” Yet to me it is not even remotely impossible, in fact I think my dream to retire at 45 is likely to happen depending on a few variables.
So what is impossible? Well just about nothing is truly impossible. There are a huge number of things that are unlikely or statistically remote, but can still happen. Even if your odds are a 1 in a billion, it is still possible. Unlikely, yes, but still possible.
Perhaps this is why I tend to do things with little regard for what’s impossible. I reach almost daily for my dreams and more often than not I do reach them. For example, I mentioned to my boss the other day I wanted to take some time off when our baby is born. He almost choked when I mentioned a 4 to 8 week leave, but then he thought about it and said “We should be able to work around that to give you the time off.” I had just happened to hit the perfect time where the future workload wasn’t set that far down the road yet.
Then I stumbled upon two other things to help my dream. First our Christmas shopping is currently way under budget and we are two thirds done. If this continues I should be able to make up my $50/month short fall to finish off my saving fund to take off 8 weeks after the baby is born. Then a left hook took out my plan when I realized I would still have my deductions from work for my medical plan and other benefits. So then I found my second item that helped my dream. I realized I was literally staring money in the face. I currently run my chequing account one month in advance so November’s pay is used in December. By dropping that cushion slightly and taking out my mortgage payments out when I get paid, rather than the month after, I can move an extra $1000 to my savings.
So now I’m well on my way to taking an extra two month leave next year in addition to my regular holidays. If I add up our recently reduced work week and my leave I’m going to actually work 400 less hours next year in total. Not too bad for a dream, eh?
In the end I challenge everyone to forget what’s impossible and embrace being ‘crazy’ to others. You will likely be happier from reaching your dreams more often and more wealthy since you won’t have the slightest interest in keeping up with the Joneses. After all when you are living your dreams, who cares what you drive?
This post is now part of the 128th Carnival of Personal Finance.