It’s amazing how the obvious can stare you in the face for a while before you actually see it. Case in point I finally got around to adding up all my none day job income for my family (ie: daycare + school board + investment income) and was a little shocked by the result. It almost exactly equals our spending. I’m right on the edge of not needing my day job at all.
Just about anything little change at this point will comfortably shove me over that edge. So if either my wife takes another kid in the daycare or we cut back a bit on the accelerated debt repayment and reduce my mortgage payment would do the trick.
I rather liked my wife’s reaction to this news, she said “No, you can’t quit your day job.”
To which I replied “No, I wasn’t even thinking about that.” Actually I was more still in shock of the result than anything when I said that. To suddenly realize I’m right on the edge of not needing my day job is liberating in the extreme. It’s not true financial independence where you don’t need any job at all, but it a huge step up from the typically wage slave existence that we typically spend most of your life in.
So this allows me a particularly useful gift. I can view my day job very differently. I’m no longer tied to my career. I need a job, not this job anymore. I’m no longer there to put food on the table and keep a roof over my head. I’m there because I choose to.
I’m there because I want to fund my complete financial independence from any job. Threats of a layoff or being fired are now not even threats but rather opportunities to do something new. Semi-retired just went from a idea to a valid choice. I’m not sure of the complete implications of this yet, but it does give me another avenue for thought.