In line with my previous post, I have noticed a lot of comments and articles on the FIRE blogs lately about what folks plan to do (or are doing) once they achieve financial independence. They often follow a pattern of travel and doing projects/tasks that you put off because you didn’t have the time. This typically occupies folks for the first 12-24 months once they “retire” and then the hard part comes in.
Some folks like “Mr. Retire by 40” turned into the stay-at-home dad, while his wife continued to work. His wife enjoys her job, so they’ll keep at this for some time before they both retire. In the meantime, he takes care of their child, travels in the summer, and continues his work on his blog and other activities.
Others, like Mz Liz or ESI money have taken up counseling folks on financial independence, investing, and how to financially improve their lives. They have taken something that they are good at, have a passion for, and sought to “give back” to the community.
Still, for many others enroute to financial independence, the question remains of how we are going to fill our time once we have so much of it to fill.
For me, I know that I will need to find something to occupy my time, due to my mindset. I’ve been a “go getter” all my life, rising through the corporate ranks. I don’t see myself “kicking back.” My wife says our vacations are always busy, going from place to place, always on the move. My “retirement” will probably be the same. I have a couple of things which can occupy me for the first 12-18 months (finish the Appalachian Trail hike, road trips throughout the US, visiting family and friends, etc.) – but eventually I will need something to occupy my time.
Right now, I’m looking at several options:
- Volunteering: I have several things I would like to volunteer for, including Habitat for Humanity, teaching, mentoring and financial advisor
- Real Estate: Either as a realtor or getting into flipping and renting, I have always had an interest. I need to do some informational interviewing of realtors to get more data.
- Finance: Either as a registered agent and counsellor, as a volunteer, or working with the web, I would like to help people achieve the financial independence that I have.
Of course, something else may pop its head up, so we will see.
What are you thinking of doing once you are free?
Mr. 39 months.