Today was my last day of work… No, not quite what you had in mind there, I’m guessing, but close… 😉
Starting tomorrow, I will begin my leave of absence away from work to focus on my health. As I mentioned before in previous posts, I’ve decided to stop running the race… My body is breaking down, so it’s about time I addressed this very important concern.
Sure, I could probably force myself to “suck it up” and grind out the remainder of this year… but at what cost? Making lots of money is great, of course, and investing it is even more fun!!
But if I lose my health in the process, then it will all be for NOTHING!
I’m getting older, so I should also be getting smarter. Enough is enough… I’ve finally decided to shut things down and take an extended break. Health is my number one priority for 2015. I’ve realized, I can always make more money later… jeopardizing my health is no longer an option for me.
As it pertains to early FI, where do we stand now? Well, at this moment in time, I honestly don’t feel like I’m quite there yet. Even though the monthly cash flow is currently sitting at ~$2,700/month, I’m too much of a realist to allow myself to think that I have enough to get by long-term with that… With rental properties (and only seven units, in my case!), the fluctuations from month-to-month are simply too volatile for comfort. A prolonged vacancy or large repair bill would easily wipe me out! Again, these concerns are the reasons why I’m so insistent on stashing lots of cash ($100,000+) prior to calling it quits.
Initially, I wanted to use 2015 to hoard more cash and perhaps acquire a few more cash flow generating assets. Unfortunately, now that I’ve decided to take some extended time off, I’m going to have to scrap that plan entirely.
And one thing I’ve realized on the early FI journey is that you simply can’t plan for everything in life… I’ve spent the last 3 years obsessing over all the details of early FI… You could even describe me as OCD… and all of this has taken a toll…
Sometimes, you just gotta let life happen… I don’t have all the answers right now, so I’m not going to pretend that I do. I just know that I need some rest to recharge the batteries, so that’s what I intend to do. You may have a million questions to ask me… and I have a million unanswered questions as well…
- Will I get paid during my leave of absence?
- Will I have health care coverage during my time off?
- How much time off will I be taking?
- Do I have enough emergency fund to get through this rough patch?
- How will this delay my early FI plans?
- Will I return to work after this hiatus?
- How many more years will I work in corporate engineering?
I just don’t know… All I can do is focus on things one day at a time. I will learn more in the upcoming weeks and months. And I will be sure to keep readers in the loop with everything that is happening with me.
I could be out for a month… or two… or six… Who knows, I might not even go back to work…
I wish I had all the answers. I wish I could say I knew what I was doing. I wish it could just be smooth sailing to early FI and forever after that.
All I know is that I need a break… I’m exhausted… And I believe my body has earned the right to one.