A remarkable life.
A life worthy of living. A life that brings you excitement.
In my eyes, the ultimate goal in life is to live the life you want to live. A life that gets you excited each morning when you wake up and grateful each night when you go to bed.
On the outside, this sort of life feels a bit like a fantasy; something we dream about at night.
But it doesn’t need to be that way. We all have the ability to live our own version of a remarkable life.
What is a Remarkable Life?
When you think about the words, Remarkable Life, who comes to mind?
Maybe great thinkers like Benjamin Franklin and Albert Einstein?
What about great athletes such as Michael Jordan or Muhammad Ali?
One person that probably didn’t come up? You.
So, what is a remarkable life then? I define it the following way:
Remarkable Life: An intentional life based on experiences driven by passion and joy; the life you want to live.
Luckily, you don’t need to be a founding father, a genius, or an amazing athlete to live a remarkable life. Instead, anyone of us can create our own version of a remarkable life – a life that we are excited to live each day.
What does your remarkable life look like? Try asking yourself the following questions:
What would your life look like if happiness dictated your actions instead of the need for a paycheck?
What would you do if you no longer needed to rely on a job and instead were able to spend your time doing the things that were important to you?
Maybe you would travel the world or finally act on a business idea. Maybe you would devote your time to you favorite hobby and teach it to others.
Or maybe you would focus your life around family and friends.
Whatever you choose, one thing I feel certain about is that most of us wouldn’t choose to sit in an office 40+ hours a week working for someone else while trying to achieve the desired life/work balance.
Time is one of our most valuable resources – we need to try and spend as much of it as possible doing the things that are important to us; the things that allow us to live a remarkable life.
But How Do I Get There?
I spend a lot of time thinking about about what life would be like if money wasn’t a concern. If I didn’t have to worry about paying the mortgage or needing to put food on the table, how would I spend my time? Would I keep working? Would I travel? What hobbies would I try?
For the longest time, I didn’t think these questions actually mattered. It was fun to think about but it wasn’t something that would happen. It would take millions of dollars to have that sort of freedom.
That is until I discovered financial independence. Financial independence is the key to freeing yourself to live your remarkable life; the life you want to live, not the life others have picked out for you. No one has ever lived a remarkable life when someone else is calling the shots for them.
Financial independence means no longer being required to work just to support your life. Instead, you create streams of income (from assets such as stocks, bonds, real estate, or businesses) that can support your financial needs. Instead of relying on your employer for a paycheck, you rely on your assets and the earnings they provide.
You might be thinking that this would take millions (I know that I always did) but it can be more achievable than you realize.A popular guideline out there, based on the Trinity Study (summed up very well by Mr Money Mustache), is that you need 25x your annual expenses in investments to support yourself. This would allow you to withdraw 4% of your investments per year (adjusted for inflation each year).
This means that the lower you are able to keep your expenses, the less in investments you need to support your spending. For example, if all you need is $40k per year, you would need $1,000,000 in investments to withdraw 4% per year.
But how do I keep my expenses low?
You cut out the crap for the important. You decide that your life is what is important – not trying to keep up with the people around you. You realize that possessions aren’t what define you – instead it is your relationships and experiences that have the biggest impacts on your life.
A remarkable life is about having the freedom to live the life you want to live – financial independence is the tool that can help you get there.
Living a remarkable life is about finally taking control of your life and doing the things that bring you joy and meaning. We all have bits and pieces of a remarkable life already – but to truly unleash it, you need to break away from the control others have on your life.
We are all capable of being remarkable. It all comes down to who chooses to go after it.
Do you live a remarkable life? If not, what are you doing to try and achieve it? Is financial independence a goal for you?
Photo Courtesy of Jay Mantri