Part of this weeks task in “The Quick Start Challenge Week 2 Challenge” is to talk about my ideal life and the cost to fruition.
Well, my dream life is NOT what I am currently doing, as a Mental Health Support Worker, especially if tonight’s experience is anything to go by. The sooner the better for it to materialise.
I am a type 2 diabetic and work night against my natural body clock, which is a vicious circle. My energy levels can drop instantly or I can become very sleepy due to the disease. I know that I need a backup lifestyle for the day when physical work may be impossible.
I have always known my “Why” since day one, and rather than repeat it all again can be found on my goals and dream page here. (Opens a new page).
My desire in life has ALWAYS been to help others first beyond my own needs. However, to fulfill my dream lifestyle I do need to put myself FIRST to gain that freedom security required to ditch my night job and work for myself. To do this I have basic requirements to simply replace my current income plus a margin of safety as a backup
So to make this possible I would be looking at this.
Income Replacement $35000 per annum. This would cover my current needs, debts, car expenses, rent, heating and electric etc. Plus a buffer for unforeseen expenses and emergencies
However, we do all have dreams of things better than existing. I am no different and value nice things too for my rewards. My dream purchases would be…..
Car-like An American Corvette, Porsche or even a Range Rover Sport. These all range from $60000 to $120000.
I currently rent a flat via a housing association so feel relatively secure. But, there is nothing like your own home. Locally I could buy for my needs from $70000 to $150000.
I have not done much traveling in my life and a goal of mine is treating myself to some holidays. I would want to expect to spend at least $6000 to $12000 per year including all costs of spending money etc.
I have always desired a yacht and one day hope either own or regularly charter one. This can be anything from $15000 to $50000 per weekly charter depending on boat size etc.
SUMMARY:
Basic requirements for self-employment would be $35000 PA, with my existing setup.
New Dream Life requirements.
Car $60000 to $120000 over 60 months.
House $70000 to $150000 over 300 months
Holidays $6000 to $12000 over 12 months
Yacht Weekly Charter $15000 to $50000 over 12 months.
Totals $145000 to $330000.
Monthly (Low Dream Life)
Basic Salary $3000
Car $1000
House $300
Holidays $500
Yacht Charter $1250
Total $6050 per month.
Monthly (High Dream Life)
Basic Salary $3000
Car $2000
House $700
Holiday $1000
Yacht Charter $4200
Total $10900 per month.
So between $6000 to $11000 per month would make my low dream life come true. But the upper figures steps towards my high dream life.
Anything above $11000 per month would then benefit my ultimate dream to help others off the street, with a second chance of a helping hand and life skills to regain their lives, as outlined in my goals and dreams page.
Now that I have done this exercise it seems more achievable with the right help. Thanks, Craig and Dean for “The Quick Start Challenge Week 2 Challenge”.
5 Comments
simone richardson
September 24, 2018I hope your dream life is yours soon
Irena Stopar
September 24, 2018Gary, I would like to congratulate you for taking your life in your hands. You have big dreams. 🙂 I especially love that your health issues don’t stop you from being positive and helpful. I wish you all the best!
Gary Watson
September 24, 2018Thanks, Irena – it certainly has been challenging but I am on the fight back now.
Tina kneeshaw
September 24, 2018Great post Gary, and a great dream life. I look forward to the journey with you!
Love your blog also!
Gary Watson
September 24, 2018Thanks – it has been a hard slog for the last few years with my diabetes, but I am back and looking to fulfill my dreams.
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