My Dream Life

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”.