Gosh, I slept for 12 hours Friday night. I had a cold and went to bed at the same time as RB40Jr (8 pm) and didn’t get up until 8 am the next morning. I haven’t slept 12 hours for years. It’s too bad that I had to wait until I’m sick to catch up on my sleep. Life is still hectic even now that I don’t have a full time job anymore. I usually work on the blog until midnight and get about 7 hours of sleep on average. I take one or two nights off a week and I use that time to catch up on my books and shows. I just finished the first season of Last Kingdom, a BBC historical drama based Bernard Cornwell’s books (one of my favorite authors). If life was perfect, I’d have a little more leisure time and get 8 hours of sleep a night. Actually, life is much improved from just a few years ago. I did not have any leisure time at all when I was working full time, blogging on the side, and being dad to an infant son. Anyway, time flies and I’ll be 50 before I know it. I think I need to simplify my life so I’d have more time for leisure and self development before then.
Blogging takes up a significant chunk of my time. I spend about 4 hours every day working on Retire by 40. Writing, answering comments and emails, managing the blog, social media, and general goofing around on the internet all takes a lot of time. I enjoy blogging, but eventually I’d like to spend less time on it. I’ll probably cut the posting frequency down to once a week at some point. It would probably be a good idea to hire out some of the less enjoyable tasks as well.
Most of my investments don’t require a lot of time so that’s great. The exception is the rental properties. Next week, I’ll need to schedule a tree trimming so the maple will stop dropping a ton of leaves and pollen on the roof. I’m constantly dealing with various issues and I want to minimize that by the time I’m 50. Here are our investments.
- Rental properties – I’ll have to get a good property manager or just sell them off.
- Stocks in taxable account – Most of the money in our taxable account are invested in long term dividend growth stocks. There are just a few stocks that I need to sell off and move the money into solid dividend stocks.
- P2P lending – P2P lending is mostly automated for me, but my auto-screening isn’t picking up enough new loans. I’m going to move this to a fully managed account and see how it goes.
- 401k and Roth – These are all invested in low cost index funds. We only need to check and rebalance once a year.
- Other P2P investments – I have about $1,000 at Kickfurther. Investors can fund small businesses and make a little money. This is like a hobby so I don’t mind spending a little time on the site. It’s interesting to see what kinds of products are being sold.
RB40Jr is growing up fast. He still demands a lot of time, but he can play with his toys with less supervision now. Once he learns how to read, he’ll be able to spend more time exploring books. He already likes looking through the picture books that Mrs. RB40 brings home from the library. This fall, he will start full time kindergarten (8am to 2pm) and that will give me a little more time to myself. I’m planning to exercise first thing in the morning and then go from there.
I’m not really sure what to expect 8 years from now. He’ll be 13 and I don’t know what kind of time commitment kids need at that age. When I was a kid, I didn’t need much supervised time at all. I read a lot and didn’t participate in team sports. My parents rarely had to drive me anywhere. Kids these days seem a lot busier. I guess we’ll see how it goes.
Mrs. RB40 is very busy with work and errands, too. She plans to quit her job by 2020 and that will give us a little more time together. She has projects she wants to do so she will stay somewhat busy. I read that it’s not a good idea for couples to spend a lot more time together after retirement. A little more time together will be good for our relationship. We rarely do anything as a couple these days. The third wheel is always there.
Simplify My Life
So what would I do if I have more time?
- Yoga, tai chi, and meditation – I haven’t practiced yoga and meditation for a few years and I miss it.
- Spend more leisure time with the missus – We could go out more and explore the local sights.
- Catch up on movies and books – I’m way behind on a ton of shows.
- Take some classes at the local community college – I would love to take a photography class.
- Play music more often – This is always on my to do list, but I rarely do it.
- Do some good in the local communities – You need to help others if you want to live a meaningful life.
- Start some new projects…
- Maybe write a book
That’s it today. I have to go to bed early and try to get over this cold.
What would you do if you have more time? Are you trying to simplify your life too?
Image credit: CJ Johnson
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.