One of the main reasons for my wife and I to return home to New York City was because of my parents. They were getting older and started to physically and mentally decline. As the youngest (and only) son , I was expected to be around to help them. And, eventually, take over their affairs.
But as much as I tried to get them to plan, my elderly parents simply refused to take action. And I don’t think this is unique to them.
So when the critical event doeshappen – a sudden medical emergency, such as a fall or a stroke – you are almost always scrambling to do damage control after the fact.
If I weren’t (almost) financially independent, I don’t know how I could possibly have managed things.
The prospect of our inevitable death should make us appreciate our life so much more.We all think and act like we will live forever, or, at least until some far off, future date that we prefer not to think about.
This is very much how I thought of my time on this earth. As a child, I was obsessed with academic performance. And then for almost 20 years I was obsessed with my career and compensation. In the past few years, I’ve been obsessed with financial independence.
But this was always in the context of balancing an enjoyable and fulfilling life now with an even more enjoyable and more fulfilling life in the future.
What if that future turns out to be only 5 years later? or 2 years? or 1 year?
I went to the gym recently, the first time in roughly 12 months. I had taken a break from my expensive, high end gym in New York City in order to reduce a high recurring expense. But then I cancelled it because my job at that time had become really stressful, and I didn’t have time for consistent gym work out sessions. Big mistake.