This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Take time off without depressing financial logistics
Maintain a large portion of your capital in investments, so your money is always working for you around the clock, 24/7: Don’t allow your money to sit still in bank accounts that don’t earn you any money. Place your money in worthy investments that earn you interest.
Have multiple streams of income – especially passive income- so you don’t have to work your entire sabbatical: When you have multiple income sources, taking time off is easy because you’re not reliant on one income source. Multiple income sources bring in more dollars.
Keep your expenses low: At all costs, keep your expenses as low as possible. You don’t have to worry about spending too much money when your expenses are low. You always have money left over at the end of the month, and your emergency will never run out before you reach your 12-month mark.
Always spend less than you earn: If you earn 10,000 dollars a month, don’t spend 11,000 dollars. Try spending 5,000 dollars and saving the rest. The longer you spend less than you earn, the more money you’ll acquire over time.
Continuously find new and easy ways to earn money (utilize your talents or learn about other spaces to earn money): Never stop learning about new ways to earn money. You never know which avenue is going to be the one that brings you to your financial goals.
Share the load (roommates or family): Slash your expenses by living with family or roommates. Living with others can help you save considerable income, invest more, and take time off because your expenses are so low.
Calm down w/ the entertainment, travel, and recreational activities: Watch your spending on superfluous items and activities. If you’re not careful, you’ll blow away your budget and savings on things that provide no value.
Question your expenses and then question them again: Whenever you review your budget, ask yourself, do I need this, and how is it providing value to my life? Continue questioning every single expense. Don’t be afraid to eradicate things that you feel you might miss. Most stuff we simply don’t need.
Get insurance through alternative methods: If you’re concerned about health insurance, check out this article about not needing an employer to carry a solid insurance plan.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.