Life is not interesting without risks and projects…
Last Saturday, we packed our entire family for a 40 minutes drive for a race. My wife did a 5km, my son did a 1km and both my son and daughter did a 1km Xman race (with obstacles). It was an amazing day. We were freezing (it was 3 degrees!) and we were more soaked than when we hit the pool during a warm day (it has poured rain for the past 5 days!). But, it was one of the best weekends we had enjoyed for a long time! Why? Because we did something unusual. Because while most people were sitting on their coach thinking how this Saturday sucked, we were laughing and screaming to keep ourselves warm. Even my toddler had fun (what kid doesn’t have fun when they are allowed to jump in a puddle of mud?). From 8am till 1pm, we were outside having the time of our lives. I felt alive, truly alive.
It has been about 6 months that we started an ongoing discussion between my wife and I. Since this winter, she feels bored at home from time to time. She is darn occupied, that’s not the point; but she is constantly cleaning the house, going to get groceries and she doesn’t feel she has enough time to spend with our little toddler. She has been at home for the past four years now but I think she started to feel the routine burden on her back. Even worse: since we want to finally pay off our debts, she is limited with the amount of activities she can do throughout the week. This whole scheme sucks. We needed to find a solution.
She thought of going back to school, but doing a bachelor degree (even part time) is very time demanding considering we have three kids. I do have flexible hours but I couldn’t be home at 4pm to take care of my kids and help them do their homework either. I can take off from time to time, but I usually end-up just working longer hours the following day to catch-up. Therefore, if she goes back to school, it would draw money away from our account, it would complicate our schedule to a ridiculous point, she won’t spend more time with our youngest boy and she would complete a bachelor degree for a job she wouldn’t want to work 40 hours/week. So going back to school wasn’t a real solution.
Pursuing our discussion, we started to talk about opening a daycare at home. How cliché is that? How many mothers / stay-at-home wives do that? The answer is “a lot!!”. The difference for us is that my wife is qualified to operate a day care as she studied and worked in this field for several years. Kids would benefit from an awesome environment since our playroom was previously a daycare. The playroom is situated on our main floor and is way bigger than any daycare classroom you have ever seen. The job is known, the investment is minimal and the need is there. Oh! Did I mention that my wife has gotten over a dozen requests since we live in that house for a daycare?
Half of me didn’t to get there. That half thought I could make it by simply making more money. However, if I want to retire early, I realize that I need to pay off my debts faster. Instead of becoming frugal (from the professional spender I am), we can make over $1,500 per month from the daycare that would directly go to our debt payment. The plan is to make roughly $2,500 per month from the daycare, use $1,000 to run the daycare and pay for a cleaning lady. The rest will be applied on our debts.
With this decision, it’s obvious that we are leaving our “comfort zone” where we spend 100% of our weekend to do activities where we will have to do some household chores to compensate the fact my wife is working. The point is not to run a daycare forever. But if we can concentrate on working very hard for the next 4 years (until my last kid goes to school), pay off our debts massively and then, finally retire (by the age of 35, remember?).
So what do you think? Would you leave your comfort zone for more money? Are you willing to work harder for a few years in exchange of financial freedom?
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