"Have you found the opportunity that''s going to take care of you and your family for the rest of your life? How much time do you spend each week looking for it?" - Jim Rhon
The cost of living is rising, and we could all use some extra cash. But some people have found a way to get two pay slips.
The chance of retiring early is getting less likely, and when you finally retire you don''t have enough money. But some people have found a way to retire 5 years earlier on full pay.
We both work in the NHS as physiotherapists and also run a small private practice. We have two lovely girls who both love their after school clubs. We also have to find time for voluntary school PFA work and for each other. Like many other people, we have seen our income remain static, while the cost of living and saving for the future increases. This has meant a reduction in real time earnings or in other words we all have less at the end of the month.
We started to consider what the future would hold for us in 5, 10 or 15 years. Would we be able to support our children when they needed us most - college, university, first house, weddings? Would we have good enough health to continue working long hours, in a demanding job, into our late 60?s? Could we afford to retire early?
We came to the conclusion that there were two choices. Reduce our expectations and dreams or increase our income.
We decided to increase our income.