Passive income, personal finance and fintech.
Most of the books I've read is either very theoretical, or about a historical event in economy, such as Enron or Long Term Capital Management. But lately I've been reading the book Sapiens: A Brief History of Humankind, which is more a book about our history. And it has some findings I find relevant to my life situation.
The book travels trough history from the very first creatures all the way to present day. A long the way you see how much we have developed, and how rapidly things change now a days considering the long lifetime of homo sapiens.
The book highlights some changes that I find relevant when I think about what I want in life. For example it says that when we went from hunters and gatherers to farmers, our working hours per week had to increase. Now the book highlights many beneficial things about our agricultural revolution, but I keep going back to the thought that we had to increase our work load in order to have the same output. And most importantly, what if I could do the opposite? Decrease my number of working hours per week, but keep the outcome (ie. income) fixed? That is essential my motivating for investing.
Timeinthemarket states the hourly rate of his portfolio each month. Inspired by him, I will now start to list my dividends received per month as how many hours I could have worked less, but still received the same income as I currently do.
My current salary is about $25 per hour and my dividends last month amounts to $215. Indicating that I could have worked 8 hours less in September, and still have the same income.
Now I do not intend to cut back on my work just yet, but I find this as a great motivation to keep investing in the market. Maybe a long term goal could be to have every Friday off, which means, given my current expense ratio, that my monthly dividends needs to amount to 4 x 8 x $25 = $800.