Mutaz Blog

An interesting thought went through my mind the other day. In personal finance, the goal is to grow your passive income, by means of investing, until it can support your lifestyle, and give yourself the freedom of choosing not to take a salary, and live off that passive income.

What if careers were the same? What if life was the same?

What if, the normal cycle is to get a job, spend a sizable amount of time (10-20 years) building hobbies and side hustles until you become good enough at them, that you are comfortable leaving your current job if you want to, and try out other things?

I am looking at this from my own lenses of course.

I haven't been "investing" in outside hobbies and side hustles that much. Hence, I feel that my career is dependent on whatever my current job is, or the expertise that I have. The risk is that my work portfolio is not "diversified" enough, or hasn't reached that threshold of comfort.

Personal finance teaches you to be disciplined and consistent in your investing. DCA (Dollar Cost Averaging) and automation (“set it and forget it“) are major techniques/mindsets that will contribute to your wealth expanding over time.

Of course, life is much more complicated than investing a few dollars once a month automatically. But the discipline stays the same. If you decide the hobby you want to invest in (i.e the ETF), then one can decide the frequency and amount of time they want to invest in. Then decide how to make it as frictionless as possible to do this hobby with such frequency. Lastly, to do it.

Results will show themselves over time.