Time is precious. And as time goes by, time is more and more precious because you know that you’ve got less and less of it.
I'm right in the part of life where I haven't that much time left. I arrive early at job and come back a bit late (I'm away from home from 6:30AM to about 6 PM). But I have a job that gives me an income that sets me amongst the 1-2% of the canadian population, so it's hard to complain. But nothing's perfect. There's not just the income. There's also the joy to be at work, and sometimes the two are inversely related.
So, I often ask me at which point I'll say that this is enough? At which point will I drop my big job for something more quiet, where I could live without any worries, but I wouldn't get the income that lets me do basically whatever I want to do and buy anything that's not an overly priced luxury (well, for instance, I could buy a drum or go to Japan tomorrow, but I couldn't buy a Porsche…)
To me, the magic number related to freedom is 1 000 000$. Because if you invest that amount in a smart way, you’ll get 100 000$ each year (based on the historical performance of the market).
If Penetrator can reach the 1 000 000$ level, he’ll be able to slow down, leave his job for a job with less responsabilities and less pressure. He’ll can easily get a job that earns 80 000$ a year, which would be enough to cover all his expenses (because when you’re a 40 years old professional, that’s about the income you could get).
With a 80 000$ income, the house and the car are paid such as the usual expenses (food, gas, school, etc). Penetrator still has some money for his hobbies and a little money to invest on the stock market. But not that much. Anyway, it doesn't really matter to save money when you have 1 000 000$.
At 40 years old, there's a milestone in your life. You should think a little bit more about comfort. But with one million dollars in stocks, I think there's another milestone: you should stop thinking about saving more money and working for money. You should look for a balance about spare time and money.