After sleeping most of Thursday away. I want to talk about financial independence and here is my main argumentation for financial independence especially high influential figures within the Christian church. Because of the recent Statement on Social Justice that I wrote about in my previous post. Some people contacted Dr. James White and others about wanting to sign that document, but can’t because the Christian organization that they are working prevented them to sign it.
Now, if one is financially independent they can make that decision even easier. If one is living frugally or enough to set aside a big chunk of their income into one’s portfolio, then can take that risk and sign it, possibly get fired and still be OK. I’m not talking about a 401k or anything that is attached to the employer. One could set up their finances in such a way that they can bring in an income every month. It is called getting an online brokerage account that one buys and sells shares of publicly traded companies. Most brokerage accounts charge a fee when one does a trade, usually it is up to $10. The price has came down over the years because of competition. The nice thing about this model, is that if one doesn’t trade they don’t pay any fees (depending on brokerage). One can live off their investment portfolio for decades with out paying any fees, technically. But one should continue to buy at least ever quarter or so until they are unable to function either physically, mentally or both. If one buys a set of stocks every quarter that means they only have to pay $40 in fees for the year (if the fee is $10 per trade). There are thousands of companies to choose from but if one needs or wants an income stream flowing right away, one must choose companies that pay a monthly dividend. There is a list by sure dividend that list out consistent monthly paying companies.
Here is the link - https://www.suredividend.com/monthly-dividend-stocks/
There is more monthly dividend companies than the list but in terms of consistency they only focused on the ones that only pay a monthly dividend for years. One needs to research and get to know that company before one buys into a company. Most of these companies dividends are taxed as regular income, in the long term it would cost more in terms of taxes but it does offer flexibility. If one is getting a good $300 per month in dividends and they want to use that money for something else like buying a better computer there is also that option. This dividend plan that I lay out offers flexibility not the most tax saving idea out there. If one’s goal is to pay less in taxes there are other ways to invest that does offer less taxes. But in terms of flexibility, this particular way is much more flexible. This is why I have chosen this idea of “retirement” instead of more traditional route.
Don’t get me wrong, it is still not easy to make a decision like this even if one is financially independent. But if one is financially independent, that is one less issue to worry about. Am I there in terms of financial independence. No. Did I sign it. Yes, the reason why I signed it is based off of conviction and knowing that my employer wouldn’t care about it because I work at a secular place. Plus in the position and work schedule that I’m in, no one really knows me, except the people that matter like my boss. Plus, they would lose a hard worker. And moral would go down the tubes if I’m gone.
Also, I’m not saying one has to be financially independent either, they could just roll the dice and see what happens if they signed it. This is why TSK Jesus Freak will always be independent. I can be as cavalier as I want. Sure it does have its downsides but I rather live with the downsides and be independent, then being controlled.
Terence S. Kruger (Jr.) is all about bringing a Christ Centered Libertarian Philosophy to the world.