Im not sure if i'll be happy working for other people. I do know that I want to work for government agencies and one day open my own non-profit organization. And if it takes working for the government for me to get enough support and financial resources to do my own thing, then so be it. The ends is important enough for me to deal with the means.
Yes, provided that the job is seen as a means to an end, and not the end itself.
In order to achieve financial freedom, you must have the following:
1. Responsible spending habits.
2. A job or other type of income that allows you to earn more than your marginal propensity to spend (business majors you know what I am referring to). In other words, you are earning more than your living expenses.
3. An investment portfolio that allows room for growth.
The trend nowadays is to diversify in order to limit risk, but few people understand the concept behind it. "Diversification" means using several different types of investment to generate income. Most people ASSUME that this means invest in mutual funds or other "balanced" investments that ultimately spreads their funds too thin to see a significant return.
An ideal portfolio would include:
1. Real Estate - high ROI, retains most of its value.
2. Business Ventures / Venture Capital - can be risky, but very profitable. Especially if the business creates residual income.
3. Stock / Equity - No fad investing (penny stocks, day trading, "hot stock tips" etc.) Go with "blue chips" - large firms that will be around for a long time and provide sustained growth resistant to market trends. IE. Walmart, Intel, Disney, etc.
4. Safe Bets - Investments that don't provide big gains, but slow, steady growth. Examples would be mutual funds and bonds. This way, if your other investments fall through, you won't lose your shirt.
Most of us are young, and can afford to take risk. Most people investing today avoid it, because they can't afford to lose. If you don't take risk, you will not generate return. Period.
I'm working a job right now. My objective is not necessarily to get promoted up within the firm, but to meet my immediate needs as a student and be able to put aside funds to purchase some real estate once i graduate. Ownership is the only freedom. Holla!
THE REMAINDER IS AN UNJUSTIFIABLE, EGOTISTICAL POWER STRUGGLE AT THE EXPENSE OF THE AMERICAN DREAM, OF THE AMERICAN DREAM, OF MY AMERICAN... :twisted:
Mikchek wrote: Loreal_Johari wrote: To be totally honest, my "American Dream" has nothing at all to do with my finances. I just wanna be happy. Like the proverb says in my signature, or at least how i perceive it, true success only comes from happiness and knowing that the world is better because of you. I wanna know that my life has touched someone in a positive way. I dont wanna be remembered for my money, but rather for my deeds. That's all. Maybe my reply was a lil off topic.
i hear what Loreal is saying and also agree with Mik. the thing is to be happy and stay positive but to also work towards your goals and be happy with that without answering to a boss.
but is everyone was their own boss... where would we all be. :?: :?: :?: :?: :?: :?: :?: :?:
that's just me :wink:
Mikchek wrote: *mik shakes head at tha results of
people get Robert Kiosaki's "Rich Dad Poor Dad" and "Cash Flow Quadrant".....you will NEVER rech financial Freedom working for somebody else....in other words working a JOB........we all gotta start somewhere.....but people lets work towards being business owners......just my 2 cents.....
*mik wonders if tha reason Demmeri is funny is because he is from Minneapolis, MN also.....SOUTHSIDE!!!!!*
Thank you! He is so right. I read Rich Dad Poor Dad two summers ago and it has really changed the way I view Capitalism.
just my 2 cents..
