How To Start Focusing On Your Passion and Stop Worrying About Expenses

Don’t wait! Quit exchanging time for money.

3 Facts Successful People Live By

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  • Where is the manual telling me what to do with the surplus if there was one?
  • Why did nobody warn me when the dot-com bubble burst in 2003 and most of my stock investment gains evaporated?
  • How will I ever be able to stop working if I can’t put money aside and the little bit I do save and “invest” gets knocked-out every so often? (oh yeah… After being wiped out in 2003, I got a second serving in 2008–2010 from the great recession).
  1. The shortest path to reach the date where you can stop exchanging time for money is the one where you can use as much leverage as possible. If you can find a bank that gives you 80% of the cost of an investment and 100% of the profits, that’s the kind of leverage that accelerates your progress towards the date of economic independence. that’s the date when you stop the need to exchange your time for money and enjoy the freedom to do what you want.
  2. The best way to make sure that you are the last person in your family who needs to start life with exchanging time for money is to invest in real assets that you never give up. You only buy, exchange, keep, and add to the portfolio. If you do this as much as possible for as long as possible, your children, their children, and their children won’t have to work for money.

“Everyone keeps telling you that you need to keep working. Keep your head down. Work your way up. Save what you can. Be aware of the risks… and on and on. Except, those people who really succeed do very little to none of that.”

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A BHAG (pronounced “Bee Hag,” short for “Big Hairy Audacious Goal”) is a powerful way to stimulate progress. A BHAG is clear and compelling, needing little explanation; […]. The best BHAGs require both building for the long term AND exuding a relentless sense of urgency: What do we need to do today, […] and tomorrow, and the next day, to defy the probabilities and ultimately achieve our BHAG? — “Built To Last” by Jim Collins

I regret losing so much time with these often useless exchanges. Don’t wait for learning, knowledge, glory, service, democracy, raises, and promotions.

Photo by Clark Tibbs on Unsplash

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