so i've been working at a nursing home, and a whole lot of these people regret working so much or chasing the paycheck, instead of doing what they actually wanted when they were younger and healthy. for example finance guys regretting not being a doctor or an engineer, or some blue collar tradesman even. the happiest people in nursing homes are those who invested in family and living modestly but happily; they're also the ones who actually get family visits a lot, like every day actually, as opposed to more successful career people, who rarely get any visits, if ever. at the same time, they're middle class or upper-middle class people, so not exactly the wealthy. of course it'd be ideal to do what you love and get paid a lot, but i assume that's very rare. other people (not the elderly) tell me that you should abandon your passions you have and follow the money; grind out the work and do what you love as a hobby in your spare time. the problem with that is that in america spare time barely exists (compared to europe), and life is usually work-sleep-work.
what do you guys think about this? would you rather follow the money and try to retire early, or would you rather do what you love now, because future isn't guaranteed?
Problematic_Browser 1 1y ago
It's all about how you arrange your priorities. You need to sit down and figure out what's important to you.
My list:
That's the order. All my decisions start with the question "how will this affect those things?"
Intrepid_Place53900 1 1y ago
I'm and old guy here. You have a few different things going on in this post.
1) Doing what you enjoy in life. Don't grind away trying to make money and not enjoy what you do. Agree with that,
Find something you enjoy, can make a good living at and has good outlook for jobs. Try to work for yourself if you can or if you want to do that. Some like myself, I've made a good earning and just doing the 9-5 type role, I enjoy my time outside of work. Worked for me.
2) Get a life, make friends, have a family,etc Family can be great or they can be a drain. I have boys, they are great. Did I get lucky? Or did they follow my lead?
My boys are great, their Mom, not so much. Left her a long time ago and now found a LTR girl, we keep finances separate.
The hardest thing in my life was living with that bitch until my boys were old enough "legal terms", to choose which parent to live with.
Having a family, getting married and having kids, expect to sacrifice things.
3) get hobby's, get interests, ideally ones that keep you active/fit.
an old professor gave me this advice when I was a young student.
Life is.
Health, happiness and wealth, in that order.
Life is not much fun without your health, take care of yourself
Who cares if your rich and healthy, but not happy
Being financially comfortable, sure solves a lot of problems, not all of them, but it makes it much easier
First-light 1y ago
Some people balance it right. You need enough but only enough. You are not only a long time dead but also if you are unlucky a lot of old age can be unhealthy time when you are not capable of much except social interaction. So do make sure you chase those physical and adventure goals all through until they are taken away by fate.
This also shows the worthlessness of chasing sluts for short term sex late into life. You need to build something if you want to be cared about when old. Of course there is an element of luck. LTRs are not a great bet for men these days. You can do your best but its a long journey and people can change on the way. Women get hard to live with when your luck is down or if you grow apart.
Cynicalvx 1y ago
your definition of retiring early is the problem
Make money work for you is the very out there and beneficial piece of advice
But not via stocks etc
Buy and sell things,
Go get your capital however it may be
Find a business idea of some sort
Implement and action
One of the first pieces of advice il give you is to read rich dad poor dad and then secondly learn to actually sell to people without discussing the product, sell your self and the way you do business not the product but drop the idea that you’ve gotta work 70 hours a week in a nursing home and consider that making buck, that’s slavery. Just do your time, get your capital, move onto the next phase
Good luck
oowiw 1y ago
"enough" to live on is great, until there's some major catastrophe - IMO "enough" needs to be enough to completely move to a new geography, if it's going to see you through catastrophes. When I look at the worst situations of the 20th century, one lesson pops out - there is no such thing as shelter in place, if it gets bad, you need to move, and that's expensive - doubly expensive when everyone's trying to move...
So, "enough" isn't enough I'm afraid, unless where you live is blessed with a long period of stability...
ExConvictNowMillionaire 1y ago
Both. But balance can be incredibly hard or even impossible..
I am an entrepreneur who is very close to his parents. The fact I'm very close in combination with the fact they're already in their 60's makes me want to spend as much time as possible with them. Currently I have no problem doing so. I have a shitload of free time.
But here comes the dilemma - I live in a country with 50% income tax. Relocating to a tax free or single digit tax country would give me the ability to retire 50% earlier (probably 20 years earlier). But it would mean having to spend 9 months a year abroad to avoid getting taxed. Aka not being able to see my family 9 months a year while they're still healthy & adventurous. I decided for now that family is more important to me than the 50% tax I'd save. Simply because money comes & goes - loved ones only come once.
AbusiveFather1 1y ago
What’s your business in (industry), if you don’t mind sharing?
ExConvictNowMillionaire 1y ago
Affiliate marketing. The industry is pretty known for the nomadic lifestyle
Most people in my industry already relocated & most didn't give a single shit about their parents & family (I asked a bunch of clients over some beers). Those are the people that choose money over family & will likely end up lonely in a nursing home
Whatsnext 1y ago
My goal is to retire by 36 (31 now.) Ill likely still work but on my terms. I want to have kids (i came to red pill with divorce and no kids.) and im preparing myself to be in a good position to spend as much time with them as possible (games, schoolwork, trips/experiences) by being financially free and healthy for when they arrive. If I cant find a girl to have kids with that is worth it then ill be in a good position anyway to have money and not work. (or i can do surrogate but idk about that yet.) I think that freedom is the most important thing you have. None of us are financially free unless we have family that does it for us
Theres a concept called FIRE which is "Financial independence retire early" where (and go look it up for yourself) you invest enough to live off the returns so you dont have to work. Rule of thumb i think is 25x expenses. So if your expenses are roughly 3000$/mo 12mo = $3600025. Is roughly 1M. So the thought is if you save up 1M you can live off the returns. There's a lot more to it but its something to look into