Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Srsly?Nobody ever got rich by working more.
In general yes. The difference between working 8 or 12 hour days or 4 or 6 days a week is mostly insignificant. And the personal costs are usually not worth it.Srsly?
He is certainly right imo with thought out decisions for future ease. Working an extra 10 hrs a week without a plan/investment for that effort is how Boom describes it. We’ll be stuck in serfdom save for a plan that bears fruit, luck, or rich relatives who die.I’m not saying it’s my mantra. Far from it.
But as was explained to me by my big brother years ago when discussing saving money.
”it’s short term pain for long term gain”
Same goes for working longer/harder earlier in life.
A balance undoubtedly has to be struck, but there is definitly two sides to the coin.
Patrick you still live near London correct? I grew up there in the 80s. I am 56. Life then was insanely easy. What a beautiful city. My bedt friend from high school still lives there up by the fairgrounds. Works in a casino there. I might visit in the near future. You are doing it right. Retirement is nonsense. I am 56. Will work til I die. Play at the same time. Spend all my time with my 2 youngest. They are 11 and 9. I like living on the edge makes me feel alive. Wife is a teacher. Love reading the different perspectives on work. I work to live, saving my body.I've just never believed in the modern concept of retirement, as sold to us by the baby boomers. This idea that we'll just work our asses off until we're 65, and as long as we've been putting enough away into mutual funds or whatever, earning compound interest at 8% blah blah blah then we'll never have to work again, and we just enjoy our golden years in peaceful tranquility, to me is bullshit. It's not going to be my future, and it sure as hell won't be my kids' future. I lived through the 80's and 90's, I know how good we had it, and how easy things were. But that time is over and it's not coming back.
For me, I also have the fact that my dad died at 43. I'm now 42. I think a lot about how short life is and how fast it goes. Every year is the shortest year of my life. I was 13 when he died and all I remember everyone saying was how young he was. I didn't get it back then. 40 sounds old to a kid. I get it now, I think about it all the time.
My wife and I made the conscious decision 10 years ago to purposely work less than we could, to spend more time with our kids. We sacrificed to get our family out of the city, to live in the middle of nowhere and homeschool. She quit her job at the hospital and I went to 4 days a week. I could have gone to work for Hydro and be making more than double what I make now. She could have stayed in a career and be making lots of money. We could ship our kids off to government school like everyone else. But we choose to work and earn less than we can, for the time being. It's a sacrifice. I'll work more when I'm older. I know that sounds crazy to some, but I've never planned on retiring. Lost money can always be made back later. Lost time is gone forever.
Hey Paul, yes I'm outside of London. You bringing your climbing gear?Patrick you still live near London correct? I grew up there in the 80s. I am 56. Life then was insanely easy. What a beautiful city. My bedt friend from high school still lives there up by the fairgrounds. Works in a casino there. I might visit in the near future. You are doing it right. Retirement is nonsense. I am 56. Will work til I die. Play at the same time. Spend all my time with my 2 youngest. They are 11 and 9. I like living on the edge makes me feel alive. Wife is a teacher. Love reading the different perspectives on work. I work to live, saving my body.
I don't get this.Nobody ever got rich by working more.
You're limited by the number of hours in a day, your physical and mental limitations, and a system that doesn't reward the hard workers.I don't get this.
So I learned a long time ago I wasn’t no smarter than the averageYou're limited by the number of hours in a day, your physical and mental limitations, and a system that doesn't reward the hard workers.
Passive income, exploitation, and to a lesser degree higher education are the best ways to generate significant wealth. Not putting in more hours.
I don't disagree with that, but more than average does not equal rich. If you're content with being average and finding enrichment in things other than money then time is much more valuable.So I learned a long time ago I wasn’t no smarter than the average
So
If I worked longer and harder than average I would have more wealth than average
Really simple
Happiness has to be in the equation no doubt or what is the pointI don't disagree with that, but more than average does not equal rich. If you're content with being average and finding enrichment in things other than money then time is much more valuable.
It boils down to what you gives you the most fulfilment and enjoyment out of life.
I've actually never heard of that. Doesn't relate to my business, but I could see how it would to larger operationsEver heard the phrase, "I don't make any money until Friday"?
The concept is that M-Th covers overhead, Friday is all profit.
Comparison is dangerous imo because you can only really know the external reality of a person's life most of the time. But I do it all the time anyways, it's probably a natural or instinctual behavior.It also depends on what you’re comparing yourself to
My class of 96
Small businesses owner
Politicians
Oil tycoon’s
Average income of your country
definition of wealth and is measured differently
I have an incredible wife, and 4 kiddos ages 3 to 7. It’s hard for me to split my energy into different categories, because I just want to focus on one and master it, but that’s not possible in life. My kiddos will be out of the house here in 13 years, and my wife will always be by my side. I have to turn the burner down and realize that these are the most important years of my life, so that’s why I take every Saturday and Sunday off, and make sure I’m home by 5 to 530 every day. I have to set a strict routine to keep me in line.I think it’s an interesting thing to think about. I personally am a very unidimensional person.I usually find people who say this very one-dimensional, boring, and often depressive. They don't have any other hobbies or interests, so they overcompensate for the one aspect of their lives that bring them any joy.
Not saying that's you, just pointing out that "love what you do..." mindset is incredibly toxic.