I'm in touch with another writer on Medium, Tracy Collins, who retired in Mexico at 49. She posted a story about other retired Canadians in Mexico. Long story short, they're scared sh*tless of selling their investments. The fear of outliving their savings is real. So they keep working, some hustle, some found a job locally.
Problem is, I can see myself in that situation. My QQQ has done well (thanks, NVidia!) but will I have the balls to sell it later? "No" is a possible answer.
So I'm focused on generating cash flow from my assets now. Dividend-paying stocks/ETFs (to DRIP) could be the way to go.
No, I've actually just got started writing on Medium and discovered you. I do hope to start one here once I get enough content on Medium. I'm finally writing about my experiences in life, etc. trying to find my voice after years of ghostwriting, writing SEO for Google etc.
Looking at ways of finding the best ways to communicate and find my audience... You definitely have a ton of great content to dig into...
This is Great and my Favorite is from the first point " the world is ruled by incentives". Then "cash is not king" really Changed my thinking. This js Awesome👏 Thank you TIM!!
I've been really curious to learn advanced mathematics and biology (especially organic chemistry and the specifics of how human digestion works, like what enzymes are active, how the gut specifically distributes nutrients from microbes into the body, and so on), but I haven't really pursued any of it in favor of more "career-oriented learning", which I don't find very enjoyable. I think more future opportunities will be found in the subjects I'm curious about, so I'm going to explore my interests more.
I think that the best of your tips for me was the overthinking one. If only I could take drama out of every decision and every move I have to do to develop the online business, I would have done it ages ago and have made tons of money with it. But I’ll get there 😜
I hear you. It's a tough balance when you have responsibilities like a family and a mortgage. I find that transitioning slowly and gradually can be a safer route for you and your family.
Sir, let me shorten your sermon. It's too theological for my priest-confessor, Fr. Mark Łoś he condemns me for speaking/writing/talking in such a manner. He calls Chicago psychobabble, like his cousins in Illinois, USA and Australia. It really pisses us off, it is condescending, but Twitter and Youtube loves it, because it's what the Anglos call "the Law" or "the Truth".
500 BC - invention of the factory
0 AD - birth of Christ
100 AD - St. Paul's call to equality of believers
500 AD - the creation of the monastery by St. Benedict
600 AD - compilation of the Corpus Iuris Civilis - slavery made illegal throughout the whole world; schism of Armenia and Mesopotamia from Christendom
1200 AD - the radicalisation of Christianity in the wake of a poverty of silver and gold money metal in Europe - Franciscan era and the creation of the Christian school - the University
1300 AD - the trade fairs overtake the monasteries, which become public works companies, while the capitalist emerges
1500 AD - Luther fights his war against all and everyone
1550 AD - Calvin creates the perfect monastery made up of married people - against Church doctrine and dogma, forcing the whole world to become a monastery. Bans sex and "fornication". NOT CHRISTIAN, CONDEMNED BY THE CHURCH IN THE PERSON OF THE POPE
1600 AD - Plymouth Pilgrims land
1650 AD - Calvinist revolution throught Europe
1700 AD - the emergence of Religious peace in Europe. 100 years of peace
1800 AD - Napoleon the Antichrist emerges and creates the best law book ever - the Code Civil - the "Napoleonic Code"
1850 AD - gold in California
Should I write my history forward or should I stop here?
Barrister Tomasz Surdej - registered in the Bar of Kielce, Poland, UE.
Get comfortable being poor to become wealthy
You can also say: Get comfortable enjoying the best things in life - for free.
If you got all the money you wanted, what would you do?
Buy things?
Get experiences?
OK, but why?
To feel good.
Everything you do with your money is an action to feel good or make others feel good.
Money is a tool to get what you want.
How important is this tool?
Look at this:
• Joy
• Love
• Happiness
• Nature
• Friends
• Being honest
• Being grateful
• Not judging, treating people fair
• Feeling excitement
• Interesting discussions
• Helping others
• Having good thoughts
They are all for free.
This is real wealth.
The most important part of your life is free.
Still, you chase a tool that you think is going to solve your problems.
Why?
You are trained by society to value it higher than anything.
They need you as a cog in the money-making system.
Ask yourself why you can't be without money and still be happy.
You are too unsure, too unsafe. You can't live off-grid and survive in a good way.
You don't have the skills.
You are dependent on the money-system society.
I have met so many office people who envy my skills.
I can fix a car (everything).
I can fix a boat.
I can build houses.
I can survive off-grid.
I have trust in myself.
I'm not afraid.
I look at problems as challenges that make me grow.
Put me on an island, and I survive.
Do I want money?
Yes. It makes life easier, and I can have more experiences.
Do I need money?
No.
The best things in the world are free.
See money as a tool to enhance your life, not depend on it.
If you should care deeply about something, it's time.
Thats a limited resource for all of us.
Do you live as you wish with the little time you have left on earth?
There's lots to think about here. I just wish this comment was shorter.
it's wayyyy too long
Spot on Stoic style response.
The happiest man on earth I met was a dirt poor Hawaiian man I met growing up on Kaua’i.
He always smiled, slept and ate where he could, never begged, borrowed, or stole.
He got simple side jobs now and then. And people knew, liked, and trusted him.
His happiness secret: playing a plastic ukulele and singing in pure Hawaiian.
He got my respect more than a rich tourist visitor could ever display.
In contrast and sadly, Meta’s owner has bought up a lot of acreage on the Island.
Former pineapple and sugarcane fields.
What for?
I don’t know—but I do know he can’t take all that wealth when goes six-feet under.
Learning how to optimize my health in my 40s, was the greatest gift I could give to myself - as now I can actually focus on building wealth.
What did you do to optimize Roman?
Thanks for the question Tim. Getting up and seeing the Sunrise consistently was the first step.
How about yourself?
Commenting Timbo as not AI. Lets see:
“...If you were absolutely fearless- would you be earning a living in exactly the same way you are now?" – David
No. Nope. Nada.
My regret but not deep regret. Not working my email list as I should.
Is your email list now growing Myles?
It’s growing in the largest room in the world Tim--the room for improvement for sure.
You got this Myles.
Great lesson about cash flow, Tim.
I'm in touch with another writer on Medium, Tracy Collins, who retired in Mexico at 49. She posted a story about other retired Canadians in Mexico. Long story short, they're scared sh*tless of selling their investments. The fear of outliving their savings is real. So they keep working, some hustle, some found a job locally.
Problem is, I can see myself in that situation. My QQQ has done well (thanks, NVidia!) but will I have the balls to sell it later? "No" is a possible answer.
So I'm focused on generating cash flow from my assets now. Dividend-paying stocks/ETFs (to DRIP) could be the way to go.
Denis I'm the same with Bitcoin. I can't see myself ever selling it lol.
So how do we solve this problem?
I'm going to start investing in dividend-paying ETFs. You become indifferent to stock prices because cash flow is king.
The fear is real as you write but we have to take back control and it boiks down to your email list--would you say so?
Email list is a big part of it Myles.
Myles, I agree. Your email is an asset.
New subscriber. Live the fact you do your own audios instead of the lazy way and relying on AI.
Haha it's fun David. Do you run a newsletter?
No, I've actually just got started writing on Medium and discovered you. I do hope to start one here once I get enough content on Medium. I'm finally writing about my experiences in life, etc. trying to find my voice after years of ghostwriting, writing SEO for Google etc.
Looking at ways of finding the best ways to communicate and find my audience... You definitely have a ton of great content to dig into...
Tim is the man for all seasons Dave...
This is Great and my Favorite is from the first point " the world is ruled by incentives". Then "cash is not king" really Changed my thinking. This js Awesome👏 Thank you TIM!!
No probs Marcus. Glad it helped. What's next for you?
I liked “Following your curiosity is where wealth is found.”
What about curiosity appeals to you Alex?
I've been really curious to learn advanced mathematics and biology (especially organic chemistry and the specifics of how human digestion works, like what enzymes are active, how the gut specifically distributes nutrients from microbes into the body, and so on), but I haven't really pursued any of it in favor of more "career-oriented learning", which I don't find very enjoyable. I think more future opportunities will be found in the subjects I'm curious about, so I'm going to explore my interests more.
I think that the best of your tips for me was the overthinking one. If only I could take drama out of every decision and every move I have to do to develop the online business, I would have done it ages ago and have made tons of money with it. But I’ll get there 😜
Hey Tim! Loved this piece. Thank you. Have you read The Almanac of Naval Ravikant? It’s right up the same alley as this piece.
That's what I think as well and currently doing! :)
Tim, love the part on Cash is not king, Cashflow is king.
I loved the last part about being fearless and quitting your job.
But what do you do when you have a family to supprt and a mortgage to pay? Do you still quit right away or slowly amd gradually?
Uriel, my 2 cents:
I hear you. It's a tough balance when you have responsibilities like a family and a mortgage. I find that transitioning slowly and gradually can be a safer route for you and your family.
What do you think?
Sir, let me shorten your sermon. It's too theological for my priest-confessor, Fr. Mark Łoś he condemns me for speaking/writing/talking in such a manner. He calls Chicago psychobabble, like his cousins in Illinois, USA and Australia. It really pisses us off, it is condescending, but Twitter and Youtube loves it, because it's what the Anglos call "the Law" or "the Truth".
500 BC - invention of the factory
0 AD - birth of Christ
100 AD - St. Paul's call to equality of believers
500 AD - the creation of the monastery by St. Benedict
600 AD - compilation of the Corpus Iuris Civilis - slavery made illegal throughout the whole world; schism of Armenia and Mesopotamia from Christendom
1200 AD - the radicalisation of Christianity in the wake of a poverty of silver and gold money metal in Europe - Franciscan era and the creation of the Christian school - the University
1300 AD - the trade fairs overtake the monasteries, which become public works companies, while the capitalist emerges
1500 AD - Luther fights his war against all and everyone
1550 AD - Calvin creates the perfect monastery made up of married people - against Church doctrine and dogma, forcing the whole world to become a monastery. Bans sex and "fornication". NOT CHRISTIAN, CONDEMNED BY THE CHURCH IN THE PERSON OF THE POPE
1600 AD - Plymouth Pilgrims land
1650 AD - Calvinist revolution throught Europe
1700 AD - the emergence of Religious peace in Europe. 100 years of peace
1800 AD - Napoleon the Antichrist emerges and creates the best law book ever - the Code Civil - the "Napoleonic Code"
1850 AD - gold in California
Should I write my history forward or should I stop here?
Barrister Tomasz Surdej - registered in the Bar of Kielce, Poland, UE.
This comment makes no sense. Are you saying we all must believe in god?
There is no concept of "must" in God.
There is a concept of "must" in god.
You are mixing concepts.
A football player can be a god.
A politician can be a god.
A priest can be a god.
A prostitute can be a god.
There is only one God.
Aphrodite is not God, Aphrodite is a god or Aphrodite is god, but Aphrodite isn't God.
This 1st year Law degree material in most of Europe and North America. Now, prove to me that it is useless. Convince or die!
I AM IMMORTAL!