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RE: A serious warning about your life & energy
Hi @k0d3g3ar,
I really enjoyed this post but it seems like a 'damned if you do & damned if you don't scenerio'.
You mention that acquiring assets should be done in quadrant 1 and 2, in order to retire or at least have 5x more money by quadrant 3, but also mention that the sacrifices made to aquire assets throughout quadrant 2 might leave people with regrets.
P.S. You might get some of that energy back!
Source:
https://www.truniagen.com
Thanks for the tip! :)
It is only a "damned if you do & damned if you don't" scenario for those that neglect to invest in assets at an early age. The reality is that our society teaches us that you sell your time by the hour for money and that the "rich" live by different standards. The fact is that the rich never sell their time by the hour. They acquire assets - the more they have, the richer they are. They are more likely, statistically, to live a longer and healthier life partially because they can afford better healthcare and physicians, but also because they put less heavy mileage on their bodies and have more time for fitness, etc. than the average working Joe.
Assets take time to grow. Like planting crops in a garden. They don't appear immediately. As I've said in other posts on, for example, real estate, it can take 15-20 years to establish wealth in real estate. But once you have a fully paid off property, the rent yield goes on forever. You can't just magically have 100% paid off property. You sacrifice rent yield for 15 or 20 years, and use it to pay down the principal so you are betting on the future. You need 20 years of time ahead to see that, hence an investment made in a property at the age of 20 for example would yield rental income at age 40. It is at that time that you still have energy to pursue your calling but the goose that lays the golden egg just keeps on laying.
Good things take time. The "damned" scenario only exists for those that don't respect time or think they can hack it or that time won't catch up to them. Physics matters here.
I guess I misinterpreted some of your original post @k0d3g3ar Thanks for clarifying!
Also one other point.... Owning an asset at an early age is far less energy dependent than working a 9-5 job. It takes a bit of work initially to get a property online and generating income. But after that is done, the maintenance isn't that intense. You can put it in the hands of a property manager and leave and travel the world. You just can't be greedy and assume it is going to pay you back for 15-20 years. But when you eventually need the money, it will be there for you. The same is true of any other asset that generates cashflow (ie. vending machines, commercial investments, etc.).
Thanks again for another good follow-up comment @k0d3g3ar!