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(31-07-2012, 08:29 PM)yeokiwi Wrote: Quote:On the other hand, reading about people like Burt Rutan or Steve Jobs, financial freedom is not something that they set out to achieve at the start of their careers but was something they got along the way in doing something they love.
Most of the people on this earth are unable to convert their interest to a career.
Some are blessed with talents that are not sought after.
So, in order to pursue interest that will not bring in any money, they have to choose a career that they can earn enough to make a living and pursue their interests during their idle time.
The main reason that people put financial freedom as their goal is simply because they want to get away from the job that they do not like and want to spend times on activities that they like but do not bring in the dough. pursuing interest/hobbies now versus at elderly age (more free) i think has a different feeling
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I guess what I am trying to say is, if you make money as the goal, whether that would indirectly create higher expectations that once you got it, then you will truly be happy and can pursue your interest without worry. Getting there and finding out it ain as good or crack to be... would be very disappointing.
I do want financial freedom at some point, to allow me to do charity work and church work without worry about bills to pay and I am willing to compromise on lifestyle.
You can count on the greed of man for the next recession to happen.
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31-07-2012, 11:05 PM
(This post was last modified: 31-07-2012, 11:14 PM by KopiKat.)
(31-07-2012, 10:49 PM)LionFlyer Wrote: I guess what I am trying to say is, if you make money as the goal, whether that would indirectly create higher expectations that once you got it, then you will truly be happy and can pursue your interest without worry. Getting there and finding out it ain as good or crack to be... would be very disappointing.
Unless you're one of those who's drawing very high salary and you didn't get a windfall (inheritence, enbloc, Lottery,..), by the time you reach that goal, you'd easily be in your 40s, 50s, 60s,...100s.. 
At that age, I don't think you'll still be believing in Fairy Tales (live happily ever after..) and should be able to handle such disappointments easily... 
(31-07-2012, 09:41 PM)pianist Wrote: pursuing interest/hobbies now versus at elderly age (more free) i think has a different feeling
1. Who ever says it has to be at an elderly age?
2. Yes, the feeling is totally different as you now have both time AND MONEY..
3. Unless you are talking about Physical Activities and you'd slacken to keep your body fit, I don't see any barriers to pursuing your interest / hobbies.
4. Most times, it's all in the mind...
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Money easy comes easy goes. Money from "blood, sweat & heartache" will remain.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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01-08-2012, 09:18 AM
(This post was last modified: 01-08-2012, 09:19 AM by corydorus.)
Sometimes Life will be blissful if we can't see far. Our parent married early, have children, buy flat, No Insurance and housewife. They have the assumption that Children will take care of them. Life kind of sort out for most of them and they got to enjoy grand children at 50s~70s.
Maybe we are a Cursed Generation to be able to understand the effect of Inflation, compounding effect, Investment, Retirement Planning, Insurance, Stop at 2, ......
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01-08-2012, 09:38 AM
(This post was last modified: 01-08-2012, 09:47 AM by etan.)
(01-08-2012, 09:18 AM)corydorus Wrote: Sometimes Life will be blissful if we can't see far. Our parent married early, have children, buy flat, No Insurance and housewife. They have the assumption that Children will take care of them. Life kind of sort out for most of them and they got to enjoy grand children at 50s~70s.
Maybe we are a Cursed Generation to be able to understand the effect of Inflation, compounding effect, Investment, Retirement Planning, Insurance, Stop at 2, ......
Blame it on Evolution and Revolution?
Kids under 1yo playing with iphones listening to their favourite songs before they can talk, they need to use just one little finger to operate! Paiseh, I don't own any iphone, I use those phones that are passed down.
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(01-08-2012, 09:38 AM)etan Wrote: (01-08-2012, 09:18 AM)corydorus Wrote: Sometimes Life will be blissful if we can't see far. Our parent married early, have children, buy flat, No Insurance and housewife. They have the assumption that Children will take care of them. Life kind of sort out for most of them and they got to enjoy grand children at 50s~70s.
Maybe we are a Cursed Generation to be able to understand the effect of Inflation, compounding effect, Investment, Retirement Planning, Insurance, Stop at 2, ......
Blame it on Evolution and Revolution?
Kids under 1yo playing with iphones listening to their favourite songs before they can talk, they need to use just one little finger to operate! Paiseh, I don't own any iphone, I use those phones that are passed down.
No need to Paiseh:
We should try as far as possible only buy those things we really need. Anything extra is really extra.
Well owning a "Lau Pok Kai" car in Singapore maybe considered an "Extra."
We have an extra now.
This may be a real Paiseh to some people.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Ya, thrifty is diff from miser.
Bo pian, now older, earning power also goes down, so need to save abit here and there. Ten 10cts make $1, ahaha! As long as we don't go penny wise pound foolish can liow!
Your "Lau Pok Kai" car - you referring to vintage car? High maintenance wo!
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(01-08-2012, 02:08 PM)etan Wrote: Ya, thrifty is diff from miser.
Bo pian, now older, earning power also goes down, so need to save abit here and there. Ten 10cts make $1, ahaha! As long as we don't go penny wise pound foolish can liow!
Your "Lau Pok Kai" car - you referring to vintage car? High maintenance wo!
No lah! Just a normal 7 years old car. Never dare to think about vintage car though very good to look at people using them on the road.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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money is a tool to freedom!
yeah!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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