The chain of events will run something like this: First, you give up on beating yourself up and hustling and unnecessary early mornings and cold showers and all the rest of it. Thus, you signal to yourself that you care for yourself. You loosen up. This reduces the extent of the Misery Taxation (I.e. the boozing and pizza demolishing curbs a little). Health improves.
And then one day, while lying in the park & looking at the clouds, you have a creative idea. You pursue it out of genuine curiosity. And thats how you break the misery chain.
MORE IDEAS FROM The Misery Tax
An ad hoc form of expenditure wherein an unhappy worker feels compelled to spend a proportion of their wages on things that allow them to continue to function and work: sugary food, caffeine, alcohol & ‘retail therapy’.
If you don’t like the job you work or the life you are living you will spend more of your disposable income either during work hours or immediately afterwards on things to cheer you up.
This compensatory spending drains your resources, which diminishes your ability to save and thus means you become increasingly stuck in the job. A vicious circle.
Early retirement is not defined as when you stop working forever, but as having the freedom and flexibility that saving up enough money can give you if you want to leave a job.
The idea that when you retire, you are done working is an old school idea. Working is actually good for you. People that altogether quit working start losing their mental faculties and may die sooner.
Don’t niche down too quickly. Spend the first few months building your side hustle up by learning, growing, and trying different strategies to see what works best for your business.
Two of the most common investment questions are "what do you invest in " and "what are the best investing strategies"?
The best investing strategies are where you can maximize your return while minimizing the risk.
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