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Actual Meaning of Retirement...

Retirement is not being 65 years old sitting in a nursing home collecting a retirement cheque. Retirement is when you stop sacrificing today for some imaginary tomorrow.

So how do you get there :

  • One is you can have so much money saved up that just your passive income off of that without your having to lift a finger covers your burn rate.
  • Second is you just drive your burn rate down to zero. Basically you become a monk.
  • Third is you're doing something you love and you enjoy it so much that now it's not about the money anymore.

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MORE IDEAS ON THIS

Being Actually Rich

Being Actually Rich means nobody can tell you when to be at work, what to wear at work and how to behave.

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98 reads

The Target Lifestyle (My Opinion)

Set a Target Lifestyle and once you reach there, don't step up even after your income increases, unless something becomes need.

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Desire is a contract that you make with yourself to be unhappy

  • Don't make a lot of desires at once.
  • Pick your one overwhelming desire. It's okay to suffer over that one but on all the others, let them go so you can be calm and peaceful and relaxed and then you'll perform a better job most people.

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Meditation : Part 2

  • ..And it's like your email inbox piling up email after email that's not answered going back years and then when you sit down, those emails start coming back at you.
  • It's a self therapy, you just have to sit there as those emails go through one by one and you work through each of them...

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Figuring Out If You Actually Want Something

Just ask yourself would you still be interested in learning this thing if you couldn't ever tell anybody about it.

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Meditation : Part 1

  • Just sit down, close your eyes, adjust in a comfortable position, whatever happens, happens. If you think, you think. If you don't think, you don't think. Don't put effort into it. Don't put effort against it.
  • When we grow up, it's all this stuff happening to you in your life and som...

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Work For Yourself

Own a piece of a business. You need to have equity either as an owner, an investor, a shareholder or a brand that you're building that accrues to you to gain your financial freedom.

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Stay Away From Politics

If you want to be a clear thinker, you cannot pay attention to Politics, It'll destroy your ability to think.

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94 reads

Don't Stress

Warren Buffett drinks about six coca-cola's a day and eats mostly McDonald's and he's still perfectly fine. Maybe him enjoying that junk food and that Coke pleasing his mind is better than him just eating wheatgrass shots and beaver salads and just being super worked up about everything.

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Retirement & Lifestyle

Retirement is when you stop sacrificing today for an imaginary tomorrow. When today is complete, in and of itself, youโ€™re retired. How do you get there?

  • Have so much money saved that your passive income covers your burn rate.
  • Drive your

3 Ways to Retire:

3 Ways to Retire:

What you really want is freedom. Retirement = freedom from your money problems. There are 3 ways:

  1. You keep your burn rate under your passive income (make your money work for you)
  2. You keep your burn rate to 0 (you become a monk)...

Fund Retirement Plans ASAP

Fund Retirement Plans ASAP

When individuals earn money, their first responsibility is to pay current expenses such as rent or mortgage and food. Once these expenses have been covered, the next step should be to fund aย retirement plan.

How much difference will funding a vehicle such as aย Roth IRAย early on in l...

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