Skip to main content

21st century personal finance trap

Do you know Gabriel ?  'G'abriel actually represent  'god' within MalPF world.

  • He worked for less than 10 years
  • Then he runs some businesses for about 13 years, some of them making loses
  • Yet he retires at 42 and live happily ever after (details)
The trick is . . .
 there is no trick.  You have to live your life as the life itself.  Don't ever forget what you really want, don't ever get confused by the money figures.  There are many ways to achieve what you want or need other than using money.  ( what do you mean ? )
There is an increasing trend of young people retiring early.  While it may seems like a great personal finance trend.  But that will soon become the 'new' personal finance trap of 21st century !

A 30-year-old man who only uses $500 expense but with passive income of $999 may thought he is financially free.  But he will find himself caught at middle age crisis when he realizes his $999 is no longer enough and yet he can NO LONGER find a job after his 10 years rest.

A blogger who earns enough for his living may thought he is financially free.  But in less than 3 years of resting he has to make more multiple streams of income to stay 'retire'.  Just as when he thought he has written enough books, he found himself writing another one.  At the end, his so called passive income turns out to be really an active income.  


Gabriel part 3 story tells it all.  Not many people caught the warning the last time, so herein I re-write this again . . . beware, if you think you are already financially free, think again, if you haven't lay down your figures on a paper, you may have just been living in your own dream that you built for yourself - and that is no where near real life.
Labels:

Comments

Post a Comment

Popular posts from this blog

What is really important in Personal Finance Planning ?

There is a great video I have seen in LCF  where he talks about Insurance Investment Retirement Tax Estate Planning Although I may not agree to all points but it is actually quite good and all points presented professionally. Some of my pondering points 5-6% investment cost is NOT LOW Actually whether an investment cost is low or not is always relative.  For example, if you are paying 20-30% to others to manage your portfolio then it is lower to find one that is 5-6%.  Likewise, paying 1-2% fee when you manage your own investment is common.   So it is really a matter of your money vs your time.  If you pay more fee, you would expect better services just like any other things in life. Thousands of saving on tax can be compounded to millions While its true you could save on tax but usually its not in a huge magnitude.  To save thousands in tax, you probably have a certain amount of much bigger income to start with.   Its more toward FREE money vs ignora...
Post a Comment
Read more

Find out Your Life Purpose in 5 minutes !

Answer these 5 questions Who are you ? What do you love to do ? Who you do that for ? Is it their Need or Want ? How would they change from what you do ? Example:   I write personal finance articles so that anyone can be richer everyday I sell salt lamps so that Asthmatic people can sleep better at nights I drive all the business men in London so that they are always on time I write philosophical topics so online readers can have an inner peace stronger mind. Please write down yours in comments below ~
Post a Comment
Read more

Resep Membuat Arem Arem Isi Ayam Wortel Special

Arem Arem Isi Ayam Wortel - Arem-arem merupakan makanan serupa kue lemper yang digulung dengan daun pisang lalu diberi isi sambal goreng, sosis, mie goreng, ayam wortel dan sambal goreng. Untuk daun pisang, sebaiknya bunda memakai daun pisang kluthuk supaya hasil bungkusannya bagus saat dikukus. Dan sebelum daun pisang diberi nasi dan isi, hendaknya bunda menjemur daun pisang terlebih dahulu sekitar lima sampai sepuluh menit supaya daun pisang tidak robek saat diberi nasi dan isiannya.  Jika melihat sekilas, arem arem dengan lontong pasti akan terlihat sama karena sama sama dibungkus dengan daun pisang lalu di kukus sampai matang. Namun jika kita melihatnya dengan lebih teliti lagi maka akan terlihat jelas perbedaan arem-arem dengan lontong. Kalau arem-arem umumnya sama seperti lontong, hanya saja arem-arem didalam nasi terdapat isian daging cincang, atau sayuran. Cara membuat arem-arem dapat dibilang mudah dan bahan-bahannya juga terjangkau ditemukan seperti wortel dag...
Post a Comment
Read more