Accéder au contenu principal

A modest prediction for the next 20 years

If you're new here, this blog will give you the tools to become financially independent in 5 years. The wiki page gives a good summary of the principles of the strategy. The key to success is to run your personal finances much like a business, thinking about assets and inventory and focusing on efficiency and value for money. Not just any business but a business that's flexible, agile, and adaptable. Conversely most consumers run their personal finances like an inflexible money-losing anti-business always in danger on losing their jobs to the next wave of downsizing. Here's more than a hundred online journals from people, who are following the ERE strategy tailored to their particular situation (age, children, location, education, goals, ...). Increasing their savings from the usual 5-15% of their income to tens of thousands of dollars each year or typically 40-80% of their income, many accumulate six-figure net-worths within a few years. Since everybody's situation is different (age, education, location, children, goals, ...) I suggest only spending a brief moment on this blog, which can be thought of as my personal journal, before delving into the forum journals and looking for the crowd's wisdom for your particular situation.

Predicting the future always provides an excellent opportunity to make a fool out of oneself. One is almost destined to be wrong on some part or the other. If nothing else, the timing might be off, or the details may not be exactly right.

I have noted that whereas pre-1980 predictions mostly envisioned the future as a completely revamped and clean place, post-1980 and onwards envisioned the future as a harsher reality superimposed on the past.

Let’s face it. We’re not just going to tear down the current structures and start afresh. Evolution does not happen by starting from scratch. Rather structures evolve by adding corrections onto existing structures until said structures may not be recognisable from their original purpose(*).

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Leaf Guard & Gutter Screen Installation

Leaf Protection & Gutter Screen Installation for your Home At one time or another, every homeowner has had to tackle the unpleasant chore of cleaning out the gutters. Without the proper gutter leaf protection, they get clogged with leaves and debris several times throughout the year. Cleaning out the gutters is a dirty, time-consuming, and often dangerous task when attempted by the do-it-yourself homeowner. Those who are unable to clean their gutters on their own are forced to hire out the job at a great expense and inconvenience. Gutter screen installation is the solution for these gutter woes! Before we sing the praises of an eavestrough leaf protection, let’s take a look at exactly what gutters are, why keeping them clean is important, and how  Alba Home Services  in Ottawa can help relieve the seasonal dread that comes along when the leaves start to fall. Gutters provide a necessary service by keeping the home and landscaping free of water damage. They are most often constructe...
Enregistrer un commentaire
Lire la suite

Brand New Ransomware Found On The Internet

Hackers around the world didn't waste any time. New Year's celebrations have barely ended, and already, we have our first reports of a new malware strain to help ring in 2021. Dubbed Babuk Locker, the strain is aimed squarely at corporate networks. Based on an analysis of the code,  IT Support Myrtle Beach  experts have concluded that the software was designed by mid-level hackers. It's a bit of an amateur effort, but the  malware  is competently designed and the encryption function is rock solid, so if you fall victim to this ransomware, there's no unlocking the files. You're either going to have to restore from backup or pay the ransom in Bitcoin. Babuk has only been used in a handful of attacks thus far this year. Then again, this year is only a few days old at this point, so we could be seeing the beginnings of a significant campaign. As ransomware goes, however, the creators of Babuk don't seem to be overly greedy. The ransoms they have been demanding have ...
Enregistrer un commentaire
Lire la suite

Simple Steps For Investing In Stocks

Much is based on our 2008-2010 real estate investing experience. The company must have a stock dividend reinvestment plan (DRIP). This will eliminate the risk involved in putting money into a risky new start up company (the type of company that is going to change the world- they are just too hard to find) A big advantage of gold jewelry is that you're able to enjoy the beauty of the piece while you are using it as an investment. There are also ways to invest in gold without physically possessing the gold. e. Investing in the Market - How Stock Market works? Investors around the globe are always eager to convert their hard-earned money into an amount that can secure their life in the years to come in the shortest possible time If the property owner redeems the certificate, you receive all of investment plus interest (usually set by law). The main thing that you need to understand is that when you by one of these certificates, you won't have access to your money or investment unt...
Enregistrer un commentaire
Lire la suite