Saturday, November 25, 2006

Good at Maths? Answer This Question.

Over years and years of study throughout high school and university, I have gone through so many different types of mathematical problems it's almost beyond belief. I am amazed at how an individual could even come up with these complex mathematical theories and what scared me the most, I came across engineers talking about fourth, fifth and even sixth dimensions in space. It is great that humans are capable of thinking at that capacity, but the absolute toughest maths question that I have ever faced is this: How do I achieve x dollars in y years in order to live, not just a normal life, but an incredible life.

Unfortunately, with the way kids are brought up at school these days, the education system guides them to the inevitable 9-5 job. We start off young with great dreams, until the school system and even people we encounter begin drilling the idea of hard work equals success. Our dreams gradually disappear, and over time many start thinking "no, I can never do that". It is sad to see some people settling for the simple life, not taking risk, not coming out of their comfort zone, or fearing what others may think if we don't conform with society.

So what is the plan or solution to living an incredible life? Im still knuckling down trying to solve this question, but it is definitely work in progress and Im learning as well as reaping some rewards from what I have learnt. To make the solution even clearer, I ask myself how much do I actually need to live an incredible life? Would an incredible life equate to $3000/month passive income? $5000/month ? Maybe even a million. Why not? I've come up with three possible answers:

1/ job,
2/ business, or
3/ investments.

Business and investments are the better options in my opinion. With business there's also the option of online (internet) or offline (like a cafe or retail shop), and an online business seems to be the smarter option. The benefits of having an online business include:
- open 24/7,
- there's no stock to handle,
- staff is not required,
- and even a product isn't required to make money online.

With investments, real estate seems to be more predictable and easier to learn for the average person whereas shares also work but to me seems a bit more complicated. In Australia, real estate has actually stabelised, so it's a good time to buy. Don't wait till property booms to a level
like in Japan, where morgages could be arranged over 3 life times.

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