Comments on: Lifestyle Design: Alternative Scenarios for Financial Freedom http://fivecentstencents.com/blog/2009/08/26/lifestyle-design-alternative-scenarios-for-financial-freedom/ Financial freedom, one realistic step at a time. Mon, 16 Apr 2012 07:27:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Panzer http://fivecentstencents.com/blog/2009/08/26/lifestyle-design-alternative-scenarios-for-financial-freedom/comment-page-1/#comment-848 Panzer Thu, 27 Aug 2009 04:11:56 +0000 http://fivecentstencents.com/blog/?p=876#comment-848 Dear Foundation Indeed, be an employer (businessman) or be an employee? This decision depends on many factors as you've mentioned. The more I travel along this journey, the more I realise there are many paths towards our destination of being financially free. I'm still figuring out as I go along but I intend to also enjoy the process as well. Be well and prosper. Dear Foundation

Indeed, be an employer (businessman) or be an employee?

This decision depends on many factors as you’ve mentioned.

The more I travel along this journey, the more I realise there are many paths towards our destination of being financially free.

I’m still figuring out as I go along but I intend to also enjoy the process as well.

Be well and prosper.

]]> By: Foundation http://fivecentstencents.com/blog/2009/08/26/lifestyle-design-alternative-scenarios-for-financial-freedom/comment-page-1/#comment-846 Foundation Wed, 26 Aug 2009 09:57:18 +0000 http://fivecentstencents.com/blog/?p=876#comment-846 Thanks Panzer for once again posting another enlightening section. In my opinion, you can acquire assets via 2 broad ways; by either 1. buying or 2. creating. Buying assets would be straightforward, yet, would require significant time investments to acquire the knowledge to pick good investments out of the mediocre. Examples of asset classes would be paper assets (stocks, bonds, fixed deposit), real estate, etc. Being able to create assets is where the true wealth is. However, you would probably need to put in huge amounts of so-called "sweat equity", which means time, effort and perseverance before you can see some results. Examples of this asset classes would include the likes of Microsoft, Google, Dell computers, etc. Ultimately, it is up to yourself to decide which path suits you best. Look into your personality which will shed better light. Are you able to work long hours, doggedly persevere where people have "advised" you to throw in the towel? Are you able to live long periods of time without a paycheck? Or, are you better off in the current (stable) job, making sure you save at least 10% of your income, and spend some of your free time in the evenings and weekends enriching your investment knowledge? Wish all viewers here great abundance! Thanks Panzer for once again posting another enlightening section. In my opinion, you can acquire assets via 2 broad ways; by either 1. buying or 2. creating. Buying assets would be straightforward, yet, would require significant time investments to acquire the knowledge to pick good investments out of the mediocre. Examples of asset classes would be paper assets (stocks, bonds, fixed deposit), real estate, etc.

Being able to create assets is where the true wealth is. However, you would probably need to put in huge amounts of so-called “sweat equity”, which means time, effort and perseverance before you can see some results. Examples of this asset classes would include the likes of Microsoft, Google, Dell computers, etc.

Ultimately, it is up to yourself to decide which path suits you best. Look into your personality which will shed better light. Are you able to work long hours, doggedly persevere where people have “advised” you to throw in the towel? Are you able to live long periods of time without a paycheck? Or, are you better off in the current (stable) job, making sure you save at least 10% of your income, and spend some of your free time in the evenings and weekends enriching your investment knowledge?

Wish all viewers here great abundance!

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