Have you noticed that Bill Gates is still working? Which Warren Buffet still works? That Zuckerberg still works? Do you have any idea how many decades the legendary Peter Lynch worked before retiring? Do you have any idea how much Elon Musk works?
By the way, have you ever tried to read biographies of millionaires? Of billionaires? Of VERY BADASSiTY guys in their areas? They all studied hard, continue working, studying, creating, producing, traveling and so on. Their wealth and income became a mere detail in their lives.
Do you think Abilio Diniz, Roberto Marinho (deceased), Jorge Paulo Lemann, among other giant entrepreneurs in Brazil, reached a minimum equity and from then on they stopped working, conquering things, writing their names in history?
I drive a lot to work. And it’s invariably a moment that I think about a lot in life. Eventually, I’m listening to an English podcast or an ebook on the car’s sound, or I’m quietly thinking about life. I know that other bloggers friends here can criticize me for thinking that LF is not the end (and MUST) but I keep thinking:
Does not this thing of striving to achieve only FF not a mediocrity?
Why do not we think of doing more and more projects, launching bigger challenges, gaining more and rising more on our corporate scales than just focusing on saving, investing and investing? Maybe if you put the LF as a point of the path in your life and not the END of the path you reach it much faster, the LF is only a consequence of the whole of your work, your actions, your projects. If you become the best in your area and do some work, climb some positions in the company or even being free-lancer you will take off VERY QUICK.
There is a lot of professional out there that when you stand out you make lots of money. Take the case of writers who have seen bestsellers, large law firms, architecture, marketing, even a top dentistry or plastic surgery clinic with the slightly more prominent professionals of a city who bill a lot. There is a lawyer who earns 50,000 in an action, 100,000, 500,000 … And as for the liberal professionals, the more time passes and the more they upgrade, the more they earn because time and experience are on their side and here comes the charges Management, board of directors, advisors, managers and everything else.
Sometimes I think so much of getting rid of paying my basic bills with my work so quickly that I forget that my own job is that it is the epicenter of all the problems and solutions of my life and that thanks to it I was able to prosper and Have something, and not thanks to NO INVESTMENT. Maybe I’m not really good at investing.
Less than 10% of all my current assets came from my investments. The job was who gave me 90% of what I got. And to talk about profitability, I get to be WORSE than saving ever since, and since I’m still very stupid and beginner in all this, even though I already know many concepts, in practice it’s kind of hard to work on these concepts.
I could be with the triple or quintuple of my current assets if I had emigrated in the end of 2012, and I was winning in dollars since then, what prevented me from emigrating was to be totally ZERO in the accounts, to have an English half-mouth, not to have studied This is better and have programmed me better. Other than that my personal life was a mess, I was single, wanting to start a dating at a distance and not knowing what the other year was waiting for me. Like I said it’s hard to plan in life because things do not always depend on you alone, there are hundreds of variables acting all the time.
So why this post title?
Well, because of my lack of experience, I have already seen that this dividend business is a very vague and imprecise thing, the remuneration of its equity is not always fair and yet it varies a lot, and it helps you VERY LITTLE to gain MORE HERITAGE and consequently MORE INCOME. Ahhhh but you have compound interest! Yes, you do! To long term! Well LOOOOOOOOOOOONG same deadline. Those who earn little and invest little will have to wait two decades or three decades to enjoy compound interest and have a considerable increase in equity. But you see, it is not to discourage you that I say this. It is to stimulate you more to invest in YOURSELF, your work, your business, your skills and your talent.
I’ll give you a practical example:
I have a great friend who is a psychologist, she has always been the most studious of the class, ALWAYS, better grades, better books, passed well placed in a federal and graduated with praise. After she graduated she went to a public contest until good, she already did a master’s degree, doctorate and etc … Nowadays she is a civil servant and also teaches in two universities, a very tumultuous life in the day to day. And despite her good job, she complained to me that she was still unhappy about working in the morning, afternoon and evening with everything she knows and did to earn what she still earns.
I asked: What do you do on the weekend?
She: Rest, go to the beach, movies, bar, shopping, go out with friends, sleeps …
That’s what I said back there, she has 48 hours FREE in the weekend to produce and work and she spends all the leisure SDS. I do not think the SDS was made for leisure, I always thought so. I prefer to work the 7 days. This thing of leisure fds is cultural of the Brazilian. I have a goal to reach a certain heritage right up to a certain age, so I can not, and I’m not willing to sacrifice my fds earnings to spend with leisure and stay idle, but that’s me. I. And I do not suffer for it, I’m not stressed, I do not think I’m killing myself, consuming me, nothing. For me, it is normal and natural to work in the weekends. And I’m VERY QUIET about it because I know what I get and what I lose with it and for me it pays off, and I’m excited at work, I snack, I order delivery, I talk outside, I drink coffees and more coffees, I’m a sociable person, For me it’s better than being at home (because, as you know, I do not live in my hometown, I’m away from friends and family, so the work people are my company, really.
The detail is that my friend was an English teacher since she was a teenager and also during college, she has all those fucking certifications of English tests. I told her to look for students and offer private English class services at least on Saturday. Today she called me and said that she already has 4 students on Saturday totaling 6h of class for Saturday, and does not want any more students, and is charging 100 reais at class time, that is, 600 real cleaners every Saturday, money in hand, No note, no tax or anything just to do what she already does with praise. And you could even increase it more with classes on Sunday or by placing 2 students at the same time charging $ 75 each and thus earning $ 150 on the hour.
$ 2400 reais a month on her ability, her education and the perennial need that hundreds of people have to learn English in a globalized world. Well, with that she increased her income by more than 20%. Thanks for nothing. Only those R $ 2,400 reais are already the salary that 90% of the Brazilian population does not earn working 40 hours per week in the private sector.
And you can still go out on a Saturday night, sleep late on a Sunday, and review work and study things on Sunday afternoon and watch a movie late at night and/o sleep early.
In other words, you were better off only investing about 5k a month of her income to try to retire one day on her own or reach the LF and get into the face and earn more $ 2400 a month using 4 Saturdays that were totally useless before?
That’s why I said that working, working more and better, night and weekend are better than investing and expecting to receive dividends, there’s no comparison at all. With the equity she has, she would never receive it out of dividends. Dividends will only be important in a late stage of accumulation of capital, which will be constructed with a lot of work, blood, sweat and struggle.
So that’s it, friends, we have to FACE THE FACE.
No one is rich or independent without that of HARD WORK!
HARD WORK is HARD WORK damn! It’s not WORK, JUST WORK, JOB, trap, beak, job, job, firm, “drug today is Monday”, “good that today is Friday”, hit point, vacation, CLT, FGTS, none of that! There are days that I do not even know which day of the week it is, Sunday and Wednesday for me, it’s the same, I’ll take care of it.
That’s what 90% of the people do, and therefore, THE MOST WILL NEVER GET, MOST NEITHER TRY, MOST IS THE INVESTMENT. If you want to stand out from the majority, YOU WILL HAVE TO GO BEYOND and not be doing what everyone else does. Remember the words of his mother: YOU ARE NOT EVERYONE! And in an LF plan, early retirement, living on income and dividends you will have to DARE AND WORK MORE, MUCH MORE! Forget work 40 hours a week! I’m talking about 90h work, 100h a week! If it is not a job that you are paid for, add MORE HOURS OF STUDIES AND COURSES. You have to undertake on yourself, produce, generate and create.
Do you really want to live on income, get to the LF or do you just want to play it? If you want to get into the game, you will have to train and play to win, or else you will stay in the middle of the way, you will watch ships as you get older, and you will never have sailed in the calm waters that would be well deserved if you were in time Right, the right way and the right way.
Learn more things. Study at night and at the weekend. Work at night and/or at the weekend. What matters is to bring in larger volumes and to produce more money TODAY.
In about 10 years, you worry about the dividends that will be falling on your account. Worries about how to spend them better or reinvest. And there you will be able to do more with your experience, assets and free time, including working better or in a position that pays well. The future is only bad for those who are lazy today.