Wage Slave Freedom: Invest In Yourself
Everyone thinks you invest in a company, or a commodity, or an options contract, or a piece of real estate, or any of the hundreds of other types of investments.
You’re really not. You’re investing in yourself. You’re just using those assets as vehicles to generate wealth. Wealth that can then be used to improve your life.
In order to make the transition from a wage-earner to someone who is financially free, you have to recognize the power of investing. Investing, when done properly and without emotion, can lead to exponential returns and increased wealth.
Each dollar invested, earns a percentage. Which is then reinvested. And reinvested. Until you have enough money that you no longer have to rely on an outside income. You may not quit your job; but, you know you can.
So what are the keys to investing in yourself?
- Set aside a certain amount of money of your regular pay to invest.
- Divide that sum up into various accounts. A long-term account for retirement account. A shorter-term account for wealth generation. And an emergency account that you can access immediately.
- Choose investment strategies that have the highest probability of return and the highest probability for sustainably high returns.
The last step is often the hardest, although at Online Investing AI, we are investigating just that possibility by allowing regular folks to leverage the power of advanced technology.
Another thing to remember is to invest only money you don’t need for day-to-day living. Investing is not gambling.
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
I think investing in our own education is the best investment we can make. It provides the most leverage and the highest returns.