I’ve always thought of the FIRE game as math’s, plain and simple. At some point you realize that there is a limit to how much you can save and that the next step is to increase your income.
I’ve never been good at increasing my side income skills. Frankly, aside from dividends, which has provided some level of passive income over the last 2 years, I’ve never really dabbled in other ways to make more cash.
That’s before I met Gary Vaynerchuk and his 2017 Flip challenge. Okay never mind, that this is Yr 2018 and I am 1 year behind the curve. This guy is a serious eye opener and in my opinion a very shrewd observer of the changing tech scene, especially when it comes to small businesses.
You can watch his video here
It has barely been a month since I’ve started this exercise and I’ve already sold 3 items. I’m seriously contemplating going down to the thrift store this weekend to see if I can find something valuable to flip for free.
Given my skills, the S$20,170 target looks like miles away, but I guess the process is more important than the product. Imma chip away at it one step at a time.
I remember when I first started on my financial freedom journey, I was so hungry for knowledge that I would spend weekends tearing apart company balance sheets to look for hidden liabilities not presented their gearing ratios. Today, a productive weekend afternoon would be if I flipped through a prepared investment analyst report or the business section of the news.
I think life today is more fast paced than every before, with videos and content being pushed to us across most entertainment channels, there is a real chance that one can get lazy and stop creating.
It was therefore serendipitous that I came across a video which told you what happens to people who stop creating. You can catch the video here
According to the video, an increased exposure to screen time content resulted in children having a lowered level of executive function skills. In fact, they found a negative correlation between a child’s future IQ and time spent on devices.
This is a timely reminder that we were created to use our brains productively and our senses wisely. To sedate them in binge watching Korean dramas or Netflix series, is not only unproductive but also makes us more passive.
I remember that it was just years ago, where I could spend a week or so cramming for an exam. I was productive then, I will continue to be as productive today.
So don’t consume, create!