How to escape the rat race, forever.
Crouched over my desk with my face in my hands, and it was only Tuesday. It was mid month and I was far behind on my sales quota for the month. Generally that’s a stressful enough situation, as is. But I was a few weeks away from needing to find a new place to live or move back in with my parents far away from where I was working. Hey, at least it wasn’t the street, right? At the time I was convinced my next move was to purchase a house, so on top of this I was regularly viewing and working to put offers on houses. Which intensifies the stress of being behind on your sales.
Low disposable income, stressed out over acquiring and managing a mortgage, constantly grinding on a job that paid variably. ‘Fuck this’ I thought. I was a few years out of university working a less than ideal job than I had imagined for myself after completing a bachelor’s degree. I was in minimal debt but wasn’t doing much in the way of saving and I was looking to lock myself into a mortgage in a small city where I grew up, because I thought that was the right thing to do as an adult. I’m sure there are many others my age who can relate.
How to invest your money
It’s human nature to want what we don’t have. To assume some alternative to what you currently have is somehow better. Over the last while I’ve felt this phenomena regarding my investments. I recently explored some alternative routes to my investment strategy. See an analysis here.
Now that I’m teaching English in China, and upping my online teaching hours I have some serious cash flow to dump into my investments. So I felt it necessary to review my plan of action moving forward.
Growth Investing, high dividend stocks, & ETFs
As investors we are here to make money. We are always looking for the most favorable return. Since there are many ways to skin the proverbial cat of reaching our goals, we need to look into the total picture of costs and benefits of all options.
For most of my investing career I’ve taken the growth investing approach through buying market index ETFs. I’m young and they provide a less risky way of achieving baseline returns. Though since I’m relatively young; passing my mid twenties, I’m wondering if I should be looking at other approaches.
Build bank, earn money and travel simultaneously.
I remember looking out the window of my office during my first job out of university. It was a brief moment between the whip of management being cracked to pick the phone back up. I was wearing an uncomfortable suit, barely making bank and just thinking..
FUCK THIS. I’m moving to Thailand to become a dive instructor. I want to earn money and travel simultaneously.
That fantasy seemed nice and all until i researched how much dive instructors make. You better love it, because it’s probably last on wealth building profession list.
I moved through a few other jobs over the years, still dreaming of jetsetting and island life. Finally, about a year and a half ago I did something about it.
Canada legalizes recreational marijuana in 2018
Legalization of recreational marijuana use is penned for July 2018 in Canada, naturally marijuana has been a hot topic around the country – and the world – lately. For the last few years stocks of Medical marijuana companies have been on fire. And they aren’t showing signs of slowing down.
The mere promise of legalization. The ever changing landscape of regulations. And many companies still proving to show profitability makes this a risky industry to be investing in. As an array of companies flood into the space, it’s hard to know which stock to put your hard earned dollars into. With many realizing 100% gains over the last year, it is certainly not an industry you want to be overlooking.