I know a guy who has reached the age of 61 and recently married a woman, so he’s starting to think about achieving financial stability.
Up to now he just has some cash saved in bank accounts, no investments as such, because something something Aristotle.
With a BA in Philosophy and many years experience as a fly-by-night English teacher in various Asian countries, the path forward seemed obvious to him:
Spend all his savings on getting a Masters degree in Philosophy from an Indian university, then a Phd, and become a philosophy professor in an Asian university somewhere.
Imagine his shock when his brilliant plan started to run into trouble.
The easiest path would have been to save and invest 15% of his income throughout his life. But Aristotle.
Having not done that, the second easiest path would be to either keep on with the fly-by-night English teaching wherever it is most lucrative, or to do an online Masters in Education which is accepted by international schools that pay better. In other words, become fly-by-day.
Anyway, I see a lot of this: doing things the hard way. I’ve done a lot of this myself.
I had a decent job offer in Saigon… so off I flounced to my alternative job offer in the most backward part of Africa I could find.
When I was a young man… oh, it hurts to think about it. Any hard way of doing something I could find, I stubbornly went for it, thinking it was true to my principles but actually I’d have had trouble enunciating what those principles were.
If there’s an easy way and a hard way, do it the easy way. Life is hard enough as it is.
Investing
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