William Shatner requested stock options instead of cash when he was hired to be the face of Priceline in 1997. His wise negotiating paid off over the years when the company’s stock went through the roof.
He is quoted as stating that if saving money is wrong, he doesn’t want to be right.
Be like William Shatner.
Income = net salary + investment income + other income (part-time work, lottery winnings, garage sale)
Most of your initial savings will come from your salary. In Chapter 8, we’ll discuss some ways to protect your salary, to keep your job and to maximize the income you earn from it.
In these initial stages, some people find it helps to take on a second job, even if it’s only on weekends. Especially if they need to settle a mountain of debt before they can start saving properly.
As you build your wealth, you will start to earn more and more interest, maybe some dividends. You will also experience capital growth when you diversify into other investment types. These all add to your “income.”
Your ultimate goal might be to reach the point where your passive income and capital growth from investments is enough to cover your monthly expenses. At this point, you can tell your boss what to do with his nine to five.
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Stop living from salary to salary. Achieve Financial Independence. Retire Early. Join the FIRE movement igniting the world.
Follow these weekly posts for solid advice on how to escape the rat race, covering material contained in Hard Money.
No obligation, no pressure – ever.
This is no get-rich-quick scheme. It won’t be easy. That’s why it’s called Hard Money.
Work while they sleep. Learn while they party. Save while they spend. Then live like they dream.
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Also available at Inner Journeys in Edenvale.
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