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Why lazy people "want" to continue working?

Friday, January 13, 2017


(I salute Tan Hock and Wilson Poh.)
An exchange with another blogger.
Blogger:
Just thought I'd share this since many investment bloggers (whose plans, like mine and yours) are to live off investments;

Not sure if it's because a significant number do not understand the trade-offs involved nor the aspirations of passive investors, but it is a poorly conceived notion that living off savings/investment is a "bad" idea for the economy because of the loss in productivity. 
Perhaps many just refuse to learn how to live without the need to wake up for work everyday. It would not surprise me if a poll showed that this group only believes that a stable job and income is the way to pay bills (racked up by buying things they do not need). 
Maybe they should try living for years bringing their own lunch to work and working multiple jobs just to achieve that of early retirement. But then again, these people are likely just "too lazy" to think of making the change huh?
AK:
I know I am a lazy guy. So, I did what I did. If they are lazy too, they want to think about change. 
All of us have choices in life. I chose to try for financial freedom and as soon as possible because I didn't want to continue working because I had to. For people who like working, achieving financial freedom early will give them the option of working because they want to.
I cannot see why it is bad to have options in life and I know you agree. :)
Related posts:
1. Financially free and ashamed.

2. Work because you want to...
3. How did AK achieve financial freedom?

17 comments:

F4FF said...

Yea. Totally agree with your last para.
My friends always accuse me of loving money too much, but really, what i crave for are the options that only becomes available to me when i am no longer tied down by financial commitments.

AK71 said...

Hi F4FF,

Unfortunately, many people are wage slaves.

What is even more unfortunate is that they don't know they are.

Kevin said...

Hi AK,

I always believe that individuals should work because they want to and not work because they have to.

Just sharing this article that I read on the straits times. I hope the government don't come up with any capital gains tax or related reforms to hurt investors' pockets. :P

http://www.straitstimes.com/opinion/is-singapore-at-risk-of-becoming-a-rentier-society

http://i.imgur.com/EWDhIdF.jpg

Kevin said...

Hi AK,

I always believe that individuals should work because they want to and not work because they have to.

Just sharing this article that I read on the straits times. I hope the government don't come up with any capital gains tax or related reforms to hurt investors' pockets. :P

http://www.straitstimes.com/opinion/is-singapore-at-risk-of-becoming-a-rentier-society

http://i.imgur.com/EWDhIdF.jpg

AK71 said...

Hi Kevin,

Hence, related post #1 in this blog post. ;p

I doubt very much that the government will do anything to hurt investors if they want Singapore to remain attractive to investors. :)

Everyone aspires to a better life. If we can be a wealthy landlord, why would we want to be a poor labourer? We are lucky to be in an era and in a country when most of us can become wealthy if we do the right things.

tt said...

I asked a 39 yr old friend about retirement savings and if she invested.

Her reply : I do not invest. My fortune teller says my ba zi shows that I do not have the luck for it.

True story.....

AK71 said...

Hi tt,

Well, if she has the good fortune of having a good career that pays well and if she saves most of her income, she might not have to invest to be able to retire comfortably. :)

Daniel said...

Hi AK,
is good to have alot of money and no worries of gooden years.but happy and healthy? subjective to each individual's definition of retirement in work and money.
my buzzword is SIMPLIFY our lifestyles. say choose between restuarant (svc and gst charges)and foodcourt or foodcourt and nearby hawker center, every dollars save,help me to save to build up my retire fund. Of course I do visit resturant with only my family when I have the extra extra fund to spend with a cap too.Another area I learn and practise of AK's sharing of delay buying the things we needs. actually at time is a want instead of needs.I will buy it in later months,because not latest model and there is promotion with price reduction.
AK,take this opportunity to say Thanks You and be Blessed.

AK71 said...

Hi Daniel,

I always say keep our needs simple and our wants few.
We don't have to be a millionaire to be financially healthy.

Gambatte. :)

jojo said...

Hi AK,
I think it's too drastic to pigeon-hole people who invest to being lazy to hold down a job. Many people invest and hold demanding & satisfying jobs at the same time.
To me, learning the proper way to invest (ie not treating the stock market as a casino, as most un-initiated people are wont to describe it, but investing in companies that will grow your monies) is a life-skill.
And the earlier we educate ourselves and invest the right way, the better because of the compounding effect.
The world has changed so drastically because of technology that a job is no longer an iron-clad rice-bowl. So learning to invest is one tool to address this (unfortunate but true) reality.

AK71 said...

Hi jojo,

The world has been disrupted and will continue to be disrupted by technology. It is happening faster than ever. If we were to go to sleep and wake up 5 or 10 years later, we might get a shock.

Many will lose their jobs because of the disruption. The old economy is under siege. I know because I belong to the old economy. If I am not financially healthy today, I would be very worried.

AhJohn said...

AhJohn said...

Although I maybe in new economy, I also worry, the competition changes landscape every year, don't know how long we can last too :( And, I don't have first million yet.

AK71 said...

Hi Ah John,

Although it would be good to have, not all of us need a million dollars to be able to retire comfortably. ;)

See: Retirement planning.

AK71 said...

Oops. Linked wrongly.
Should be this one:
Retirement planning.

simplyme said...

The article doesn't exactly opine that passively collecting income is bad. It points out that such views exist which in itself is bad. It seems to imply that one should only have the option of working to be deemed a "productive" member of society. It ignores the issue of human having a biologicall fixed used by date. And so, past this date humans should need to depend on their savings. Problem being, this use by date keeps getting earlier and therefore, the years to "save" up enough are also getting less. Investing is one method of hedging and I do not see why this is bad. As AK has pointed out, many who have sizeable passive incomes still choose to work. The difference being they work because they want to. Not have to. Work and passive income are not always mutually exclusive. Therein lies the fallacy in the assumption that a rentier society is less productive. I suspect such views stem from a sour grapes mentality; finding it unfair that someone else can have an option to work, instead of being yoked by their jobs

AK71 said...

Hi simplyme,

You are right about our used by dates getting earlier despite retirement age moving in the other direction. Result? The need for retraining and more frequent retraining for workers to stay relevant and employable. I won't be able to find a good paying job that would take me the way I am today, I am sure. Alamak.

Actually, I think sour grapes are not so bad compared to grapes which have gone bad. LOL. ;p

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