Sponsored Links

To retire by age 45, start with a plan.

"Is early retirement the right financial choice?" Jim Ellis discusses long-term financial growth strategies. I have blogged a...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.

Archives

"E-book" by AK

Second "e-book".

Another free "e-book".

Pageviews since Dec'09

FOLLOW AK ON FACEBOOK.

Recent Comments

ASSI's Guest bloggers

Take that dream job and take on more risk?

Friday, March 24, 2017


This was my reply to a reader's email:

Hi L,

If you remember, I have a blog that says unless we are rich, be pragmatic, not romantic. Most of us have to work, exchanging our time and energy for pay.

If we are not financially secure, then, we might have to forgo that dream job which does not have a predictable income. Having a predictable income stream provides peace of mind which is priceless.

Your passive income stream just about meets your expenses. I don't see much of a buffer but I am usually conservative. Dream job or not, you decide.

As for taking risks (in the stock market), there is nothing wrong with taking a bit of risk as long as we size our positions properly.

Of course, if you are a speculator, then, sizing is out the window. If you are an investor, then, stay prudent. Which one are you? You decide.

The AK way? 

Be prudent. Be pragmatic. Be patient.

Best wishes,
AK

Always remember, my way might not be your way. What we do depends on what we want to achieve.

Related post:
Three attributes of a wealthy peasant.

0 comments:

Monthly Popular Posts

 
 
Bloggy Award