Rat race escape plan

newwurldmn said:
I left Wall Street and bought a small manufacturing firm.
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;D

phi-phi-bucket-shop.jpg




Sorry. Could not resist. Humor makes life brighter. :)

Your choice reminds me of :
Timestamped
 
Nobert said:
It's irrational to make YOLO while each crisis presents dislocations that provides opportunities of making 1000% - 5000% per position in 12 moths.
Gave a look only to March lows (so far found 3 cases like that) & now as writing this, wondering how many of those there was during 08 or 00.
One could even make chart, corrections including. Probably would be a downwards trend.

quick shot with windows paint
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Have you found yours, an activity like that ?
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what opportunities were there to make 1000 to 5000% and how do you identify them in real time? did you make such trades?
 
Thanks everyone, all the responses are really constructive! I don't have any strong disagreements. Basically, the idea is to put a ceiling on your income level so you are not able to spend more. It's kind of like forced savings account, except it's a forced highly speculative account. So it forces you to live within your means while having that "lottery ticket" payout possibility open, but the odds should be much better.

The reason I put this under psychology section is because I was thinking - If I have had accumulated 500k by the end of the year, will I really take an all or nothing 2:1 bet with that sum of money? I will probably chicken out, withdraw the money, pay the taxes, buy some sh*t, and go back to the race :( That's what most people end up doing no matter what excuse they use to justify it.
 
ElCubano said:
I became a minimalist. End of rat race. I have not had a car in 3 years. Just now I purchased a truck for under $3k, ride my bike everywhere and live like a Cuban hippy. House is paid for and have one income property. Peace
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Do you have a family to provide for?
 
qlai said:
@Nobert, I started listening and thought I was in the Twilight Zone. lol.
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Laughs. Why ? I wish more folk have heard of this. Meanwhile most young men, wondering through life, aimlessly. No goals. No vision.

The ,,gas station on the corner" reminded me of newwurld's choice to buy that small bis. Whatever looks meaningful to you.
 
newwurldmn said:
there is very little spiritual value in trading for a living; I think that will matter a lot in your final years.
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Actually you need to constantly live at a very high level of consciousness to be a good trader.
Well above, anger fear desire/greed etc

Using the chart below, most people live below level 200, but you need to maintain at least level 350 to be a good trader.

And as a trader you have the time to work on yourself and go even higher up the scale.

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