Thursday, 21 May 2015

Manager

In order to save the money enough for ERE or safety net or F-U money or retirement fund or golden egg or catastrophe fund, it is not enough to be a good saver. It is also important to be a money maker.

Money making can be made large and small. The best is complementing small with large.
Large is however the first focus.

How do you make a lot of money? Risk all you have and loose it all? Not at all.

Make safe money, work and work hard, work a lot, all hours you can get and get higher and higher payments.
You know how to do this. You may not want to do it (and the story of my work career is certainly no happy reading beside the money making).
This is the thought though: If you KNOW you only have to work five to ten years, what are you then willing to do for the next thirty to fifty years? (Depending on when you start).
Don't throw caution in the wind, Stay safe and keep your money safe. But work hard at making the most money you can. (Working also has the direct advantage that if you keep your lifestyle choices smart, it reduces the amount of money spent.)

First step to making more money: Read management guides, books and manuals for managers in the line of work you are involved in. (Boring as hell, I completely agree, but its like eating spinach. It is good for you in the long run.)

Read about being a manager, the tasks of a manager, the motives behind the managers work. Follow the company or the organisations financial and political situation. Learn how do do budgets and time schedules. Even if you do not become a manager (another boring as hell task, personally to be avoided at all cost) you will be so much better at your work if you understand the motive behind the instructions you are given. Learn to speak the lingo of a competent employee/entrepreneur or manager, whatever you do.

If you put all you have into making safe money the next five years, all your hard work on saving money the next five years will be so much more rewarding.

2 comments:

  1. If you want to have money to spend, don't have kids. I have a son and a daughter, a year apart. My wife and I love them very much, and never regretted having a family. But the expense, especially of education, and medical care is very high. I sent my son and daughter to British Columbia, to Vancouver, for two years to tech schools that taught useful trades. They are doing well now, have good jobs and are happy. But kids use up a lot of money, even after they are grown and gone. My wife and I help ours with some financial matters so they can not have to work so hard.

    We have enough to live comfortably, at our age our needs are fairly modest and we have more than 33 years together of buying what we wanted, so we don't have to have a lot coming in now.

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    1. Is it helpful to pay so children can have a higher standard of living than their working income allows them, while you and your wife live frugally?

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