Monday, June 2, 2008

Life is for Living and NOT Working



















"Life is for Living and NOT Working"; a quote I picked up from a forex guru. A nice line isn't it? I suspect many would like to live it too. But how to achieve it?

Most of us gone through the process of professional education followed by a career in the work force. Soon we find ourself strap into a routine of work with life long mortgages to service. Sounds like a trap, isn't it? I felt it that way for much of working life. So life without a job is a big step away!

I believe every change begins with a paradigm shift to a new mindset. If we examine our basic needs, we need very little to live. Often people stretch themselves to the limit in buying a home that result in life long debt. Next are other pursuits of material needs that leave one tight with cash. So the first premise is to re-examine your own needs. A sensible way is to reduce long term debts and divert resources into shorter term investments to generate cash income.

There are many opportunities to invest and generate a passive income as an intermediate step. I am no investment guru but have found forex as a viable alternative. Guess some who have embarked on this path may concur. The high leverage can be exploited to advantage but is also a double sided sword. So this is no easy route either, another learning process from ground zero to pick up new knowledge and skills.

I have shared this approach with few people closest to me thus far. Time will tell if they too can find this a workable means to... break free from work!