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- Jun 22, 2018
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So I recently watched this video by MJ
View: https://www.youtube.com/watch?v=YgtZfYby6EY&ab_channel=MJDeMarco
, and it made a lot of sense to me.
I have around 90k euros which I took out in dividends from my fastlane venture just recently and was about to invest them in the S&P 500 (and maybe 10% of that on 1-2 stocks).
The point is, it's true. There is an opportunity cost here: time. I am 24 and have been working all my life for as far as I can remember. I never really took vacations or time off, and here I am now with more money than ever and I still feel like it's not enough and I should make more.
I have 1 year of savings too so my net worth currently is around 120k euros. My fastlane business keeps selling and averages 50k in gross revenue a month.
Do you think I should keep the money or invest them? Is investing 75% of my net worth stupid at 24 years old?
I know this largely depends on my goals, and my goal is to live life mostly. As I said, I never really had fun, but that doesn't mean to say I want to blow all my money. I want to retire from the rat race and be able to earn passively enough to cover daily expenses and rent, and after that I can figure out how to make more to actually buy things I don't need but want (a supercar, a vacation, whatever).
Thing is, my gut feels something is wrong. I feel like getting old. Being 16 feels like yesterday. And I will be 30 before I know it. I don't want to be the white haired old man with a Ferrari. I want to be young and rich and I know I am already on the right path, but when I look at a measly 5% return annually, which is 4500 euro for a 90k principal, that doesn't seem so appealing, I could barely survive for 2 months with that amount.
I have 1-2 ventures which I have always wanted to pursue and honestly, I could pursue them soon with what I have, and I would be doing something I actually enjoy and develops my own self, because I don't particularly enjoy my current business any longer and it's soul sucking.
What do you think and do you have any suggestions?
, and it made a lot of sense to me.
I have around 90k euros which I took out in dividends from my fastlane venture just recently and was about to invest them in the S&P 500 (and maybe 10% of that on 1-2 stocks).
The point is, it's true. There is an opportunity cost here: time. I am 24 and have been working all my life for as far as I can remember. I never really took vacations or time off, and here I am now with more money than ever and I still feel like it's not enough and I should make more.
I have 1 year of savings too so my net worth currently is around 120k euros. My fastlane business keeps selling and averages 50k in gross revenue a month.
Do you think I should keep the money or invest them? Is investing 75% of my net worth stupid at 24 years old?
I know this largely depends on my goals, and my goal is to live life mostly. As I said, I never really had fun, but that doesn't mean to say I want to blow all my money. I want to retire from the rat race and be able to earn passively enough to cover daily expenses and rent, and after that I can figure out how to make more to actually buy things I don't need but want (a supercar, a vacation, whatever).
Thing is, my gut feels something is wrong. I feel like getting old. Being 16 feels like yesterday. And I will be 30 before I know it. I don't want to be the white haired old man with a Ferrari. I want to be young and rich and I know I am already on the right path, but when I look at a measly 5% return annually, which is 4500 euro for a 90k principal, that doesn't seem so appealing, I could barely survive for 2 months with that amount.
I have 1-2 ventures which I have always wanted to pursue and honestly, I could pursue them soon with what I have, and I would be doing something I actually enjoy and develops my own self, because I don't particularly enjoy my current business any longer and it's soul sucking.
What do you think and do you have any suggestions?
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