My idea of a Happy Jobless Life
It is important to be able to recognize and identify a happy jobless life. Many people want it, but often they end up becoming unhappily jobless.
When I was small, I thought that becoming self-employed would make me happily jobless. Later on, I thought that becoming a business owner would make me happily jobless.
Well, you can be a business owner, but you will still be unhappily jobless if you cannot identify a happy jobless life and work your way towards it.
I have read of people who quit their jobs so that they can start a business. One year down the road, they are unhappily jobless and penniless. If only I could reach out and rescue them from their mistakes. You do not want to be jobless and penniless. Together, they are ingrediants for the recipe for misery.
Ingredients of a happy jobless life
- Identify a Source of Income
Your choice of income is crucial. As far as possible, stay away from income streams that require you to give your (a) time, (b) energy, and (c) money.
Let others do the work
It is fine to spend your time to build up a business which afterwards further input of your time. It is not fine to build a business that demands your time in order to income. You will be tied down by the business.
Stay away for businesses that require your energy in order to produce income. If your business requires the input of energy, use someone else's energy! Hire people. If you depend on your own energy, one day you will be too old and frail.
Okay, so it takes money to make money. But how much you invest is important. Stay away from businesses that require a large investment of money without any visible returns for years.
The "others" does not necessarily mean people. "Others" can also mean machines or even money itself.
Some of the most brilliant business people may not have much expertise in their business. They hire the right people to do the job for them, and they just sit back and reap the profit. That's easier said than done, of course. Those business owners may not have the MBAs, but they are masters at managing their business.
Will you be happily jobless if other people are running the business for you? It all depends on how well you can let your business run on auto pilot without your employees running away, and taking your business along.
Personally speaking, if you want a be happily jobless, stay away from businesses that require a lot of human resources. People are the worst form of resource to manage.
Build a machine that prints money, metaphorically. I'm not asking you to print counterfeit money. A windmill is an example of a money-printing machine. Apart from regular maintenance, the windmill will harness wind and turn it into energy which can be used for other purposes.
In my own case, my websites are my money-printing machines. Each of them works 24 hours a day, 7 days a week. They are like traps that I set up in the river. I only need to check on them from time to time, and draw out the catch.
If you are able to create blogs or websites that make you money, they are your money-printing machines.
Buying property and renting them out can also be a form of letting others do the work. Properties tend to appreciate in value while at the same time give you rental income. However they require upkeep. While they are a good way to preserve the value of your wealth, they are not liquid. By that I mean if you are short of a small amount of money, you cannot raise it by selling off just a kitchen or a bathroom. Moreover, it takes a while and a good amount of negotiation to get the best price for your property.
It's common to hear that money makes more money. If you invest your money in stocks, bonds and other form of financial instruments, over time, you will have more than when you begin. There is a difference between investing and speculating.
A stock investor search for a good company and invests in it when the price is low. He spends only a limited amount of time checking the price of the investment. He is like the farmer to plants a tree and returns to harvest the fruits.
A stock speculator on the other hand attempts to make money from every dips and peaks of the market. He is basically using his time - a finite resource - to make money. If you want to be happily jobless, be an investor, not a speculator.
Putting money in the bank may also be regarded as a way to make money, from the interest. However, unless the interest rate far outstrips the inflation rate, you are not really getting good value for money in the bank. They are trees that aren't very productive. Having said that, if keeping all your money in the bank makes you happily jobless, by all means do that. It's better that than to lose it all by other more adventurous means.
My idea of a Happy Jobless Life is one where I earn a living using as little of my time and energy as possible. While I do spend a lot of time building my websites, they are systems to earn me money continuously. Even when I stop building my websites, the money will generally continue to flow in.
I did invest into a travel business some years back. Today I am earning a monthly income from that business, even though I have only limited involvement in running it. And I refuse to be more involved than I already am, even if it means earning more money. I value my time more than any extra money that I may earn from it. I would not advise you to do the same thing unless you have complete trust of the person running the business, as I do. Otherwise, you are simply throwing money into a bottomless pit and will never see it again.
Copyright © 2007-2017 Timothy Tye. All Rights Reserved.
Thank you for visiting my website, Happy Jobless Guy. I create it in November, 2007, two weeks after I left my job in the corporate sector. It is to celebrate the alternative lifestyle that I have embrace. I told myself back then, that as long as I am able to continue supporting myself, I will never return to holding a job. Well, so many years later, thanks be to God and my family, I am still happily living this alternative lifestyle.
My name is Timothy Tye
, you can call me Tim. I am a full-time website author. My main website is called Penang Travel Tips
. I created it to satisfy my curiosity about places and sights around me, and it has grown to become my main income earner. To know more about me, go to www.timothytye.com
As a Christian, I hope that through this website, I am able to deliver God's Good News
to people all over the world. And finally, if you wish to contact me, please submit the contact form
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