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Patrick Muindi's avatar

"You will need to work, at least for a while. Aim to get the highest paying job you can. Aim to spend as little as you can and save as much as you can."

Very fitting advice, Amy. I like how you handle this. Many like to begin where you invest in the stock market. But, unless you were born into money, you actually must work for money before money starts working for you.

Thanks for this, once again.

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Amy Roberts's avatar

I appreciate your comment Patrick. Definitely, most of us weren’t born with a silver spoon so we have to work for money first before we can put it to work for us.

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Ben's avatar

Also, here is a really good interview about living in relationship to the land from your fellow Canadians. I was really impressed with Ms. Joseph as she works with Nature and is an Entrepreneur. That is another option. Her brother has an interesting nonprofit.

https://substack.com/@nerdyaboutnature/note/p-158403812?r=4lqjfm&utm_medium=ios&utm_source=notes-share-action

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Amy Roberts's avatar

You are a font of knowledge Ben. So glad you’re here.

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Ben's avatar
May 30Edited

Well, this doesn’t currently apply to me since I am retired; however, you made some good points that people need to ponder work in a balanced way.

I am personally not a fan of the stock market. That’s a gambling casino in my opinion. We prefer real estate investing although right now that is tough to make happen, so we like CDs when interest rates are decent.

Here is a link to an article that really captures the direction I like. Of course, Ernesto’s premise is that climate change is going to significantly alter our reality in terms of how our societies are structured and how we will soon need to move forward.

https://open.substack.com/pub/ernestopvanpeborgh/p/seva-building-the-economy-of-aliveness?r=4lqjfm&utm_medium=ios

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Amy Roberts's avatar

Hi Ben, thanks for taking the time to read and comment here.

There are multiple paths to financial freedom. Some folks invest in stocks, some in real estate, some build a business. To each their own.

The future we are facing includes threats from climate change, AI and other tech changes, not to mention economic and geopolitical upheaval.

Thanks for sharing the interesting article here. It’s a thought provoking potential path forward.

I urge everyone to take charge of their finances and look after themselves as well as possible. As we’ve seen, government institutions can be destroyed quite easily, so we must depend on ourselves and each other.

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Qi Bing SIA's avatar

Good advice. Invest the long term changes perspective. Thanks for sharing, Amy :)

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Amy Roberts's avatar

Thanks for reading!

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Jim Christensen's avatar

Been working on this strategy for awhile. It’s funny how most people can’t wrap their head around wanting something different out of life. It seems to add a little more friction to the pursuit.

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Amy Roberts's avatar

I think people aren’t aware they have options and don’t have to pursue the cookie-cutter life. How is it going for you, Jim?

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Jim Christensen's avatar

I never made it to a 50% savings rate but I’ve done ok. I plan to drop out of the grind of work next year.

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Amy Roberts's avatar

👏

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