Reader Question: What Are Your Pursuing?

18 June 2010 52 views 3 Comments

What are you spending your energy and time on? Please select one or more of the following and add any comments you might have:

A job because I’m unemployed
A job because my job sucks
A raise or promotion at my current job
Education
Getting a business off the ground
A second income stream
Better return on my money
Something else
Nothing

Hopefully, you didn’t select #9.

For me, I’m hitting #6 and #7 pretty hard right now, but I’m also working pretty hard at my job working to earn more money through making more sales.

If you chose #5 or #6…

Be sure to stop by first thing Monday, as I will be discussing the characteristics of attractive businesses and income streams that I want to be a part of. If you’re looking to be your own boss at some point, you won’t want to miss this post. See you then…

23803 Comments2010-06-18+14%3A19%3A39Kevinhttp%3A%2F%2F20smoney.com%2F%3Fp%3D2380 »

aury (thunderdrake) said:

5 6 and 7 is what's generally coming to mind for me right now.

Mostly along the lines of solo gigs and intellectual property for #5 though

# 18 June 2010 at 4:01 pm

wingtipwalker said:

I'm currently in 3 and 4 with hopes to move into 5-7 territory sooner than later.

In #4 I'm taking advantage of tuition reimbursement from my employer to get my MBA, which will hopefully translate into #3 and an increase in income.

Since I'm in a really steady industry (yes, even in this market) with high potential for salary growth I consider my salary to be "bond income" and plan to assume more risk in my investments and business ventures. But for now I'm hoarding cash and will be focusing on school when I start in just a matter of weeks.

# 18 June 2010 at 4:14 pm

Amy said:

I’m working on #3 right now. Eventually I want to start my own buisness but feel like I need more experience and a better title first before I strike out on my own.

# 21 June 2010 at 9:07 am

Leave your response!

Thesis On The Economy

My view is that the American economy has major structural issues that will prevent it from legitimate real growth in the years ahead. Because of structural problems, politicians will react with political responses which will only do more harm and lead to inflation. Government cannot and will not fix the economic issues that are structural in nature. Only a liquidation of bad investment and market-based allocation of capital and resources into productive areas of the economy can get the economy growing again and thus lead to real job creation.

Thesis On Investing

Stock markets are unlikely to generate the return going forward that most investors expect. Buying and holding the broad market is not a wise strategy considering real economic growth over the next 30 years will likely look very different than the previous 30 years. I believe in stock picking and an emphasis on Dividend Stocks. I also believe the markets are manipulated to a certain degree via Wall Street schemes like high frequency trading and Federal Reserve easy monetary policy. It's important to factor in currency devaluation when determining real rate of return in stocks. I disagree with most mainstream investment advice in that you should passively invest in the broad market - this form of investing seeks to benefit Wall Street not you.

Thesis On Income

A tough economic environment means it is difficult for the masses looking to do nothing more than be an employee. To prosper in this environment you have to be creative, innovative and willing to compete and work harder than your neighbor. I believe we're increasingly moving towards a time where more people work multiple jobs and make a living in a number of different ways - increasingly moving away from the era where a man works for a single company for an entire career. I believe in working hard to generate multiple streams of income and often discuss ways to make money online. I document on this blog the income I make with various websites and online businesses.

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