Work and Love
Instead of buying all sort of things, we can instead make a personal fund of a sustainable stock index fund. That can make room for taking up work that we love. Work that makes us thrive, and not just to survive.
There is many people who take up work which they love. They are often called “entrepreneurs”. But in this modern culture is often found as “risky” because we need to make a living (3.000 $ ish) while doing so.
How horrible wouldn’t it be if you and your family should live a deprived life on 2500 $/monthConcerned “Non-FIRE” Citizen
If we can take that money and make sure our basic expenses is covered. We can take up work that doesn’t even pay us. Imagine if everybody started worked with their heart instead of their wallet? Don’t you think we would have way better products. If we had endless time to come up with ideas, with no deadline, and didn’t have to worry about pleassing some investors?
Say Hello to The Wuss-Entrepreneur
A Wuss-Entrepreneur is a person who would like to have something on their own. Educating, creating and offers products they think the world needs, but made with love.
A Wuss-Entrepreneur doesn’t want to risk the roof, the food, and the wellbeing of their families. Or their own future.
They don’t want to spend 80 hours/week for their newborn company.
What they do want is a work scheduele on their own terms.
A wage that match what they desire. This can turn out to be less than what your old boss thinks is appropriate.
Maybe they want to create something that changes the world, but are not seen as something worth spending money on.
Or it can be the opposite. Maybe it is something you just love doing. Like art. But the Wuss-Entrepreneur don’t feel like doing it full-time, or risking anything doing it.
FIRE and Being A Wuss-Entrepreneur
FIRE and being a Wuss-Entrepreneur goes hand in hand, like early mornings and coffee.
It is the best combi ever. And here is why.
It Will Increase our Portfolio Value
The beauty about FIRE is that everything is really simplified. As a rule of thump, if we can hit 25 times our annual spending, we should be set for life.
So for every 1000 $/year we can make being a Wuss-Entrepreneur. We will increase our portfolio hypothetic with 25.000 $. Because thats the amount we would like to have in our portfolio, if we were going to withdraw it.
Imagine if we can make 10.000 $/year being a part time wuss-entrepreneur. That means our portfolio is going to be 250.000 $ bigger than what our current statement says.
We Can Start as Many Businesses We Want
There is no reason to just hold on to one business. We can start as many as we like. And work whenever we want.
Or we can learn a new skill every year or two.
According to an old American public speaker named Earl Nightingale, if we can study for 30 minutes a day we can master any topic in this world.
By reading 30 minutes for six months we can become legimate experts.
By reading 30 minutes for 3 years we can become in the top of our field.
By reading 30 minutes for 5 years we can become a national authority.
By reading 30 minutes for 7 years we can become on the best people in this world.
Let’s do the math. If we are able to reach fire in an age of 40 years old. We still have aproxemaitely 40 years left of our lifes.
By reading 30 minutes a day, we can still in an age of 40 become one of the best people in world on 5 different topics.
And no need to worry if you think being one of the best in world sounds to big and scary. Just studying and practicing something for a year, would make us able to make at least 1000 $/month on almost anything.
Imagine this. If you started a whole new chapter of your life, tomorrow. Within 20 hours of reading you will know the basics of that new topic, and from there you can start to teach other people (and make money) about this new topic. In six months from that point you will be a freaking expert on that topic, and would probably be able to make living doing so.
Work Whenever We Like
I have never understood why everybody is taking vacation in the summer here ind Denmark. To go for an exotic trip away from Denmark. I know people have kids, and that’s why they have vacation in the summer. But I can’t really find a good reason to leave the country.
We don’t have the same climate as Sweden and Norway, where they have way more snow than us. And Denmark looks pretty much like a pancake. That means the winters is often just dark, with “snow” there seems more like an slush-ice. So we can’t enjoy a ski trip, like our fellow scandinavian friends.
As a mason I love working in the summer. There is nothing better making a tile roof in the summer. And eating lunch with a coworker on the roof, looking across Copenhagen. It is the most awesome feeling ever.
I could see myself working every summer, and staying in Denmark when the weather is (often) super awesome. And then leaving the country in the dark winter.
Or we could just work a couple of days each week. Imagine working part time at job. Only showing up Wednesday-Friday, being able to catch a beer with co-workers on fridays. And skip the monday everybody is dreading?