I don’t like being right when I make certain predictions.
I really don’t. I didn’t like being right when I predicted that things are going to slowly be like the book 1984.
I didn’t like being right when I predicted that because of the internet, people are going to latch onto collectivism in bigger ways than ever before (another prediction: It’s going to approach levels so toxic that these notions will be acted upon more and more).
When I first read about lifetime employment being a thing of the past nearly two years ago, I had a number of reactions.
First, I had a feeling that it was true. Because the world moves as fast as it does, I know that stuff like lifetime employment was becoming antiquated.
I was also very scared about me going back to the way I lived in my 20s: Bouncing back and forth between jobs, none of them lasting any longer than a few months.
This fear got me to take a massive risk, with plans to quit my job and get on the path to becoming an entrepreneur and developing a location independent income.
I had a very strong suspicion that just staying at one job for as long as I could was not going to last. I also knew that there was not going to be such a thing as “retirement” for me.
And I was right. The only thing was that I did not know how right I was.
Behold: A text from my own mother, who is retired.
This was the text that cemented four things in my mind:
- The landscape has officially changed. There will be no such thing as retirement for me. At all. It. Will. Not. Happen.
- Because of this, I must be able to save up as much money for my old age as possible. This has to happen. Nothing is going to save me.
- And the things I do for money better be from my own business, because working at a job until “retirement” is not a reality anymore. I’ve witnessed people I personally know as well as people I follow online lose jobs from downsizing after several years of working for these organizations.
- I better not just do one thing for money either. I have personally witnessed people who foolishly thought they could have only one income stream from doing one specific thing, and it has not ended well for them.
I knew that these four statements were very accurate, I knew that they were something that I knew were a reality, but I just needed one last push to make them a reality that I could not deny.
That text was the icing on the cake, and was legitimately the final word in how I saw my future.
What are my goals?
I’ve realized that nearly everybody around me makes two major mistakes when making goals for their lives.
First, they set their goals around others, not themselves. These goals also revolve around shallow, short term desires. This is classic High School Mentality, and it is very toxic to an individual’s future happiness and even their health.
There is only one person you should be impressing with your goals: Yourself. Now this does not mean you should only make yourself happy and it definitely does not mean that you should act at the expense of others, but forget about impressing others with the goals you set. It will never happen. As far as making other people happy, that can be done if you are happy with your own life.
When your light shines, others will follow it. That’s the real form of “progress,” not what toxic collectivists would have you believe.
The second mistake that people make when setting their goals is that they do not follow through or plan anything. This is one thing that many people overlook or are “too busy” to do.
The most successful people in the world have the exact same kind of condition that my father had: Obsessive Compulsive Disorder. They track every last thing that they encounter in their life, and then they analyze these numbers and figures. They don’t make this a habit, they make it a lifestyle.
All that being said, here is my plan. And believe me when I say, I have no choice but to carry out this plan. Nobody will save me. I will not have a safety net. If my own folks don’t have a safety net, what makes me think that I will have one?
The fact of the matter is that I will not. This was made explicitly clear when I got that text from my mother. Here is someone who is retired who now needs a part time job. That is my future if I do not carry this plan out and overdeliver. There is no other way.
At the expense of sounding like a horrible person, there is no chance in hell that I will help them. I have way too much to lose. If I don’t want to become them, I can’t be with them. I can send my mother some money, but that’s about it.
By 40, in a little over three years, I need to have a net worth of $100k. This is not something I want, but something I need. By the way, this net worth includes me paying off all my debts. It includes me paying off my student loans, which are about the same amount.
This is not an option. This text revealed to me that there is no alternative. None. I have no choice but to have a net worth of at least $100k by 40.
A decade after that, when I turn 50, I am aspiring to have a net worth of $1 million. Unlike my goal for having a $100k net worth at 40, I am not expecting this. I expect to have a net worth between $100k and $1 million.
Again, seeing my folks struggle in their twilight years is the sole reason why I need a net worth of $100k and $1 million by the time I turn 50. There is no way I can keep up my current lifestyle of living paycheck to paycheck day to day. That is no way to live at all, and I know it.
How am I going to do this?
First of all, let’s talk about the only way I can do this. It has been proven to me time and time again that keeping a job will not lead to the “gold watch” of retirement. The purpose of even having a job now is to hope that you do not get fired and saving money into a fictional retirement fund is ineffective because that will get taken away the second you try to collect it.
Relying on social security (which the government gladly steals from us to perform 9/11 type attacks on nations for no real reason…whoops, was that out loud?) will not work and this has been proven to me. Because of that fateful text, I now have stone cold hard evidence that I cannot rely on social security when I reach “retirement” age in 30 years.
So the burning question must be asked: How do I intend to get to this golden number of $100k by the time I turn 40?
The answer lies in one thing and one thing only: Tracking every last dollar I spend, earn, and save.
Gone are the days where I spend money on stuff for the sake of it. There is plenty of stuff that I want to buy that I know I should not. And in my younger years, I would do this. This was especially the case with things that were related to bowling. Besides college, bowling was one of my most expensive hobbies, with almost zero return on investment.
Up until last year or so, I never kept track of the money I made and spent. This is one of, if not the biggest money mistake I have ever made in my life. For the longest time, I would just keep money in my bank account and spend it at will, not really keeping track of what I spent at all.
There is no way anybody can save money if they do such a thing, no matter what their income is. It’s just unfortunate that it took this long for me to realize this.
The truth is that there is nothing wrong with going out for a beer or some tacos every now and then. These kinds of things do not cost a lot of money, and are fine to do.
The problem is when you do not track how much money you have spent at those places.
One thing you may have also noticed is that my text contained something called the 10x Conference. Hosted by mega entrepreneur Grant Cardone, the 10x conference is something I never considered going to before. It is designed for people like me who want to make a living selling their services, products, information, consulting, or subscriptions.
Literally nobody I know would have the gumption to go to something like this.
But I know that I need to.
There is no way that I can sustain my current lifestyle for decades to come. I’m expecting great things from the 10x conference, and after it takes place, I will use all the information I have received to start my road to $100k.
The final thing that will be necessary for doing this is to live very cheaply. When I tell my buddies about moving to Southeast Asia, I’m not doing so because I dislike being in the United States. I’ll always enjoy being in the States. As much as I see my nation crumble around me, there are still a lot of people who live here who I enjoy the company of.
It’s just that it is much cheaper to live in Southeast Asia. By my 40th birthday, I will be settled somewhere in Southeast Asia. By my 38th birthday, I will have visited Thailand and the Philippines. These are two of the cheapest places for a person like me, and I intend to take advantage of that.
For me, this journey is going to be taken completely by myself. I am not expecting anybody in my corner. And that is because they believe that “everything will be fine” or that it is “so far away!”
I can’t relate with their mindsets anymore. And they can’t relate with mine.
Maybe a few will relate with my mindset. But I understand that they are few and far between.
I have accepted this, have packed everything, and choose to climb up the mountain of success alone.