Anyone successful on here?
- Thread starter poorboy
- Start date
Be flexible in how you measure financial and personal success.
Sometimes when you get what you want you realize that it wasn't really it at all and that you have paid a significant price to get it.
Keep an open mind as you travel and remember in the end, it is the journey that has the value, not the destination.
Sometimes when you get what you want you realize that it wasn't really it at all and that you have paid a significant price to get it.
Keep an open mind as you travel and remember in the end, it is the journey that has the value, not the destination.
E
eyeofthedragon
Hard work goes along way, luck may open doors for you but you need to walk through them and seize the opportunity. Luck is great but you need to work hard to maintain and grow success. Loving what you do is very important, I don't consider what I do work and make a good income.
Draw a pentagram with goat's blood on your kitchen floor, and recite "Shabooboo" five times while twirling on your head.
I don't think I need to work any harder. I've busted my ass to get what little I have. I know of people who haven't work as hard as me and who aren't as intelligent get further.
I need to work smarter. I also need a "break", which might be counted as luck.
I need to work smarter. I also need a "break", which might be counted as luck.
Intelligence is only one factor in success.poorboy said:
Success also has a shitload to do with self-esteem, so a little self-inventory is always good.
For the longest time, I made a certain amount of money. Then I changed my mind about how I did what I did and what I wanted to yield out of it, and made literally 10x as much for the same work.
Hang around driven people. That helps.
this may sound like a cliche but a plan is also necessary....you don't wake up one day and decide you want to be a millionaire or decide that you want a great personal relationship with someone or that you want happiness. Those are goals...in order to acheive goals you need to plan for interm steps or short term goals that ultimately lead to your longer term plans. If your immediate end goal is to save $60K, map out how you're going to do that. A plan will help you to understand the relative ease or difficulty of your goal. To save 60K a year might be a great goal but it will be tough...60K/year = $5000/ month in savings. 6K might be more reasonable in year one.
If the plan goes awry don't give up...correct and adjust the steps needed to get to the short term goals and keep going.
Build upon your milestone successes to create other avenues of success. For example, if you own a home and have enough equity in it get a secured line of credit against your house. You can then use this equity to do other things like buying investment properties, or other investments. You can even use it to buy rsp's thereby generating tax savings (just be careful that the rate of return on the investment is at least twice what you pay on interest on the LOC because you pay the interest on the LOC with after tax money. Also be responsible with the money from the LOC). The other advantage of this strategy is, with the exception of RSPs, any interest you pay for the LOC loans that you use to buy investments are tax deductable.
Most importantly, never, and I mean NEVER compromise on your personal code of ethics. If it doesn't feel right it probably isn't and little transgressions on the road to success (whether success is an emotional, financial or other thing to you) have a way of coming back to haunt you 10 times over.
If the plan goes awry don't give up...correct and adjust the steps needed to get to the short term goals and keep going.
Build upon your milestone successes to create other avenues of success. For example, if you own a home and have enough equity in it get a secured line of credit against your house. You can then use this equity to do other things like buying investment properties, or other investments. You can even use it to buy rsp's thereby generating tax savings (just be careful that the rate of return on the investment is at least twice what you pay on interest on the LOC because you pay the interest on the LOC with after tax money. Also be responsible with the money from the LOC). The other advantage of this strategy is, with the exception of RSPs, any interest you pay for the LOC loans that you use to buy investments are tax deductable.
Most importantly, never, and I mean NEVER compromise on your personal code of ethics. If it doesn't feel right it probably isn't and little transgressions on the road to success (whether success is an emotional, financial or other thing to you) have a way of coming back to haunt you 10 times over.
I feel I've been careful in how I spend my money and live within my means. I have $74,000 or so market value in my RSP and a $25,000 reserve outside my RSP, but am now unemployed 
I own no property, have no debt and my rent is a little over $500 a month.
I'm 33 now. I've been driving the same car for 14 years and 276,000 kms and it is one of the factors that has contributed to me developing an expertise in automobiles. The other factor is racing and maintaining my other car, a Grand National.
I was let go in early August and paid up until Sep 3. Two new levels of management came in, and they let me go after a month and a half as a non performer even though the previous manager gave me lots of verbal praise, an MVP nomination, and the CEO of the division handed to me in person a pair of gold seat Blue Jays tickets for a job well done.
I don't want to keep living like this. I need some type of break to get rolling. The last job would have been if the old manager had stayed.
I know people who didn't get thier masters degree who were earning just as much or even more than me, and they are also married with children. I feel like I am falling behind both financially and on an personal level.
I need a break or some change in luck.
I own no property, have no debt and my rent is a little over $500 a month. I'm 33 now. I've been driving the same car for 14 years and 276,000 kms and it is one of the factors that has contributed to me developing an expertise in automobiles. The other factor is racing and maintaining my other car, a Grand National.
I was let go in early August and paid up until Sep 3. Two new levels of management came in, and they let me go after a month and a half as a non performer even though the previous manager gave me lots of verbal praise, an MVP nomination, and the CEO of the division handed to me in person a pair of gold seat Blue Jays tickets for a job well done.
I don't want to keep living like this. I need some type of break to get rolling. The last job would have been if the old manager had stayed.
I know people who didn't get thier masters degree who were earning just as much or even more than me, and they are also married with children. I feel like I am falling behind both financially and on an personal level.
I need a break or some change in luck.
