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Tuesday, December 30, 2014

One question every man has to know how to answer

One question every man has to how how to answer is as follows.

What do you want most out of life?

Being able to answer this questions is important for several reasons. Theoretically, what you want most out of life is what you believe will give you the most happiness. If you know what that thing is, you can devise a plan to start working towards it and the sooner you can answer this question, the better. For example, if a kid knew he wanted to become an engineer from the age of 16, he would have several years to research the requirements, what college to go to, what to major in, what sort of companies he would want to apply to etc.

This gives him the ability to streamline the process and not waste very much time. If he didn't think about what sort of profession he wanted to pursue, he would most likely waste time on things unproductive to a greater goal or worse, pursue things that would hinder him.

For example, let's say that Bill doesn't know what to pursue as a career and just blindly goes to college to major in French without a real passion for it. After 3 years in, he realizes that a major in French doesn't have the best job prospects. He then decides to switch his major to electric engineering. He effectively wasted at least one or semesters worth of French classes that most likely won't be needed for the engineering degree. In this case this is a loss, but the loss could have been worse if Bill graduated with a degree in French, didn't find a good job, and then decided to go back to college for engineering.

Since your life is limited, it is very important to be as efficient with life as possible. Even if what you decide to pursue doesn't work out, it is important to be working towards something or accumulating wealth and resources. The reason for this is that you can then try again and figure out what you do want in life.

Let's say that after a few years working as an engineer, Bill absolutely hates it. Bill is 35, has no debt, and has saved up a lot of cash from working as an engineer. At this point, he has the option to figure out what else he would like to do with life. Maybe he would be happier as a IT specialist or a welder. With all the money Bill saved up, he has the option to quit being an engineer and chose a different career because he has money to pay his ...... living expenses.

Since everyone has living expenses to pay, it is important to accumulate wealth and resources even when you do not know what it is you want most out of life. Having wealth and resources will make it easier for you to obtain what you want the most because you won't have to worry about having to support yourself as much.

Now if your ultimate life goal is to retire and minimize the amount of work you have to do, this is a decision you have to make as soon as possible. To grow the most amount of wealth, you have to streamline your expenses to the bare minimum and use most of the excess cash to invest. Since investments are risky and not guaranteed, it would behoove any man to spend as much time researching and studying different investments and how to invest.

I'd invite anyone who reads this post to ask as many people the important question.
What do you want most out of life?

Unfortunately, it saddens me to report that most of my peers have no idea how to answer this question.



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