the world owes me nothing

The world owes me nothing.

The world owes you nothing. Your mother owes you nothing. The lottery corporations and casinos especially owe you nothing.

Whatever freedom or flexibility or security you can gather in your world ultimately comes down to one thing. YOU!

I’ve almost retired from my job, oh, I think it’s six, no, 7 times now.

You would think I hate my job, but I don’t. For me, retirement is all about male ego and delusions of investing grandeur. It’s about dreaming.

In my little Walter Mitty mind, I’ve always been a supreme investor à la Warren Buffett and the way that one knows they’ve arrived through investing smarts, is by retiring from productive, human-helping, paid work. The important stuff.

…………….

I’ve never made a particularly good income in any job I’ve worked.

I delivered the Hamilton Spectator newspaper for years as a kid — made pennies, maybe a buck or two each week.

LARRY SPEC CARRIER TIFF

Yep … my first job …

At 15, I made a huge leap forward in income. I got a McJob — REALLY.

Starting in 1973, I flipped burgers at McDonald’s for 4 and a half years at a starting pay level of $1.55 per hour. A full 8 hour shift poured $12.40 into my bank account. It took a lot of late night shifts and weekends to pay $1,000 car insurance on top of college expenses.

But I was a good McDonald’s man; I was an All-Star McDonald’s man, and yes, there truly are such things.

McDonalds All-Star

After 4+ years of saturating myself a few times a week in beef fat and dehydrated onions, I concocted my last Big Mac, hugged my teen co-workers so long and walked out the door. Finishing pay rate?  $3.40 per hour.

I graduated from Mohawk College with a certified-sharp hypodermic needle in hand and headed north to begin work as a Medical Lab Technologist. My first professional position at Stanton Yellowknife Hospital in the chilly Northwest Territories  — $9.69 per hour.

I was rich … for almost a week.

Then I had to pay grown-ups bills like rent and heat and groceries. Have you checked the price of milk in Yellowknife? Alta 3.9 Beer and Black Tower wine are cheaper than their more nutritious counterparts which perhaps explains why I remember so little of my time in the NWT. If only I had figured a way to milk a caribou.

I’ve moved on to other lab jobs in small B.C. communities like William’s Lake and Comox and now in Penticton and Kelowna. I won’t tell you what my hourly pay rate is today because my co-workers who make $25 per hour would be right ticked off knowing that I make 8 times their take. That’s not true, but I like to think that I’m worth that much.

Suffice it to say, I make a reasonable wage for living a moderate North American middle-class lifestyle. No complaints but I’m a good many Ironman-length distances from the elite 1% so frequently bandied about in today’s news reports.

I’ve always thought I would be in the 1%. Or at least have a bank balance that pushed close to 8 figures. So why not?

…………….

The answer? I didn’t understand the 10,000 hour rule.

I was never going to strike it rich on the employment income side of the ledger, so I decided that investing what little I did earn was the fast track to untold wealth.

In my 20’s, I believed I could just waltz in, read a few magazine articles and books, and answer the phone when my broker-friend Rick called:

“Larry, buy as many shares of JuJube Inc. as you canIt’s a certain triple in 3 months“.

Soon, buckets of investing dollars would pour over me like runny No-Name catsup over steaming, fragrant French fries.

You’re not stupid. You know how that worked out. Broker-Rick got Rich, Client-Larry got broker.

But a LOT of people invest in just that fashion.

Over years, nay decades, I discovered that money was actually Heinz ketchup and flowed slowly. Cash needs a few wallops on the back-end until it begins to pour and some compounding momentum is gained. I learned that the best one to trust in making important investment decisions is myself.

Investment success is like masturbation, only YOU truly know what feels and works the best.

I had to read the investment books, re-read the books and then live the experience and learn from the experience. And continue learning from the experience.

Every minute. Every day. Every now. Over a period of years.

Blue Chip stock investing is the perfect thing for an easily distractible fella like me. I can apply myself for an hour or two, and then walk away for the rest of the day and come back to it refreshed… tomorrow.

Today,  I’ve finally spent the requisite 10,000 hours learning my investment chops. The learning will go on and maybe before I die I’ll gradually turn green and become Investment Yoda. But I doubt it.

give-me-all-your-money-you-will

Most of us spend most of our adult lives working, saving, and investing to find a lush oasis of financial security and a fountain of funds to make our days more pleasurable. For some it means monster homes and luxury vacations, for others it means freedom to serve and assist those in less fortunate circumstances.

We all want secure money for life and we’re all looking under every unturned rock to find it. There’s a multiplicity of ways to make, invest and keep money. But we each have to find one (or more) and then settle in faithfully for the 10,000-hour learning curve.

I found my niche and so I expect to keep getting rich slowly.

I might even retire on my 8th attempt.

Some believe that Jesus will save them. Or Allah. Or Buddha. Or Jehovah. Or a Lotto ticket.

Pray if you wish to a great higher power, but in the end, pick yourself up off the floor and make your luck happen.

You owe it to yourself.

Minion Dollars

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