If You Don’t Find A Way To Make Money While You Sleep, You Will Work Until You Die

Discussion in 'General Trading Discussion' started by longtermbull, Nov 4, 2018.

  1. longtermbull

    longtermbull Administrator Staff Member

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    I see this comment as:-

    If you need to work all of the time to create your income then it is just not feasible

    What happens when we get older and traditional employment is no longer possible - how many people will have sufficient savings to look after them in retirement?
     
  2. fxstreet

    fxstreet Senior Investor

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    This is why we should plan for our retirement now and not wait till then before we make plans, whatever you gonna do, do it now.
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    The sooner you start saving for your retirement the more time you will have to benefit from interest and investment returns - depending on the route you take. If you start saving for a pension in your 20s there will be a huge difference in your end pot than if you started in your 30s, 40s, etc.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    So what are the best ways to make money while you sleep :)
     
  5. fxstreet

    fxstreet Senior Investor

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    Good question, maybe it should be in your dreams lol. But seriously though, there must be a good explanation to what this whole thing means.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    I think it simply means that you cant work enough hours to give you that long term financial comfort - investment is the long term solution :)
     
  7. fxstreet

    fxstreet Senior Investor

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    Philip I think you might be making a valid point here, but maybe he should explain further what he meant by the proverbs.
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    In basic terms: Once you stop working your capital will soon disappear unless you can "make money while you sleep" - investment
     
  9. Duong

    Duong Senior Investor

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    this could be the idea behind his post, but am sure he can reply to this post to confirm if this is lesson for us.
     

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