What would you do if money was no object?

Discussion in 'Investor Psychology & Mindset' started by mrdobalina, 15th Jun, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
  1. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,970
    Location:
    there's more to life than working
    I love watching this video.

    "What would you do if money was no object? How would you really enjoy spending your life?"



    A lot of us invest so we can get to stage where we can enjoy spending life doing what we really want to do, instead of grinding each day in a J.O.B.
     
    chindonly, Bounce and The Y-man like this.
  2. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    5,572
    Location:
    Melbourne
    bill gates seems to still work his butt off even at his wealth and age!
     
  3. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,970
    Location:
    there's more to life than working
    He's probably 'working' his butt at stuff he's passionate about. When you do that, you don't feel it's 'work' !
     
    Chris Au, samiam and TMNT like this.
  4. alexm

    alexm Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    492
    Location:
    Sydney
    I'd continue working. Why stop if you enjoy what you do?
     
  5. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,970
    Location:
    there's more to life than working
    That's great.
    What if you didn't get paid a salary for working what you do? Would you still do it?
     
  6. Xenia

    Xenia Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,863
    Stay in bed
     
    pippen and Random Username like this.
  7. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,970
    Location:
    there's more to life than working
    Sleeping... reading... or dreaming of ways to conquer the world?
     
    Jess Peletier and Xenia like this.
  8. Xenia

    Xenia Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,863
    Love it
    yes!
     
  9. Mumbai

    Mumbai Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,220
    Location:
    Melbourne
    That's what she said!
     
    Xenia likes this.
  10. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,527
    Location:
    Melbourne
    Teach/Lecture (but not mark!)

    The Y-man
     
    mrdobalina likes this.
  11. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.

    What subject?
     
  12. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,970
    Location:
    there's more to life than working
    So what's stopping you?
     
  13. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,626
    Location:
    At work
    No way in hell (but that's mostly because I want my 20s and early 30s back, which cant happen). Helping people is great, but I would choose something far less stressful. I'd consider a sedentary practice doing basic stuff - maybe.

    Kids requirements aside, I'd live somewhere peaceful, perhaps with water views, good mountain biking nearby. I'd be happy using my training in some way, but not with the degree of responsibility and stress I take on now.


    I'd study, read, and perhaps teach in some fashion. I'd take turns of prolonged visits in different parts of the world - starting with Italy (again), and a Castle tour of Scotland and Ireland (again).
     
    ellejay, Westminster, inertia and 4 others like this.
  14. alexm

    alexm Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    492
    Location:
    Sydney
    I enjoy the corporate life along with my investing/developing so Yes, I would still do it.
     
  15. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,970
    Location:
    there's more to life than working
    That sounds great. I can picture a quiet little village in the Lake District or Cotswold in England.

    So what's stopping you from pursuing what you REALLY want to do?
     
  16. joel

    joel Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    876
    Location:
    Adelaide
    I'd travel the world and live in luxury. The Dan Bilzerian lifestyle
     
    Brian84, Bran, Jamie_ and 1 other person like this.
  17. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,527
    Location:
    Melbourne
    I am a lecturer in my spare time. However, until I can start up my own institute, I don't get to say what we teach, and how we assess. And whilst I don't like marking (even if I outsourced it), I must say I haven't found a better way to assure some level of comparison with other institutes. In that respect, being a seminar presenter is better - but then we all know on this forum what high regard they are held in! :D

    @Leo2413
    I lecture (almost) anything :eek: I started with Manufacturing Management (TQM, Kaizen etc), then dropped the manufacturing and went Management, Leadership (post-grad), Innovation Management (under and post-grad), Small Business Management, Org Design and Org Change before moving onto International Business, International Finance, Entrepreneurial and Venture Finance. Had a shot at lecturing Microeconomics too. This year, I tutored Commercial Aviation Management (ok, that stretched me a bit....)

    I used to say I love teaching so much I'd do it for free - I think the Uni I work for heard me and cut my pay by 50%.....:oops:

    I agree with the gist of "do what you love and the money will follow" - HOWEVER - there are some projects which I find needs the funds and resources to get you to the ideal. As mentioned above - I am involved in a start up trying to set up a learning institution (no it won't be called The Y-man Institute) with a couple of friends. While we will be looking for the bulk of capital from investors, there's just unavoidable up front costs as we try to land our first deals and set up.

    The Y-man
     
    samiam, Propagate, Player and 2 others like this.
  18. mrdobalina

    mrdobalina Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,970
    Location:
    there's more to life than working
    You sound like all my MBA professors rolled into one!

    All the universities are petrified of the free online courses popping up. You can do free uni level courses delivered by MIT and Harvard professors. They are disrupting the whole education model.
     
  19. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    @The Y-man how are you able to lecture on so many topics...amazing stuff.
     
  20. hobo

    hobo Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    682
    Location:
    FNQ
    Put simply: learning, and travelling (which is sort of part of learning, too).
     
    Joynz and Hanison like this.

PFI can assist you with your investment strategies for your SMSF, Life Cover for your members and assistance with compliance. We provide the research to ensure your investment selections achieve the goals. This is the value of advice