One For The Road
It’s now or never.
A couple of weeks ago, lingering in the bout of unemployment by definition here meant I did not have a job (corporate). It was only natural that headhunters came to my aid and offered new prescriptions of career success. They showered with potential opportunities layering with kind words and hedged me forward that a young man like me should be out there gaining as much experience and learn because you’re at your peak.
Oh, how kind.
I made a bold move but in good spirits. I told all my headhunters to call me exactly one year from now, 31st August 2010 and enquire with me once again whether I need a job (corporate). If I do, I probably didn’t make it in what I wanted to do or perhaps I had a good run while it lasted, and was ready to eat the humble pie (or any pie for that matter) and go back into employment.
We promised to have coffee together. God willing, I’ll buy.
I’m jobless, but was I lost? No.
In my own time I crafted out my destiny and to see such a picture (some call it fantasy), I needed the time to think, rest and plan each step. I don’t have a sealed deal but I have a structure and that’s always good enough for a starting point. Oh, what helped most were conversations. Good conversations.
Instead of tightening my belt, I decided to have building belts.
Building Belt #1: The Income Belt
My first task is to ensure my new path generates me an income. This belt serves to upkeep my lifestyle and pay for the necessary expenses. By a broad framework, I would call this a revenue generator.
Building Belt #2: The Cash Flow Belt
This belts serves to give me a positive cash flow, which allows me to take punts along the way, and it separates me from my income but needs to be developed steadily.
Building Belt #3: The Investment Belt
I move into the passive income structure here. Taking forms in cash, stocks, properties that ideally, we all hope, that all investments will generate us passive income freeing us from the labor.
Each belt has its unique characteristics and I don’t have complete answers to all of them but I know people who are specialized in those areas and I spend my time in conversations and take my spin on it. I still come back to this equation
Time X Money = Freedom (I wrote about it here)
One of my attempted “Greenfield” models needs to achieve this:
- Creation
- Generation
- Automation
Create. Generate. Automate. The product needs to be created to generate $ and when that is achieved, it needs to be automated to generate more $ so that I can have:
Time (Yes) x Money (Yes) = Freedom (the time & money to do what I want. Which is really not much)
Bonus conditions: Leverage. Scalable.
At the back of my mind, I need to have the bonus condition installed into my new framework. And if I can the above right, the bonus will follow. Ke-ch!nkkk$
They don’t teach you this in university nor did I learn this at work. This chapter is being written daily and if I succeed, you’re part of my history. If not, I would never regret it anyway because I would have a good story to tell my children. Yes, children plays formative role to the above model.
I have stated the whats but not the hows. Obvious, because I’m still figuring out and testing out my manipulation but I’m excited this has begun.
Relationships, not transactions, are the key to sound business as quoted from Kim Kiyosaki and to be honest, it was through my relationships and deeper conversations that led me to this.
The time has come. It’s now or never.
Speaking of conversations, just over 3am the other night, with 14 bottles of beer between a father and son, the senior just mentioned this – always remember where you’re going, how you’re going and why you’re going. He was talking about the future.
And you know what, I think I do.
As always, our drink up finishing line – One for the road.
Tagged with: career • financial performance • incom • investments • life • life lessons • lifestyle design • mental performance • money • Work
Filed under: Work
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i like this post!
Thank you A
It’s encouraging to know.
It’s now or never.
LOL, I was just thinking about that.
Let’s work hard together!!! And make sure you know when Mrs. Ee appears, don’t work too hard that you missed her ah, Brother Ee! X)
yes, teng. now or never :p
ooh. mrs Ee. yeah, for sure lah that one. Until then…power on!
what you’re writing sounds so technical i almost thought for a moment i was reading my textbook. haha. it’s a compliment
all the best on your journey with God and family
haha, thx vivienne. yea, it does, doesn’t it? Well, trying to write out my textbook of life/career path. I’m still figuring out, hence the technicality.
Thank you, and all the best as you brace Feb 2010, catch up in KL. God Bless
always remember where you’re going, how you’re going and why you’re going.
Where are you going?
I agree with what you wrote! By the way, have you got the job yet?
Hey! Thx
I have updated you with the job situation already. Exciting times ahead ;0