Either you work for money…
… or your money works for you.
Everybody has to eat, have somewhere to live and clothes to wear (unless of course you are a full-time nudist who lives in a tropical climate), and it takes money to pay for these things. There are two ways to get the money that we all need to live on. The first way is to work for money. You have a job, and go to work five days a week, fifty weeks a year, until you are too old to work anymore, just to earn enough money to pay for food, clothing and shelter. Hopefully, when you become too old to work, you will have saved enough in your retirement plan, along with a meager social in-security check from the government, to allow you to survive until you die. The second way to get money is to have enough assets, that earn produce enough income you can live on, without having to go to work. Unless you are lucky enough to inherit money, win the lottery, or marry someone with money, you will be forced to work your entire life, just to have enough money to live on.
Working just to be able to survive is what I call being on a financial treadmill, and being a financial slave. You constantly run, run, run, your entire life, and never go anywhere, except around in circles. You work all month to pay the rent, utilities, food and car payment, and as soon as they get paid, they are due all over again. Month after month, year after year, and no matter how fast you run, and how hard you run, you are still on a treadmill. Our entire society is geared towards keeping you, and everybody else, on a financial treadmill for their entire lives. Once you are an adult and start working to support yourself, you are on that endless treadmill, forever, or at least until you are too old to work anymore. Hundreds of billions of dollars are being spent on advertising, telling you that you cannot live without buying a new car, taking a cruise with 3,000 other people, having a $600 purse, or wearing clothes with somebody’s name on them. You see and hear millions of ads over your lifetime, teaching you that you need to work harder and earn more money, so you can continually buy more things. No matter how much you earn, it never seems to be enough. It’s always run, run, run, but you never seem to be getting anywhere, because you are not going anywhere, you are stuck on a financial treadmill that never stops, until you die.
The answer to being stuck on the financial treadmill is supposed to be getting a college education, so you can get a better job, and thus become more successful. But going to college has turned into nothing more than an indoctrination into financial slavery. If you get a college degree you will supposedly earn more money, but does that make you more successful? Look around at people who have gone to college. Are they better off than people who don’t go to college (and we’re not even talking about the huge student loan debt most recent college graduates are burdened down with)? On the surface, college graduates appear to be more successful, but look very closely. What they have actually accomplished with their college degree is to only get a bigger, and more expensive, treadmill, that runs even faster than a regular treadmill. But a college graduate’s treadmill is still a treadmill, and runs forever, just like everybody else’s treadmills do. DanBaker.com will teach you how to get off your financial treadmill quickly, and forever.
What I mean by getting off the financial treadmill, is being able to live a lifestyle, like most people assume that retirement will be, which is no longer having to get up every morning and going to work, just to earn enough money to pay the bills. In retirement, you will be able to live off of your investments and do the things that you have dreamed about doing your entire life. In retirement, it is assumed that you will be able to be able to live comfortably off of your investments, your money will be working for you, instead of you having to work for money. If you have enough money that is working for you, providing you with enough to live on, then you are what most people would consider to be retired.
What DanBaker.com will show you is how to make the transition from having to work for money your entire life, to having enough money working for you, so you can get off the financial treadmill forever. If you don’t inherit money, win the lottery, or marry money, you will have to work and earn it, and then invest it wisely, in order to become financially free. It takes serious sacrifice and commitment, but anybody can go from working for money to having money work for them. If you are willing to do for a few years what other people won’t do, you will be able to live for the rest of your life like most people will only be able to dream about. People on a financial treadmill, who are financial slaves, assume that it takes working for 40 years before they can retire. I am here to tell you that it is easier to retire in just a few years than it is in 40 years. I’ve done it, and when you are done reading this book, you will know how to do it too. Is it easy? No, it’s not easy, but it is very simple, and it takes real sacrifice and commitment, but no more than you’ve already made in your life. Where will you be in four years if you don’t get off the financial treadmill? Where will you be for the rest of your life if you don’t do what it takes?
I’ve retired (gotten off the financial treadmill, with my money working for me, instead of me working for money) three times, from three totally separate occupations. The first time I was 20, the second time at 38, and the third and final time at 46. Before you start thinking that someone has to be pretty stupid to retire three times, I have to say something in my own defense. I never claimed that I am the brightest goldfish in the bowl. But I am the most experienced serial retire-er (don’t know if that is a real word, but it is now) that you will ever meet. You could take everything from me and I could start over, without a college degree, and without credit, and I would be retired again in four years.
Let me tell you what my definition of retirement is. Retirement is when you have enough money, that you can live the way you want to, without having to work for money. It means that you can do whatever you want, whether is is working at something that you love, or you could choose to not work, and spend your time doing anything that you want. You have enough money to pay a house payment or rent, eat, have a car and money to put gas in the tank and fix it when it’s broke. In other words you can live comfortably without having to work for a paycheck.
So three times I have been retired. Once I had retired the first time should have been the end of the story, but in my case(s) I blew it after I retired, and I mean really blew it. My gut feeling is that someone up above thought that I still had a few lessons yet to learn in life. Like I said, I might not be the brightest goldfish fish in the bowl, and it might take a while for me to learn my lessons, but when I do learn a lesson it stays learned.
And one other thing, I do have excuses for going broke after retiring those first two times. Everybody is allowed once in their life to use the inexperience of youth as an excuse for something, and I hereby invoke that excuse for why I went broke at 25. I followed my gut instincts, and became financially free, when I was only 20, but then I started listening to so-called professionals, and going against my gut feelings I invested all of my money, following their advice, and lost it all when the economy went into a recession. Society is geared towards everybody being on a financial treadmill forever, and even if you are able to get off the treadmill, like I did that first time, society tries to pull you back on board the treadmill, back into financial slavery. I was too young, and too inexperienced, to truly understand how to protect myself from being sucked back into financial slavery, after I had gained my freedom at such an early age.
Everybody is also allowed, once in their life, to invoke a beautiful lady as a valid excuse for stupidity, in my case completely blowing my retirement a second time. I hereby invoke that excuse for my going broke for second time, at 42 (If you are a lady you can invoke the handsome dude excuse in it’s place).
There are no more excuses left and I am staying retired now. What’s important for you to know from all this, is that if you are trying to reach retirement for the first time, or even the second time, what you need is somebody who is an expert to show you how to become financially free very quickly. That expert is me. I might not be the best at doing other things, but at retiring quickly I am the expert. If you can learn how to protect yourself from being sucked back into financial slavery once you break free of that treadmill, like I did, in just a few years your life will be changed forever.
At 42, after I had blown my retirement for a second time, due to the beautiful lady excuse, I went from $28,900 in credit card debt to retired again in about four years, by investing my own way, this time following my gut instincts, and finally listening to nobody but myself. I was 46 when I retired for the third AND LAST time. Since then I have spent my years doing all the things that I always wanted to do before I die. Some people call that a bucket list.
One of the last things on my :bucket list” was to write a book. But I modified that slightly to creating a blog, www.DanBaker.com, and a YouTube Channel called “Mercenary with a Camera”. This is actually turning out to be a lot of fun, because I don’t need to make any money at it, and I definitely don’t care what people think about me.
And after many years, I can now tell the story of things I did in my life that couldn’t be safely told while certain people were still alive…