On your way to FIRE, Financial Independence Retire Early, you will run into people who say that it can’t be done; they are examples of the Crab Pot theory. We discuss how to recognize that person and how to avoid it. The post 041 – Crab Pot Mentality appeared first on Investing From The Beach.

041 – Crab Pot Mentality

Is time freedom (FIRE) your goal? The two hosts retired early (one at 30; one at 40) each walked from a 6-figure job. They discuss THE critical ingredient to achieve financial  freedom, "how to think".  Chris Hanson & Chris Lam each reached freedom by investing & trading in the stock market.  This is NOT Dave Ramsey mutual funds; it's not Kiyosaki real estate; people say it's akin to living the Tim Ferriss lifestyle.  They're not Ivy League grads; they're self-taught, studying nights & weekends while working in sales for the largest tech firm.  Today, they can trade/invest from anywhere they happen to be, even from the beach.  
They'll share what they discovered about "how to think" as well as "how to do".  Most people focus on the mechanics, the tasks, the "how to do".  The reality is that "how to do" is maybe 5% of what's required; the other 95% is "how to think".  Most people gloss over the 95%, then get frustrated when they can't figure out why they're not achieving freedom.

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Is time freedom (FIRE) your goal? The two hosts retired early (one at 30; one at 40) each walked from a 6-figure job. They discuss THE critical ingredient to achieve financial freedom, "how to think". Chris Hanson & Chris Lam each reached freedom by investing & trading in the stock market. This is NOT Dave Ramsey mutual funds; it's not Kiyosaki real estate; people say it's akin to living the Tim Ferriss lifestyle. They're not Ivy League grads; they're self-taught, studying nights & weekends while working in sales for the largest tech firm. Today, they can trade/invest from anywhere they happen to be, even from the beach. They'll share what they discovered about "how to think" as well as "how to do". Most people focus on the mechanics, the tasks, the "how to do". The reality is that "how to do" is maybe 5% of what's required; the other 95% is "how to think". Most people gloss over the 95%, then get frustrated when they can't figure out why they're not achieving freedom.

Is time freedom (FIRE) your goal? The two hosts retired early (one at 30; one at 40) each walked from a 6-figure job. They discuss THE critical ingredient to achieve financial  freedom, "how to think".  Chris Hanson &amp; Chris Lam each reached freedom by investing &amp; trading in the stock market.  This is NOT Dave Ramsey mutual funds; it's not Kiyosaki real estate; people say it's akin to living the Tim Ferriss lifestyle.  They're not Ivy League grads; they're self-taught, studying nights &amp; weekends while working in sales for the largest tech firm.  Today, they can trade/invest from anywhere they happen to be, even from the beach.  
They'll share what they discovered about "how to think" as well as "how to do".  Most people focus on the mechanics, the tasks, the "how to do".  The reality is that "how to do" is maybe 5% of what's required; the other 95% is "how to think".  Most people gloss over the 95%, then get frustrated when they can't figure out why they're not achieving freedom.

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041 – Crab Pot Mentality

041 – Crab Pot Mentality