tag:blogger.com,1999:blog-17478547.post409310037585246704..comments2024-03-27T20:17:30.597+08:00Comments on Growing your tree of prosperity: Personal Update - Just Crossed the Rubicon !Christopher Ng Wai Chunghttp://www.blogger.com/profile/15534057160494859977noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-17478547.post-42332733060292978842018-09-30T14:22:21.411+08:002018-09-30T14:22:21.411+08:00INTJ,
That's not a bad idea but if I stick wi...INTJ,<br /><br />That's not a bad idea but if I stick with numbers, I would have signed up for the six month contract because the numbers are a lot more reliable.<br /><br />The workshop plan is full of mathematical uncertainties and whatever projection me or Dr Wealth come up with would have to be discounted heavily. The advantage of going all in for workshops is that it does not require a massive investment of time and I can credibly scale it through innovative means. With this option, I can be contributing articles to the mainstream press or making viral videos in 2019. It makes for a more interesting existence but at a much higher rate of "failure".<br /><br />My family has already lived on my passive income for the past 4 years with no loss of my capital. <br /><br />This is a calculated risk I can take.<br /><br />RegardsChristopher Ng Wai Chunghttps://www.blogger.com/profile/15534057160494859977noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-52354039103680356632018-09-30T01:25:45.891+08:002018-09-30T01:25:45.891+08:00Hi Chris,
Given that you are a quantitative drive...Hi Chris,<br /><br />Given that you are a quantitative driven person, <br />Compare the Net present value / IRR of the stable job compared to your workshop, and decide which action is worth pursuing<br /><br />A cash flow projection for the next 3-5 years, regarding your family near term financial needs might be a good way to analyze it objectively. Each family's circumstances is different and you have to determine what is best for you.INTJhttps://www.blogger.com/profile/01423976981165427180noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-39563454151768369052018-09-29T13:57:29.438+08:002018-09-29T13:57:29.438+08:00You know what's the best way to become insolve...You know what's the best way to become insolvent ?<br /><br />Follow your heart.Christopher Ng Wai Chunghttps://www.blogger.com/profile/15534057160494859977noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-83199132663011424092018-09-29T11:53:51.493+08:002018-09-29T11:53:51.493+08:00Hi Chris,
I feel that is is better to follow your...Hi Chris,<br /><br />I feel that is is better to follow your heart. There is no right or wrong decision. I believe that you would be happier going such approach regardless of the outcome of the decision.<br /><br />BenWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-48823289828425845052018-09-29T09:16:46.388+08:002018-09-29T09:16:46.388+08:00Snoo,
If outcomes do not matter, what does ?
Whe...Snoo,<br /><br />If outcomes do not matter, what does ?<br /><br />When you cross the Rubicon, the time for analysis is over.<br /><br />Perhaps if I fail dramatically, some re-examination might be in order but right now, it's time for my forces to charge the enemy.<br /><br />RegardsChristopher Ng Wai Chunghttps://www.blogger.com/profile/15534057160494859977noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-61578156496792526232018-09-29T09:14:47.364+08:002018-09-29T09:14:47.364+08:00Wish you all the best Chris. Thanks for your insig...Wish you all the best Chris. Thanks for your insightful posts over the years.<br /><br />Just one thing about the last line in your post. Based on decision theory, the outcome should not determine whether a decision is good or bad so perhaps more analysis could be in order.Snoohttps://www.blogger.com/profile/18011724097652985394noreply@blogger.com