dennis mccain
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Defining Success

7/27/2015

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 This may be an oversimplification of how to attain a successful life but I’m convinced that most people over think these kinds of things and tend to make life a lot more difficult than it really has to be. 

 Life is easy -- It's people that make life difficult.

Step 1. Get the best education as you can afford and get the most education you can stand. And get that education early before your life really gets going because life always seems to get in the way of the pursuit of education. I’m not sure why that’s the case but it is.

Step 2. Get the best job you can possibly find. Most people will roll their eyes and say there just isn’t enough good jobs available but a good job is any job that will provide you with an honest living and keeps you employed over a number of years. It’s the one thing that’s going to occupy the biggest part of your life (along with sleep) so you better put as much effort into it as you possibly can. It’s the one part of your life that will support the rest of your life.

Step 3. Most importantly, save and invest your money. I know. That sounds like two things but they’re really one in the same. I guess you could shorten it to just invest but the key here is to make your money work for you. I’ve chosen the stock market for myself but you could do virtually the same thing with real estate, rental properties, etc.

 If you do all three of these things people will arrive at your funeral and talk about what a very successful and lucky person you were in life. They will talk about how it was all so easy for you and that you were the exception to the rules. Don’t worry about all that petty jealousy. Undoubtedly those individuals all made the wrong choices in life and wasted away their time on things that never amount to anything. They'll only be at your funeral to find out how much inheritance is going to be given to them. Fool them all by leaving them each one dollar so they can't contest the will, and then find that one special relative who is as smart as you are and who will take care of, and grow, your wealth. 

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    I am an Individual Investor with specific interest in long term growth and then enhancing my returns with income from dividends and derivatives. I don't recommend stocks to anyone (it's a good way to lose friends) and no one reading this should misinterpret my blog as a recommendation for any type of investment. I am writing this solely for myself and my kids.


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