Showing posts with label Draco Capital Management. Show all posts
Showing posts with label Draco Capital Management. Show all posts

Wednesday, April 20, 2011

Time is Money

I think everyone has heard this phrase before. But, what do people mean when they say time is money?

I  look at time this way: we were given a certain amount of credit on this, but we cannot recharge it. You know; like one of those prepaid cards. Wal-Mart allotted me about 40+ hours to make $1600/month to live on. In Korea, when it is all said and done, I make a decent living, but every second is more precious than the last. I have to use those seconds responsibly; especially if I only have 30+ hours of free time per week. This is why I read a lot instead of partying or squandering money endlessly.

I do eat out; because I consider a cheap meal at a fast food place more worth my time, than slaving over a kitchen stove for 2-3 hours. What I am saying is, lately I notice I have been getting sucked into pointless debates. Is it fun to join them? Yes. Do they accomplish anything? Probably not. Am I losing  money? Absolutely! Because time is money! I could spend that time off the Internet doing something contructive like solving world hunger or finding a cure for AIDs. :-O

 Or better yet, meeting real people and having real social interactions. Think about that.... Peace~

Friday, March 25, 2011

Investing Does Take Work

Here I am, up at 3:18am getting my blog on like I'm in a marathon. It is 3:18 in Korea and it is my Friday. Not really sure why I am doing laundry at this time, but maybe its just because I can.

There are Americans both here and in America that ask me why I have so much money. I am not rich, I am not wealthy, but I am well off in a sense that I am not living 2 paychecks away from the street. I closed that chapter of my life and I am not returning there. Anywho, I wanted to make this response.

On my LinkedIn Account, I am a member of the UNR Alumni group and there was this post that talks about hard work when investing. My response to that is this: read the post; the man's right! Think about it: how are you going to invest if you have nothing to invest with? You need something people! Money, education (always an asset), time, whatever. I mean seriously!  I met a Hagwon working married couple that just got done living in their car. They went to a foreign country to work because it was a step up. I think it is only a momentary escape considering the honesty of hogwans, but that is for another blog. Anyways the craziness in the economy right now should have people on their toes.

Take me for example: I did not leave Wal-Mart and pursue my dream until I had enough money to do so. I liked Sam's Club, but did not want to retire with a 9-5. I wanted to learn another language along with the adventure and excitement. Like I said, this blog is completed as far as I am concerned, but I will add things here and there  because a blog is always a work in progress. It was originally written by Draco Capital Management. Read it here. I would say ultimately, you need to work and order to invest and you need to invest in order to have a reason for working! They kind of go hand in hand like PB and J.