I have been attending a seminar recently which talked about life longevity and how to overcome the sickness of death.
In this seminar, the professor claimed that death is a form of sickness instead of something inevitable, which meant that death can be cured.
During the talk, there are various discussions on how it can be done theoretically, and although at our current stage we are still at the infancy on these forms of technology, the next generations that are able to live a thousand years old have already been born.
All these long life talks have gotten me to think, in relation towards investing in general. There are 3 perspectives to this, but I shall setup the base as follow:
- You will live up till 300 years.
- You are working now, and your age is 30.
- You have savings of $100,000.
- You are making an income of $30,000 per annum.
Based on the above, one can always do something like:
- Work forever, until they die.
- Work, save money, and compound their wealth, splitting their time between making money through earning, and investing.
- Quit their job, and diligently invest their savings, re-invest, and perform an exponential growth in wealth. However, their initial 100 years of their life might be very painful and low profile.
If it was up to you, which will you pick? First, second or third option?
Another question to the floor: Which will gain the most after a cut off date of 250 years?
I have self-reflected on this, and being a father, has made this into a very relevant and important thought, as commitments start to arise, there will be growing demands to cater for living expenses such as food, education, and many other necessities for the family.
It is through this that you can find out the realities of life, and the importance of good health. Being healthy and fit allows one to compound their wealth in a much longer period, as it is during the final few years that people such as Warren Buffett are able to re-invest huge sums of their wealth and take advantage of the power of compounding, the 8th wonder of the world.
