Good morning everyone, so I had this idea for a five year plan that should help free young men from work so that the will be able to focus on activism. Now I haven't fully implemented this in my life yet, but I am moving in the right direction. TL:DR, Invest in stocks that yield enough dividends to cover base expenses.
Currently I am invested in a few stocks and they are covering a small portion, please feel free to add to this idea and help me grow it to something useful.
THE FIVE YEAR PLAN
The goal of the Five Year Plan is to free up the time of young men in order to participate in activism and organizational activities. To free them from the employment system so that if they are to lose their jobs, they will not be without a source of income.
What is needed for one to survive in the modern world?
The traditional way to go about obtaining these things is to have a job. One that will provide for these basic needs. But the issue is, jobs have liabilities, if one were to participate in activism and have his identity revealed, then that could mean the loss of his job and thus the loss of the ability to pay his bills.
Money is the crux of all of this. If a man has enough money to cover his expenses outside of employment, then he will not be threatened by potential unemployment.
My goal is to emancipate these young men from their jobs so they be free from that fear. The way we will do this is by using the funds of the participants for investing in stocks that yield dividends. If we can estimate how much the base expenses are and get their investments up to a point where they can effectively cover those expenses, we will succeed in freeing up their time.
I will now put in bullet points the various phases we must go through to achieve this desired effect.
PHASE YEAR 1:
The first year must be dedicated to taking account of the expenses, debts and financial situation of the participant.
Examination: Taking account of the above. Do they have dependents? Do they have student debt? Do they have medical bills?
Paying off various debts: All debts must be payed off before moving on with the process.
Cutting the slack: Minimalism is a must, the participant must find all that is unnecessary in his life and cut them out like a cancer. That means getting rid of paraphernalia that serves no purpose and reducing the amount of stuff they have. Ideally, all your personal possessions should fit into the back of a truck.
Getting a job: In order to make money, you must have money. Find work that pays well or will provide enough money for you to cover your expenses and pay off debt. The participant will remain employed for the duration of the Five Year Plan.
PHASE YEAR 2:
The second year will be paying off remaining debts and examining the financial situation of the participant once again. At this stage the participant should have done the following:
Resolved or drastically reduced any debts.
Remain employed with no unnecessary amount of time off.
Cut the slack and reduced his possessions to a small amount of items.
Garnered a small savings (only if debts are paid).
Depending on how phase one goes, will be the deciding factor for whether or not phase three can be implemented. Phase two should be an extended version of phase one and letting the changes settle in.
PHASE YEAR 3:
Nothing added yet.
The end of the Five Year Plan should be a man who's basic expenses are completely covered by passive income and he has a savings that will act as a safety net in case of emergency.