I’m constantly coming up with ideas. Much moreso than I suspect is normal. (At any given time I have about half a dozen ideas for new businesses floating around in my head.)
A lot of the times after a few minutes in my mind I’ll reject an idea for one reason or another. Other times I realize that it’s a really good idea and act on it. But today’s idea I’m not so sure about.
I think it’s very important that have a good retirement account. The money you earn is basically time times interest rate, and, while I can shop around for a good interest rate, you just can’t beat 40 years time when it comes to interest earned. ($2,500 today, with no money ever added, earning 10% annual interest, left alone for 40 years, would be a $113,000 retirement fund.)
I also noticed that I had a pretty ‘good’ schedule that I constructed back when I was on my ‘late’ sleep cycle: go to bed late and wake up late. I’m currently not on that sleep cycle, which means I’ll have lots of free time during the days. Mostly joking, I proposed that I should get a job to fill the time during the days.
And then these two random thoughts collided. The obvious result: why not get a ‘light’ part-time job during the days and earmark 100% of the earnings for contribution to an IRA?
Realistically, I doubt I’ll carry through. But I wanted to share the idea, because I really like it.