The (future) rentier is essentially schizophrenic. He uses the weapons of capitalism, while living like an alter-globalist. To receive dividends, he buys shares in very large multinationals, waiting for them to generate juicy profits at all costs. Very often employed, or ex-employed, of these companies, he has experienced the dark side of these unscrupulous employers, especially when it comes to excessively exploiting the workforce. However, the (future) rentier waits for their employees to sweat more and more to pay him dividends. Caressing his capital with one hand, he avoids consumer society like the plague. He disdains advertising, fashion effects, electronic gadgets and other trivialities created by the Western way of life. Hating his job, he patiently waits for his evenings, weekends and holidays to fully enjoy life. But these moments that are too short make him want to work even more to save up and leave the world of work for good. Yes, the (future) rentier is definitely schizo. Yes, I am schizo. And you?
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Not bad, I saw myself at one point in your description… At the beginning…
Now I try to consume more… Everything that is about the pleasure of the senses is not consumption, it is pleasure. Travel, outings, friends, that's all that's real. Enjoy life at all times.
Then the job, I started to get a taste when I forgot the goal, and I focused on the path. So, I only deal with the clients I like, with my conditions, and I let go of the annoying clients. I focus on quality and the people who stay love me for that.
So, it's a win-win situation every time... And what's more, I'm planning for the independence of the future.
I like reading you my dear Jerome, but know that we live in a world where idiocy dominates... And in a world of cicadas, the ant risks working for nothing.
But you hit the nail on the head. There are so few of us...
I often go to Lausanne, do you fancy a drink in a “STARBUCKS”??? 🙂
"Then I started to enjoy work when I forgot the goal and focused on the journey."
This is a good principle, which I have started to apply since this year, but not yet enough for my taste. Your little reminder is good.
Starbucks, I had forgotten about these… but I don’t live in Lausanne 😉
Choose a job you love, and you will never have to work a day in your life. "Confucius"
I'm lucky to have found it! 😉
I had the same thought.
When are you setting up a “responsible” portfolio? 🙂
What do you mean by responsible 😉?
Companies that don't mistreat animals, that don't make products that break down every few days, for example.
Does it exist? If we want to be socially responsible, I think it is better not to invest.
Yes but,
That's all well and good, but did we have, or do we really have, the choice of our work to keep the pot boiling, personally despite the fact that I am of a frugal nature
How good it is to read an article like this.
I love Confucius' phrase, I also found this work where we go singing, yes it exists.
Thank you Jerome for your articles, always interesting.
Thanks Fred 😉
Good morning
I do not agree with the image you give of multinational companies and their employees.
"He experienced the dark side of these unscrupulous employers, especially when it comes to the excessive exploitation of labour."
I have known the IT world (IBM, HP etc.), I have acquaintances at HSBC. Large groups provide their employees with much better social protection than small businesses, at least in France: supplementary health insurance, death insurance, guaranteed salary in the event of prolonged sick leave, profit-sharing agreement. And when these companies made crazy margins (IBM) each employee had their share in their travel and meal allowances (technicians in the provinces drove big sedans).
On the other hand, you should not believe that a supermarket cashier in the French provinces is someone who feels badly treated by her employer; she has better protection than if she works in a small grocery store.
I was lucky enough to have a job that I was passionate about, before the situation deteriorated which allowed me to retire without regret. Sometimes if the work is uninteresting the atmosphere that we manage to create compensates for it.
So, rentier not too young to appreciate all the pleasures
Happy Sunday
Herve
We agree. I am not questioning the social protection offered by these multinationals, which is excellent and I have also benefited from it. What I am talking about is the fact that they squeeze you like lemons, until they get the last drop, then throw you away, unless you have left before.
Nice article, I wouldn't have used the term schizophrenic, but rather that of "sweet obsession" to achieve one's financial independence project.
I have wanted to become financially independent for three years now, like you, I talk about it in a blog.
I give myself 10 years (Honestly, it's going to be complicated, but I think I can easily generate a good €1,500/month of passive income by then). You need a minimum of obsession, the term is not pretty, but to achieve this goal, you need perseverance, discipline and being "obsessed" with your project, otherwise you end up, I think, giving up.
Heh heh, so we are two obsessives. I am actually preparing an article soon on the necessary character traits, like the perseverance you mention, that are necessary to become a rentier.
I also give myself 10 years, but I started more than 10 years ago already. Unfortunately I lost a lot of time because I entered the market at the wrong time and especially because I was not careful and disciplined in my method and my purchases.
Hello Jerome,
interesting article!
I plan to become a rentier and I'm doing everything I can to get there. To do this, I have to get to the essentials by skipping all the superfluous!
Moreover, some things, in addition to wasting time, waste much more, such as advertising which distorts our way of thinking! It conditions us to act in a certain way, making us believe that we have needs that were previously unknown!
Lionel