I've often taken a swipe at employers. It's true that my employers have never really been angels when it comes to employees, with an annoying tendency to exploit them to the max. Overtime, constant stress, a noxious atmosphere, questionable pay, and so on. This is particularly true of very large companies and multinationals.
There are black sheep, but there are also "old-fashioned" bosses, protective and paternalistic, who could often give management lessons to the young wolves of the new economy. Unfortunately, the Internet generation is all too quick to forget what was done in the past, both the bad and the good. Sooner or later, we're going to have to get back to it, one way or another.
While I have regularly decried certain practices of employers on this blog, for some time now I have also been aware that the independent spirit of (future) rentiers is not so far removed from that of their "executioners".. They share the same values of responsibility, autonomy and the quest for a certain kind of success. Their personalities are even similar in many respects. That's why they sometimes hate each other. It's a bit like a relationship between two very close people - a couple, brothers or sisters - you love and hate each other at the same time. You see your own reflection in the other's eyes.
So, although at times I have a great aversion to employers, on the other hand I have respect for the entrepreneurial spirit of some company directors.
On the other hand, there's one category of people that's really starting to get on my nerves: profiteers. In particular, these are the people who abuse social insurance. They want to live like annuitants, without taking the consequences, i.e. working for many years to be able to save and invest their money. They cross the finish line without even having run the race. They're often the same people who live beyond their means and ask society to assume their irresponsibility. Very often, too, we hear them whining and complaining about employers and the state, when they themselves are doing nothing for society. Worst of all, they still find support from a certain section of our society, such as trade unions, social workers, unscrupulous doctors or simply idealistic leftists.
Don't get me wrong, I'm not talking about people who are genuinely ill or who have been made redundant. I'm talking about people who don't want to work, while receiving an income paid for by those who do. What's worse is that they still manage to complain and ultimately criticize the very people who subsidize their idleness.
In short, if sometimes I'm fed up working for my boss, I can stand working for these profiteers even less. And don't tell me they only represent a tiny part of the system. The more things go on, the more examples of this type I see around me. With immigration and the free movement of people, there are unfortunately more and more of them. The February 9 initiative hasn't changed anything so far...
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What Swiss fascism! Just like the Swiss: they take everything that's good about foreigners, especially their labor force, trained at great cost by other countries ==> France, for example. And they spit on these same individuals who enrich their country.
Stop complaining in your blogs and save more. In 10 years, and with no start-up assets and no family help, I now manage my assets and am no longer dependent on anyone. My decisions commit me to 100% and I still get up every morning. Not at 6am, but still working. The life under the coconut trees that you seem to desire is a vain ideal. Is it your desire for endless idleness? If so, it's very sad. We need daily challenges to surpass ourselves.
Either you really want to become a "rentier", or you're fooling yourself.
Do you save enough? Are you getting enough return on your investments?
Are you using your time wisely, with a systematic focus on annuitization?
No one will take you by the hand to reach your goal, and you won't get ahead by looking at what's wrong in society.
Hopefully this kick in the ass will wake you up.
Hello Franck
a kick in the ass is always good, but you still have to understand why ...
I find it hard to understand your comment. Or rather, what hurt you?
Nowhere did I make a remark about France. This blog may have a "Swiss" domain name, but it's hosted in France and most of its members and readers are French. At the end of the article, I talk about free movement in a broad sense. Not one country in particular.
And yes, I'm taking a swipe at the system's profiteers. But that doesn't stop me from moving forward in my quest for financial independence. I'm saving quite a bit, and my return is good.
Coconut palms are only a small part of my future goals. Above all, I want to have more time to do what I love, with the people I enjoy. It's nothing extraordinary, but it's what I want. Daily "challenges" have been imposed on me for many, many years. So, for the foreseeable future, "surpassing myself" is going to mean fulfilling myself.
Anyway, congratulations on your personal success. Maybe you could tell us a little more about it, it could be a source of inspiration for many people.
Good morning,
Without wanting to add fuel to the fire, what a cliché on Franck's part, an opinion biased by the media and counter discussions about what Switzerland does with foreign workers, all the while wanting to see only one aspect of the context.
And yes, I'm allowed to judge in return, and I think I can, I'm French by nationality, but a Swiss resident for almost 15 years.
How many times have we seen "foreign" workers come to live (officially or unofficially) and work on Swiss territory, working just enough to qualify for unemployment benefits, and then taking it easy for months on end, while returning to live in France at lower cost.
And how many European cross-border commuters work in Switzerland on a daily basis, and then spend their entire earnings in their country of origin (France, Germany, Italy, mainly) without this bothering anyone. And that's quite normal, since agreements have been signed with Europe, and there's nothing wrong with that (it may be open to criticism, but an agreement is an agreement).
I believe that the number of daily cross-border commuters coming to work in Switzerland now exceeds 300,000, so we can easily estimate that Switzerland supports 200,000 families living outside its borders. Isn't this a sufficient return on investment in terms of the "labor forces costly trained by other countries" that you're talking about, Franck?
So yes, it's easy to criticize, to see only the angry part, but Jérôme at least expresses himself, gives advice, directions to follow (or not). You either take it or leave it, no one's obliged to do anything. It's true that I find myself in his discourse and approach, partly a question of generation I suppose, so it's easy for me to choose sides. But I'd always go for the person who makes a certain effort, rather than the one whose opinion is limited to criticism.
Dear Franck, show us your approach, give advice so that others can benefit free of charge from what you've been able to do in 10 years as you say, share your knowledge, and then we'll talk again.
Kind regards.
In fact, for over a year, all your posts have been negative. I feel like I'm reading a depressive... My comment was more directed at your "body of work" as a whole rather than this particular post.
You complain about your employer... Well, reduce your dependence on your salary (reduce your lifestyle) and say "bye bye". Or maybe you're just not that motivated to change after all?
> "I save quite a bit, my return is good.
I get the impression that you're not changing your lifestyle very much. If you're only playing the investment game, with the rather modest returns you're getting, it's going to take you... until retirement to become independent! Is this really what you want?
Without comparison, it's hard to know where we stand.
While you're well ahead of your peers, who live from day to day, your project is so ambitious that it requires far greater effort than you're presenting to us.
For example: do you make a monthly budget and have you already cut back or reduced everything that forces you to get up every morning for a job and a boss you hate? Maybe you've finally had enough.
By way of illustration, I'm a "poor" renter and I don't own a car... but I go away 5 times a year in the middle of the week, and outside school term time. I cook almost all my own meals. Etc, etc.
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Jérôme, I apologize for the somewhat aggressive tone of my first message, but at the time it was written it illustrated my state of mind.
Not all my posts are pessimistic, I'm not depressed and I seem to have a good track record in my investments... I promise I won't have to wait until 65 to retire. It'll be at least 15 years sooner.
In that case, fine, don't question Jérôme. Keep up the good work, you seem to enjoy your daily routine. Put on your blinkers and continue working for someone else's company for another 10 years 😀
While others are already running their own businesses, but certainly have only bad ideas.
Franck, I never said that other people had bad ideas and that I had to work at least 10 more years for someone else's company.
https://www.youtube.com/watch?v=rnu9e1ft5qw