Level 2 - Value Investor
Steve Jobs took a trip to India after dropping out of college seeking enlightenment. He came back disappointed and said:
"Thomas Edison did a lot more to improve the world than Karl Marx and Neem Karoli Baba (the guru he was seeking, who died before they could meet) put together"
Great post. Unfortunately I wasted my early 20s completely. Well no point in thinking about it. Going to give up 5 years (instead of 3) of working 70-80 hour weeks to compensate
Having lived through 70's inflation, that was brutal and wiped out the poor and elderly. Adding injury to injury, property taxes went up with the property value so many retirees had to sell their homes even if they owned them free and clear.
One of many things that bother me is that this time, there is no way to raise interest rates to kill inflation or the US national debt blows up. At 28+ trillion, if the Fed had to raise interest rates to just 5% then the interest alone would be almost 1.5 trillion. In 1980 the rates momentarily reached 20%...
I make 48k US token per year… hit home. Got two additional revenue streams in copywriting and social media management. Small steps
I’m 29 and in those copper handcuffs making like 160k as a software engineer. Cruise too hard. Gotta get out of the comfort zone before it’s too late.
I almost want to quit to get rid of the comfortable azz paycheck. But that would prob be dumb.
Great Read! Are you going to be having a Q&A session soon? Quick stats: Mid 20's, ~$200k net worth. Dilemma: Study 400+ hours for this year and 400+ hours next year to get professional designation that will increase earnings by at least $35k or use all the study time on starting an online business?
"You owe it to society to become a producer"...but but my gay, biracial, tranny, professor said making a profit is the root of all of societies problems...you sound like a racist nazi.
Also love the econ dig as someone who thought about paying up to get an econ minor and luckily decided against it quickly as soon as I realized how non-applicable it is.
I’ve been pounding on Lie #4 for ages, thank you for these. Going to make sure my 12 year old daughter reads and understands these.
Any change on the timing of your first primary residence? You mentioned multiple times the importance of mobility when young, however with current numbers, seems smart to become neutral housing inflation early on.
Not sure if you have talked about this anywhere but should I be getting the vaccine that is being pushed on us?
does the Not owing your time to anyone relate to national service? like in Singapore it is mandatory to serve 2 years in the military.
Can’t stop looking at Larry Page. Lol.
My second income stream is defi.
And Helium miners on the way.
Going to follow the BowTied Knowledge I have learned to greatness
Lol wrong pic of Larry Page from 'top 10' source. Not sure who that actually is
I might have to save this for a Q&A but I was wondering about your opinion on investing into commodity indexs (e.g. GSCI) as a further inflation hedge (I'm already about 25-30% of NW into BTC/ETH and have enough spare cash for growing my online biz) - would be cool to hear your brief thoughts on it.