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"
Thank you Tucker! Great quote. If that were posted on Twitter the negative people will point out how bad of a person he was since he was a tough guy to work with.
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%...
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?
Save for Q&A end of month. Starting in a month or so once DeFi is running we're going to allow paid subs to ask questions on any article if it pertains to the post. We've realized the paid subs are repsectful of time so we can help clean it up a bit.
IMHO that 800 hours will have you earning $35k in your sleep forever without factoring the Future Value of growth, without having those silver handcuffs
"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.
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.
This is very person dependent we have some news on real estate soon and you're free to drop your specific situation question there in that post. Generally speaking don't buy until certain you will be somewhere for 10 years
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.
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"
Hahaha if that is true that is hilarious
The quote comes from the book Steve Jobs: The Brilliant Mind Behind Apple by Anthony Imbimbo
https://www.hollywoodreporter.com/news/general-news/india-remembers-steve-jobs-244881/
Thank you Tucker! Great quote. If that were posted on Twitter the negative people will point out how bad of a person he was since he was a tough guy to work with.
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
Good choice. If you are in good health it will pay off
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
Good work!
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.
Go back to older posts never quit until a biz is generating 2x your income at your job/career.
Sounds like a stable situation to start building second stream of income from.
Yeah it really is, no excuses. Just need to mindset shift and get moving.
Go get it my knicka.
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?
Save for Q&A end of month. Starting in a month or so once DeFi is running we're going to allow paid subs to ask questions on any article if it pertains to the post. We've realized the paid subs are repsectful of time so we can help clean it up a bit.
Thank you. Looking forward to the DeFi substack as well. So stoked!
Same
IMHO that 800 hours will have you earning $35k in your sleep forever without factoring the Future Value of growth, without having those silver handcuffs
Good point, Clutch!
"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.
This is very person dependent we have some news on real estate soon and you're free to drop your specific situation question there in that post. Generally speaking don't buy until certain you will be somewhere for 10 years
Looking forward to this too
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.
It seems Larry's work has caused so much stress that his whole physiognomy is now wildly different than what it used to be. Incredible!
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
Yep. Look up the image on google search and you'll find the authority figure who couldn't even get the faces right
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.