Current Events > Americans love to brag about how hard they work

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PsychoVision
05/28/21 11:02:16 PM
#101:


If you want handouts and to regulate wealth. Cuba is a good country for you. We'll see how fast you come running back.
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pure_temper
05/28/21 11:03:37 PM
#102:


PsychoVision posted...
Lol lucky. Do you realize how many self made millionaires live in this country? How many entrepreneurs the us pumps out? None of it is luck. Its work. Stop making excuses for you having zero motivation to escape the rat race

yeah dude, these CEmen have no idea what they're talking about. i wonder how they'd love living back in socialist Romania or socialist eastern Europe like my parents/grandparents did back when you'd just work tons of hours on the "collectively owned" farm with nothing to show for it lmao

USA does have a great setup for creating new businesses and thriving in this respect and it's not surprising that people get programmed to repeat nonsense that is just designed or targeted at disrupting that capability lol.

i mean we're basically mostly talking about people who don't realize that this kind of shit happens to their brains regularly:

https://www.wsj.com/articles/russian-backed-facebook-accounts-organized-events-on-all-sides-of-polarizing-issues-1509355801

then they just repeat whatever trash they read about landlords from r/Sino and etc lol

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Solid Snake07
05/28/21 11:04:47 PM
#103:


what if you are the boss?

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pure_temper
05/28/21 11:05:20 PM
#104:


1337toothbrush posted...
Is this the strategy you used to become a millionaire at 30?

i'm happy to compare my finances and strategies with yours in private after you share yours

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1337toothbrush
05/28/21 11:06:00 PM
#105:


PsychoVision posted...
Lol lucky. Do you realize how many self made millionaires live in this country? How many entrepreneurs the us pumps out? None of it is luck. Its work. Stop making excuses for you having zero motivation to escape the rat race
You speak of work and yet you couldn't even be arsed to read my post. If you had, you'd know I'm well on my way to escaping the rat race. "Self-made" is really dodgy, especially when a lot of these "self-made" millionaires had parents giving them loans in the hundreds of thousands.

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LightningAce11
05/28/21 11:06:29 PM
#106:


When did proudclad change personalities again?
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PsychoVision
05/28/21 11:06:52 PM
#107:


pure_temper posted...
yeah dude, these CEmen have no idea what they're talking about. i wonder how they'd love living back in socialist Romania or socialist eastern Europe like my parents/grandparents did back when you'd just work tons of hours on the "collectively owned" farm with nothing to show for it lmao

USA does have a great setup for creating new businesses and thriving in this respect and it's not surprising that people get programmed to repeat nonsense that is just designed or targeted at disrupting that capability lol.

i mean we're basically mostly talking about people who don't realize that this kind of shit happens to their brains regularly:

https://www.wsj.com/articles/russian-backed-facebook-accounts-organized-events-on-all-sides-of-polarizing-issues-1509355801

then they just repeat whatever trash they read about landlords from r/Sino and etc lol
Its amazing how badly some people complain about the rich lol. No doubt theres some scummy rich people out there but rich folk arent inherently evil simply because theyre rich. Its not their job or the govts to prop you up, thats your responsibility
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#108
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pure_temper
05/28/21 11:07:11 PM
#109:


1337toothbrush posted...
You speak of work and yet you couldn't even be arsed to read my post. If you had, you'd know I'm well on my way to escaping the rat race. "Self-made" is really dodgy, especially when a lot of these "self-made" millionaires had parents giving them loans in the hundreds of thousands.

https://www.cnbc.com/2019/09/26/majority-of-the-worlds-richest-people-are-self-made-says-new-report.html

The market research firm analyzed the state of the worlds ultra-wealthy population or those with a net worth of $30 million or more. The report, which is based on 2018 data, showed muted growth in the number of ultra-wealthy people that year, rising by 0.8% to 265,490 individuals, says Wealth-X.

Of those folks, 67.7% were self-made, while 23.7% had a combination of inherited and self-created wealth. Only 8.5% of global high-net-worth individuals were categorized as having completely inherited their wealth.

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AloneIBreak
05/28/21 11:08:06 PM
#110:


Solid Snake07 posted...
what if you are the boss?
The belief in work has awful consequences. I have a relative who is co-owner of a local business thats been pretty successful. He has employees and still works himself to the bone. Hes annihilating his body in the process and theres really no need for it. Just gotta work hard.

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pure_temper
05/28/21 11:08:26 PM
#111:


Godnorgosh posted...
"Follow these steps and you'll be a millionaire by 30" is definitely not the same as "Here's what you can maybe possibly do under all the right circumstances and in the most extreme edge cases"

I mean, if it were that simple, yeah, I'd definitely expect to see a lot more millionaire 30-something UPS workers or w/e

dude you don't seem to actually read carefully enough because I didn't say anything about staying at UPS until 30. i said to work at it during college (I worked full-time in college) and start a full-time job AFTER college with money already in the bank and ready to go earning more.

that is a good path that is achievable for basically anyone willing to do the work, barring catastrophic illness or accidents (which are rare enough that bolstering safety nets would obviate needing to restructure society a la your grand visions lol)

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pure_temper
05/28/21 11:10:02 PM
#112:


AloneIBreak posted...
The belief in work has awful consequences. I have a relative who is co-owner of a local business thats been pretty successful. He has employees and still works himself to the bone. Hes annihilating his body in the process and theres really no need for it. Just gotta work hard.

there have to be limits in place. humans don't exist just to work. work should be about actually improving things, not just grinding yourself away. those people are not healthy. workaholics exist for sure and it's a problem.

but generally if someone enjoys what they're doing and they're building stuff that is cool and etc, you just keep doing it and getting better at it. (shrug)

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PsychoVision
05/28/21 11:11:22 PM
#113:


1337toothbrush posted...
You speak of work and yet you couldn't even be arsed to read my post. If you had, you'd know I'm well on my way to escaping the rat race. "Self-made" is really dodgy, especially when a lot of these "self-made" millionaires had parents giving them loans in the hundreds of thousands.
thats not self made. You're confusing privileged rich kids for self made lol. Stop it. Thats an entirely different category.
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1337toothbrush
05/28/21 11:12:17 PM
#114:


pure_temper posted...
saving and investing works, people have to apply themselves over the long run and learn new skills too.

yeah catastrophic shit can happen to people, but that's why we bolster safety nets. we don't stunt the processes or businesses that are creating innovation and giving us awesome new products/services by teaching a generation of young people from the get-go that they're screwed unless regressive left ideologues can decide how to redistribute all the profit lol
This is basically you (timestamped): https://youtu.be/6SDFxKQ3Z_M?t=177

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pure_temper
05/28/21 11:14:09 PM
#115:


1337toothbrush posted...
This is basically you (timestamped): https://youtu.be/6SDFxKQ3Z_M?t=177

i'm not clicking on your video so if you have an argument to make in writing, by all means, otherwise sorry not interested lol

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#116
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pure_temper
05/28/21 11:14:53 PM
#117:


read some optimistic books, they cite high quality sources/data

https://www.amazon.com/dp/B075ZGBY6Q
https://www.amazon.com/dp/B07XB487HP

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1337toothbrush
05/28/21 11:16:59 PM
#118:


pure_temper posted...
i'm happy to compare my finances and strategies with yours in private after you share yours
A simple "no" would've sufficed lol. I'm not interested in your little dick measuring contest.

pure_temper posted...
https://www.cnbc.com/2019/09/26/majority-of-the-worlds-richest-people-are-self-made-says-new-report.html

The market research firm analyzed the state of the worlds ultra-wealthy population or those with a net worth of $30 million or more. The report, which is based on 2018 data, showed muted growth in the number of ultra-wealthy people that year, rising by 0.8% to 265,490 individuals, says Wealth-X.

Of those folks, 67.7% were self-made, while 23.7% had a combination of inherited and self-created wealth. Only 8.5% of global high-net-worth individuals were categorized as having completely inherited their wealth.
Again "self-made" is dodgy. Based on the text, it looks like you're self-made as long as you didn't inherit the money, but some clown getting his way paid through an elite school and receiving a "small loan" of a million dollars, free to fail in as many ventures as they want until they make it is "self-made".

PsychoVision posted...
thats not self made. You're confusing privileged rich kids for self made lol. Stop it. Thats an entirely different category.
It's not self-made, yet it's often counted as such. That's my point.

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What_
05/28/21 11:17:28 PM
#119:


Good God who are they ranting to at this point?
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pure_temper
05/28/21 11:17:59 PM
#120:


Godnorgosh posted...
Oh yeah, that changes everything, yep if you consider student loans don't exist and we're living on the planet Urras, you'll definitely be a millionaire by 30 with that strat, just look at all the 30-something denizens of Urras who put themselves through college while making dat UPS money and went on to become successful entrepreneurs

you're being ignorant on purpose, or you are not worth talking with anymore, dude. obviously that's the ideal path and people get to it on their own time.

but basically anyone can start that path from right now. You completely lack continuity of conversation and you just always try to debate individual posts. Why? That's so frustrating and annoying. You had made a very specific claim that the median income is not enough to get to your position in savings.

I gave an example of how that's not true. median income can absolutely be leveraged into your amount of savings early-enough in life that it's absolutely a viable strategy (covid excepted, although covid is basically over around here and the jobs are all coming back)

it just requires people to realize they should live with room mates or at home like you did, save up, study something that gets them more income later, and not waste time. immigrant and first generation families do it all the time, it's great.

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1337toothbrush
05/28/21 11:19:04 PM
#121:


pure_temper posted...
i'm not clicking on your video so if you have an argument to make in writing, by all means, otherwise sorry not interested lol

pure_temper posted...
read some optimistic books, they cite high quality sources/data

https://www.amazon.com/dp/B075ZGBY6Q
https://www.amazon.com/dp/B07XB487HP
The hilarity of these two posts in contrast. You couldn't be arsed to watch a clip that's a few seconds and free to watch but you expect others to buy and read libertarian jerk material.

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pure_temper
05/28/21 11:20:02 PM
#122:


1337toothbrush posted...
A simple "no" would've sufficed lol. I'm not interested in your little dick measuring contest.

lol put your money where your mouth is then, don't just publicly puff it out and run away from a private conv via PMs

1337toothbrush posted...
Again "self-made" is dodgy. Based on the text, it looks like you're self-made as long as you didn't inherit the money, but some clown getting his way paid through an elite school and receiving a "small loan" of a million dollars, free to fail in as many ventures as they want until they make it is "self-made".

uh most people who are serial failures in startups are not going to solicit more investment, you are describing scenarios that are not even the norm. just the edge case. and trying to use the edge case to justify a broad narrative against the efficacy of saving and investing. it's just silly lol. it's self-made. they build businesses that provide value to customers in the form of cool stuff people want to buy.

yeah we can always come up with edge cases but we don't reinvent society or make generalizations about "bootlickers" because of edge cases lol

i mean you know this, right?


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pure_temper
05/28/21 11:20:54 PM
#123:


1337toothbrush posted...
The hilarity of these two posts in contrast. You couldn't be arsed to watch a clip that's a few seconds and free to watch but you expect others to buy and read libertarian jerk material.

it's not libertarian jerk material, great books with high quality citations and graphs and charts galore. versus your shitty simpsons clip because you are too embarrassingly immature to just say you were wrong about something lol. oh well.

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#124
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PsychoVision
05/28/21 11:22:05 PM
#125:


1337toothbrush posted...
It's not self-made, yet it's often counted as such. That's my point.
Lmao. No

https://www.businessnewsdaily.com/2871-how-most-millionaires-got-rich.html

88% of millionaires in this country were not born into wealth. Get a clue
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pure_temper
05/28/21 11:24:21 PM
#126:


If Enlightenment Now by Steven Pinker is "libertarian jerk material" to you, then you are someone who has absolutely no idea what you're talking about lol.

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1337toothbrush
05/28/21 11:27:18 PM
#127:


pure_temper posted...
lol put your money where your mouth is then, don't just publicly puff it out and run away from a private conv via PMs
You're the one putting out the simple plan that guarantees becoming a millionaire by 30 and yet you couldn't provide a simple confirmation as to whether you followed this plan you set out for everyone else to follow. The matter isn't whether I have more money than you or not.

pure_temper posted...
uh most people who are serial failures in startups are not going to solicit more investment, you are describing scenarios that are not even the norm. just the edge case. and trying to use the edge case to justify a broad narrative against the efficacy of saving and investing. it's just silly lol. it's self-made. they build businesses that provide value to customers in the form of cool stuff people want to buy.

yeah we can always come up with edge cases but we don't reinvent society or make generalizations about "bootlickers" because of edge cases lol

i mean you know this, right?
You obviously don't know startup culture very well. Then again, you don't know many things very well, as you've spectacularly demonstrated in this topic repeatedly.

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pure_temper
05/28/21 11:29:23 PM
#128:


1337toothbrush posted...
You're the one putting out the simple plan that guarantees becoming a millionaire by 30 and yet you couldn't provide a simple confirmation as to whether you followed this plan you set out for everyone else to follow. The matter isn't whether I have more money than you or not.

I am following my own advice and yes it is working and yes the timeline of what I said is achievable at the current rate unless the world ends soon lol. I don't know if I have more than you but I'm not sharing my net worth first if that's what you're asking lol.

1337toothbrush posted...
You obviously don't know startup culture very well. Then again, you don't know many things very well, as you've spectacularly demonstrated in this topic repeatedly.

yes i do know startups. and most of them will fail and most founders need to try more than once to succeed, but serial failures don't just get unlimited funding without strings the way you seem to think. show me where this magic money is lol, i've been in Silicon Valley before lol.

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1337toothbrush
05/28/21 11:32:12 PM
#129:


PsychoVision posted...
Lmao. No

https://www.businessnewsdaily.com/2871-how-most-millionaires-got-rich.html

88% of millionaires in this country were not born into wealth. Get a clue
Do you even read the trash you post? Let's take a look at it, shall we? From your link:
"A study by Fidelity Investments found that 88% of millionaires are self-made millionaires."

"study by Fidelity Investments" is a link that goes to: https://money.usnews.com/money/blogs/on-retirement/articles/7-myths-about-millionaires

In that link: "A 2017 survey from Fidelity Investments found that 88 percent of millionaires are self-made." (emphasis mine)

Yeah, what a surprise that a *survey* of millionaires has them mostly thinking they're self-made. Get out of here with your jokes, funny man.

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pure_temper
05/28/21 11:36:06 PM
#130:


anyway, yeah I'll be a big man and admit that it's a very aggressive min-max type of scenario that I described

but you guys are intentionally missing the point or something? because the entire point was what was said about median income not being enough to save like @Godnorgosh has been able to

it absolutely fucking is, in not even that unreasonable a situation for a student who has their head right and isn't just fucking around wasting time lol. is that so hard to ask or to see? $32k/year working part-time is achievable right now where I'm at.

With online school or trade schools being affordable or even free if you're an apprentice somewhere lol.

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1337toothbrush
05/28/21 11:39:08 PM
#131:


pure_temper posted...
I am following my own advice and yes it is working and yes the timeline of what I said is achievable at the current rate unless the world ends soon lol. I don't know if I have more than you but I'm not sharing my net worth first if that's what you're asking lol.
What are you afraid of?

pure_temper posted...
yes i do know startups. and most of them will fail and most founders need to try more than once to succeed, but serial failures don't just get unlimited funding without strings the way you seem to think. show me where this magic money is lol, i've been in Silicon Valley before lol.
You misread my post because I was talking about parents with resources acting as a cushion for their children, allowing them to fail as many times as they want. I said nothing about investors giving unlimited funding without strings.

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pure_temper
05/28/21 11:42:06 PM
#132:


1337toothbrush posted...
What are you afraid of?

I'm not afraid lol. You want an honest answer? Here it is: I don't trust you, as an individual or a username on CE even after many years, to actually be open-minded or to actually read with an open-mind. You're clearly just here to talk about "bootlickers" out the gate and to try to win a debate for points or something. I'm not interested in that. I could definitely be transparent about why I trust what I said but I don't have any confidence that you're not just looking to be annoying or looking for "gotchas" while conveniently ignoring the entire point of the conversation lol.

1337toothbrush posted...
You misread my post because I was talking about parents with resources acting as a cushion for their children, allowing them to fail as many times as they want. I said nothing about investors giving unlimited funding without strings.

How many parents from successful founders were giving them unlimited loans? As a percentage of the innovation from the last 100 years or 50 years or 25 years even?

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1337toothbrush
05/28/21 11:44:09 PM
#133:


pure_temper posted...
anyway, yeah I'll be a big man and admit that it's a very aggressive min-max type of scenario that I described

but you guys are intentionally missing the point or something? because the entire point was what was said about median income not being enough to save like Godnorgosh has been able to

it absolutely fucking is, in not even that unreasonable a situation for a student who has their head right and isn't just fucking around wasting time lol. is that so hard to ask or to see? $32k/year working part-time is achievable right now where I'm at.

With online school or trade schools being affordable or even free if you're an apprentice somewhere lol.
You'll be a "big man" by admitting you're full of shit but in the most cowardly way by pretending it's merely a "very aggressive min-max type of scenario". No, it's a bullshit scenario that shows a childish understanding of life.

$32k/year is almost the median personal income in the US and you're saying that it's so easy to achieve that working part-time?: https://fred.stlouisfed.org/series/MEPAINUSA672N

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PsychoVision
05/28/21 11:45:32 PM
#134:


1337toothbrush posted...
Do you even read the trash you post? Let's take a look at it, shall we? From your link:
"A study by Fidelity Investments found that 88% of millionaires are self-made millionaires."

"study by Fidelity Investments" is a link that goes to: https://money.usnews.com/money/blogs/on-retirement/articles/7-myths-about-millionaires

In that link: "A 2017 survey from Fidelity Investments found that 88 percent of millionaires are self-made." (emphasis mine)

Yeah, what a surprise that a *survey* of millionaires has them mostly thinking they're self-made. Get out of here with your jokes, funny man.
Bahahaha now hes refuting a study from a literal investment firm. Youre no longer worth debating with. When you argue facts and studies you expose yourself
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1337toothbrush
05/28/21 11:48:33 PM
#135:


pure_temper posted...
I'm not afraid lol. You want an honest answer? Here it is: I don't trust you, as an individual or a username on CE even after many years, to actually be open-minded or to actually read with an open-mind. You're clearly just here to talk about "bootlickers" out the gate and to try to win a debate for points or something. I'm not interested in that. I could definitely be transparent about why I trust what I said but I don't have any confidence that you're not just looking to be annoying or looking for "gotchas" while conveniently ignoring the entire point of the conversation lol.
Your little plan is full of shit and here you are typing many words instead of trying to prove your claims because you know you can't.

pure_temper posted...
How many parents from successful founders were giving them unlimited loans? As a percentage of the innovation from the last 100 years or 50 years or 25 years even?
I don't know why you keep coming back to "unlimited funds" when often it takes as "little" as a few hundred thousand dollars. Jeff Bezos' parents "invested" $245,573 in Amazon in 1995. I don't know of many parents who could do that for their kid. Sure though, he's self-made.

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pure_temper
05/28/21 11:51:59 PM
#136:


1337toothbrush posted...
You'll be a "big man" by admitting you're full of shit but in the most cowardly way by pretending it's merely a "very aggressive min-max type of scenario". No, it's a bullshit scenario that shows a childish understanding of life.

$32k/year is almost the median personal income in the US and you're saying that it's so easy to achieve that working part-time?: https://fred.stlouisfed.org/series/MEPAINUSA672N

you are being the child who lacks understanding of life by coming into a topic about working hard and just out the gate complaining about bootlicking lol.

and you clearly don't read my posts because I said that right now I can find a job at UPS paying $22/hour. if I was in college, I'd work there and finish college with a great degree and some cash already, and then from 21 till 30 work my ass off.

That's plenty of time to amass significant savings, which is literally what the point of the conversation is between myself and Godnorgosh to begin with.

Savings by age could be:

18: $0
19: $20,000
20: $40,000
21: $60,000

Assuming living at home and not wasting money and grants/reasonable loans at low interest

Then you work as an electrician or a plumber or STEM and let's go ahead and say you work in a bigger city and now make $80,000 a year because you worked your ass off in college. Now instead of saving $20,000 a year you can maybe save $35,000 a year.

22: $95,000
23: $130,000
24: $165,000

You've already exceed Godnorgosh's savings by this point well before you're even his age, and have 6 more years of this + growing income + starting to invest and getting interest and can absolutely power your way to $1 million.

Assuming 10% interest rate for S&P 500, starting on $165k invested from 24 to 30 with $35k more going into the account yearly like already doing, you're at $600k at 30 but we didn't include bonuses, raises, side hustles, further education. It happens and it's a lot more common amongst immigrant families because they have a different mindset.

And if not $1 million by 30 because you got a different start at like 23 or 28 or 35 or 50, or just life is life, it's still a position of power over the long run that will get someone there no matter what age they start from lol.

What is not achievable about this for the average person in America? Are we too fractured as a society to have people living with family during college/tradeschool? Are we prioritizing "living alone" when we shouldn't be? etc

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pure_temper
05/29/21 12:12:39 AM
#137:


Start educating young people on this path instead of the regressive left bullshit. Get everyone independently wealthy and mentor younger people. All it takes is one generation to change everything in this regard.

And that's how you tell Bezos to pay his taxes lol. When everyone is rich and educated and productive.

You guys are both rich leftists, yet instead of realizing those blessings and the union of states and freedom that made it possible, and mentoring people on a better faster path like the one above, you guys post whiny garbage about the edge cases and bootlickers and the median wages not being high enough and needing a centralized power to redistribute all the profit forever lol.

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1337toothbrush
05/29/21 12:27:07 AM
#138:


You'll find that your plan falls apart when you factor in the cost of schooling, living expenses, taxes, or having a life at all. Starting a family is obviously out of the question in this little plan. You also assume a job right out of school getting you $80k/yr (with a mention of working in a "bigger city" in an attempt to make it more realistic, but then you fail to factor in the higher expenses that go into living in a bigger city). It's funny because even you admit that you're not hitting a million by 30 with this plan like you initially claimed even with your simplistic walkthrough of the plan.

pure_temper posted...
What is not achievable about this for the average person in America?
Do you just assume that most people are idiots? You cite $80k/yr for a starting salary right out of school and yet median personal income is like $36k: https://fred.stlouisfed.org/series/MEPAINUSA672N

These aren't salaries right out of school, either. The median age of a worker in the US is like 42 years old. It's sooooo easy, all these millions of people must be too stupid to follow this simple and basic plan!

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pure_temper
05/29/21 12:30:37 AM
#139:


1337toothbrush posted...
I don't know why you keep coming back to "unlimited funds" when often it takes as "little" as a few hundred thousand dollars. Jeff Bezos' parents "invested" $245,573 in Amazon in 1995. I don't know of many parents who could do that for their kid. Sure though, he's self-made.

that's a generous seed round but it's still a seed round on a completely insane idea by any other investors' standards at the time

morons of that era were saying that internet was a joke and would never even replace fax

in reality it's likely that his parents, who were first generation rich as immigrants who came here with nothing from Cuba which is socialist and an adoptive father who was just a regular employee like us, were the only ones would could see his vision and take a giant risk when few investors were really interested in selling books online or doing a platform play with AWS.

and the result is a platform/product that has improved a whole lot of stuff in how we live life lol.

anyway you completely ignored the question - how many parents out there were and are to this day giving their kids giant grants/free money like these? you seem to think it's basically how it works across the board? i want more precision here because otherwise what are you saying? :/


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pure_temper
05/29/21 12:34:47 AM
#140:


1337toothbrush posted...
You'll find that your plan falls apart when you factor in the cost of schooling, living expenses, taxes, or having a life at all. Starting a family is obviously out of the question in this little plan. You also assume a job right out of school getting you $80k/yr (with a mention of working in a "bigger city" in an attempt to make it more realistic, but then you fail to factor in the higher expenses that go into living in a bigger city). It's funny because even you admit that you're not hitting a million by 30 with this plan like you initially claimed even with your simplistic walkthrough of the plan.

i did or am doing all of the above and all of my coworkers and their friends and basically everyone 30 and under in tech is doing it

including office managers and non-technical people

and my construction friends in the 18-30 group, i'm mentoring 7 of them rn and they're all on track for their age

anyway you're completely missing the point. you can start a family any time, it's not that expensive and if you both work then just pay family to babysit sometimes or w/e. or wait until you're 24-25 and hitting a good stride to have kids. not a big deal, dude.

living expenses and taxes when you are living with family in college are basically nothing for you. so by 18 you can realistically be saving $20k a year these days at least around the midwest towards the bigger cities lol. scale it according to the cost of living, it just so happens to be these numbers for me. maybe the equivalent "saving power" in the middle of nowhere in Alabama is wildly different and that is why it may sound ridiculous to some people.

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pure_temper
05/29/21 12:38:20 AM
#141:


and then by this point by the time you're 40 or 45 and really sick of corporate world, you just do your own thing. and who cares about class anymore at that point? eventually everyone's just driving lambos, if you project the generational leaps typical in immigrant families onto the broader population

like how Bezos' adoptive father was a regular engineer, and Bezos became a billionaire. took about 3 generations for that to happen.

so this means that we could be the last generation to ever even know the concept of "having a boss" or "having to wake up early for work", because three generations from us is just our grandchildren. so if we get to the position of being Bezos' dad by the time we're 45, which everyone on this board can do, then our kids will never need to work for anyone ever again lmao

if we just focus on this type of approach instead of the other bullshit everybody talks about lol. it'd be interesting if the entire population could actually focus on this type of approach instead of what is called leftism right now lmao. it's so sad.

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1337toothbrush
05/29/21 12:40:28 AM
#142:


pure_temper posted...
that's a generous seed round but it's still a seed round on a completely insane idea by any other investors' standards at the time

morons of that era were saying that internet was a joke and would never even replace fax

in reality it's likely that his parents, who were first generation rich as immigrants who came here with nothing from Cuba which is socialist and an adoptive father who was just a regular employee like us, were the only ones would could see his vision and take a giant risk when few investors were really interested in selling books online or doing a platform play with AWS.

and the result is a platform/product that has improved a whole lot of stuff in how we live life lol.

anyway you completely ignored the question - how many parents out there were and are to this day giving their kids giant grants/free money like these? you seem to think it's basically how it works across the board? i want more precision here because otherwise what are you saying? :/
You're the one doing the ignoring. This is the "self-made" millionaire/billionaire you love so much.

pure_temper posted...
i did or am doing all of the above and all of my coworkers and their friends and basically everyone 30 and under in tech is doing it

including office managers and non-technical people

and my construction friends in the 18-30 group, i'm mentoring 7 of them rn and they're all on track for their age

anyway you're completely missing the point. you can start a family any time, it's not that expensive and if you both work then just pay family to babysit sometimes or w/e. or wait until you're 24-25 and hitting a good stride to have kids. not a big deal, dude.

living expenses and taxes when you are living with family in college are basically nothing for you. so by 18 you can realistically be saving $20k a year these days at least around the midwest towards the bigger cities lol. scale it according to the cost of living, it just so happens to be these numbers for me. maybe the equivalent "saving power" in the middle of nowhere in Alabama is wildly different and that is why it may sound ridiculous to some people.
They're not on track at all because you promised becoming a millionaire by 30. By your own simple and optimistic walkthrough of the plan just now you hit $600k by 30. That's not a millionaire. I can't trust that you or your imaginary cohort are on track to anything when you can't even get your shitty plan straight. It immediately crumbles under the most cursory look and you're the one giving that look!

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pure_temper
05/29/21 12:41:56 AM
#143:


1337toothbrush posted...
They're not on track at all because you promised becoming a millionaire by 30. By your own simple and optimistic walkthrough of the plan just now you hit $600k by 30. That's not a millionaire. I can't trust that you or your imaginary cohort are on track to anything when you can't even get your shitty plan straight. It immediately crumbles under the most cursory look and you're the one giving that look!

You ignored that the $600k didn't include ANY raises or bonuses for 9 whole years. And no partner along the way ALSO saving lol. So yeah, when you are really realistic and charitable and experienced, it's definitely doable. $600k is the easy math. If you really are interested in optimizing the stuff that matters with career and finances, obviously eventually you'll wanna find someone likeminded and get married to get those juicy benefits. And you'll get raises and bonuses along the way. Compound that too and it's def the case.

It doesn't crumble at all dude, you're just not working with me here.

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1337toothbrush
05/29/21 12:48:22 AM
#144:


pure_temper posted...
You ignored that the $600k didn't include ANY raises or bonuses for 9 whole years. And no partner along the way ALSO saving lol. So yeah, when you are really realistic and charitable and experienced, it's definitely doable. $600k is the easy math. If you really are interested in optimizing the stuff that matters with career and finances, obviously eventually you'll wanna find someone likeminded and get married to get those juicy benefits. And you'll get raises and bonuses along the way. Compound that too and it's def the case.

It doesn't crumble at all dude, you're just not working with me here.
Sorry, I do not want to "work with" your crackpipe financial planning. If it was so simple, why do you think most of the country aren't millionaires even by retirement age? They must not like money, huh.

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pure_temper
05/29/21 12:52:12 AM
#146:


1337toothbrush posted...
Sorry, I do not want to "work with" your crackpipe financial planning. If it was so simple, why do you think most of the country aren't millionaires even by retirement age? They must not like money, huh.

the people retiring right now are in a different era, they're not the audience. i'm talking about what people earning today's median wage can do. like moving forward.

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pure_temper
05/29/21 12:54:24 AM
#147:


like do you expect me to speak into the past, to the young people 50-70 years ago, to warn them of their irresponsible over consumption and irresponsible parenting? they were the fat cats of the past in some cases.

honest people who need help in mnay cases too, so yeah definitely help them all.

but like, what am i supposed to say about the people retiring today? lol i'm good but not that good.

all I can say is that right now anyone can do what I said over the next 7-10 years.

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1337toothbrush
05/29/21 12:54:41 AM
#148:


pure_temper posted...
the people retiring right now are in a different era, they're not the audience. i'm talking about what people earning today's median wage can do. like moving forward.
Median wage being $36k, you mean?

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pure_temper
05/29/21 12:56:02 AM
#149:


1337toothbrush posted...
Median wage being $36k, you mean?

yeah that's a damn good wage, dude. for one person that's a damn good wage for no education being required. because that's what I see around here too, stuff like that starting to pop up. google it, it's a labor shortage. due to all the pent up demand because of covid. everyone injected stimulus so everyone is literally getting boosted to Bezos standard of living by comparison, in some places.

you'll see.

it's basically the revolution in the form of consumerism. if we solve climate change, it'll be a great 50 years lmao

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1337toothbrush
05/29/21 1:00:05 AM
#150:


pure_temper posted...
yeah that's a damn good wage, dude. for one person that's a damn good wage for no education being required. because that's what I see around here too, stuff like that starting to pop up. google it, it's a labor shortage. due to all the pent up demand because of covid. everyone injected stimulus so everyone is literally getting boosted to Bezos standard of living by comparison, in some places.

you'll see.

it's basically the revolution in the form of consumerism. if we solve climate change, it'll be a great 50 years lmao
Reminder that $36k is the median wage which includes all workers and the median worker's age is 42 years old. People without education are often making less than that. The stimulus to regular people was paltry compared to the trillions pumped into rich people's pockets. The labor "shortage" is actually a shortage of jobs that pay better than unemployment and now the employers are crying to the government to cut off unemployment to many suffering from the pandemic to force people to work shitty jobs for low pay.

We're not on track to solving climate change at all. Are you going to share another delusional plan for that too?

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pure_temper
05/29/21 1:01:06 AM
#151:


bezos is stepping down from amazon as CEO, i think he knows lol

he wants more of a role in his fund for getting the entire planet to clean energy


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