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re: I reject the idea that young adults/millennials “have it harder” than boomers at that age
Posted on 3/30/19 at 5:56 pm to Taxing Authority
Posted on 3/30/19 at 5:56 pm to Taxing Authority
How to get rich without being lucky
quote:
Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
quote:
Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you
quote:
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
quote:
You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
quote:
You will get rich by giving society what it wants but does not yet know how to get. At scale.
quote:
Pick an industry where you can play long term games with long term people.
quote:
The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.
quote:
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.
quote:
Pick business partners with high intelligence, energy, and, above all, integrity
quote:Look at the cynicism and defeatism in this thread. It will never serve you well.
Don't partner with cynics and pessimists. Their beliefs are self-fulfilling.
quote:
Learn to sell. Learn to build. If you can do both, you will be unstoppable.
quote:
Specific knowledge is found by pursuing your genuine curiosity and passion rather than whatever is hot right now.
quote:
Building specific knowledge will feel like play to you but will look like work to others.
quote:
When specific knowledge is taught, it’s through apprenticeships, not schools.
quote:
Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.
quote:
Embrace accountability, and take business risks under your own name. Society will reward you with responsibility, equity, and leverage.
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The most accountable people have singular, public, and risky brands: Oprah, Trump, Kanye, Elon.
quote:
Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).
quote:
Capital means money. To raise money, apply your specific knowledge, with accountability, and show resulting good judgment.
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Labor means people working for you. It's the oldest and most fought-over form of leverage. Labor leverage will impress your parents, but don’t waste your life chasing it.
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Leverage is a force multiplier for your judgement.
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There is no skill called “business.” Avoid business magazines and business classes.
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Study microeconomics, game theory, psychology, persuasion, ethics, mathematics, and computers.
quote:
Become the best in the world at what you do. Keep redefining what you do until this is true.
quote:*cough* college*cough*
There are no get rich quick schemes. That's just someone else getting rich off you.
quote:Yhe last one is the most true of all.
When you're finally wealthy, you'll realize that it wasn't what you were seeking in the first place. But that's for another day.
0
Posted on 3/30/19 at 6:01 pm to cahoots
quote:
So walk away, get no experience, and then cross your fingers that someone else hires you when you have no experience?
This is just crazy. There are plenty of ways to get experience. They may not be your ideal first job but who the frick expects that right when they get out of school? This is just entitled stupidity to say you can't get any job in your field unless you do a two year unpaid internship. The fact that millennials are falling for this en masse and would actually insist to others that there is no alternate path just proves their ineptitude.
Posted on 3/30/19 at 6:06 pm to Taxing Authority
quote:
Like I posted above, I’d still like to know when this magical time was.
It's a myth.
Posted on 3/30/19 at 6:07 pm to HailHailtoMichigan!
quote:
college debt is a problem, but it’s only a problem for people who didn’t use their college years to obtain a marketable degree.
False.
quote:
Millennials also claim housing more expensive
It is.
And I say that as a millennial who is paying off college debt for a marketable degree and owns his own home.
Posted on 3/30/19 at 6:10 pm to TbirdSpur2010
You’re a goddamn good american Tbird Spur! I’m a shite-bird that lives hand to mouth. Im a piss poor capitalist and you’re a good capitalist.
Posted on 3/30/19 at 6:16 pm to HailHailtoMichigan!
Posted on 3/30/19 at 6:20 pm to TbirdSpur2010
quote:
It is. And I say that as a millennial who is paying off college debt for a marketable degree and owns his own home.
Where?
Posted on 3/30/19 at 6:21 pm to cable
quote:
Where?
Texas.
Posted on 3/30/19 at 6:28 pm to AUTiger1978
quote:
This is just entitled stupidity to say you can't get any job in your field unless you do a two year unpaid internship. The fact that millennials are falling for this en masse and would actually insist to others that there is no alternate path just proves their ineptitude.
Wait, now millenials are "entitled" because they work unpaid internships?
It's a reality. People aren't turnning down money and insisting on working for free. They are doing it because they have to.
Posted on 3/30/19 at 6:31 pm to TbirdSpur2010
quote:
Texas
I guarantee you there are affordable places to live in the state of Texas, where housing is equally, or even less, expensive, than it was 20 years ago.
Posted on 3/30/19 at 6:32 pm to cable
That's nice.
My point stands.
My point stands.
This post was edited on 3/30/19 at 6:33 pm
Posted on 3/30/19 at 6:34 pm to cable
Read my original post itt.
Posted on 3/30/19 at 6:35 pm to cable
quote:
I guarantee you there are affordable places to live in the state of Texas, where housing is equally, or even less, expensive, than it was 20 years ago.
When are you guys going to understand that the exception does not prove the rule? Texas is importing lots of people and rent is rising in every major metro at a pace faster than inflation. My rent doubled in 5 years. I shite you not. There are always methods to avoid these problems, but housing has definitely become more challenging overall in recent times.
Posted on 3/30/19 at 6:35 pm to bmy
quote:This was never the case. This is an absolute myth that just won't die.
The good old days where you could own a home and support a family working at the hardware store
Posted on 3/30/19 at 6:39 pm to cahoots
It all depends on where you CHOOSE to live, and that has always been the case. Trendy, exclusive areas have always been expensive. There are plenty of less expensive options out there. And don't give me the "it's where the jobs are" line of bullshite. Commute, like we do/did. Millennials are the whiniest bunch of pussies this country has ever seen.
Posted on 3/30/19 at 6:39 pm to HailHailtoMichigan!
Hey, look! Another “get off my lawn” circle jerk.
“Everyone under 40 is lazy and entitled and never worked a day in their lives. I’m the hardest working person in the history of time and every single thing I’ve ever done I’ve done it completely by myself without help from anyone and only from a disadvantaged standpoint (see: walked 700 miles to school and back, uphill in 300 below temperatures both ways). In my day, cars didn’t have engines and if you decided to walk instead they broke your legs before you left the house. We had to dodge mountain lions and dragons just to go to the playground and our parents fed us glass and razor blades. Jobs didn’t even exist and the unemployment rate was 5,000%...”
“Everyone under 40 is lazy and entitled and never worked a day in their lives. I’m the hardest working person in the history of time and every single thing I’ve ever done I’ve done it completely by myself without help from anyone and only from a disadvantaged standpoint (see: walked 700 miles to school and back, uphill in 300 below temperatures both ways). In my day, cars didn’t have engines and if you decided to walk instead they broke your legs before you left the house. We had to dodge mountain lions and dragons just to go to the playground and our parents fed us glass and razor blades. Jobs didn’t even exist and the unemployment rate was 5,000%...”
Posted on 3/30/19 at 6:44 pm to cahoots
quote:I appreciate your input in this thread, but my overall gripe is this:
cahoots
You guys are arguing that the "plight" of millennials is due to rapacious capitalist exploitation that keeps wages down and prices of necessities high (housing, education, etc). That is Bernie Sanders's basic thesis. And it is like catnip for young people.
Conservatives and moderate dems who bring up student loan reform or zoning law reform are completely ignored in favor of Bernie who wants to blow up the entire system.
That is what annoys me. You guys have yet to explain how markets and capitalism are to blame for millenial woes, while that same economic system worked great for boomers and the some early millenials after boomers.
It just doesn't make any sense.
America from the 50s-90s was overall a time of immense economic progress. Parents knew their kids would have a more bountiful adulthood than they had. That was the consensus. Economic worry was low.
That's why Americans were so against communism. It threatened this successful ongoing experiment that is American dream.
Then, magically, in 2008, the same system that for DECADES was an engine of immeasurable comfort became public enemy number 1.
How can a economic system go from well oiled to inherently broken?
That is my overall complaint about the current millennial mindset. They are NOT just concerned about key issues in education and housing that can easily be reformed within our capitalist society....they want a complete leveling of our existing economic institutions.
This post was edited on 3/30/19 at 6:47 pm
Posted on 3/30/19 at 6:46 pm to AMS
quote:
AMS
You dumb , Liberal, millennial piece of shite.
You are whining about what you CHOSE to do.
You could have worked full time and payed for your school as you went.
If you want to complain and blame anyone , blame your parents for not helping you. Society doesn't owe you shite.
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