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Golden Rules for Making Money (1880)

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Re: Golden Rules for Making Money (1880)

#31

Post by jjeaff »

msla wrote: post #26
dev_dull wrote: post #4

Earlier quoted context omitted.

Only people living in big cities think this isn’t still true. If you so desire, huge portions of land in the country “flyover” USA are yours to be had for very cheap. Of course it’s difficult to get internet there, so how will the millennials make it?

> Of course it’s difficult to get internet there, so how will the millennials make it? Difficult to get medical care and water out there, so how will the Boomers make it?

Medical care isn't usually that far. You would have to be very much in the middle of nowhere to be very far from a decent hospital with a medivac helipad. Rural water coops are very common and you can always just dig a well.

Re: Golden Rules for Making Money (1880)

#32

Post by TheGRS »

ngngngng wrote: post #28
fartcannon wrote: post #12

Earlier quoted context omitted.

Some millennials are in their mid 30's. Isn't it time to pick on a new generation?

Millenial here. Did this happen with other generations? Where the term was just used as a derogatory way to refer to young people?

I'm fairly sure that boomers were picked on in their formative years.

Re: Golden Rules for Making Money (1880)

#33

Post by jjeaff »

msla wrote: post #27
koolba wrote: post #17

Earlier quoted context omitted.

If you have power then water is straightforward. Just dig. We’ve been doing that for hundreds of years.

> If you have power then water is straightforward. Just dig. We’ve been doing that for hundreds of years. Spoken like someone who's never had to rely on a well in marginal country. My advice: Drill your well carefully, put in a cistern, and buy a truck which can haul lots and lots of water.

It depends on where this land is. Many wells in the south never have problems running dry.

Re: Golden Rules for Making Money (1880)

#35

Post by giancarlostoro »

abfan1127 wrote: post #23
JeanMarcS wrote: post #8

> Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in... Well, that put student debt in perspective no ?

Dave Ramsey says the same things.

There is nothing new under the sun.

Re: Golden Rules for Making Money (1880)

#36

Post by wnevets »

msla wrote: post #26
dev_dull wrote: post #4

Earlier quoted context omitted.

Only people living in big cities think this isn’t still true. If you so desire, huge portions of land in the country “flyover” USA are yours to be had for very cheap. Of course it’s difficult to get internet there, so how will the millennials make it?

> Of course it’s difficult to get internet there, so how will the millennials make it? Difficult to get medical care and water out there, so how will the Boomers make it?

If it wasn't for the urban dwellers flyover usa's subsidizing water, electricity, mail delivery, telephone, etc they would have a very different about the free market.

Re: Golden Rules for Making Money (1880)

#37

Post by slg »

JeanMarcS wrote: post #8

> Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in... Well, that put student debt in perspective no ?

It is weird to see this mindset on a site that is basically founded on the idea that taking on debt can be valuable. What would the startup scene be like if everyone avoided debt at all costs?

Re: Golden Rules for Making Money (1880)

#38

Post by derekp7 »

SketchySeaBeast wrote: post #11
JeanMarcS wrote: post #8

> Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in... Well, that put student debt in perspective no ?

Also mortgages.

Are mortgages really debt though? Because even though you owe, you also own as much as you owe (except during a market downturn of course). Whereas debt for a depreciating asset (like a car, or most things that go on a credit card) are what I would consider "real" debt. In other words, keep your net debt low or non existent (when looking at a balance sheet).

Re: Golden Rules for Making Money (1880)

#39

Post by arethuza »

ErikAugust wrote: post #5
smn1234 wrote: post #2

I like how it begins with... "In the United States, where we have more land than people..."

Still extremely true. https://snowbrains.com/map-nobody-lives-usa-47-usa-uninhabit...

Even the densely populated UK has significant proportions where nobody lives:

https://artplusmarketing.com/nobody-lives-here-united-kingdo...

Edit: I suspect the grid squares being used are of different sizes, but even so - the crowded bits of the UK are even more crowded than the overall population density would suggest.

Re: Golden Rules for Making Money (1880)

#40

Post by derekp7 »

0xffff2 wrote: post #24
fartcannon wrote: post #12

Earlier quoted context omitted.

Some millennials are in their mid 30's. Isn't it time to pick on a new generation?

I mean, they're not wrong. I'm a millennial in my early thirties who actually owns several acres of rural land. I would love to make it my full-time residence, but can't because I can't get decent internet out there. I'm a software engineer whose company lets me work remotely, but only if I can actually do my job. Until I can get good enough internet/phone service to call in to meetings and reliably access various re…

This will hopefully change in a few years, esp. with low-latency GEO satellite internet coverage (SpaceX, and other competitors).
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