> Do this for 7 years while investing most of your salary in a diversified portfolio. Don’t go too crazy with Crypto. In a bullish market, like last decade. This will work. This suggestion does require you to do sufficient research in financials.
How I got wealthy without working too hard
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Re: How I got wealthy without working too hard
#12I think the business world has always relied upon the drive that many have to be the top dog, or one of the top dogs. Work 70 hrs/wk and you can be a team lead! If you don't care about that and make choices accordingly, you can optimize your life in a way that makes sense for you.
Re: How I got wealthy without working too hard
#13Re: How I got wealthy without working too hard
#14Good point about leaving jobs that have many meetings, though
Also, I think it's smart to take breaks between contracts, as you can build your skills and become senior much faster if you can focus on studying full-time 2-3+ months every year. Compared to self-directed project-based study, jobs are a hopelessly inefficient way to build competence
Also, yeah....don't do a startup unless you are VERY sure you don't mind being stuck there and having it be your whole life for 5-7+ years if it works
Re: How I got wealthy without working too hard
#15Although a million dollars won't make you happy. It's not what you actually want.
Re: How I got wealthy without working too hard
#16Title seems needlessly editorialized (and presumably submitted by the author). Actual post title is more accurate to the content: "How to become a millionaire without coding too hard"
if the username is a guide....
Re: How I got wealthy without working too hard
#17But this isn’t a secret. It’s the dream of a significant majority of the young CS students and grads that I’ve worked with as a mentor lately. They all grew up with the internet. Most of them know about Mr. Money Mustache or another FIRE blogger.
Yet very few of them end up moving to the country and doing high paying remote work. They all learn very quickly that remote companies aren’t in a rush to give $200-300K compensation to new grads with zero real world experience who live so far from the office that they have to do everything remote.
So instead they move to cities with jobs, where they meet people, establish friend groups, and eventually settle down with a partner. They also discover that full-time jobs are actually very nice right now, or that we’ll-paying full-remote contract work isn’t as easy to come by as blogs make it sound.
I do know a few people doing the remote work / country living thing, but they’re all building on top of decades of experience and reputation building to get those contracts.
In general, be skeptical of anyone selling an “it’s easy” vision of getting rich and not working hard. If it was truly easy, more people would be doing it. Usually these pitches are associated with people “selling the dream”, which is why this particular pitch is attached to a Substack that the author wants you to subscribe to in order to learn the secrets. Take with a grain of salt.
Re: How I got wealthy without working too hard
#18What good is wealth if you are living in a boring old town with nothing to do? Also this would obviously not be true if you have a family because kids are a money sink.
As an example, a friend lives in a 5 bed, 4 bath house and hour and a half out of the city. He has a woodshop, a workshop, fire pit, fireplace, man cave, 4 car garage, loves dirt biking, off-roading, cycling, fishing, flying his racing drone,and can play his drums as loud as he wants. He is also only an hour and a half from the city if he wants to go in for the day or weekend. He would be in a 2 bed, 1.5 bath condo if he lived in the city and wouldn't be able to do any of his hobbies; maybe the cycling.
Re: How I got wealthy without working too hard
#19There's some rather big leaps here. First of all you need a skill to do this. If you aren't already pretty good at coding, how are you going to get the work? This is like saying we can all represent our country at the Olympics, just pick an easy sport. Investment returns... how do you say this politely? If you already know the market is going up, why don't you just borrow money and go long the market? Also, taxes. It…
But you do pay taxes.