311–320 of 465 posts
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If everyone moved their money to credit unions, they'd become just as bad as banks.
A bank exists to serve the interests of their shareholders, a credit union exists to serve the interests of their members. Unless you happen to be a significant shareholder in your bank, credit unions are more aligned with your interests.
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I have started a number of businesses, even what I considered the unsuccessful ones still made me more money than I would have made at any 9-5 I could have had at the time. You just have to be willing to do something boring and compete against businesses that aren’t currently being run well. Starting the 7,000th craft beer company is gonna be really hard but (for example) being the #1 powerwashing company in your tow…
The average enterprise dev in any major city in the US can make twice the median household income with 3-5 years experience.
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(I live in London) You didn't save til 40, now own multiple properties? Yeah our generation can't do that. While having a high paying job is great, it usually comes hand-in-hand with HCOL and obscene local property prices, meaning you have to either a) move to and live somewhere else (work remotely?), b) have to settle for living somewhere basic for a few years, c) rent forever. That decision really sucks. Previous g…
Is it really true that previous generations didn't have to sacrifice to buy homes? That seems patently false to me. First, previous generations were significantly more thrifty which meant more cash on hand. Don't believe me? Let's say you save 30 bucks a day starting at 20 (most of us can easily do that by controlling how much we eat out) - that means you have 110k in your bank for a down payment on your 30th birthda…
Take a look at average home price by year: https://www.fool.com/the-ascent/research/average-house-price...
Now compare that to average wages: https://www.ssa.gov/oact/cola/awidevelop.html
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I teach my kids that we shoot thieves dead as permitted by law. Let’s hope my kids never run into the kids who were taught “stealing is okay sometimes.” You steal, you rob, you assault, you die. It’s very simple.
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The average enterprise dev in any major city in the US can make twice the median household income with 3-5 years experience.
That’s still not that much
My father taught me that if you are going to steal from someone you never steal his tools or his vehicle, because those are the means he uses to make a living and you dont want to be responsible for his kids going hungry. Given this history of Wells Fargo this isn't a one off accident. It's often said but people really need to go to prison for this, not club fed either, send them to be with the other carjackers.
My dad told me not to steal.
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> [...] doing your own startup is one of the few relatively low risk gambles one can take. I was under the impression that around 90% of startups failed. Was I mistaken, have the numbers changed, or do we just have very different thresholds for "low risk"?
I have started a number of businesses, even what I considered the unsuccessful ones still made me more money than I would have made at any 9-5 I could have had at the time. You just have to be willing to do something boring and compete against businesses that aren’t currently being run well. Starting the 7,000th craft beer company is gonna be really hard but (for example) being the #1 powerwashing company in your tow…
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> Since you asked for it, my advise is to live well under your means, save aggressively, set goals, and never stop learning. If you want to challenge yourself, look into a concept called "early retirement." Good luck. Ah yes, glamorizing the hustle. You'll surely make it if you just "work hard enough," wink wink. Working a 9-5 career is (and has been) a net negative ROI for at least 2 decades, if not more. To be comp…
> This is all happening because Obama didn't have the balls to just let the shoddy banks crash and burn, and we continued QE for around a decade to alleviate blowback from 2008. This, combined with other factors (a lax policy w.r.t. foreign investments in real estate), will screw us in the long run. It also happened because most of the FBI agents who worked on white-collar fraud prior to 9/11 were reassigned to count…
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> Since you asked for it, my advise is to live well under your means, save aggressively, set goals, and never stop learning. If you want to challenge yourself, look into a concept called "early retirement." Good luck. Ah yes, glamorizing the hustle. You'll surely make it if you just "work hard enough," wink wink. Working a 9-5 career is (and has been) a net negative ROI for at least 2 decades, if not more. To be comp…
So an important point that people seem to be always ignoring in the housing discussion is that of the boomers, and I don't mean as in "the boomers bad they screwed us" sense. I mean in a demographic sense. The boomers were the largest generation of Americans and also are close to retiring or starting to retire, at the same time their children's children are entering the workforce, all of which were still relatively l…
Pretty sure this is actually already happening at a furious pace — PE firms, right? In fact I’m pretty sure I’ve read HN threads about it.
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// You'll surely make it if you just "work hard enough," wink wink. Working a 9-5 career is (and has been) a net negative ROI for at least 2 decades, if not more. Counterpoint - tech professional about 20 years out of college. Just bought a house in a nice suburb of NYC and all my neighbors are likewise working professionals. Some are in medicine, some in tech, some in things like construction management and educatio…
I mean you’re a gen X-er, it makes sense that you have zero idea what people that graduated college in 2008 went through. For context, people that had degrees in comp sci were working as Best Buy’s Geek Squad. On the bright side, you timed the dot-com dip perfectly!