221–230 of 233 posts
> Looking back to the twenty-year-old me and the person I’ve now become, I see almost no similarities, interests, or passion.
Comparing the me of now with the me who graduated college almost seven years ago and I... am essentially still the same guy, only with a lot more money to spend.
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You don't qualify for medicaid if you have any assets. You'll have to spend down to you last $2k in assets before you qualify for medicaid. So... someone in the middle, who perhaps has some savings, can still be ruined if they have one moderate incident which would force them to spend down all their assets to poverty level before receiving any assistance.
For the record, if you live in CA, I don’t believe this applies to Medi-Cal. Unless you’re a “Medi-Cal individual who receives long-term supportive services or who enrolls in Medi-Cal through certain disabilities”, I believe only income is tested. (Not that this is enough! I am absolutely on the side of everyone having access to good public health care.) https://ca.db101.org/ca/programs/health_coverage/medi_cal/pr...
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> high correlation between parental wealth and success as a startup founder. I assume it's because of the safety net. Supporting a few sibling commenters here. I believe it is more nuanced than a safety net provided by parental wealth. I definitely come from a background of privilege. My grandfathers were both high status professionals. My parents were a combination of high-performing professional and Ph.D. I have pu…
I think this is a valid counterpoint. I didn't mean for it to sound like "silver spoon" kids get their success given to them, and debated deleting the assumption sentence after posting. The intent was just a note for OP to factor into account. But it sounds like a lot of others read it the first way.
In hindsight, I'm honestly not even sure that the nuance matters. The effect is largely the same whether there is truly a "safety net" of any sort, or whether the circumstances of birth and raising eliminate the need for a safety net.
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I would like to try that approach but I just don't have the energy after working all day to come home and start investing time chasing wildly creative projects.
A hundred years ago a wonderful slender book was written, "How To Live On 24 Hours A Day" by Arnold Bennett. He suggests getting up early and doing your passion projects before work. https://www.amazon.com/How-Live-24-Hours-Day/dp/1603863680
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A side project can be 2 hours a week. You can optimise making dinner so it take less time (cook in bulk, make some meals salads). Exercise can be done at home, probably 30 minutes in the morning and evening is more than enough.
As with everything else, you have to prioritize - there will never be time for everything. Meal prep and home exercise alone can cut that schedule down to 60-90 minutes, so you can begin on the side project at 7.30 pm.
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Yes. And US doctors make more "per capita" than Australian doctors. About twice as much. If they continue making more, I don't see how paying their billing rates from the taxes addresses the "affordability" problem. If you were to fix billing rates at a lower level (through single payer and such), you wouldn't really have any doctors to begin with, at least not for a while.
Doctors' wages aren't the biggest cause of higher spending. Admin costs and pharmaceutical spending are the largest (unnecessary) cost centers.
>> If I work on my own business alone, I won’t have co-workers until I hire them. There's another, more subtle issue. If you aren't sitting on a million-dollar seed round, there's a _huge_ energy gap between working alone and hiring someone, even for a consultancy, never mind some kind of product effort on which you work for a year before you get any revenue. This is in part because of the additional taxes you have t…
Partnering informally with a "collective" of like-minded independents is one way to thread that needle.
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Given the research on adverse childhood experiences, there's likely a subtler advantage too, for founders who were raised in more stable and secure environments. Growing up under greater pressure (violence, abuse, trauma) leaves you less resilient, more risk averse, more at risk. I'm not saying wealthy families don't have this, or that poor families can't be stable and secure. But on average it probably makes a diffe…
Incidentally, I just got back from the annual checkup with my 7yo, and the doctor mentioned that the strongest indicator of kids staying on a good path through adolescence is whether they regularly have dinner together as a family or not. That surprisingly exceeds any other socio-economic demographic indicator.
As you have more meals together, you are (they bond to you) and feel (you bond to them) more loved by the other people at the table.
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So €70k/year before taxes is a normal dev salary in Romania? Are you sure, since that's basically German level of salaries but with much lower COL. Do you have any sources for this? Because if that's the case I'm coming over to join you. :)
we compete on the same market, so we have the same salaries. But the rest of the country doesn't, so we have the lower COL. Give me a private contact and I can give you some concrete answers and tips regarding the area.
There's a pretty high correlation between parental wealth and success as a startup founder. I assume it's because of the safety net. My friends who have been successful (and who had blue-collar upbringings like me, and all in mid-40's now) all worked full time jobs until their side projects were self-sustaining. None of them hit unicorn status, but I think all of them have lived healthy, fruitful lives. Also note by…
> high correlation between parental wealth and success as a startup founder. I assume it's because of the safety net. Supporting a few sibling commenters here. I believe it is more nuanced than a safety net provided by parental wealth. I definitely come from a background of privilege. My grandfathers were both high status professionals. My parents were a combination of high-performing professional and Ph.D. I have pu…