It for sure is but it's being ised to refute an affirmative assertion, not make it's own assertion.
> It for sure is but it's being ised to refute an affirmative assertion, not make it's own assertion. To refute assertion you need to claim negation of that assertion, which is assertion in itself, as every negation can be rewritten to become affirmation, and vice versa.
Not really.
> All cats are white.
> All the cats I see are black.
The second statement doesn't actually imply that all cats are black but it does refute that all cats are white. It doesn't make it's own claim about all cats, it just adds an anecdote that doesn't conform to the first statement.
> The way it shakes out is that there's no widely accessible way of escaping actual, ongoing work, which is what unmotivated people actually hear behind the words "passive income." 25x expenses in s&p 500 works ok. (Adjust the multiplier for your level of pessimism) Funding it isn't easy, but save a good amount of your income for a few decades and control your expenses and you can get there.
I generally agree, but that basically sounds like prudent investing for eventual retirement. Yes, tune the degree of aggression both in terms of work input and spending restraint, but the "work input" has to be high (and effective) for those few decades. EDIT: I'm also kind of writing in the context of having your own little economic engine that you own and control, and can be continually running, rather than owning…
The difference is, in retirement, you're maintaining an awareness of your own end of life and it's okay if your net worth goes down YoY as long as it doesn't do so too fast.
As the old saying goes: the best way to make money on the internet, is to tell other people how to make money on the internet
I was in community college taking some real basic, entry-level I.T. classes. And one of my classmates seemed nice, normal young guy about 20, already married. And one day on campus I see him drive up in a Mercedes. And I ask him what’s going on. Well, he tells me that he learned a little bit about cryptocurrency, and now he had gone into business where he advises people on how to invest in cryptocurrency. And I thoug…
> And I thought, “That’s really wise!”
He was smart, but not necessarily wise. Wisdom would've been not spending the money on a Mercedes at 20 years old.
I mean that's ok he was a kid. I would've done the same at that age.
It for sure is but it's being ised to refute an affirmative assertion, not make it's own assertion.
> It for sure is but it's being ised to refute an affirmative assertion, not make it's own assertion. To refute assertion you need to claim negation of that assertion, which is assertion in itself, as every negation can be rewritten to become affirmation, and vice versa.
This is not true. Producing a counter example to an assertion refutes the assertion.
While you can certainly argue that such a counter example entails the negation of the original assertion, that is not the same thing as claiming the negation of the assertion.
Putting forth an argument or demonstrating a counterexample is not the same as asserting all of the logical consequences of that argument.
This article really felt like a misdiagnosis to me. Sure, a lot of these people were just buying hype from these "get rich from drop shipping!" influencers, just like a million other suckers who got dollar signs in their eyes with real estate schemes, pyramid sale schemes, yada yada, a tale as old as time. I don't think this "passive income" trap is really anything new, and I don't think it was some unique thing that…
The US economy is in a death spiral. It’s where the UK was after WW2: lost an empire, didn’t want to admit it or address it. The foundational jobs of the economy - blue collar work - are gone. There simply aren’t enough people with jobs at each layer to support the businesses and jobs in the next layer up. The US will discover its total inadequacy if it gets into a war with China. We just can’t build weapons as fast as they can because we can’t build anything any more. Currently they are building solar and EVs while we can’t pave our roads. If they wanted to switch to pumping out destroyers, missiles and drones, we would be out gunned very quickly.
These desperate attempts at passive income are simply another symptom of the absence of a functioning economy.
"My nephew makes websites, and he's 14... I could just have him do it" - Every client of mine during my contracting days. It took me way too long to reply with, "Oh that's great news! I wasn't sure of my availability, and was certain I was going to be way too expensive. Glad you got it figured out."
Someone told me that in 2013 when I was trying to do contract work. I gave him a quote that I thought was reasonable, and he thought it was too much and he told me that his thirteen year old son could do it for free. I responded that he was the one who had reached out to me, and if he feels like his son can do it then he shouldn't have wasted his time trying to find a contractor since that will be more expensive. The…
Yeah, that's really the hard part of contracting. I was in my 20s and was certain I HAD to win every bid to keep feeding myself. I took longer than I should to realize that 3 worthwhile jobs is far better than 10 hassles. All clients required changes, most thought they were overpaying, and many gave me a hard time when the bill was sent. Meanwhile, when I'd toss out $20,000 as a price tag, those folks were far more serious, and they paid on time! It caused me to learn a valuable lesson. You want to quote high enough to offend the folks that aren't serious. They were gonna be such a pain.
This article really felt like a misdiagnosis to me. Sure, a lot of these people were just buying hype from these "get rich from drop shipping!" influencers, just like a million other suckers who got dollar signs in their eyes with real estate schemes, pyramid sale schemes, yada yada, a tale as old as time. I don't think this "passive income" trap is really anything new, and I don't think it was some unique thing that…
Anyone making real money on their ‘side gigs’ is very unlikely to be on that thread, let along telling anyone in detail what they are doing. It invites unwelcome competition.
Is it possible this has things backwards? When I was in high school 25 years ago, unless you got lucky with an IPO, tech didn't pay all that well. (I worked in software while I was in high school, so I know some of this first hand). It was office space. It didn't matter how smart you were, if you didn't go into management, or join Apple/Microsoft at just the right time, you weren't going to live a rich lifestyle. Not…
I was a software engineer 25 years ago, and tech paid very well - and in a non-Bay area location, and I'm only counting my cash comp as my stock options ended up being worthless (dot com bust and all). I made more my second year out of college than a family member's first year as a physician post-residency.
Can you tell me more? 25 years ago I was only a high school getting paid minimum wage 'cosplaying' as an office worker writing SQL and VBScript.
So, my view is skewed, but I got the impression software engineering was not a place people were retiring 'early' from, unless you made it in management. It seemed like a pretty standard office job, maybe with a little more perks due to the eccentric nature of the majority of workers.
I know over a dozen 1-2 person SaaS, not including my own. Some of them have hired some help now but they are still more on the "lifestyle business" side. They are in many different spaces, and founders from around the world. I am not a big networker, but this is my niche and it's big enough that I just know a slice.
I don't know any. I know a couple of people who had ideas that became bigger startups, but only 1 who was a friend rather than via networking. And I know a few people who did try the small saas or other small software based business but they all failed and now have jobs.
There’s one on the front page right now - healthchecks.io