341–349 of 349 posts
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You do not have to learn stuff 'you hate' to be a contractor. And Go is very much in demand. Surely you could be a contractor using Go? I do not see why you have live in a small town either? You could just a well just live 20-40 min outside city center or in a smaller flat.
Most people use Go to write microservices which is ridiculous for me.
> I was born in a developed country in the 80s (Italy), with access to fresh water, very good carbohydrates and a decent education system. I'm going to go out on a limb and posit that most of those early benefits were paid for or subsidized by highly progressive taxes. I can only hope that wealthy people like the author understand this and don't pull up the ladder behind them.
Italy is not overrepresented in the number of people in tech, as far as I can tell; the way in which the author was lucky, was that he had access to tech and was in a stable (familiar and societal) environment that allowed him to focus on computer science, which happened to be a good move, given the value of tech nowadays.
Besides "highly progressive taxes" just means that wealthy middle class are footing the bill with half their salary while millionaires use company loopholes to pay 0.
Taxes are never going to be fair, because the richest people in society will always have the greatest incentive (aka: a large potential tax bill) and the greatest skills (aka: a lot of bribes and lobbying) in changing the laws so that they're somehow exempt.
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That’s what people are forgetting. There are plenty of 7 year periods where the stock market will return nothing or almost nothing.
How would we know ? Should we stop investing because of uncertainty ? There are plenty of people that lived through this bull market and didn’t come out of it as millionaires
""THERE IS NO QUICK FIX (AT SCALE)""
""THERE IS NO GET RICH QUICK SCHEME THAT WORKS (AT SCALE)""
""YOU WILL NEVER BECOME AN EXPERT IN 24h/7d/30d"" (You may convince some people that you did)
It is all a scam, and it will leave you poorer, dumber, more resentful and less fulfilled. )
: Some people do win the lottery. Chances that you will win even if you buy a ticket every single week for the rest of your life? Infinitesimal.
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Thats just being humble. Most successful people think its that way because they are special and worked hard. Wrong. Most people work hard, its the LUCK many underestimate. Being aware of this is healthy in so many ways, especially socially.
> Being aware of this is healthy in so many ways, especially socially. On the flip side, ascribing success entirely to luck is not at all healthy. I see lots of people who complain about their lot in life but then do nothing to change the trajectory.
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> Being aware of this is healthy in so many ways, especially socially. On the flip side, ascribing success entirely to luck is not at all healthy. I see lots of people who complain about their lot in life but then do nothing to change the trajectory.
Yet it is factually almost correct. Obviously its unhealthy to drop everything on circumstances and I understand what you are trying to say, however research shows: a person's home country explains two-thirds of the variation of income differences between all people in the world. This means where you are born is more important for how poor or rich you are than everything else put together .
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I absolutely can and will call $1M wealthy. Anyone who thinks it isn't is absolutely living in a bubble.
I once shared this outlook, but when one considers their own ideas about the lifestyle "wealthy" entails, and run some numbers, specifically determine the annual spend for that lifestyle, one will quickly realize the truth. A million can be blown in a year, or SWR'd (safe withdrawal rate) at $40k a year indefinitely. Can you retire on $40k a year? Would you want that level of income and lifestyle? Of course this depe…
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What are those expensive hobbies and luxuries? My hobbies cost about zero (making music, doing the occasional woodworking, reading, walking). Travel can be expensive but it can also be quite cheap and is very dispensable. Luxuries outside of travel (expensive hotels), I don't even know what they are. I'm sure it's not hard to spend as much money as you want on many different things; but you make it sound as if it was…
Having kids, while not a hobby, can certainly be expensive, and is probably the most obvious missing consideration here. It also makes a lot of other things less flexible, which tends to cost more money. (Want to go to a movie at night? Now there's a babysitter involved). Kids aside, lots of things cost money. You like eating at nice restaurants? Money. Prefer to home cook nice meals? Great, equipment costs, therefor…
None of the things you described have to cost a lot of money. Cheap bike, is still a bike. You can still watch a cheap tv. "Nice" does not mean much, really.