patrick.net

I couldn't agree more.

This post is entirely correct.

I made the same wage per hour as my "broke" friends in Florida; the difference is I was a fanatical saver and investor in mutual funds.

My father was an MD who equated more billed hours to more money; after he retired I was able to show him what to do.
He was astounded by his Vanguard statements showing his net worth growing faster in a year than he made working a ton of hours in a year.

Want to be a millionaire? It costs about $20/day for about 30 years. If you can't come up with 20 bucks in a day, why are you working?

Of course if you can't figure out a little business it's OK, just do something on Saturday to make some extra dough.

The best word is NO and you say it to females who want to find ever more creative ways for you to spend your money.

Of all the females I have known, just a few have any idea what they are doing with money.

It's like a guitarist virtuoso they can't understand why everyone can't shred like they do. They have a guitar with 6 strings and 23 frets just like he does.
I say having the right tools is 80% of the success in the outcome. .It's that 20% of the job that takes skill and experience that makes the difference between a Home DIY'er and a Skilled Craftsman.

Getting an idea for a business is a biggie. Then the skills to see it to fruition.
I was always amazed by those guys, that get into a business that already seems so over saturated. I think to myself there's no way in hell they will make it in that business. But they are chasing Market Share, they aren't trying to compete with the top competitor. They understand the numbers game of market share. They don't have to be better than BrandX they just have to offer an alternative for those in the market for that product.

clambo says

Want to be a millionaire? It costs about $20/day for about 30 years. If you can't come up with 20 bucks in a day, why are you working?

The old guys used to tell me, "Money attracts money put it in the bank and it will grow" that was back when banks paid interest to savers.

Tenpoundbass says

that was back when banks paid interest to savers.

Fortunately, banks or Credit Unions are paying interest again, as one can now get short term certificates at 4-5%. Not like the 6% passbook of old, but better than the fairly recent .01%.

Tenpoundbass says

They don't have to be better than BrandX they just have to offer an alternative for those in the market for that product.

Bingo

Eman says

There’s only one solution: Entrepreneurship.

I'm taking the literal interpretation here, start your own business to catch the money. It leverages your biggest asset, you.

Now I'm going to speak to the bullshit people think are assets in this greedy, lazy, central banking economy. Buying something and sitting on it, then expecting someone else to pay you more for it, not an asset. That's called gambling. Now if you're able to predict the future trends, and you know when to buy and sell, your asset still isn't the object, it's your intuition. Most people are lemmings though, with no intuition. But they think because they follow the trend, they are genius's. See Lenny Dykstra. Lemmings always lose everything in the end, because they're too stupid to see the next trend before smashing into the bottom. It's the boom/bust cycle central bankers depend on to rob people blind.

Use your time to create real wealth. Strive towards independence for everything you need to live, land, food, clothes, water, everything. Build your local community. Move power away from government and corporations. Don't be a lemming.

clambo says

This post is entirely correct.

I made the same wage per hour as my "broke" friends in Florida; the difference is I was a fanatical saver and investor in mutual funds.

My father was an MD who equated more billed hours to more money; after he retired I was able to show him what to do.
He was astounded by his Vanguard statements showing his net worth growing faster in a year than he made working a ton of hours in a year.

Want to be a millionaire? It costs about $20/day for about 30 years. If you can't come up with 20 bucks in a day, why are you working?

Of course if you can't figure out a little business it's OK, just do something on Saturday to make some extra dough.

The best word is NO and you say it to females who want to find ever more creative ways for you to spend your money.

Of all the females I have known, just a few have any idea what they are doing with money.

Thanks for sharing clambo. The power of staying course and compound interest.

Tenpoundbass says

It's like a guitarist virtuoso they can't understand why everyone can't shred like they do. They have a guitar with 6 strings and 23 frets just like he does.
I say having the right tools is 80% of the success in the outcome. .It's that 20% of the job that takes skill and experience that makes the difference between a Home DIY'er and a Skilled Craftsman.

Getting an idea for a business is a biggie. Then the skills to see it to fruition.
I was always amazed by those (some text omitted to shorten quote...) k to myself there's no way in hell they will make it in that business. But they are chasing Market Share, they aren't trying to compete with the top competitor. They understand the numbers game of market share. They don't have to be better than BrandX they just have to offer an alternative for those in the market for that product.



The old guys used to tell me, "Money attracts money put it in the bank and it will grow" that was back when banks paid interest to savers.

The 80/20 rule.

Money attracts money. Success attracts success. 🤔

HeadSet says

Tenpoundbass says

that was back when banks paid interest to savers.

Fortunately, banks or Credit Unions are paying interest again, as one can now get short term certificates at 4-5%. Not like the 6% passbook of old, but better than the fairly recent .01%.

Alan Greenspan, Ben Bernanke, Janet Yell and Jerome Powell have been robbing savers for the last 2 decades or so with their low to zero Fed fund rate policy.

NuttBoxer says

I'm taking the literal interpretation here, start your own business to catch the money. It leverages your biggest asset, you.

Now I'm going to speak to the bullshit people think are assets in this greedy, lazy, central banking economy. Buying something and sitting on it, then expecting someone else to pay you more for it, not an asset. That's called gambling. Now if you're able to predict the future trends, and you know when to buy and sell, your asset still isn't (some text omitted to shorten quote...) e trend, they are genius's. See Lenny Dykstra. Lemmings always lose everything in the end, because they're too stupid to see the next trend before smashing into the bottom. It's the boom/bust cycle central bankers depend on to rob people blind.

Use your time to create real wealth. Strive towards independence for everything you need to live, land, food, clothes, water, everything. Build your local community. Move power away from government and corporations. Don't be a lemming.

To me, entrepreneurship is basically being your own boss. The goal is to replicate yourself as many times as possible. If Nuttboxer can replicate himself 10x, his income goes up 10x, etc…..

What I find interesting about the article is that hard work doesn’t equate to making more money. I’ve witnessed it in my life. I feel it’s unfair, but I have no control over the situation. The people, who get the big rewards, tend to be the ones who use their brain and can replicate themselves or their business model.

With respect to gambling, I feel there’s a difference between taking calculated risk vs. uncalculated risk. The chance of winning is higher in one scenario vs. the other. No one can predict the future. People use historically data, place their bets, and believe there’s a high probability history will rhyme itself.

There are many more ways to invest and make 1. income 2. capital appreciation 3. combination of these, more easily and less expensively than ever before.

You have no excuse today to not be an investor; it's so easy today compared to just a few decades ago (before the internet).

Fidelity for example charged a 5.75% fee "sales load" to buy any of their funds; later they dropped this because other companies offered no-fee funds.
Previously it cost a commission to buy any shares of stock; then Schwab came along with a "discount brokerage."
I recall once buying a fund from a broker at Dean Witter (now extinct with most of them) and I paid a $250 fee because I was doing the transaction through a broker.
Can you imagine how much money the brokerages made? Now they're almost all gone. Merrill Lynch was bankrupt and the US government told Bank of American to take it over in return for bailing out the bank.
Today there are many brokerages which charge $0 to trade. There are mutual funds which charge miniscule expense ratios (0.04%), including some Fidelity "Zero Funds" which charge 0%.
Today there are some interesting funds which use covered call strategies to boost their yield.
There are also REITs which allow you to invest in real estate without the fuss of actually buying something and dealing with "toilets and tenants."
Last night I had dinner with an ambitious Colombian in Florida illegally; I was curious if she was still attractive.
She wants to buy crypto because she's over 50 and in a hurry to retire; "rotsa ruck honey".
She has not yet "hit the hag button" but she's not sexy enough to snag a rich dude who is going to "buy the cow."
I warned her about crypto and said I would suggest ideas for her but she didn't like the idea of waiting 30 years to have a million bucks.
I suggested she retire to Colombia like another guy I know; evidently she really likes the good old USA too much.
"Tough darts" as they said in England.
Edit: she wanted to go to the Cheesecake Factory which I rejected.

Eman says

What I find interesting about the article is that hard work doesn’t equate to making more money. I’ve witnessed it in my life.

What is hard work though really? Is it hours worked? Manual labor? Dealing with 30 students in a classroom as a teacher?

I'm rural, get paid to mow the schools lawns as a side gig. Jam out to tunes. Could be high if I wanted (I don't). People think landscapers work hard, they generally don't. Hours are flexible. It's easy and I can make my kids schools look like a country club, get paid and use taxpayer equipment.

The definition of working hard is flexible if that makes sense. It also depends on what you need to live on. Being smart to not work hard should be the phrase. About to turn 40 and I legit took 3 years off. Life is relationships. It's not about doing more work, BUT sometimes it's smarter to do more/harder work to get to a place of freedom. Or who you choose to link up with, especially spouse. Sounds cheesy but my wife and I found each other. I made it rain the first decade and this decade she's absolutely killing it. We worked together and supported each others careers during the shittiest economic times of anyones lifetimes.

From there we have a massive network of friends and business associates. Either of us could get a 6 figure job in rural IL that is low time, just might need to commute occasionally. I think the key most people miss is not over spending on your primary rental or ownership. That will suck you dry. Anyone can make a modest house kick ass. $1,200/mo PITI on our house in high property tax IL. Bought it on margin borrowing from my MIL. That's how you work smarter. $0 on a home and only closing costs out of pocket, I was the selling broker. Dad was attorney. Damn near a net zero purchase.

Bigger message is always be learning AND be willing to take a chance. Managing a small real estate brokerage during the housing crash was amazingly hard. You get creative and figure out ways to make money.

Also, don't play badminton on your kids birthday drunk (buzzed really). Diving for a birdie and hearing a pop is no good. I'm concerned I have a minor fracture... lol. It was a good day and I have all the cripple equipment if it's bad. I think one of the lower leg bones that I don't remember or care to look up.

Bigger picture besides working actively or passively, harder or smarter. You live once. Have fun. You'll fuck up. Oh well. I did yesterday and might be in a boot/cast. It was fun. If you live a risk free life I call that boring.

Eman says

What I find interesting about the article is that hard work doesn’t equate to making more money. I’ve witnessed it in my life. I feel it’s unfair, but I have no control over the situation. The people, who get the big rewards, tend to be the ones who use their brain and can replicate themselves or their business model.

There's two possible explanations. They may not be a highly skilled person, so their work will not result in as much income. But the more prevalent reason is we do not live in a free economy. The system is rigged to prey on the most vulnerable, and give exemptions to the the most sociopathic. If you can print your way to prosperity, you certainly aren't working hard, but is that moral, especially considering the inflation you create pushes lower income people into the streets.

Morality is important, more important than how much money a decision can make you.

Eman says

What I find interesting about the article is that hard work doesn’t equate to making more money. I’ve witnessed it in my life. I feel it’s unfair, but I have no control over the situation.

There are 2 reasons I agree that it feels unfair.
1. We need these people more than they need us.
2. Wealth cannot be created without resources and labor. That's where it all starts. Look at how important food is and look at the pay for food related employees.

NuttBoxer says

There's two possible explanations. They may not be a highly skilled person, so their work will not result in as much income. But the more prevalent reason is we do not live in a free economy. The system is rigged to prey on the most vulnerable...

How is it "rigged" when jobs with the least barriers for entry are paid the worst? Seems like absolutely natural market dynamic. Now, in CCCP before '91 they paid factory workers 2-5x more than engineers who designed the stuff being made, but that system was extremely rigged and held together by terror.

Florida passed legislation making it a 10K fine for each infraction if you hire illegal aliens.

But here's the kicker, the news is now reporting all of our jobsites are empty and they can't find people to do those construction jobs.
But I haven't seen any job postings for skilled labor anywhere. I have looked because I have been curious. Now in the past Blacks, and legal immigrants were gladly doing those jobs.
SO if they aren't trying to court those laborers, then you have to ask yourself just how underpaid were the illegals, that they can't find the typical day laborers to do those jobs?

RWSGFY says

How is it "rigged" when jobs with the least barriers for entry are paid the worst?

Least barriers meaning skills? Like McDonald's? Gonna assume that's what you meant, and great example of how it's rigged. Minimum wage laws force employers to pay unskilled workers more than they're worth. And while an engineer still makes far more money, we aren't getting raises like we used to. But mandatory minimum wage increases mean the McDonald's worker is. So percentage wise, their pay is increasing faster than ours. But that's not all. To keep up with those increases, the cost of your Big Mac goes up. So now the engineer is getting fewer raises, and paying more for his combo meal. Same as your China example, no, but I think you get the picture.

Now let's imagine you're a small business owner, and you are forced to pay minimum wage, even to employees who should get far less, and health benefits. And all of that operating cost means you have to cut your profit margins, while being less competitive with the corporations who already occupy your market. Plus all the taxes and federal and state fees to operate, and you can't afford that corporate lawyer who will get you out of paying most of that. That's free market to you?

But let's make this even simpler. Advertise a gun or drug market out of your home, and tell me how free the economy is while you're in a federal lockup awaiting your mandatory minimum sentencing...

I think you're more on the poor people deserve what they get angle though right? Have you factored in how inflation cuts into their pay more than yours due to how much less they make? How ever gas increase, milk increase, egg, taxes, etc pushes them into the red, while you and I are still fine? That's really the point I'm making. Central banking economies are built so that we must trample the bones of the destitute in order to make our way. Not moral, and not the life I want to live.

Tenpoundbass says

SO if they aren't trying to court those laborers, then you have to ask yourself just how underpaid were the illegals, that they can't find the typical day laborers to do those jobs?

Probably the mandatory health benefits that cut the deepest into those companies profits. Or the fact that they can't set their own wage, and have to pay a minimum to people digging ditches that's way higher than the labor is worth.

NuttBoxer says

I think you're more on the poor people deserve what they get angle though right? Have you factored in how inflation cuts into their pay more than yours due to how much less they make? How ever gas increase, milk increase, egg, taxes, etc pushes them into the red, while you and I are still fine? That's really the point I'm making. Central banking economies are built so that we must trample the bones of the destitute in order to make our way. Not moral, and not the life I want to live.

Agree and disagree. Anyone can go to a community college and become a nurse. Go to a tech school and learn HVAC. As an individual it is relatively easy to make $70k/yr.

Increased costs to the middle and lower class does bring things down. BUT and I'll always believe this, it's on the person to make it better. Not an employer or job. I busted my ass in a job I hated for a decade so my wife could become successful. We were broke. Those that have succeeded aren't rubbing it in anyone's face. There's a path. Listen, learn and don't blame others. Regardless of liking our system, you can make your own path. I'm a quiet introvert and do well. My wife is an extrovert and does really well. I have no one to blame and really no one to give credit to. You make your own way or you can bitch about it.

WookieMan says

I'm a quiet introvert ...

I think this is the most shocking thing you have said on pat.net. Then again, expressive on the keyboard is different than how we are in person...
Researchers have found that the various facets of the introversion-extraversion domain can be boiled down to two related but separate aspects: enthusiasm and assertiveness.
Enthusiasm encompasses traits like sociability, friendliness, self-disclosure, gregariousness, and positive emotionality. Enthusiasm is primarily about social affiliation, but goes beyond sociability to include positive emotions, more generally, like joy, exuberance, and excitement [6].
Assertiveness encompasses traits like leadership, dominance, provocativeness, activity, talkativeness, and persuasiveness. Assertiveness is more about social status than social affiliation.
https://blogs.scientificamerican.com/beautiful-minds/will-the-real-introverts-please-stand-up/#:~:text=Researchers%20have%20found%20that%20the,%2C%20gregariousness%2C%20and%20positive%20emotionality.

There’s no right or wrong way. I like his way too. Enjoy life along the way.




https://x.com/marketpalmer/status/1764287384298959329?s=46&t=5lEEPaezr6Ic-W4Z6huZ5Q

FACT for the majority. I’ve heard some people called it “Sunday Blue”, or “Sunday Syndrome”

As Warren Buffett once said “If you love what you do, you don’t work a day in your life.” This explains why he and Charlie Munger work(ed) until the day they die(d).



https://x.com/marketpalmer/status/1764458991323947099?s=46&t=5lEEPaezr6Ic-W4Z6huZ5Q

Eman says

while the wealthy, hardworking people will invest the same amount of limited working hours building an asset that will “catch” money for them

Yup. Stocks are great for this, but it's even better if you can create your own profitable business and retain ownership of it.

Eman says

What’s the difference between a poor, hardworking person versus a wealthy, hardworking person?

The difference is in HOW they ‘catch’ money.

Yes, in Total Quality Management classes they call it "doing the right things, the right way" or "doing the right things, right"

I've seen this with a 21 year old in my neighborhood who works a service job for around $16 an hour and shares a 3 bedroom townhome with 2 others for a monthly rent of $2100 and utility costs about $300 (electricity, internet, water/sewer).

He is very smart with his money such as saving it in S&P 500, and doesn't piss it away. I think he bought Fidelity's Bitcoin ETF also.

Money can be made from money so I agree as far as time value of money and compound interest. Google stock seems to be appreciating at least 15% a year based on earnings growth about 20% a year.

Earn extra money like taking surveys on websites listed on Rat Race Rebellion or Work at Home Job Queen. Save that money in a Roth IRA.

You can earn about $8 an hour working surveys and other tasks at home watching TV. You could work 2 hours a day while watching TV.

.

.

Eman, what was your major and where did you graduate ? I am guessing electrical engineering and San Jose State University.

So you quit your engineering job to be a full time landlord ?

.

clambo says

Of all the females I have known, just a few have any idea what they are doing with money.

I'm sure it's because women still see men as an asset. Women are the spiders that spin a web to catch men.

My daughter visited us yesterday. She's 25 and turned down an opportunity in a better career field. She actually said that her boyfriend is going to make lots of money so she's not worried. He isn't going to make lots of money based on his education. Maybe by entrepreneurship but not by his college degree. I just shake my head. What can I do?

NuttBoxer says

I think you're more on the poor people deserve what they get angle though right?

The bias of economic class stasis. Yes, inflation hurts the lower earners more, always has. But in the USA, you can move up through experience, hard work, and yes, earning a practical degree. And the bite of rising prices should provide motivation to do so.

If I were to 'do it' again, I'd get a job with the State of Massachusetts, not to make a fortune but to 'make a living' capped at 40 hrs per week. In other words, unlike much of the corporate world, the standard 45-60+ hr work week isn't required for a State a/o union job.

Then, I'd use the rest of my time to do algorithmic trading and thus, build my wealth w/o needing a corporate job & its so-called retirement perks like restricted stock, etc, while killing myself 5 to 6 days per week.

GNL says

I'm sure it's because women still see men as an asset. Women are the spiders that spin a web to catch men.

They really do not have a choice, as they make the babies and human children have a long childhood. There are a few women that do not mind being a single mom, but that is the exception.

AD says

.

Eman, what was your major and where did you graduate ? I am guessing electrical engineering and San Jose State University.

So you quit your engineering job to be a full time landlord ?

.

I graduated from SJSU a BSCE and a MSCE. I designed high rise buildings, bridges, etc… in my previous life.

It’s not that easy to quit my job and be a full-time landlord with nose bleeding expensive real estate in the Bay Area. In fact, it’s practically impossible to many here. I analyzed data for almost a decade to make sense of it, but it never made sense until the housing crash in late 2000’s.

In 2009, I looked at the data and said this is it. This is an opportunity once in a lifetime. I told wife’s parents and siblings of my plan. They said I was crazy. I told my wife to let me try this for a few years. If I didn’t make it, I could always get another job. If I made it, we would be set. She said “I think you’ll do well. Go for it.” Now, her siblings said quitting my job was the best decision for “the family” as a few of them also benefited from the housing crash.

I didn’t have much money to start with other than a pocket full of dreams. I bought some properties using credit cards (0% interest for 12-18 months with 3% balance transfer fees), HELOC, borrowed private money and bank’s money. I also cashed out my IRA over a period of 4 years. I partnered, bought and financed 6 properties with an individual I met on Patnet due to my lack of credit and resources. He reached out, asked and I gave it a try. Patrick knows him. We had lunch with Patrick too.

I was content with what I had acquired in 2013. Then someone gave my name to a High Net Worth (HNW) individual in Palo Alto. I shared what I was doing with him. He said it was not “scalable”. He wanted something that could scale so we gave apartment building a try.

Due to my limited resource, I told him we had to syndicate. He agreed. We syndicated a couple deals and ran into one difficult investor. My HNW partner said no more investors. She was difficult due to the lack of knowledge but wanted to invest in real estate. She’s been a good friend since. Always reached out whenever she needed a second opinion.

I gradually sold my earlier purchases and rolled the winnings into apartment buildings in the last decade for higher cash flow and equity gains.

Look at it this way, 3% gain on $30M assets = $900k vs $3M assets = $90k. Annual principal pay down = $300k vs $30k. If you buy assets at 70 cents on the dollar, you have $9M of built-in equity. Then you’re essentially playing with house money.

If you give a cut of the profits to the handyman, general contractor, landscaper, cleaning person and the property manager, they will handle everything. You will have a lot of free time.

Rin says

If I were to 'do it' again, I'd get a job with the State of Massachusetts, not to make a fortune but to 'make a living' capped at 40 hrs per week. In other words, unlike much of the corporate world, the standard 45-60+ hr work week isn't required for a State a/o union job.

Then, I'd use the rest of my time to do algorithmic trading and thus, build my wealth w/o needing a corporate job & its so-called retirement perks like restricted stock, etc, while killing myself 5 to 6 days per week.

@Rin,

In 2001, I was offered a job to work for the Water District. The guy told me to join him. He was going to retire in 2006 and I would be the principal. I turned it down as I knew I wanted to own my own firm. Fast forward to 2007-2008, there were moments I asked myself what would my life be like had I taken that offer? Now, no regrets.

Life is truly a box of chocolates, ……

Eman says

Rin says

If I were to 'do it' again, I'd get a job with the State of Massachusetts, not to make a fortune but to 'make a living' capped at 40 hrs per week. In other words, unlike much of the corporate world, the standard 45-60+ hr work week isn't required for a State a/o union job.

Then, I'd use the rest of my time to do algorithmic trading and thus, build my wealth w/o needing a corporate job & its so-called retirement perks like restricted stock, etc, while killing myself 5 to 6 days per week.

Rin,

In 2001, I was offered a job to work for the Water District. The guy told me to join him. He was going to retire in 2006 and I would be the principal. I turned it down as I knew I wanted to own my own firm. Fast forward to 2007-2008, there were moments I asked myself what would my life be like had I taken that offer? Now, no regrets.

Life is truly a box of chocolates, ……

Well, perhaps it's not quite that but there are cyclical themes. I'd started my hedge fund with a few friend a dozen years ago, after being a 65-80 hr per week workaholic in IT and biotech. And yeah, that move was a payoff, however, I'm in my mid-40s and don't feel so energetic as before.

Had I'd taken that job with the State of Mass, it would have been rather easy to do my trading on the side, FYI, algo trading wasn't invented in 2020, it's been around since the 90s though the average Joe didn't know about it back then, and then, I would have had an easy life, for much of my adulthood.

In other words, one can work a union/State job and have a business on the side. It's not all one or the other.

Al_Sharpton_for_President says

Yes, inflation hurts the lower earners more, always has. But in the USA, you can move up through experience, hard work, and yes, earning a practical degree. And the bite of rising prices should provide motivation to do so.

You assume an objective system with zero free market suppression/collusion/manipulation. Now despite those hurdles, there are still people who manage to carve out a decent living for themselves. But to ignore the inherent corruption and bias in a central banking system, is to acquiesce to your own destruction. And ignore the lower rungs getting trampled in the process.

Rising prices just remind me that I need to leave a corrupt system, and take part in it's demolition whenever possible.

HeadSet says

GNL says

I'm sure it's because women still see men as an asset. Women are the spiders that spin a web to catch men.

They really do not have a choice, as they make the babies and human children have a long childhood. There are a few women that do not mind being a single mom, but that is the exception.

Disagree on the possibilities/choice. Once the kids are old enough to behave, which used to be by age 3 at the latest before the leftoids started messing with strict and structured parenting, it is fairly easy to get a part time wfh job, or sell stuff online, which will also gives their brains some stimulatuon besides child rearing. Fact is most womyn these days are lazy and unfit, addicted to social media and are looking for men to provide for them while they do a half ass job at parenting and housework at best or refuse to have children at all. There's a reason babysitters make $25/hr minimum these days

Al_Sharpton_for_President says

NuttBoxer says

I think you're more on the poor people deserve what they get angle though right?

The bias of economic class stasis. Yes, inflation hurts the lower earners more, always has. But in the USA, you can move up through experience, hard work, and yes, earning a practical degree. And the bite of rising prices should provide motivation to do so.

You're excusing the rapaciousness of a shitty government + fiat?

Rin says

If I were to 'do it' again, I'd get a job with the State of Massachusetts, not to make a fortune but to 'make a living' capped at 40 hrs per week. In other words, unlike much of the corporate world, the standard 45-60+ hr work week isn't required for a State a/o union job.

Then, I'd use the rest of my time to do algorithmic trading and thus, build my wealth w/o needing a corporate job & its so-called retirement perks like restricted stock, etc, while killing myself 5 to 6 days per week.

Yep, a good government job is worth it's weight in gold. A no stress, pensioned and 40 hour government job has many benefits. I cannot stand any government worker. Sorry but, imo, they are the blood sucking class.

HeadSet says

GNL says

I'm sure it's because women still see men as an asset. Women are the spiders that spin a web to catch men.

They really do not have a choice, as they make the babies and human children have a long childhood. There are a few women that do not mind being a single mom, but that is the exception.

It's just not like that any more. Women (actually the family unit) have become completely exploited. There are very few that can raise a family without 2 incomes. Not only 2 incomes but increasingly 2 GOOD incomes. At least that's what I see around me.

GNL says

Rin says

If I were to 'do it' again, I'd get a job with the State of Massachusetts, not to make a fortune but to 'make a living' capped at 40 hrs per week. In other words, unlike much of the corporate world, the standard 45-60+ hr work week isn't required for a State a/o union job.

Then, I'd use the rest of my time to do algorithmic trading and thus, build my wealth w/o needing a corporate job & its so-called retirement perks like restricted stock, etc, while killing myself 5 to 6 days per week.

Yep, a good government job is worth it's weight in gold. A no stress, pensioned and 40 hour government job has many benefits. I cannot stand any government worker. Sorry but, imo, they are the blood sucking class.

my tenants are government employees, working for school district. nice hard working people, but bad credit. average income. seem like typical everyday americans. so far never late on payments.

Eman says

I graduated from SJSU a BSCE and a MSCE. I designed high rise buildings, bridges, etc… in my previous life.

It’s not that easy to quit my job and be a full-time landlord with nose bleeding expensive real estate in the Bay Area. In fact, it’s practically impossible to many here. I analyzed data for almost a decade to make sense of it, but it never made sense until the housing crash in late 2000’s.

You kind of like me whereas I have a PE and worked facilities engineering. Before that I graduated from same university as Patrick but I think Patrick was computer engineering (with Larry Page) and I was dual major (mechanical and industrial engineering). I worked mechanical integrity mostly,

You know home building code and maintenance.

You played your cards well and earned the winnings.
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DON'T GO TO COLLEGE

Unless it's Engineering, Nursing, Accounting, etc.

At 17/18, get a trade. With a few years experience, you do side jobs until the side jobs turn into working for yourself, then you have so much work you hire people.

When most 21-22 year olds have $80k in debt and a degree that gets them an extra couple of bucks/hour doing White Collar bullshit, you'll have made $100k easy and long since paid off the $6-15k of trade school debt.