Apr 25, 2022 23:26:48 GMT @ness said:

If only I bought that mew cookie.

Come on Ness all you need is that financial literacy and you will have that house of your dreams, let them tell you how to easily cut out a free things to get that downpayment.  You know like skip your morning coffee and suddenly 40k frees up this year in your budget.  

Hands off my avocado toast.

Apr 24, 2022 10:13:11 GMT @ness said:

Come to think of it, @admin isn't paying me enough to keep PW active!

You don't even read the news anymore! 

Apr 25, 2022 22:44:04 GMT c said:

If in the US it is very much an indicator of success as entry level unskilled jobs demand a 4 year degree. Not having a four year degree is like dropping out of high school was 40 years ago. Employers do not want to hire people who could not complete college. Likewise banks will not loan to small business owners who lack degrees, and if you do get a loan, you will pay more for the lack of degree as you are a higher risk to default.

And yeah everyone who ever attended college all think alike and only the uneducated are the truly free thinkers. We all understand what it like to be on the left The Yerkes-Dodson law curve where whatever you agree with is the most valid source of truth and expertise not requiring mentorship or guidance.

But we are entering a post-truth society so maybe facts do not matter. Covfefe for all!!!

For those student loans most will not be paid back anyway and most rating agencies do not use student loan data so end result gonna be the same eitherway.  Either end the illusion that most get paid off, or continue to let suckers pay them off who do not know how to defer them into oblivion.  

I think you might have trouble with reading comprehension, that's my exact point... Society needs to stop tunnelling a generation into the meat grinder of college when the degrees for the most part are worthless. Cadetships are the way of the future, ban unpaid internships.

Apr 25, 2022 23:07:51 GMT c said:

While everyone seems to think that is the vast majority of America that is not the case at all though. Most people have no savings as they simply do not make enough after rent to save. Not sure where the narrative that most Americans are pulling in six figures and living actual houses comes from.

And hear that @ness all you need is PW to teach you about finance and you can suddenly have that house of your dreams. Let put the financial genius of PW to work and get Ness that house.

Anyone who has IQ 10 points above the mean, lives in the US, Canada or Australia, has a decent work ethic and isn't afraid of getting out of their comfort zone; I could make a millionaire out of them.

Our of all the criteria I listed, it is the getting out of the comfort zone that most people fall down on.
If you want to get better than average you have to do better than the average on all areas, not just in hard work.

I hear people say this a lot and you know what you never see? The follow through. Wins are reported, losses blamed on the person or simply ignored. Darren Brown already did specials on this.

c I feel like you're the type of person who will tell me all the ways you won't succeed, without comprehending the idea of actually seeing success if you work for it.

Therefore you live your life by not bothering to try at all.

The average person doesn't fail at life due to some vast conspiracy theory to rob the working class of its potential wealth, if the average person doesn't achieve a comfortable life, it's because of choices they've made.

Before you angerly stand up too quickly and scare your cats, yes many people are faced with obstacles ie; health issues, crisis, mental health, family, etc and life will always be a challenge. But if you're of average to above average intelligence with a clean run, and you're still struggling to eat, you've made some average choices somewhere, that only you need to take responsibility for.

Edit:  You you know what, I just do not care enough to continue this.  Someone else can continue this.  

Apr 26, 2022 1:14:52 GMT c said:

I hear people say this a lot and you know what you never see? The follow through. Wins are reported, losses blamed on the person or simply ignored. Darren Brown already did specials on this.

I didn't say anyone, I said someone of above average intelligence, with excellent work ethic and not afraid to go out of their comfort zones. There's few people in this category who aren't already at least moderately successful.

As we have argued over many times, I believe equality means giving everyone the same opportunities, you cannot guarantee everyone gets the same outcome. I have no argument with the argument of the oppression of intergenerational poverty and cycles, but there's not a damn thing anyone can do until people wish to be free of that cycle.

As for the evidence, I have two friends that I have helped out now that are on their way. The fact that people's minds goes straight to excuses is the reason why they can never succeed. I'm not talking the empty promises of puluramid selling or anything like that.

One of my rules of life is that momentum is the single biggest contributor to success in any field.

We reached the point where people are realizing unless we get about 3 million illegal immigrants, the "no one wants to work anymore," labor shortage is permanent. Curious how the GOP plays this. On one hand they love cheap labor. On the other they hate dirty mexicans.

Farms are adjusting to not planting crops that require migrant labor to harvest as the border patrol keeps detaining migrant workers.

Currently, people that would come to the US for work are going to Canada instead now they are using immigrant labor, so even this labor pool is rapidly closing to the US. And given a choice, no one will come to the US for subminimum wage when they can get more in Canada.

May 10, 2022 6:33:25 GMT c said:

We reached the point where people are realizing unless we get about 3 million illegal immigrants, the "no one wants to work anymore," labor shortage is permanent. Curious how the GOP plays this. On one hand they love cheap labor. On the other they hate dirty mexicans.

Farms are adjusting to not planting crops that require migrant labor to harvest as the border patrol keeps detaining migrant workers.

Currently, people that would come to the US for work are going to Canada instead now they are using immigrant labor, so even this labor pool is rapidly closing to the US. And given a choice, no one will come to the US for subminimum wage when they can get more in Canada.

This is all feeding into the spiral of inflation.

Inflation is here to stay. US feds touch the interest rate again investors are prepared to start mass selling so they can get a bailout and the rate returned to 0.

Look at the finance sectors news and stock market.  They are prepared to tank the economy completely should inflation be corrected.

On average top corporations increased their year to year profit by 49%, making this the best year for corporations since the 1950's. Across the board they brag to investors about how their increased profit is far ahead of inflation due to market that welcomes aggressive pricing. Almost all claim supply chain problems minimally effects their operations.

May 10, 2022 13:23:09 GMT c said:

On average top corporations increased their year to year profit by 49%, making this the best year for corporations since the 1950's. Across the board they brag to investors about how their increased profit is far ahead of inflation due to market that welcomes aggressive pricing. Almost all claim supply chain problems minimally effects their operations.

No... They don't what you proposed is propoganda.
Regardless of whether the inflation is push or pull, the market always catches up.
Profit rises leading cost rises or cost rises driving prices up, the outcome is the same

May 10, 2022 7:19:57 GMT c said:

Inflation is here to stay. US feds touch the interest rate again investors are prepared to start mass selling so they can get a bailout and the rate returned to 0.

Look at the finance sectors news and stock market.  They are prepared to tank the economy completely should inflation be corrected.

There is no way you can let inflation run unchecked.
You raise rates you brake the economy and even stall it. Could take 2-5 years to recover based on the economic will.
You let inflation become hyperinflation and you burn your economy to the ground and it never recovers.
Watch what happens if countries shift away from the USD as a reserve currency

Read accounts of stockholder conference calls. All of these companies are talking about aggressive pricing leading gains, and how the supply chain problems are minimal. Which is why they are being investigated in several countries for profiteering.

Also US history shows this ends one way, a market crash followed by a bailout as companies expecting bailouts increase their risk thresholds.

Gen Z leading to creative solutions again. Found you can do interesting research in hiring by spamming companies looking online listing with resumes to if people with white looking backgrounds get called back more than people with minority looking backgrounds.  And once codified this likely will end up in the courts as it can clearly show discrimination in a quantified way.

Also using bots or a crowd can flood shitty employees with fake resumes to clog up their automated systems.

www.vice.com/en/article/g5qaey/people-are-using-job-listings-to-sabotage-companies-that-mistreat-their-workers

Federal reserve gave their advice to the inflation problem. They want companies to stop creating jobs by implementing a hiring freeze and making due with partial staffing. If they must fill a job, they should not do so at higher rates to fill the job fast. Goal is to reduce the power workers have by essentially cancelling all job openings to remove employees leverage ability.

www.news.com.au/finance/work/careers/the-australian-sixfigure-roles-you-dont-need-a-university-degree-for-revealed/news-story/de4e2af0c93c79ec925832a2b1a3d894

I thought you guys might find this glimpse into Australian life interesting.

May 13, 2022 11:28:15 GMT iNCY said:

www.news.com.au/finance/work/careers/the-australian-sixfigure-roles-you-dont-need-a-university-degree-for-revealed/news-story/de4e2af0c93c79ec925832a2b1a3d894

I thought you guys might find this glimpse into Australian life interesting.

I need to move to Australia to take advantage of the $1AUD = $0.69USD (nice) exchange rate. I can live like a king.

If my eyes weren't fucked (lazy and slight color blind... I can't see the dot test) sign me up for air traffic controller. No experience? WTF!

May 13, 2022 6:27:25 GMT c said:

Federal reserve gave their advice to the inflation problem. They want companies to stop creating jobs by implementing a hiring freeze and making due with partial staffing. If they must fill a job, they should not do so at higher rates to fill the job fast. Goal is to reduce the power workers have by essentially cancelling all job openings to remove employees leverage ability.

Yeah we want to make sure we can launder more money to Ukraine instead of the Americans.

May 13, 2022 20:49:06 GMT @ness said:

If my eyes weren't fucked (lazy and slight color blind... I can't see the dot test) sign me up for air traffic controller. No experience? WTF!

If Aussie Gold Hunters is to be believed you can pick up gold nuggets off the ground in the outback using just a metal detector.

May 13, 2022 11:28:15 GMT iNCY said:

www.news.com.au/finance/work/careers/the-australian-sixfigure-roles-you-dont-need-a-university-degree-for-revealed/news-story/de4e2af0c93c79ec925832a2b1a3d894

I thought you guys might find this glimpse into Australian life interesting.

Would not fly in the US.  We want degrees and 10 years experience for entry level now.

Saw a hilarious thing where a guy who created a programming language would not meet the experience requirements that companies wanted for using it as he only had 4 years experience and they all wanted five.

So lately my place's garbage pickup has been... lacking. They always fall back on low staff and it got me thinking... just like in Joker, not having enough sanitation could really fuck everything up. Honestly if my gig didn't work out that was where I was gonna look, but the pay isn't what I thought it'd be since they are always referenced as great money. Maybe it's those who work the actual trucks and not just every general laborer that comes in?

It was always funny growing with teachers saying if you did not pay attention you would end up a garbage man. What they did not mention was garbage men made more than teachers and most people who spoke at your yearly career day. In higher end places they make serious bank as there are NDAs attached.

Real money though Ness, exterminator. Friends dad did it. He got hooked up with some businesses and sold them privacy backed by NDAs and 24/7 on call support. He made a ton of cash, like mid six figures. Lived the iNCY dream and retired at 50.  Also unlike hauling trash, not that rough of work, mostly spraying shit, applying gel, sweeping out the bodies and telling people to clean their shit up.  

Also as more people move to renting more people will need their rental bug free, so job is in demand.  Once you get a few years experience you are golden since there is no exterminator classes or anything.  Not something everyone can do as it takes some knowledge that is not easy to find even online.

Sanitation is one of those things you don't really think about but is the crux of modern life. Imagine having to use chamberpots and everyone just dumps them out on the street.

Jun 7, 2022 20:23:50 GMT Gyro LC said:

Sanitation is one of those things you don't really think about but is the crux of modern life. Imagine having to use chamberpots and everyone just dumps them out on the street.

We will finally smell what the rock was cooking.

Jun 7, 2022 20:23:50 GMT Gyro LC said:

Sanitation is one of those things you don't really think about but is the crux of modern life. Imagine having to use chamberpots and everyone just dumps them out on the street.

Life is really crazy.
You see these people trying so hard to make it in the NBA or to get a recording contract whatever.
They're focusing so hard on trying to get into the most saturated and statistically unlikely sectors.

For far less effort people could become millionaires in: sanitation, HVAC, Electrical, wholesaling etc.

Easy way to a million is to go hard into math young and live modestly. Top talent headhunters will take math people and train them to a related job because many fields are so starved for math based talents.

Decade studying applied statistics and while I have a general documented mastery in the area and was consulted for it, the hard math statisticians do shit on levels I cannot understand and can see patterns near instantly in the numbers. Comparing to wrestlers I would be a jobber to their main event skills. I would make 70k mid career. They would make 150k and be my boss.