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BTCMILLIONAIRE
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February 16, 2018, 02:05:59 PM |
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"Either you're going to be a millionaire or you're going to be totally broke." Considering that most people on this planet are totally broke it should be obvious which course to take. I'd starve myself just to make sure I could get some if I had to. Supposedly lower calorie intake is correlated with higher life expectancy anyways, so that would be a win/win. |
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Torque
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Activity: 3822
Merit: 5504
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February 16, 2018, 02:22:00 PM
Last edit: February 16, 2018, 02:52:15 PM by Torque Merited by JimboToronto (1) |
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"Either you're going to be a millionaire or you're going to be totally broke." Considering that most people on this planet are totally broke it should be obvious which course to take. I'd starve myself just to make sure I could get some if I had to. Supposedly lower calorie intake is correlated with higher life expectancy anyways, so that would be a win/win. What's really sad, is that the majority of sheeple living in first world countries and still carelessly spending their hard earned money, still don't even know why it's vital just to hedge against inflation. They believe that not building wealth is why they are broke, but never consider that not hedging against inflation after a decade or three is also why they are broke. If people bought Bitcoin as merely an inflation hedge (i.e., only expecting an avg ~6% gain per year over 5-10 years) instead of trying to "become a millionaire" they'd be much better off than not buying any at all. |
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BTCMILLIONAIRE
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February 16, 2018, 02:32:03 PM |
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"Either you're going to be a millionaire or you're going to be totally broke." Considering that most people on this planet are totally broke it should be obvious which course to take. I'd starve myself just to make sure I could get some if I had to. Supposedly lower calorie intake is correlated with higher life expectancy anyways, so that would be a win/win. What's really sad, is that the majority of sheeple living in first world countries and still carelessly spending their hard earned money, still don't even know why it's vital just to hedge against inflation. They believe that not building wealth is why they are broke, but never consider that not hedging against inflation after a decade or three is also why they are broke. If people bought Bitcoin as merely an inflation hedge (i.e., only expecting an avg ~6% gain per year) instead of trying to "become a millionaire" they'd be much better off than not buying any at all. It's also quite sad that financial literacy isn't being taught in schools, not even electively. And it could be easily taught in playful ways that anybody could pick up on too. Sometimes I seriously wonder if people have some unconscious desire to be poor and mediocre. I just cannot fathom how somebody could wish to be more than they are without trying to work towards that goal with even the tiniest increments. |
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Torque
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It's also quite sad that financial literacy isn't being taught in schools, not even electively. And it could be easily taught in playful ways that anybody could pick up on too.
Agreed. But along with basic financial literacy coursework, the book "Rich Dad Poor Dad" should be required reading. Sometimes I seriously wonder if people have some unconscious desire to be poor and mediocre. I just cannot fathom how somebody could wish to be more than they are without trying to work towards that goal with even the tiniest increments.
People think their careers will save them, that they will never end and their wages will always be increasing to take care of their current and future debts. Until their career doesn't. |
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Flamaicon
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February 16, 2018, 02:43:16 PM |
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We are currently bouncing in a rising channel but it’s narrow and fragile imho.
The next 24 hours are critical. It's just hitting the ceiling of the red cloud on the 12h chart. We may get a few discounted coins on this weekend, but not so cheap. Once above the cloud going up should be expedited.  Agree. Will grow fast from this point |
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BTCMILLIONAIRE
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February 16, 2018, 02:47:58 PM |
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Agreed. But along with basic financial literacy coursework, the book "Rich Dad Poor Dad" should be required reading.
Just looked it up, saw a couple videos of the author on YT some time back. They were pretty much all spot on. People think their careers will save them, that they will never end and their wages will always be increasing to take care of their current and future debts.
Until their career doesn't.
That's also something that I don't understand though. I don't expect anything to ever go right without my personal intervention so I'm always on the lookout for something that I could do better. Heck, even with my degree and skills I wouldn't trust a job in ML/Stats to last for the next 10-20 years without picking up a lot of extra skills along the way. Things move way too fast, especially now. And then there's always the little twats that play those bullshit games that could stunt your progress in a company and end up costing you years of your life in terms of advancing forward. It just seems to be the most sensible to make sure that the worst case scenario in one's life (force majeure type events excluded) would be the minimum that one would consider passable as a living standard. Yet people keep demanding to be spoon-fed that standard without actively pursuing it. Almost makes me wish that natural selection weeded them out, but then we'd have no worker ants, so maybe they're just necessary the way they are? Life's weird. |
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Icygreen
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February 16, 2018, 03:03:23 PM |
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Yer nailin' it today Torque. I'm with ya. Thought about copying it for some family members.
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d_eddie
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February 16, 2018, 03:13:03 PM |
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It's also quite sad that financial literacy isn't being taught in schools, not even electively. And it could be easily taught in playful ways that anybody could pick up on too.
Agreed. But along with basic financial literacy coursework, the book "Rich Dad Poor Dad" should be required reading. Great book. I like your reads!  |
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BTCMILLIONAIRE
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February 16, 2018, 03:30:10 PM |
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Thanks for the link! (I'd send you a merit but you're already legendary and I only have one sMerit left.) Also, one of the comments on the video: quelorepario 2 years ago This is how I feel when I explain about bitcoin Still true today, haha. |
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Last of the V8s
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Be a bank
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February 16, 2018, 03:44:46 PM Merited by BobLawblaw (1) |
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Why did I just google that omfg stupid i am.
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Last of the V8s
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Be a bank
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February 16, 2018, 03:56:07 PM |
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Lol yes now waiting for the real brains of the entertainment industry to get it https://www.youtube.com/watch?v=LaHcOs7mhfUDavid Bowie predicted in 1999 the impact of the Internet in BBC interview |
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BTCMILLIONAIRE
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February 16, 2018, 04:08:30 PM |
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I had no idea that Bowie was so articulate and intelligent. What a contrast to today's "stars". |
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vroom
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a Cray can run an endless loop in under 4 hours
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February 16, 2018, 04:19:27 PM |
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Why did I just google that omfg stupid i am.
welcome to the internet |
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jojo69
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diamond-handed zealot
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February 16, 2018, 04:24:47 PM |
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I had no idea that Bowie was so articulate and intelligent. What a contrast to today's "stars".
Mr Bowie was the fucking MAN! Flatly rejected the offer of a knighthood also. |
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Millionero
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February 16, 2018, 04:25:18 PM |
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It's also quite sad that financial literacy isn't being taught in schools, not even electively. And it could be easily taught in playful ways that anybody could pick up on too.
Agreed. But along with basic financial literacy coursework, the book "Rich Dad Poor Dad" should be required reading. Great book. I like your reads! Here's a great one http://www.simonandschuster.com/books/The-First-National-Bank-of-Dad/David-Owen/9781416534259The guy who wrote it, David Owen, has pieces published frequently in The New Yorker. In The First National Bank of Dad, he describes how he gave his kids a hands-on education in financial literacy. It's really amazing. |
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Ibian
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February 16, 2018, 04:28:26 PM |
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Sometimes I seriously wonder if people have some unconscious desire to be poor and mediocre. They do. It's called a slave mentality, and it's why people like us are looked at as being somehow wrong. |
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JimboToronto
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You're never too old to think young.
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February 16, 2018, 04:37:56 PM Merited by BobLawblaw (1) |
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Good morning Bitcoinland. I see the battle for 5 digits continues... currently $10145USD/$12725CAD (Bitcoinaverage). A day or 2 more consolidation before continuing up, perhaps? Thanx. Saved it to read on the plane. Just scanned through the intro and it seems right on. For me it seems to be just reinforcing what I already figured out for myself or learned at the school of hard knocks long ago. Dropped out of art college in 1967, quit all 3 jobs I had in my life, 2 in less than 6 months, been job-free since 1977 (just say no) and have been living a fun life ever since. Sure, I made some mistakes along the way. At one point I had 4 mortgages on 3 houses. Never again. The only way I'll ever have a mortgage again is if I'm the mortgage holder collecting compound interest. I avoided owning a credit card for years but eventually broke down and got one (originally just to get a free t-shirt at the SkyDome!) which I only use for the internet, renting hotel rooms, cars, etc., and international travel. I pay it down immediately after using it. I'm proud to say Ive never received a statement with a payment due and never paid any interest except for a day or 2 on a cash advance. I pay cash for everything possible and haven't had a working bank account for years. I was doing just fine before Bitcoin earned me an obscene amount. Life is good. |
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Ibian
Legendary
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Activity: 2268
Merit: 1278
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February 16, 2018, 04:41:13 PM |
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Agreed. But along with basic financial literacy coursework, the book "Rich Dad Poor Dad" should be required reading.
Just looked it up, saw a couple videos of the author on YT some time back. They were pretty much all spot on. People think their careers will save them, that they will never end and their wages will always be increasing to take care of their current and future debts.
Until their career doesn't.
That's also something that I don't understand though. I don't expect anything to ever go right without my personal intervention so I'm always on the lookout for something that I could do better. Heck, even with my degree and skills I wouldn't trust a job in ML/Stats to last for the next 10-20 years without picking up a lot of extra skills along the way. Things move way too fast, especially now. And then there's always the little twats that play those bullshit games that could stunt your progress in a company and end up costing you years of your life in terms of advancing forward. It just seems to be the most sensible to make sure that the worst case scenario in one's life (force majeure type events excluded) would be the minimum that one would consider passable as a living standard. Yet people keep demanding to be spoon-fed that standard without actively pursuing it. Almost makes me wish that natural selection weeded them out, but then we'd have no worker ants, so maybe they're just necessary the way they are? Life's weird. My take is that we are still living according to tribal instincts. Goes something like this: The camp is a safe place, so far as that means anything in nature. It's where the women, children, weak men, cripples, sick and elderly stay. Outside the camp is constant life threatening danger, but it is necessary to go out there in order to kill some food. That's what the strong and brave men do, the risk takers, the ones who provide for everyone. Most people are campers. Weak, cowardly. r-types. The few of us who make it big in some form or other, be it in business or investment or whatever, are K-types. We are willing to bet it all in order to gain everything. Today, rather than have a sharp separation between the weak and the strong with associated duties and rewards, we all live in one big pile where the weak think they are entitled to the same as the strong, regardless of personal merit. That's why we always trend more towards socialism and communism, because everyone gets to vote. And here we are. |
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