The true 3 reasons why you won't be a millionaire | TheRedPill

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Bulba

Posted 3y ago in Finance - Permalink - Locked - 1.1K Views

You're in the wrong location and not willing to move to a place where you would be making more money.
You are in a dead-end job or a career with a middle class salary ceiling. In other words, you are in a career where the high end salaries are not negotiable.
You are not willing to either start your own business or to develop the skills required to be hired by big corporations that pay above market average.

You can apply these three points to basically any profession and see that most people will fall under some of them. Let's say you are a developer:

If you are not living in a major tech hub, you are out of the game. There are some exceptions, but remote work is overrated.
Academia is a classic example of a career in IT where salaries are not negotiable. You can't job hop between universities every two years.
Most developers don't want to take risks and start their own companies. They also don't want to develop the algorithm skills required in Big Tech interviews because these skills have a high maintance cost and they are completely useless for interviews with small startups or mid-sized companies.

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I wonder what the new word for millionaire should be for these types of discussions. Being a millionaire in a tech hub is more or less standard but it often also means living like a college kid with roommates. An unimpressive small home may be well over $1M. Probably takes 5, even 10M depending on location to provide the same luxurious lifestyle 1M did when it was still an impressive amount.

Starting companies is high risk and many tech hub vets that are rich but won't be on magazine covers will tell you the key to success is avoiding risk.

A seldomly mentioned pitfall of a tech hub career is being in a sausage fest combined with having little free time. These days, perhaps get some experience there and then try to bounce with similar pay but a remote position and go somewhere with available women.

whytehorse2021 3y ago

Tech is dead. Globalization killed it. Farming is the new tech. Also you can't get rich working for someone else. You must own the means of production.

Onestepeveryday 3y ago

How do you become rich plating potatoes? Or are you refering to cripto farming?

whytehorse2021 3y ago

You take out a huge loan and buy truckloads of seed potatoes, drive a machine that sticks them in the ground, let them grow, drive a machine that digs them up and puts them into trucks, then you sell them at a profit. Make payments on your loan and keep the rest. Farmers in 2022 live in mansions.

Onestepeveryday 3y ago

Jajaja never saw a rich farmer, at least not a normal one. Almost all my country GDP comes from farming and husbandry, maybe we sell so cheap to the exterior, that its harder to get rich that way.

whytehorse2021 3y ago

In the US it's very profitable and we export to cheap places like China. Where I live we have a lot of cherry orchards and they are selling that fruit for more than chicken and pork. $3/lb. They always sell out too.