Incoming Recession 2022/2023

[jaygreenb]

I think this is why so many people are low wage earners, like factory, janitorial, etc.... What if one hasn't discovered their natural abilities, and their interests don't align with their abilities.. People that find their passions, and know what their natural abilities are, are more successful... Most aren't lucky enough to find passions, or what they're good at, meanwhile that quicksand of low wage life is just getting harder to climb out of.

Some of that is just taking the initiative to try new things and the other is making the best of a situation. A lot of satisfaction for me also comes from being highly skilled and competent in what I do, that just takes time. I get a lot of fulfillment to in running the business in way that reflects my values, I enjoy the relationships I have with my employees/clients. The exact field I am in isn't specifically what I am passionate about. There are also a lot of headaches and issues I have to deal with too though, just have to make the best of it.

 

[BackInTheGame78]

Hindsight is 20/20 isn't it....


What if unforeseen situations caused you to be miserable with what was once a passion? Money was never good, but since you liked doing it, it was worth it, until that situation manifested....

You said it yourself learning to be a developer would be foolish if one didn't have a passion for it, especially if they couldn't fund the schooling in the first place...

This is presumptuous. How can one save, if they're stuck in a situation that prevents any meaningful savings. That's the quicksand of low wage life....

You are going to have to decide if you want your life to be one full of excuses or full of new opportunities. Can't be both but you have to make that decision yourself.

Right now it's going to be one filled with excuses.

 

[BackInTheGame78]

How do you recognize a field that pays well, that's a safe bet to invest your time in when you don't have any savings? I'm sure the developers that didn't have a passion for that field recognized it as paying well, though as backinthegame says they didn't have the passion, so they didn't advance to stability/financial success as he did because it's his passion.

What is it that you like doing? Something you'd do for free even if they didn't pay you to?

Answer that question and then look for something that has to do with that. You'll improve far quicker than you will at something else because you'll want to do it rather than have to do it when learning what you need to

 

[BillyPilgrim]

I struggle with this everyday... Like you said, in another post, life is too short to be miserable at your job everyday. Since I got boxed out of the field I had a former passion in. I'm struggling to find a passion to determine the route to take. I know of one thing, but don't have money for it. Suppose I'm interested in becoming a helicopter pilot, I don't have savings, how do you suggest I break into that industry? I have no skills aside from the industry I was boxed out of, and those skills are not transferable to anything else. It'll cost between 80-100k to become a pilot. One can only get like 1-5k in grant money towards it.

Real question DJR, have you taken shrooms before? It can be a key to self-discovery for a lot of people.

 

[BackInTheGame78]

The only thing is weight lifting, but the advice from most bodybuilders, is personal training has no money in it. Not to mention that's one of the first things people will abandon when times get tough(which I think they will). Also, I don't feel nearly competent enough to advise others when money is involved, and don't have the experience to train a number of different scenarios that will present themselves in clients...

Something that I started doing when the pandemic was in swing and I couldn't go to the gym was workouts called Basement Beasts by Fabian Petrina.

Dude created a whole experience out of nothing online and now sells subscriptions that includes workout programs, nutrition plans, bands, etc ..dude created all of it from nothing...

Dude was hilarious, engaging in the videos and most importantly knew his stuff and they were effective.

Start thinking outside the box on how you could build something maybe

 

[BackInTheGame78]

Haha absolute balls.

If you’re born a Rothschild, you got very lucky indeed

Truth is the vast majority of wealth in this world is dynastic and inherited. Every smart person knows this.

You are talking a very small percentage of people in the overall population and ignoring the huge percentage of people who came from northing that made their own way

Another excuse maker I see. This board is filled with them. Sad this is how the younger generation chooses to live their lives.

 

[jaygreenb]

Haha absolute balls.

If you’re born a Rothschild, you got very lucky indeed

Truth is the vast majority of wealth in this world is dynastic and inherited. Every smart person knows this.

That is such a low percentage of people who get that head start, 80% of millionaires are self made. Just something I have noticed personally, those who just had it handed to them don't typically have the work ethic to do it on their own. There is a great book called The Millionaire Next Door, it gives a full statistical breakdown of traits and habits.

28 Millionaire Statistics: What percentage of Americans are millionaires?

How many millionaires are there in the US? Check out the latest stats to find out what percentage of Americans are millionaires.

spendmenot.com

.

 

[BackInTheGame78]

That is such a low percentage of people who get that head start, 80% of millionaires are self made. Just something I have noticed personally, those who just had it handed to them don't typically have the work ethic to do it on their own. There is a great book called The Millionaire Next Door, it gives a full statistical breakdown of traits and habits.

28 Millionaire Statistics: What percentage of Americans are millionaires?

How many millionaires are there in the US? Check out the latest stats to find out what percentage of Americans are millionaires.

spendmenot.com

.

It's the young generation looking for any excuses they can cling to that explains their position in life so they don't have to hold themselves accountable.

Nobody has their whole life including their parents most likely, why start now as adults?

 

[BackInTheGame78]

That's another point.... All the paid online programs kinda make personal trainers obsolete. Not to mention would you have trusted his program if his physique wasn't impressive? I don't have the physique to sell myself like that....

I mean that's something you would need to work on then. It would be like me trying to be a software engineer without having a computer.

 

[jaygreenb]

It's the young generation looking for any excuses they can cling to that explains their position in life so they don't have to hold themselves accountable.

Nobody has their whole life including their parents most likely, why start now as adults?

Seems most people want a short cut or cheat code when reality its lifelong grind. Usually decades worth of making smart decisions, continual education, constant adjustments and forming good habits. Even if someone gets lucky and gets it fast they don't develop the proper tools to manage it and goes just as quickly. You really have to just embrace the journey and process. I think social media really skewed most people's perception on what it takes and what is realistic.

 

[Bigpapa]

That is such a low percentage of people who get that head start, 80% of millionaires are self made. Just something I have noticed personally, those who just had it handed to them don't typically have the work ethic to do it on their own. There is a great book called The Millionaire Next Door, it gives a full statistical breakdown of traits and habits.

28 Millionaire Statistics: What percentage of Americans are millionaires?

How many millionaires are there in the US? Check out the latest stats to find out what percentage of Americans are millionaires.

spendmenot.com

.

from a statistical point of view you just ignore the rest of the people who have maybe the same traits as the self made rich guys , just that they do got to the point of being rich

 

[Travel memoir21]

The game is rigged but that don't mean you have to play by the rules

I routinely shoplift items from the big supermarkets in my area .....they increased prices by 30% over night after recording record profits during the lockdowns

Sorry don't wash with me my income ain't increasing 30% somethings gotta give and that something is my willingness to act as a good little citizen

Also involved in varying degrees of tax avoidance

There are some very tough times coming and if anyone is in debt they are going to get destroyed as cheap credit ends and becomes extremely expensive

My advice do as our esteemed leaders do

Lie , cheat and steal from the system dog eat dog world

You shop lift? Doesn't the door detectors come on when you exit?

 

[jaygreenb]

from a statistical point of view you just ignore the rest of the people who have maybe the same traits as the self made rich guys , just that they do got to the point of being rich

Yeah, funny thing is some of the worst people with money are doctors and lawyers. Their finances are often a mess for number of reasons. There are plenty of people who just have good financial habits who aren't technically "rich" but they are very comfortable and in good shape. It really isn't that hard. Develop a skill to make 75K+ yr(usually takes a 3-5yr commitment), don't go to jail, don't have children out of wedlock, avoid consumer debt, buy used cars and avoid or minimize your car payments. Have roommates through your 20s. Save a minimum 15-20% of your income and increase that savings rate without lifestyle creep if pay increases. If you can get your income to 150k+ you will be well on your way to millionaire if you are consistent.

 

[Bigpapa]

Yeah, funny thing is some of the worst people with money are doctors and lawyers. Their finances are often a mess for number of reasons. There are plenty of people who just have good financial habits who aren't technically "rich" but they are very comfortable and in good shape. It really isn't that hard. Develop a skill to make 75K+ yr(usually takes a 3-5yr commitment), don't go to jail, don't have children out of wedlock, avoid consumer debt, buy used cars and avoid or minimize your car payments. Have roommates through your 20s. Save a minimum 15-20% of your income and increase that savings rate without lifestyle creep if pay increases. If you can get your income to 150k+ you will be well on your way to millionaire if you are consistent.

the key aspect is cash flow

very Simple example , if you want to buy the new Mercedes’ or just a second hand one put the money into down payment for an apartment and then use the rent tk pay the car

technically it is the same , practically it is not as the money were invested in towards something that generates money rather than something that will decrease in value

and if you can not put the down payment for an apartment that can cover up at least the monthly lease of a nice car , then it means that you are just to poor to buy a nice car

 

[Xenom0rph]

Fellas, the incoming economic calamity is no joke. This is not the time to live in a bubble and dismiss everything as a conspiracy theory, we simply don't have the luxury of naivete anymore.

The best advice I can give is to surround yourself with family and friends you can trust and ignore all troublemakers, drama queens, narcissists, leeches, deadbeats.

Be ready to ask for help from family/friends when you need it, and be ready to offer help to family/friends when they need it.

 

[jaygreenb]

Fellas, the incoming economic calamity is no joke. This is not the time to live in a bubble and dismiss everything as a conspiracy theory, we simply don't have the luxury of naivete anymore.

The best advice I can give is to surround yourself with family and friends you can trust and ignore all troublemakers, drama queens, narcissists, leeches, deadbeats.

Be ready to ask for help from family/friends when you need it, and be ready to offer help to family/friends when they need it.

Agree with this. Interesting times ahead, best to prepare in all areas.

 

[BackInTheGame78]

You shop lift? Doesn't the door detectors come on when you exit?

He starts blasting this song as he is doing it...

So @Bingo-Player ...do you wear the whole fake pregnant belly and the dress with makeup on so you can stuff the items in there? Or are you like the dude riding the kiddie horses in the beginning of the video??

"He walks right...
Through the door...
Walks right through the door...
They don't mind...
It's mine...mine all mine!"

 

[Pierce Manhammer]

We used to joke in prepper forums about having livestock and a guy with precious metals wanting to buy a laying hen, and saying “that’ll be a $20 Lib”.

I quadrupled my money from 07’-12’ selling battle packs of .308’s I’d bought for between .08-.16$/round for $1.00-1.25 a round. (SA), I had 50k rounds…. Kept the Radway and Port.

During that time iirc gold went from $325 to $1100 - haven’t looked to see where it is now. About the same return give or take.

 

[jaygreenb]

He starts blasting this song as he is doing it...

Wondering does he wear the whole fake pregnant belly and the dress with makeup on so you can stuff the items in there

"He walks right...
Through the door...
Walks right through the door...
They don't mind...
It's mine...mine all mine!"

 

[BackInTheGame78]

We used to joke in prepper forums about having livestock and a guy with precious metals wanting to buy a laying hen, and saying “that’ll be a $20 Lib”.

I quadrupled my money from 07’-12’ selling battle packs of .308’s I’d bought for between .08-.16$/round for $1.00-1.25 a round. (SA), I had 50k rounds…. Kept the Radway and Port.

During that time iirc gold went from $325 to $1100 - haven’t looked to see where it is now. About the same return give or take.

It's around 1900 or so