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Lot of very interesting advice, but I think it fails at its stated goal of "How to get rich without getting lucky". Much of the advise is extremely hard to foll
by whack 8y ago
Lot of very interesting advice, but I think it fails at its stated goal of "How to get rich without getting lucky". Much of the advise is extremely hard to follow and implement. For example, how can someone reliably "arm yourself with specific knowledge" if "specific knowledge is knowledge you cannot be trained for"? This is very hard to pull off, and most people will not succeed at this, even if they work very hard at it.
Here's a much more reliable recipe for getting rich: Study your ass off in school. Do whatever it takes to graduate with a stellar GPA, and letters of recommendation. Attend the best University you can get into, with above credentials. Pick a major with a proven track record of financial success, such as Medicine/Software-Eng/Accounting etc. Get a job at a brand name company. Continue working your ass off to impress your manager and colleagues. Switch companies every 3-5 years, to maximize your compensation.
You're not going to be featured in any newspaper if you follow the above strategy. But you can certainly become a multi-millionaire, even in your late 30s.
- kostarelo 8y agoAre you going to be a multi-millionaire by working as Medicine/Software-Eng/Accounting employee?
- whack 8y agoYes
- kostarelo 8y agoCan you elaborate, please?
- whack 8y agoIf you're working at a FAANG company or equivalent in SF/NYC/SEA, you can get to $250-350k in total-compensation before you turn 30. If you save and invest a big chunk of this money in your 20s and 30s, you can plan on being a multi-millionaire by your 40s.