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The core message is true: If you get a high paying job, keep expenses low, and invest the difference then you will accumulate wealth over time. But this isn’t
by PragmaticPulp 5y ago
The core message is true: If you get a high paying job, keep expenses low, and invest the difference then you will accumulate wealth over time.
But this isn’t a secret. It’s the dream of a significant majority of the young CS students and grads that I’ve worked with as a mentor lately. They all grew up with the internet. Most of them know about Mr. Money Mustache or another FIRE blogger.
Yet very few of them end up moving to the country and doing high paying remote work. They all learn very quickly that remote companies aren’t in a rush to give $200-300K compensation to new grads with zero real world experience who live so far from the office that they have to do everything remote.
So instead they move to cities with jobs, where they meet people, establish friend groups, and eventually settle down with a partner. They also discover that full-time jobs are actually very nice right now, or that we’ll-paying full-remote contract work isn’t as easy to come by as blogs make it sound.
I do know a few people doing the remote work / country living thing, but they’re all building on top of decades of experience and reputation building to get those contracts.
In general, be skeptical of anyone selling an “it’s easy” vision of getting rich and not working hard. If it was truly easy, more people would be doing it. Usually these pitches are associated with people “selling the dream”, which is why this particular pitch is attached to a Substack that the author wants you to subscribe to in order to learn the secrets. Take with a grain of salt.