3 ms·

First econ lesson: Don't pay $3.99/m for study material that has never been confirmed to be useful. There's plenty of free resources, right now, that are much m

First econ lesson: Don't pay $3.99/m for study material that has never been confirmed to be useful. There's plenty of free resources, right now, that are much much better. This looks like a pure money grab, vibe-coded in the shortest possible time with, likely, vibe-generated study material.

BrenBarn 1y ago
It's another form of the "How to Get Rich Quick" book where the answer is "Write a book about how to get rich quick".
- lelanthran 1y ago
  > It's another form of the "How to Get Rich Quick" book where the answer is "Write a book about how to get rich quick". I dunno if you're joking (or only semi-serious), but, TBH, the largest number of "how to grow your business" courses are all based on how the author/presenter grew a business around a book/video/content called "how to grow your business". A good example of this is the "Stacking the bricks"(sp?) thing. I looked into so many of these paid courses, and the only experience the author is demonstrating is "how to make money teaching a course on how to make money". There's an entire, almost incestuous, industry around this, with each "business-person" referencing other business-people's success stories using their "how to grow your business" course in their own "how to grow your business" course, with testimonials from course-completers who made some money out of their own "How to grow your business" course. From the outside, it looks almost looks like a pyramid, but on closer inspection it appears to be undirected cyclic graph. [EDIT] I expect all this to collapse soon, as the cost of producing this useless material is now approaching zero. This means that the participants in this network can now each "produce" new material on a minute by minute/hour by hour basis. When the production of a product is close to zero AND the utility to the consumer is also zero, there is no way for anyone in this network to make money anymore, because the new entrants will be so overloaded with choices (millions of different courses to choose from) that they may never enter the network at all.
  - toast0 1y ago
    > When the production of a product is close to zero AND the utility to the consumer is also zero, there is no way for anyone in this network to make money anymore, because the new entrants will be so overloaded with choices (millions of different courses to choose from) that they may never enter the network at all. Just because it doesn't work, doesn't mean we won't see it everywhere because the cost is still zero. It's like catalytic converter thefts... Most places cracked down on sales of stolen converters, so there's no money in it anymore, but people still steal them cause they heard you could make money.
    - lelanthran 1y ago
      > Just because it doesn't work, doesn't mean we won't see it everywhere because the cost is still zero. I meant the opposite when I said "collapse" - because we will be inundated with it (i.e. it will be everywhere), new entrants will be inured to it and simply not enter. In the past, these networks had a health influx of new blood on a regular basis. It's hard to maintain this pipeline if every member is producing a 1000 books a week.
Anonyneko 1y ago
What are some of those resources? Asking ̶f̶o̶r̶ ̶a̶ ̶f̶r̶i̶e̶n̶d̶ for myself.
- refurb 1y ago
  The Boglehead wiki is a great resource. Beyond the investment wiki pages, it has other pages on personal finance. It ranges from a pretty basic level up to more advanced. Just solid, basic financial information that works for most people.
  - majora2007 1y ago
    To add on, r/financialindependence has a good wiki that will also link back to Boglehead, but can cover some of the more advanced concepts and tie it into the FIRE movement (even if you don't want to RE).
imtringued 1y ago
I'm pretty sure the first lesson will be that you're a sucker and you could have gotten the same content for free if you went to "https://econteen.com/<free_content_path> https://econteen.com/<free_content_path>".
Chrisjackson4 1y ago
You are right on some of these points. We have been working on this project for over a year now and take every piece of feedback seriously. We have logged all the feedback from this version 2.0 launch and have begun to work on a massive overhaul, that of which will include a much cheaper/free method to view the content. As well as better quality content, our team has been working with students at Georgia tech & other universities to begin this process. Thanks for your feedback, and thank you for helping us make EconTeen better.

BrenBarn 1y ago

It's another form of the "How to Get Rich Quick" book where the answer is "Write a book about how to get rich quick".

lelanthran 1y ago
> It's another form of the "How to Get Rich Quick" book where the answer is "Write a book about how to get rich quick". I dunno if you're joking (or only semi-serious), but, TBH, the largest number of "how to grow your business" courses are all based on how the author/presenter grew a business around a book/video/content called "how to grow your business". A good example of this is the "Stacking the bricks"(sp?) thing. I looked into so many of these paid courses, and the only experience the author is demonstrating is "how to make money teaching a course on how to make money". There's an entire, almost incestuous, industry around this, with each "business-person" referencing other business-people's success stories using their "how to grow your business" course in their own "how to grow your business" course, with testimonials from course-completers who made some money out of their own "How to grow your business" course. From the outside, it looks almost looks like a pyramid, but on closer inspection it appears to be undirected cyclic graph. [EDIT] I expect all this to collapse soon, as the cost of producing this useless material is now approaching zero. This means that the participants in this network can now each "produce" new material on a minute by minute/hour by hour basis. When the production of a product is close to zero AND the utility to the consumer is also zero, there is no way for anyone in this network to make money anymore, because the new entrants will be so overloaded with choices (millions of different courses to choose from) that they may never enter the network at all.
- toast0 1y ago
  > When the production of a product is close to zero AND the utility to the consumer is also zero, there is no way for anyone in this network to make money anymore, because the new entrants will be so overloaded with choices (millions of different courses to choose from) that they may never enter the network at all. Just because it doesn't work, doesn't mean we won't see it everywhere because the cost is still zero. It's like catalytic converter thefts... Most places cracked down on sales of stolen converters, so there's no money in it anymore, but people still steal them cause they heard you could make money.
  - lelanthran 1y ago
    > Just because it doesn't work, doesn't mean we won't see it everywhere because the cost is still zero. I meant the opposite when I said "collapse" - because we will be inundated with it (i.e. it will be everywhere), new entrants will be inured to it and simply not enter. In the past, these networks had a health influx of new blood on a regular basis. It's hard to maintain this pipeline if every member is producing a 1000 books a week.

Anonyneko 1y ago

What are some of those resources? Asking ̶f̶o̶r̶ ̶a̶ ̶f̶r̶i̶e̶n̶d̶ for myself.

refurb 1y ago
The Boglehead wiki is a great resource. Beyond the investment wiki pages, it has other pages on personal finance. It ranges from a pretty basic level up to more advanced. Just solid, basic financial information that works for most people.
- majora2007 1y ago
  To add on, r/financialindependence has a good wiki that will also link back to Boglehead, but can cover some of the more advanced concepts and tie it into the FIRE movement (even if you don't want to RE).

imtringued 1y ago

I'm pretty sure the first lesson will be that you're a sucker and you could have gotten the same content for free if you went to "https://econteen.com/<free_content_path> https://econteen.com/<free_content_path>".

Chrisjackson4 1y ago

You are right on some of these points. We have been working on this project for over a year now and take every piece of feedback seriously. We have logged all the feedback from this version 2.0 launch and have begun to work on a massive overhaul, that of which will include a much cheaper/free method to view the content. As well as better quality content, our team has been working with students at Georgia tech & other universities to begin this process. Thanks for your feedback, and thank you for helping us make EconTeen better.