Survey shows people no longer believe working hard will lead to a better life

That does not sound right. For 240k you would need to charge 120 an hour work full 8 hours every day every workday of the year. And that's before you paid a penny in taxes. And that is all given you work independently for yourself. Hard to achieve unless you are a super in demand electrician somewhere in a large affluent city

easymon1 said:
Gotta love it.
Just today, heard on the radiooo that plumbers are pulling down 180K+, electricians 240+. That'll buy a few VI pizzas, lol.

First work smart, Then work hard. 80/20, Plan your work and work your plan. Hell that's a decent idea for a thread. lol
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You will be surprised how much agricultural products fetch these days. But I am not farming nor ranching in the traditional sense. I just bought lots of land and a lot with a workshop and lots of storage for all the toys.

deaddog said:
Now you'll be able to ranch until the moneys all gone. :)
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the bootstraps fallacy comes apart when people snap out of the "trickle down" spell and wake up to piss and not dollars.
 
DiceAreCast said:
I believe it's a combination of the definition of hard work deteriorating (which leads people to think they work hard when they actually don't which does not necessary lead to desired results) and also that broad based opportunities are vanishing in exchange for lottery like probabilities and payouts. Society is trying to convince everyone that only top awards are worth chasing after, what it fails to explain is that there can only be very few winners. Resulting disappointment and disillusionment should not come as a surprise.
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Exactly it has been structured like MLM matrix payoff - structured so that you have a few big winners to show it's possible and make the money off everyone else.
 
Scataphagos said:
If you want to "make it", you either have to have some special talent or be willing to do what others won't.
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Poor and middle-class people work for their money.

Rich people, on the other hand, do the exact opposite, they make their money work for them, using other's people money and paying almost no taxes, legally.

That's their secret right there... :cool:

The idea that "hard" work will surely produce wealth at the end is completely obsolete.
 
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deaddog said:
Especially in trading.

Work smart not hard!
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Exactly.

In fact when we trade leveraged financial instruments we are basically using our broker's money to get rich.

Same thing if you put $20K down to buy a $200K house (with the bank's money) and then use the monthly rental income you get from your tenant to pay the monthly mortgage.

Soon your house will be paid in full (your tenant is paying for it) AND you will also have a positive cash flow each month.

Then rinse and repeat...

Vast real-estate fortunes have been amassed that way, with extremely modest (or even no) starting capital
 
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