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Snoop187

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Thread created on Fri Jan 04, 2013 22:17:29
Last replied to on Sat Jan 05, 2013 05:26:07
Do you agree with anything that was said in the article? If you did or didn't discuss below and let me know! www.stevepavlina.com/blog/2006/07/10-reasons-you-should-never-get-a-job/


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Mr_Capitalist

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Posted on Fri Jan 04, 2013 22:25:20
Realistically, yes. Ive skimmed that article in the past and based on my memory of it, the author mentions investing in stuff in different parts of the world to generate income while the world turns. Again, based on memory.

Most major financial institutions do this, but for an individual without the resources of those institutions it is must more risky. For example, lets say Barclays is trading on the NIKKEI index, they can purchase derivatives(risk management tools) on those investments that a private investor generally cannot do.

In real practice it works, but only if you have the resources.

Later on in the article i recall him mentioning to provide a service, not everyone is capable of providing a service, nor can they be trained equally. If everyone was capable of being a doctor, being a doctor wouldnt be so special, would it?

The overall tone of the article is a bit condescending even though it does have some validity to it.

In the end, i ask you to consider this:
If everyone did what this guy did, who would work in the companies he invests in? Our economy is built on the idea that workers produce while entrepreneurs gain profit for their risk, if no workers existed nothing would be produced. So in reality, on the scale this dude mentions, is impossible.



Last Edited: Fri Jan 04, 2013 22:26:48

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GatorRage

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Posted on Fri Jan 04, 2013 23:06:58
at first, i was like "this is ridiculous, another shitty thread and probably another shitty link" but then i clicked it, skimmed it, loved it and bookmarked it for later.
Very interesting points but if you are not a genius like cheddy or other successful entrepreneurs, who can create a gigantic cashcow at will, you should stick to what's easy and go get a day job.

Last Edited: Fri Jan 04, 2013 23:13:19
Gator don't play no more, but she still want some walking around money, you know what i'm saying?
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Bueno_Excelente

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Posted on Fri Jan 04, 2013 23:27:16

Having done work for a similar "entrepreneur" in the past, I can guarantee there's a tidy array of unpaid contract employees and suppliers left in the wake of his "exploration" of personal bliss.



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BuckWyld

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Posted on Fri Jan 04, 2013 23:54:48
The whole problem with this article is. If no one is "working" to generate an income. Who gonna purchase the "goods" these entrepreneur's are advertising.

labor is the backbone of any economy, without it there is nothing for anything/anyone else to build from.

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Aramis

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Posted on Sat Jan 05, 2013 05:26:07
He writes good argument. But be reminded that he focused too much on the extreme level emotional dilemma of a blue collar employee in a corporate business: low pay, huge job hours, and on the verge of getting "the walk out". His arguments is all based on logical fallacy, ignoring some other influencing factors. i.e. does he mention about workers contract?

"Why desperately become a slave just to get active income while you can get passive income instead?" True and but. Don't forget that jobs that yields passive income requires talent, capital, and experience as well. Writing, stock market, and probably blogging, only a few would make good return in amount of what the writer scribble in his blog. Being well known and well liked needs time and luck. Do you have enough money to preserve yourself while getting to this point?

In conclussion, I say the writter has been/is living in a slacker's paradise where money is coming when you are doing almost nothing, while ignoring many other important factors. While passive income is cliche idea of living, he forgot that in this era it is the best for a head family to have BOTH active and passive income as assurance for the uncertain future.




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