Yes. All the smart people are going into tech, finance, and sales roles. Not because they will make a greater difference there, but because it is more financially rewarding.
I am a mechanical engineer and I am actually wondering if I need to pivot to sales or commercial real estate because engineering wages are not keeping up with other fields - yet engineering can be incredibly demanding and lead to burnout.
I know my services are best used as an engineer solving real world problems - but the incentives are undoubtedly elsewhere.
Why the wildfires are burning and there's no one competent to stop them.
We live in two worlds, the real and fake ones.
Eight guys who have done OK in life at a cigar shop in Miami. The chairs are comfortable and the music is good. I ask what they do for a living.
“Real estate investing,” “Private equity,” “Sales.” No one worked on planes, trains, or automobiles. Therein lies the problem.
We live in two worlds, the real and fake ones.
Money is fake. Or socially constructed if that’s how you prefer it. We’ve all agreed that these pieces of paper matter. Our agreement is strong enough that without money, you will die.
Malaria is real. It will kill you. This isn’t something we have to all agree on. Reality exists outside of social agreement. Get bit by a mosquito. Die.
You need fake money to solve real problems, for example it costs money to produce, distribute, and acquire anti-malaria medication.
Most of the smartest people are going into the fake world, because it’s Infinite.
People who go into finance have unlimited upside.
Why then would people want to work real jobs, which require mental horsepower and college degrees, when they could work in the fake world of finance, sales, and e-commerce?
IQ tests used to solve this problem.
In the olden days, you didn’t need a college degree to get a real job. You took an IQ test to get a job. In Griggs v. Duke Power Co, the far left wing Supreme Court all but outlawed these tests.
Employers started to required university degrees for jobs that a smart and ambitious 19 year old could have begun learning via on-the-job training and mentorship.
All the smart kids were forced to attend college. Most of them realized, “If I am going to go through all this hassle, I may as well sell insurance for State Farm upon graduation.”
Banning IQ tests for jobs, more than any other policy, hollowed out the middle. Millions of smart kids got left behind. We should care not for their sake, but our own.
The forgotten kids.
Standardized tests (a rough measure of IQ) were given to kids, who were then sorted or tracked into gifted programs.
It was to my own shock, as well ass my friends, that I was in the “preppy homeroom” for junior high. I scored well on those tests, even through my grades were always mediocre.
My parents were religious fundamentalists who didn’t put much value on school grades. (Maybe they were right.)
Anyway, I got tracked into the more advanced homeroom. This was typical of that era. Identify smart kids who may be in difficult or unusual circumstances, and try to push them up. All of society benefits when you identify and promote the higher IQ.
Now those gifted kids will be forgotten.
We have also agreed to shift resources from identifying greatness for other priorities.
Most won’t have the grades to attend college, or maybe they didn’t do their homework or have the prerequisites. They can’t test their way onto a job. Either they go to college, which is out of reach for most who grew up in my circumstances, or they fall though the cracks.
Society doesn’t care, as “flyover people” are seen as not really human.
As infrastructure crumbles, all will pay the piper.
When you put the fake world ahead of the real world.
Transportation Secretary Pete Buttigieg worked in the fake world of Harvard and consulting. Consultants do not improve business outcomes. They exist as a way to give cover to an executive team by saying that the executive team’s strategy is the correct one. This also means you can’t fire the executives for failure because the consultants agreed it was the right move.
Where do you suppose “Mayor Pete’s” priorities are?
Roads and train tracks can’t get more real. Polluted water is as real as it gets.
Racial identity politics are part of the fake world. We only get to fight over nonsense when infrastructure is strong enough to support our bloated selves.
The country has decided that the fake world matters more than the real world.
“T.I.V.” comes to U.S.A.
My wife and I lived in Vietnam for a spell. When the internet was down, or the power went out, people would say, “TIV.” That stood for This is Vietnam, in other words shrug your shoulders and accept it.
Vietnam is on the rise, and in twenty years from now, you won’t be saying TIV.
We will be saying TIA.
This is America.
@ConradEduard@yonann 7 semesters juco, I worked and paid for school as I took my basics a few classes at a time. Then used loan to knock out the last 2 years in 4 semesters.
5 & 1/2 yrs total. You were right about that part.
The MSM would not be reporting on fraud in the 2020 election, unless they absolutely had to.
MS NOW would not make that up. The only reason they are reporting on it, is so they can get in front of it to convince their sheep that Trump is going to be lying.
They are panicking. They are desperate to preemptively establish the narrative that the intelligence Trump and his team are going to reveal, is not real, hence why they are using the phrase “Trump will CLAIM”, as if to say his claims are not based on actual intelligence or the result of all the investigations.
The MSM would not make up a story about foreign influence in the 2020 election, and if they did, the Trump White House would call it out as fake news. The MSM would not draw attention to this whatsoever, unless they had no choice, because they know it’s coming.
This address to the nation perfectly lines up with the FBI deadline for the ongoing raid in Fulton County, which is Friday.
It’s happening.
@yonann I knocked out all my basics at a juco and got my BSME at a small school you’ve never heard of. Graduated w 13k debt that I paid off first year of work.
6yrs into my career, no one cares where I went to school anymore
@ConradEduard@yonann I knocked out all my basics at a juco and got my BSME at a small school you’ve never heard of. Graduated w 13k debt that I paid off first year of work.
6yrs into my career, no one cares where I went to school anymore
@HumptyDrumpf@yonann I knocked out all my basics at a juco and got my BSME at a small school you’ve never heard of. Graduated w 13k debt that I paid off first year of work.
6yrs into my career, no one cares where I went to school anymore
@ShannonH750@HumptyDrumpf@yonann I took all those classes at juco.
I have a BSME and graduated with only 13k debt.
6years into my career, no one cares where I went to school anymore
Is anybody else being spammed called 20 times a day saying “Hi this is Olivia from the loan processing approval department. We have your loan ready. Please give us a call.”
I didn’t apply for a loan. And somehow no matter how many numbers I block, they keep calling me from a different number.
How do I fix this?
Appreciate the response! I will give that some thought; however, a 1 bedroom would not work for us as I am about to get married and work from home 50% of the time doing engineering work (O&G Houston). Wedding in April, then Planning to buy next fall so we can put 20% down. Also will likely have our first kid in next 18-24 months. Need atleast 2 bedrooms.
^This is why I’m thinking either duplex or triplex. Need enough space for home office and first kid - and need to be descent enough area to feel safe having wife & kid live there. I’ve also heard you tend to attract better tenants with a duplex. I’m ok with covering 40-45% of mortgage while I live there (if duplex) as I have good income and would still be able to quickly save for 20% down payment on next home in ~2yrs.
Ultimately just want the rental mortgage paid by tenants (+ couple hundred $ cash flow) once we move in to second property. Open to additional advice if you have any 👍
250 years ago our greatest grandfathers beat the dogshit out of the most powerful military on the planet over a 3% tax and now we can’t deport 100 million immigrants that hate us because women and gays think it would be mean
Today, on America’s 250th birthday, Susan and I are celebrating by giving $250 each to the first 25 million qualifying American children who sign up for their @InvestAmerica24@TrumpAccounts.
This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism. Through this public-private partnership, we’re giving the next generation a real stake in our economy and a path to the American Dream: education, a first home, starting a business, and building lasting wealth.
It unites us all in hope and optimism for every child’s future.
Happy 250th Birthday, America! 🇺🇸
https://t.co/Jd7nb98JDT
To the Americans:
I've travelled all over the world. I've familiarized myself with many places, and met many people. And I'm a Canadian, although I’m privileged to reside once again in the States.
And here's something I've noticed, and it’s a key element of America's continuing greatness:
You bloody Americans value success, and you believe in its existence.
This is something that doesn't really happen anywhere else in the world. Even in other free democracies—the United Kingdom; Finland, Sweden, and Norway; Australia, New Zealand and Canada; Germany, France, and the Netherlands (great countries all)—a counterproductive cynicism too often reigns.
Success is equated with exploitation.
Ambition is looked upon with contempt.
This happens sometimes in the United States too—particularly among the miserable progressives, who confuse their resentment, ingratitude and unearned skepticism with wisdom.
But in your great country, by and large, striving is admired and success celebrated.
This means that more people strive and succeed in the US than anywhere else. And it's increasingly obvious. You remain stunningly more innovative and productive than any people anywhere else on the planet.
And so I say, as all should who are fortunate enough to live in the western world, let alone America:
Thank God for the United States.
Thank God for the wisdom of its founders.
Thank God for its faith in the free market and in the natural rights of man.
Happy birthday, you damn Yankees and Southerners.
Long may your admirable country dominate the world.
Long may your freedom and hope provide an example to those suffering everywhere at the hands of their malevolent states.
May your two and a half centuries of unparallelled success be just the beginning.
Your country is the light of the world, and the city on the hill.
Thank God for the USA.
Happy 250th.
Dr. Jordan B. Peterson
@Abomination81 It involves some risk but The math works out assuming you have a descent interest rate on car. Also need to make sure you have a solid rainy day fund (3-6months) in case you lose job/income - that way you don’t have to liquidate investments to cover payments.
I believe you receive yearly payout of the company’s profit based on your share percentage (for as long as you work there and hold share).
Based on what I’ve heard, it sounds like every 1% can equate to ~50k+ per year on top of your regular pay, varies yearly.
So 1% share may not be life changing, but 2-5% starts to become pretty substantial. 5-10% share could make you a millionaire pretty quickly.
Consulting pays well but unless you get profit share/equity it still has limited upside compared to sales, real estate, etc
I am fine with staying in engineering for my career but do want to invest in real estate and/or businesses so I’m not dependent on W2 until i retire. We’ll see.