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Re:I am done. I give up by moooo99 on Friday December 23, 2022 @11:30AM (#34107585)
> This is just startup porn. It’s the same in any category (make money flipping houses!, crypto!, etc.) As a rule of thumb, assume 99% of influencers are full of shit. Stay off instagram.

This 100x! Many of the big influencers in these indie/startup/productivity niches seem to earn a lot of money at first sight. If you look deeper, a lot of these influencer seem to be making a lot of money from courses they are selling instead of operating the business they sell courses about.

Re:I am done. I give up by KETpXDDzR on Friday December 23, 2022 @12:06PM (#34108121)
My all time favorite is Robert T. Kiyosaki's book "Poor dad, rich dad". Pretty much everything he teaches about financial success is fiction. In reality he worked a regular 9 to 5 job, failed at starting his own business, and finally made money by selling this book and providing seminars.
Re:I am done. I give up by moooo99 on Friday December 23, 2022 @12:22PM (#34108323)
I fell into this whole startup hustle bubble a while ago, obviously I also read the book "Rich dad, poor dad". At least I tried, it was bad. Not only was it unrealistic, it also dismissed a whole lot of external factors at play at accumulating such wealth and didn't feel realistic at all. I did not know that he worked regular 9 to 5 and only generated his wealth by providing advice how to build wealth, but its not really surprising and fits the picture fairly well.
Re:I am done. I give up by jacquesm on Friday December 23, 2022 @04:48PM (#34110973)
It made you poorer and him richer though, so from his perspective it's a good book.
Re:I am done. I give up by slawr1805 on Friday December 23, 2022 @05:42PM (#34111431)
This genuinely made me LOL
Re:I am done. I give up by marcossponton on Friday December 23, 2022 @12:32PM (#34108429)
Basically, how VCs works too. And that's why we have to take their feedback carefully.
Re:I am done. I give up by axadoffgg on Friday December 23, 2022 @01:00PM (#34108751)
Re:I am done. I give up by jacquesm on Friday December 23, 2022 @04:50PM (#34110988)
Yes, definitely. Invariably they're looking out for #1 first.
Re:I am done. I give up by rchaud on Friday December 23, 2022 @12:10PM (#34108183)
Just looked at his Twitter. Seems like he's gone off the deep end and is now grifting like Alex Jones. Posts about Fauci, woke liberals, FBI + KGB working in cahoots....pathetic, really.
Re:I am done. I give up by ipaddr on Friday December 23, 2022 @12:49PM (#34108619)
Pathetic to have different political opinions? Is that where some of us has landed. Anyone speaking against my own views are pathetic worthless and worthy of scorn? Then you wonder why society has divided into culture wars and why so much hate exists in the world.
Re:I am done. I give up by samtho on Friday December 23, 2022 @01:41PM (#34109209)
It’s one thing to have viewpoints, there are a lot of traditionally conservative ideals that have value, but, like many things, become a nightmare scenario when taken to the extreme.

I think the “pathetic” comment is aimed at the fact that if you’re running with the Alex Jones camp, you’re not really on planet earth anymore.

Re:I am done. I give up by bencorman on Friday December 23, 2022 @02:00PM (#34109414)
Watching an unwell person publicly spiral into paranoia and conspiracy-obsession and then calling that a "different political opinion" is a pretty bizarre take.
Re:I am done. I give up by jacquesm on Friday December 23, 2022 @04:49PM (#34110982)
Possibly not when you share those opinions and are into conspiracy and paranoia yourself. Plenty of people like that, unfortunately.
Re:I am done. I give up by jokethrowaway on Monday December 26, 2022 @02:19AM (#34135515)
Not familiar with this author and which particularly views he shared - but between COVID passport, COVID being human made, Fauci funding COVID and the FBI paying to hide Hunter Biden's laptop, conspiracy theories are being more accurate than mainstream news.
Re:I am done. I give up by rchaud on Friday December 23, 2022 @02:21PM (#34109627)
You are welcome take a look for yourself and ponder whether you'd take business advice from him.
Re:I am done. I give up by r00fus on Friday December 23, 2022 @01:01PM (#34108756)
He was always a Trump-like persona whose audience tended towards the same demographic.
Re:I am done. I give up by JakeAl on Friday December 23, 2022 @04:52PM (#34111009)
The takeaway I got from him was positive. First, start buying real estate and renting. THEN, with that financial security try to build a business of your own if you are motivated. The first part is hard to fail at, and you can do it while working a full time job.
Re:I am done. I give up by Kye on Friday December 23, 2022 @06:04PM (#34111631)
Step 1: have enough money to risk some on real estate in an already overheated market

This is precisely the kind of advice that's the problem.

Re:I am done. I give up by KETpXDDzR on Monday December 26, 2022 @07:09PM (#34143350)
He also mentioned that property is a liability, not an investment. I guess many property management companies would disagree.
Re:I am done. I give up by theteapot on Wednesday December 28, 2022 @10:20PM (#34169070)
> THEN, with that financial security ..

Nah, you'll just mooch off your stable unearned, unproductive income source for the rest of your life. It's called rent seeking -- https://en.wikipedia.org/wiki/Rent-seeking and it's the absolute core of the disease that is modern capitalism.

Re:I am done. I give up by bennysonething on Friday December 23, 2022 @05:17PM (#34111222)
You are completely correct. I hate this stuff that's peddled on YouTube, it's pretty simple, ask yourself what do they get out of telling you this if they are making so much money doing it. They are making money selling you courses.

What made me more susceptible I think is that my father made his money grinding up, buying a few flats , moving into full on property development. I paid no attention to his business until it was too late for me to learn from him (he died). Sure I worked on his building sites as a teenager, grafted cleaning out flats after tenants moved out (this is while my mates enjoyed their school holidays). He did pretty well and I grew up in a pretty affluent way. The stress was awful for him. I believe it fucked him up a bit. I have a few bad memories of him being a bit horrible. I forgive him that now looking back at the pressure he was under.

After his death I was desperate to emulate him. I began to think working for a salary was a mugs game. I paid for some bullshit property courses. Never went all in on anything thank god.

Anyway, eight years later I've accepted what I am, I'm in a job I actually like. I'll plough my furrow doing software and getting better at it. It's modest, but it's more certain. And uncertainty is the root of stress for me.

One bit of advice he gave me when I was complaining about working and having a manager etc "son, the bank manager is my boss, he can call in my loans any time" I can see now that this is a great antidote to the bullshit financial freedom advice on YouTube

Re:I am done. I give up by oska on Sunday December 25, 2022 @08:48PM (#34133674)
I appreciated your comment. However with respect to what your Dad told you :

> "son, the bank manager is my boss, he can call in my loans any time"

that would have been true for him (being in property development). But there are people who build successful businesses or just work for themselves who never go into substantial debt and thus are free of any such 'creditor boss'.

Re:I am done. I give up by bennysonething on Saturday December 31, 2022 @02:42PM (#34199942)
True. Though anyone I know who is owns a business uses debt to grow it. But you make a fair point.
Re:I am done. I give up by SpelingBeeChamp on Friday December 23, 2022 @01:25PM (#34109036)
I’ll teach you to become rich by teaching other people to become rich by teaching other…

It’s charlatans all the way down.

I am a fairly successful YouTuber, and the same thing exists in my space. It pains me to see the YouTube gurus out there, fleecing people of their money by selling them dreams. Dreams they themselves have not achieved.

Beware of anyone who is selling risk-free shortcuts to hard work. They also go by a different, less appealing name: get rich quick schemes.

Re:I am done. I give up by ericmcer on Friday December 23, 2022 @05:05PM (#34111111)
It's the same way many startups make products that they sell to other tech companies.
Re:I am done. I give up by Existenceblinks on Friday December 23, 2022 @05:54PM (#34111538)
And the ones that make money whose products sold to those "I bought shits from this popular guy", "I'm trendy now", too much bias.
Re:I am done. I give up by johdesilentio on Saturday December 24, 2022 @12:40AM (#34114325)
What do people think of Alex Hormozi in this regard?
Re:I am done. I give up by 8n4vidtmkvmk on Saturday December 24, 2022 @01:30PM (#34119614)
i don't understand why people fall for it. if anyone is making a killing in their business, they're not going to sell a book about how to create a killing in thay field. (a) they don't need to because they're already making a killing (b) ahy create more competition for yourself/give away your secrets? if selling your secrets nets more money than the business... then obviously it wasn't a good business
Re:I am done. I give up by daitangio on Sunday December 25, 2022 @06:07AM (#34126188)
In Italy we said: who knows make business, who do not teach how to make it. We have some journalists here selling courses I did not understand what business they was successful…
Re:I am done. I give up by tiffanyh on Tuesday December 27, 2022 @11:06PM (#34157433)
Would you mind naming who specifically you would put into that group?

E.g. Would you put Pieter Levels into that category?