Re:The influencers getting rich by teaching you how to get rich
by PragmaticPulp on Monday April 03, 2023 @07:58PM
(#35433160)
> You’re correct that the influencers aren’t average, but how would you expect someone to have a top 1% outcome without some input variable being top 1%?
You’re missing the point: The parent comment was saying they those 1% influencers are in the 1% often due to things like 1% lucky timing (buying stocks at the right time, buying real estate when it was cheap), but that doesn’t make for interesting content.
So instead, they do mental gymnastics to downplay their lucky position and try to peddle it to the average viewer as generic advice.
> most content I’ve seen is realistic that you’ll have to drastically outperform in one area (an 8 figure exit is hard to mess up)
“Just do an 8 figure exit” is purely aspirational advice for someone browsing FIRE forums. Starting a business, building it, and then selling it for 8 figures isn’t the kind of thing you learn from FIRE influencers on Reddit or whatever, but it’s exactly the kind of dreams they pretend to peddle.
You’re missing the point: The parent comment was saying they those 1% influencers are in the 1% often due to things like 1% lucky timing (buying stocks at the right time, buying real estate when it was cheap), but that doesn’t make for interesting content.
So instead, they do mental gymnastics to downplay their lucky position and try to peddle it to the average viewer as generic advice.
> most content I’ve seen is realistic that you’ll have to drastically outperform in one area (an 8 figure exit is hard to mess up)
“Just do an 8 figure exit” is purely aspirational advice for someone browsing FIRE forums. Starting a business, building it, and then selling it for 8 figures isn’t the kind of thing you learn from FIRE influencers on Reddit or whatever, but it’s exactly the kind of dreams they pretend to peddle.