We do need more leaders. Too many people are pussies and unfit for the real world. They are sheep waiting to be led. Did I say "everyone" should be a leader? Fuck no. That would be disastrous.
AMA JON FISHER - ASK ME ANYTHING
- Thread starter Jon
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We do need more leaders. Too many people are pussies and unfit for the real world. They are sheep waiting to be led. Did I say "everyone" should be a leader? Fuck no. That would be disastrous.
Society isn't big on leaders anymore, things are getting more towards promoting mindless drones rather than people who excel.
Excellence and achievement aren't thought of very highly. Look at how many people hate big CEOs just because they do well. Not a ounce of effort is spent on their behalf trying to figure out why they do well, just outright hate.
Hey Jon,
I started college like 3 weeks ago in Amsterdam, but I am considering dropping out. What would you do in my case? I am doing a 4 Year programme of Business, but I feel like I can get a lot more experience in 1 year just focusing on my own business. Is it worth spending 25-30 hours a week for 4 years just to get a diploma?
We need better leadership because society isn't big on leaders anymore and promotes mindless drones rather than people who excel.
This statement was a little vague and is not completely true. If you are trying to play the market and buy and sell individual stocks, then the above statement could and probably is true.
But if you are buying mutual fund over the entire total stock market index, and you are okay with the ups and downs of the market, then the statement above is not true. Since the inception of the stock market one thing has been consistent - over time it has always increased. Were there peaks and valleys, absolutely. But if you look at a chart since inception, it has done nothing but go up.
So to say stay away from the stock market as a whole, that's bad advice.
Agreed to some extent.
Everyone should take 5 or 10% (maybe more) of their net and put it away into stocks with the 30-40 year picture in mind.
Depending on the type of self employment IRA you choose, you can sometimes put up to 15% away tax free. (i believe there's a cap, but it's pretty high)
That way, regardless of what may happen to your businesses/ventures, you'll always have rainy day / beach retirement money.
I believe spending a third, saving a third, and investing a third. Very hard to do, but if you can, you'll never find yourself looking for two nickels to rub together.
Moron alert.
Seriously though, crappy out of the ass advice like that is why there are so many jokes about your broker being broker then you. Save the Suzzy Orman advice for your dead beat cousins.
so Jon, for beginners to intermediate, and after campaigns and blogs and supersites.. mainly ad networks, how can we climb higher and higher and put our money into the investment game as well?
as i see it. the big money is in ad networks, and then stock investments/PE
as i see it. the big money is in ad networks, and then stock investments/PE
There's nothing "moron" about tucking away a small sum for rainy day / long term investing. And there's tax benefits to doing such.
Spend 1/3, save 1/3 and invest 1/3 with investing not necessarily meaning the stock market is a very conservative way to live. There's nothing 'moron' about it.
I bet MOST of you don't put back 1/3 of your net back into your business by default, with possibly more coming from savings.
There is everything moron about making up stupid ratios based on nothing and preaching it like the gospel of truth.
and that's generic advice, like a rule of thumb you get from your grandma. it ignores inflation, it ignores US debt levels, it ignores the annual deficit, it ignores who's in the white house, it ignores that the same exact claims were made regarding the US housing market before 2008, it ignores that 100+ years is a tiny tiny window of time, and it ignores why the market has gone up over that timeframe and what may be different today. basically it ignores everything relevant.
when the US loses world reserve currency status, its game over for regular US investors/workers/people.
are mutual/index funds more suited for most people than individual equities?? of course they are... but you should have stopped at that.
you can only say jon's advice (not to invest in stocks) is bad if you've compared his advice to all other investing alternatives. his whole point was "there are better options". you responded with "stocks go up". i don't need to point out who's thinking deeper in this comparison.
If you can't see how splitting your net into those 3 slices is a conservative way to live, than I'd suggest you clean the froth from your chin and wisen the fuck up.
I'm not giving out stock portfolio allocation advice or some grandeur path to wealth, just a conservative way to live that I learned from other successful people.
to clear the air, i think the friction you're experiencing here is that your advice is for 9-5 bi-weekly paycheck joes and there are very few of those here. its not bad life advice per se, it just doesn't apply here.
this isn't a "conservative way to live" type of joint.
You're going to judge your future based on Jon's opinion of the education system?
Can't you do both simultaneously?
I got my business degree and did things on side.
Time management.