For sure it depends greatly where you're at. I had the opportunity to get out of Silicon Valley a few years ago and visit most of the country and it was eye opening how much of a bubble I’d been living in. That said, I found a lot of dynamic entrepreneurial stuff happening in not only the usual bicoastal areas but some of the places you don’t hear about as well, like Pittsburgh, Philly, Charlotte, Raleigh Durham, Birmingham, San Antonio, Austin, Phoenix, the Denver area, Minneapolis… In a broad swath of the “new south” huge manufacturing plants are going up as fast as they can be built, all of which have pretty decent skilled labor jobs that don’t require a college education. By the same token it was clear to me that if you’re in Macon, Akron, Detroit…. or in a small isolated spot in Nebraska/Kansas… the opportunities would be limited, and if circumstances didn’t allow you to leave life would suck. I can tell you that I have difficulty hiring for anyone that requires a technical degree, not just engineers but also finance or econ major types, I just don’t get very many applicants. This is something I’ve experienced both in CA and in the broad mid-Atlantic region, and I’m paying well for an interesting job with little/no downside, which tells me that millennials are doing just fine, at least the one’s willing to move to the mid-Atlantic or CA. And us Gen Xers have been doing fine for the last 20 years, this coming from someone who came from solid lower middle class, and while successful I certainly don’t move in the country club circles.
Sig,.... yeah I was thinking about how you said you were 40..... you're not a boomer by definition, but you still came up old school in many ways. Which is a great thing. There certainly are areas where people are thriving...... And Warren Buffet says we live in the best of times. He may be right. He SHOULD be right. Technology can take us places beyond our wildest dreams. Please don't get me wrong. I am not a negative Nelly... I believe in our youth. They are very very smart. Look at FCX who posts here. He posted he was 24, married, etc....with a good day job..... and is trying to figure out distressed bond debt and how to trade it. I love it. The kids a genius if you read his posts. The Millennials are smart as all get out imo. So yeah. You are right. lol.... but Me as a stock picker....all this aside.... I still say that any company solely based on ad revenue ....is gonna flounder. You can take that to the bank. So good on ya Zig. Here's to our....(and everyone who reads this).... health. Cheers.
This is old news, but yes, it's pretty ridiculous. Regardless, like with trading and any other niche, I suspect that out of all the worthless and shallow blogs and people doing this kind of thing, only a very select and lucky few is able to make substantial money from this.
How is this different from any other "non-tangible producers"? There are people making 8 figures writing books or singing, is that wrong too?
There's more thsn a few 13 year olds making thousands per month on youtube. Heck, just look at the $$ from this site.
here are the binary options signal providers showing off the wrapped cars. http://www.dailymail.co.uk/news/art...king-way-tea-boy-millionaire-businessman.html http://www.tradewithrobert.com/ http://www.dailymail.co.uk/news/art...ars-worth-total-350-000-crash-night-town.html
Why, some how do I find the above stories hard to believe. Is it really that simple that teenagers are making millions trading options and stocks! What the heck are we oldies doing wrong then!
They are signing up people with binary option brokers to get a kickback in exchange for their signal service. http://www.timesofisrael.com/the-wolves-of-tel-aviv-israels-vast-amoral-binary-options-scam-exposed/ The wolves of Tel Aviv: Israel’s vast, amoral binary options scam exposed An industry turning over hundreds of millions of dollars, employing thousands of people, is cynically cheating naive would-be investors worldwide via a range of corrupt practices. It is doing terrible harm to its victims, and it risks doing the same to Israel’s reputation
You don't have to make millions to do well in newer business models these days. Some top performers have opportunities in jobs that didn't even exist 10 years ago. S2007S of course gets confused because he's stuck in his ways. Any person who proudly makes his own sandwiches and longs for 4% savings accounts like it's make or break on life isn't very progressive or aware of things. I have some recent insight because my adult daughter is involved in some new areas and making decent money doing it. Multiple opportunities actually.