New Paradigm

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New Paradigm

Postby Tituba » Fri Apr 05, 2013 10:10 am

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Re: New Paradigm

Postby SquarePeg » Fri Apr 05, 2013 10:53 am

Everyone is an entrepreneur. The only skills you need to be an entrepreneur:
an ability to fail
[got that]
an ability to have ideas
[got that in abundance]
to sell those ideas
[don't got it]
to execute on those ideas
[don't got it -- don't care]
to be persistent
[don't got it -- don't feel like it. why bother?]
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Re: New Paradigm

Postby Tituba » Fri Apr 05, 2013 11:27 am

Having run my own business now for almost 12 years, what is missing from the listing is that you don't have to do it all yourself. You hire (or barter) for the stuff you don't do well (marketing, taxes) etc.
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Re: New Paradigm

Postby Scenario Thinker » Fri Apr 05, 2013 3:49 pm

Spoken like a true entrepreneurial blogger.

I'd say he's wrong on number 4. If you treat your job like a business and live well-below your means, you can accumulate a lot of money, and it's a steady stream (for the life of that job), unlike worrying about sales or clients. No, we all don't spend as much as we make or increase our spending with each raise.

There's no utopian situation. Even being independently wealthy will have its problems. They'll surface, for sure.

Not all workplaces are prisons or outsource everything, and not all bosses are bad or try to keep you down.

But I say this as someone who likes to code forever (and can communicate it), write detailed emails, and actually gets along with a variety of people, even though anyone can drive me nuts at times. :)
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Re: New Paradigm

Postby Tituba » Fri Apr 05, 2013 4:04 pm

The blogger did have an angry tone that is for sure, but he made some valid points about the majority of people spend most their money rather than saving.
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Re: New Paradigm

Postby Scenario Thinker » Fri Apr 05, 2013 4:59 pm

That's the thing, if you have business sense, you need to figure out how to create a profit. I know it's not easy for everyone to do given their varying individual circumstances.
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Re: New Paradigm

Postby Tituba » Fri Apr 05, 2013 6:32 pm

The reality is that alot of people lost jobs, health insurance etc. and have zero - nada - in retirement savings. If they did have 401k's, they cashed them in to survive. They are living on unemployment or pay check to pay check with not a dime saved for anything. Pulling out of debt and just surviving become the priority and not alot of attention is paid to the future. Many don't see a future. These are not people who go on expensive vacations, buy cars or live above their means. They are just getting by and hanging on by the skin of their teeth. It is bleak, but there are many more people in that situation than the ones who have 401k's.
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Re: New Paradigm

Postby Scenario Thinker » Sat Apr 06, 2013 3:43 am

I don't think that's what he's saying, though. He's suggesting we can't help ourselves and want to spend any increase in income on more toys. How's that going to change ... after you quit your job?

And he's never once seen anyone save the increase in their salary? What, does he have the ability to monitor everyone's finances?
James Altucher wrote:If your salary increases $5,000 you spend an extra $2000 on features for your car, you have an affair, you buy a new computer, a better couch, a bigger TV, and then you ask, “where did all the money go?” Even though you needed none of the above now you need one more thing: another increase in your salary, so back to the corporate casino for one more try at the salary roulette wheel. I have never once seen anyone save the increase in their salary.


From what I see, the new paradigm is an economic recovery where employers are finding they can get away with not hiring as many people back any more. Technology is eating away at lower level jobs, but increasing in other higher level jobs. There's a big educational gap between the way jobs are shifting and people being able keep up. Those old jobs aren't coming back. The 2 billion people in China and India are more than willing to fill the openings here in the US that we can't or don't want to fill in technology/math/science, because we "don't like math". Getting a college degree is still the best way to lower your unemployment odds. More women are getting college degrees than men, so women are "keeping up" with the changes better on the average.
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Re: New Paradigm

Postby Tituba » Sat Apr 06, 2013 7:39 am

I don't think that's what he's saying, though. He's suggesting we can't help ourselves and want to spend any increase in income on more toys


If I were to guess what he means by this, I would say that when people are unhappy with their work (or anything actually), they try to fill the void (hence stuff). I know when I was working for corporate America, I would spend bonuses/overtime. When I began working for myself and had spare money, I saved it. Not so much to save, but because you never know what is going to be coming in week to week and next month might be slow. It is more or less fear based saving.
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Re: New Paradigm

Postby SquarePeg » Sun Apr 07, 2013 7:04 pm

These are all great ideas. But if he were truly a decent writer, we wouldn't have to guess at his message.

I personally wouldn't read too much into it. For me the New Paradigm is when folks try to make money at blogging by writing whatever they think people will want to read. And that includes writing about a New Paradigm in which people become incredibly wealthy doing what they love.
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