Ask me any question about gaining wealth, and I'll give you the blackpill truth answer

[Seth Walsh]

Specific questions only. All my replies will be actionable.

 

[PeakIncels]

why is making money so hard

 

[Mike456]

Specific questions only. All my replies will be actionable.

Is going to school and becoming a doctor or inginer or etc worth it?

 

[Aroon]

Can I gain wealth from you giving me your money?

 

[kababcel]

Is going to school and becoming a doctor or inginer or etc worth it?

Specifically as an engineer in the US

 

[Seth Walsh]

why is making money so hard

Because you're doing it the default way.

Hourly wage and salary = linear.
Wealth = non-linear.

Linear systems lose to nonlinear systems over long horizons.

Compounding edge, speed of capital deployment, cost minimisation, high earnings and tax relocation mean everything.

It's not a trope. Make your money work for you. Investing early may seem futile because you don't see capital growth fast enough. But early, tax efficient investing will make you wealthy and stable in your future.

Try to automate as many things as you can. 1) in work, you get your time back, and you learn coding/technical skils. 2) Your investment contributions (if they're automated every week or month, you'll never miss an investment.

Compounding is the 8th wonder of the world. You want to keep a 3-6 month bursary/emergency fund, land a high earning job, keep expenses super low, and rapidly deploy capital back into investments. Just the SPX, NDX, MSCI World.. whatever. If you're a UScel. You can buy the VOO for 0.03% expense per year.

Then think about your biggest expenses. House/accommodation.. Living at home? Great, save and invest. Renting? Stay frugal, use the excess to invest.

Weigh up the pros and cons of saving for a downpayment and paying a mortgage, versus renting. Renting may seem like it's throwing money into the ether; and it is if you have a low wage. So career max and go after a higher paying job like your life depends on it. Once you have that, the rental expense will be absorbed in your income and will be MANAGEABLE.

The problem is you don't own assets. Stocks are the best ROE assets. So stack-em. Diversify in the NASDAQ and/or S&P500 and you'll be fine. Regular contribution is what counts to most. As much as you can afford.

Don't spend huge money recklessly. Goes without saying. Try to stop going out clubbing if you're past the age of like 23. You're coping and wasting more money than you care to admit.

You may have have predators in your loop.

• Employers extracting surplus.
• Rent, debt, interest, fees, subscriptions, lifestyle creep.
• Parents / peers telling you what “responsible” looks like (house, car, safe job) because that keeps you predictable, not rich.

You don’t realise how rigged it actually is.

• r > g: return on capital (r) tends to beat wage growth (g) over time. That means “people who already have capital” mathematically pull away from “people selling time,” even if the second group works harder. This is observed globally, not theory.
• So if you start with nothing and play the wage game straight, you’re in a race you are supposed to lose.

 

[Cessation]

Best forex

 

[Seth Walsh]

Is going to school and becoming a doctor or inginer or etc worth it?

Yes.

 

[Seth Walsh]

Best forex

Scam.

 

[Dr. Mog]

Is going to school and becoming a doctor or inginer or etc worth it?

Not only worth it but considering you did it in a reputable uni it’s actually a legit guaranteed money for a secure life.

If you ever have funds, IQ and NTness to become a doctor especially, you’d legit be at top 1% of your country for your age but 30+ onwards tho.

 

[miloeatscookies]

how long have you been studying economics to do allat

 

[4Christ_sake]

Specific questions only. All my replies will be actionable.

Can send u my feet and you give me money

 

[Idk❤️]

Because you're doing it the default way.

Hourly wage and salary = linear.
Wealth = non-linear.

Linear systems lose to nonlinear systems over long horizons.

Compounding edge, speed of capital deployment, cost minimisation, high earnings and tax relocation mean everything.

It's not a trope. Make your money work for you. Investing early may seem futile because you don't see capital growth fast enough. But early, tax efficient investing will make you wealthy and stable in your future.

Try to automate as many things as you can. 1) in work, you get your time back, and you learn coding/technical skils. 2) Your investment contributions (if they're automated every week or month, you'll never miss an investment.

Compounding is the 8th wonder of the world. You want to keep a 3-6 month bursary/emergency fund, land a high earning job, keep expenses super low, and rapidly deploy capital back into investments. Just the SPX, NDX, MSCI World.. whatever. If you're a UScel. You can buy the VOO for 0.03% expense per year.

Then think about your biggest expenses. House/accommodation.. Living at home? Great, save and invest. Renting? Stay frugal, use the excess to invest.

Weigh up the pros and cons of saving for a downpayment and paying a mortgage, versus renting. Renting may seem like it's throwing money into the ether; and it is if you have a low wage. So career max and go after a higher paying job like your life depends on it. Once you have that, the rental expense will be absorbed in your income and will be MANAGEABLE.

The problem is you don't own assets. Stocks are the best ROE assets. So stack-em. Diversify in the NASDAQ and/or S&P500 and you'll be fine. Regular contribution is what counts to most. As much as you can afford.

Don't spend huge money recklessly. Goes without saying. Try to stop going out clubbing if you're past the age of like 23. You're coping and wasting more money than you care to admit.

You may have have predators in your loop.

• Employers extracting surplus.
• Rent, debt, interest, fees, subscriptions, lifestyle creep.
• Parents / peers telling you what “responsible” looks like (house, car, safe job) because that keeps you predictable, not rich.

You don’t realise how rigged it actually is.

• r > g: return on capital (r) tends to beat wage growth (g) over time. That means “people who already have capital” mathematically pull away from “people selling time,” even if the second group works harder. This is observed globally, not theory.
• So if you start with nothing and play the wage game straight, you’re in a race you are supposed to lose.

Do you have a job? If yeah which one?

 

[Pendejo]

Because you're doing it the default way.

Hourly wage and salary = linear.
Wealth = non-linear.

Linear systems lose to nonlinear systems over long horizons.

Compounding edge, speed of capital deployment, cost minimisation, high earnings and tax relocation mean everything.

It's not a trope. Make your money work for you. Investing early may seem futile because you don't see capital growth fast enough. But early, tax efficient investing will make you wealthy and stable in your future.

Try to automate as many things as you can. 1) in work, you get your time back, and you learn coding/technical skils. 2) Your investment contributions (if they're automated every week or month, you'll never miss an investment.

Compounding is the 8th wonder of the world. You want to keep a 3-6 month bursary/emergency fund, land a high earning job, keep expenses super low, and rapidly deploy capital back into investments. Just the SPX, NDX, MSCI World.. whatever. If you're a UScel. You can buy the VOO for 0.03% expense per year.

Then think about your biggest expenses. House/accommodation.. Living at home? Great, save and invest. Renting? Stay frugal, use the excess to invest.

Weigh up the pros and cons of saving for a downpayment and paying a mortgage, versus renting. Renting may seem like it's throwing money into the ether; and it is if you have a low wage. So career max and go after a higher paying job like your life depends on it. Once you have that, the rental expense will be absorbed in your income and will be MANAGEABLE.

The problem is you don't own assets. Stocks are the best ROE assets. So stack-em. Diversify in the NASDAQ and/or S&P500 and you'll be fine. Regular contribution is what counts to most. As much as you can afford.

Don't spend huge money recklessly. Goes without saying. Try to stop going out clubbing if you're past the age of like 23. You're coping and wasting more money than you care to admit.

You may have have predators in your loop.

• Employers extracting surplus.
• Rent, debt, interest, fees, subscriptions, lifestyle creep.
• Parents / peers telling you what “responsible” looks like (house, car, safe job) because that keeps you predictable, not rich.

You don’t realise how rigged it actually is.

• r > g: return on capital (r) tends to beat wage growth (g) over time. That means “people who already have capital” mathematically pull away from “people selling time,” even if the second group works harder. This is observed globally, not theory.
• So if you start with nothing and play the wage game straight, you’re in a race you are supposed to lose.

All these words to tell us what everybody already knows "just invest in the sp500 long term and stop buying lattes and paying for Netflix to get rich brah!", you didn't even talk about leverage and how to use debt in your favor which is basically a prerequisite to build any substantial amount of wealth in todays age

Also cage specifically at this line "Diversify in the NASDAQ and/or S&P500 and you'll be fine" chatgpt did you dirty lol, but if anyone actually thinks that just by being invested in either of these indexes you are diversified they should pick up a dictionary and look up the definition of the word.

 

[decadouche57]

What’s the best career to make money while having work life balance

 

[Sujumh]

Best way to make MONEY when ur 17 unable to work part time or best place to invest ur time in when ur this age
@Abdullahm06 @vvd @chromednash

 

[chromednash]

Do you have a job? If yeah which one?

hes a prof trader


at wall street and shit


thats what he said im pretty sure


@Seth Walsh

 

[Seth Walsh]

All these words to tell us what everybody already knows "just invest in the sp500 long term and stop buying lattes and paying for Netflix to get rich brah!", you didn't even talk about leverage and how to use debt in your favor which is basically a prerequisite to build any substantial amount of wealth in todays age

Also cage specifically at this line "Diversify in the NASDAQ and/or S&P500 and you'll be fine" chatgpt did you dirty lol, but if anyone actually thinks that just by being invested in either of these indexes you are diversified they should pick up a dictionary and look up the definition of the word.

you pretty much are diversified if you're in an index. the thread is about long term capital compounding. why the fuck would you use leverage?? that's an illusion..

also chatgpt wrote none of this. if you want to diversify further buy MSCI world or managed futures... This is for youngcels. The SPX is still a diversified portfolio, maybe not geographically, but it works and has great returns compared to single stock portfolios.

What's your argument? People want to be making money.

 

[chromednash]

you pretty much are diversified if you're in an index. the thread is about long term capital compounding. why the fuck would you use leverage?? that's an illusion..

also chatgpt wrote none of this. if you want to diversify further buy MSCI world or managed futures... This is for youngcels. The SPX is still a diversified portfolio, maybe not geographically, but it works and has great returns compared to single stock portfolios.

What's your argument? People want to be making money.

I’m gonna do the exact opposite of what you say and get rich

 

[optimisticzoomer]

- NEET
@Debetro

 

[optimisticzoomer]

- NEET
@Debetro

 

[optimisticzoomer]

Brutal double post pill

 

[poreskin]

Specific questions only. All my replies will be actionable.

Whats the most specific and straightfoward way I can make my first 1k as a 16 year old in nyc who cant get a job due to age restrictions.

 

[Seth Walsh]

Whats the most specific and straightfoward way I can make my first 1k as a 16 year old in nyc who cant get a job due to age restrictions.

Save from birthday gifts or in general. Learn about opportunity costs. You get lunch money? Skip lunch.

Don’t steal, especially not from your parents. God will strike you down.

Try to sell stuff you have that you don’t want. Old Pokémon cards, game console? Etc

 

[Hide]

How do you understand math and when to use it for financial systems?

I have a difficult time understanding integration for example bexause its genuinely hard and requires intuition

 

[heinz_guderian]

Is becoming a jew and working at a bank worth it?

 

[King_Schnitzel]

Specific questions only. All my replies will be actionable.

How can I make money, starting with 100€ ?

 

[chromednash]

God will strike you down.

this nigga expects us to listen to him

 

[Seth Walsh]

How can I make money, starting with 100€ ?

Idk

 

[Seth Walsh]

How do you understand math and when to use it for financial systems?

I have a difficult time understanding integration for example bexause its genuinely hard and requires intuition

Try see everything in life like a system. Then you’ll learn the maths, and you can build valuable things with code.

Ironically, understanding math won’t make you a great trader.

The edge in (quant) trading now lies in raw silicon microstructure and speed of light path optimisation, it’s really crazy ngl.

For your own trading. You’ll hate to hear this. Not much maths needed. Discipline, sticking to a convex payoff system, and risk management.

People really don’t understand how it’s just near impossible to be a profitable “self trader” the risk of ruin is always there and is always ignored.

The markets move so unpredictably, since it’s the aggregate psychology of ALL participants at ALL times, and external events change the aggregate psychology mix. It can’t be modelled. It’s the most impossible thing ever.

Humans are irrational. The markets CANNOT be predicted. That’s the truth.

 

[Recession.]

how to make money if i wanna be unemployed for life

 

[Seth Walsh]

how to make money if i wanna be unemployed for life

N/A

 

[Koyyendate]

Do you believe that becoming a billionaire requires you to do some unethical stuff in order to reach that level, this is something I hear from a lot of people but I'm not sure about that

 

[Recession.]

Do you believe that becoming a billionaire requires you to do some unethical stuff in order to reach that level, this is something I hear from a lot of people but I'm not sure about that

nah nigga u can just trade pennies all the way to billions
beleive me beleive me

 

[Seth Walsh]

Do you believe that becoming a billionaire requires you to do some unethical stuff in order to reach that level, this is something I hear from a lot of people but I'm not sure about that

No

 

[gSmme]

How can I make money, starting with 100€ ?

Dumb question, find something a niche -if someone tells you to start dropshipping/copywritting to make money its cope, it wont work
Finding ur own idea is the key no one will give you ideas, you have to use your brain.
If you ask someone how to make money then you are really not ready yet to start generating wealth

 

[HighIQ ubermensch]

Because you're doing it the default way.

 

[HighIQ ubermensch]

Do you believe that becoming a billionaire requires you to do some unethical stuff in order to reach that level, this is something I hear from a lot of people but I'm not sure about that

only 3 ways to get rich
be extremely lucky to benefit from the once-in-a-millennium opportunity
be born into wealth
be High IQ & commit crime

 

[gSmme]

Do you believe that becoming a billionaire requires you to do some unethical stuff in order to reach that level, this is something I hear from a lot of people but I'm not sure about that

No need to be unethical, but it's really more difficult to be ethical tbh
Scaling etc, it will def take longer while being 'ethical' but god won't put you in hell after you die

But bro everyone in top 100 richest people is unethical... 7 years old kids in africa exploited to mine cobalt for tesla batteries and get 2 dolars a month

I'd rather not be billionaire than to be such greedy piece of shit

 

[gSmme]

Is becoming a jew and working at a bank worth it?

Yes

 

[Seth Walsh]

only 3 ways to get rich
be extremely lucky to benefit from the once-in-a-millennium opportunity
be born into wealth
be High IQ & commit crime

There’s more ways to get “rich” but yeah I can tell you’re not a social class pill denier which is good!

 

[Seth Walsh]

An issue is you’re all just zoomers wanting to get rich quick. This thread is more for those who realise they’ll have to work and put in effort in their life

 

[LooksmaxxMyAss]

What could possibly make you lick someone's balls

 

[King_Schnitzel]

What could possibly make you lick someone's balls

A bet

 

[4ever]

A job on the medical specialty of my choice in a country with worse salary and taxes or a specialty that's maybe not my first choice + longer residency in a country with higher salaries and lower taxes (Switzerland)?

 

[Seth Walsh]

A job on the medical specialty of my choice in a country with worse salary and taxes or a specialty that's maybe not my first choice + longer residency in a country with higher salaries and lower taxes (Switzerland)?

Go with whatever you want to do long term. Leave a company if your upside is capped. Just aim to scale your salary and become more skilful. As I said, 9-5 working is just linear pay. Inflation and opportunity cost eat into your wealth growth potential over time.

Since I work a "9-5" job. I'm not too concerned with income tax. For example, would I leave my job, to work a job where I'd make the same or more in a 0 tax country (Switzerland, Hong Kong, Singapore)? No.

I am more concerned about taxes around long term equity investing. There are some countries where it is literally impossible to grow a portfolio.

Scaling wealth is:

Scaling salary over time + starting to invest as young as possible + keep expenses very low + automate your contributions + make sure the vehicle you're investing in is low expense + making sure the wrapper your investment vehicle is in, is VERY TAX FRIENDLY.


I can make some top tier threads over the next day if you wish? Core themes will be looks, money and status. But I think some of my perspectives might blow peoples minds. Stuff I've learned over the past years which I never really vocalised sincerely.

Tbh, I just use this place to write whatever I want. But I really feel like making a huge thread with the aim to help and give rational advice.

 

[Debetro]

Possibility of economy collapsing in the next 10-15 years?

 

[Foreverbrad]

An issue is you’re all just zoomers wanting to get rich quick. This thread is more for those who realise they’ll have to work and put in effort in their life

Problem is all the money comes too late for it to really matter.

Even if you start investing at 18 you’re pretty much post-prime in 10 years and it’s completely over in 20. That’s not a lot of time for compounding.

Additionally the older I get, the less money I will actually need, because I’ll no longer have any real motivation to go anywhere or do anything - this has already happened to a large extent because it’s clear from my treatment in society that the world would prefer me dead.

So yes you absolutely do need to get rich quick. It’s just impossible and relies on gambling - and I posted a thread about that - the more risky the average behaviour becomes, the worse life is going to get for the majority.

 

[Seth Walsh]

Possibility of economy collapsing in the next 10-15 years?

I just don't know.

People always say they have "indicators that the economy will collapse". I don't know. The economy seemed to rebound from '02, '08 pretty easily. Since the US Govt can just print infinite Dollars, they can just keep the game alive artificially.

Investing makes sense fundamentally because companies are purely incentivised to become more profitable, it's their doctrine, otherwise, they lose money. And the money supply is ad infinitum, so everything that trades against money (i.e., US Dollar) cannot not get more "valuable" unless the fail entirely to keep generating revenue.

I am so bullish on technology stocks. Like to an extreme degree.

 

[Bishoplol]

Solo trading/prop firm trading viable or nah given all the institutions trading against retailers?