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  1. jdm667

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Scary to think about: all of the Wall Street guys under 34 years old have never worked during a 50% down market like we had in 2008/2009. Munger has learned from those types of experiences (multiple times) ... the young guys have not. I am curious to see how they do in such a market.
  2. jdm667

    In a restrictive contract. Should I leave or stay?

    QUESTION 
    Your company is saying that to scare you (and other employees). Most people will hear that and not bother to build a business if they think the company will take it away. That means the company now has nice, loyal employees who have no self employment options and will not become competitors...
  3. jdm667

    How much does the average American make? Not much...

    If you are making $40k per year or less (at most $3400 per month), a small side hustle earning $1k per month would be life changing (+30% or more to your income). That is well within reach for most people. 1 hour per day (30 days per month) times $33.33 per hour freelancing is $1k per month...
  4. jdm667

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    I see a boat there - is it near a marina? If so, you will sell lots of gas. The ice vending would do great near a marina too - fishermen will want ice to preserve their catch, and people going boating will want to fill their coolers. If it is near the water, a fast-casual seafood joint would...
  5. jdm667

    Instructive Videogames

    IDEA 
    I second MJ here. I think a lot more people will be interested in home school or online learning options in the coming years. A lot of parents want to avoid public schools for their kids (or find a more affordable alternative to expensive private schools). Parents might even want educational...
  6. jdm667

    Just bought a house for $9,000...

    HOT! MINDSET 
    I'm not sure where the money is coming from. Some states get income tax from remote workers who live there, but that doesn't necessarily translate to money for the cities. If you are a remote worker in Vermont, you might pay 6.5% or so in state income tax. If you make $80,000 that comes out...
  7. jdm667

    Just bought a house for $9,000...

    HOT! MINDSET 
    Vermont has a similar remote worker program as well, if I recall correctly. My friend bought a house there for $90K, but there are more remote areas that would probably be much cheaper. There are also cities all over the U.S. that have these remote worker programs in various forms. Definitely...
  8. jdm667

    POLL: Do the people you know realize "The American Dream" is dead?

    OFF-TOPIC 
    Don't forget about "dream inflation". A century ago (1920), the average American home was 1,048 square feet. 8 years ago (2014), it was 2,657 square feet (x2.54). Not only do you need more land to build such houses, but you need more raw materials and more labor hours, driving up prices...
  9. jdm667

    Your 2022 Stock Market Predictions? Vote (Closed)

    INVESTING 
    45K+, but not because of any underlying fundamentals. The FED money printer will drive most of the gains, along with the FAANG companies.
  10. jdm667

    How to get over impostor syndrome

    MINDSET 
    I try to remember that I don't have to be "the world's #1 expert" on a topic to teach others who are not as far along as I am. I am not an impostor just because I don't have the highest credential in a field. Let's say you want to teach 4th graders how to add or multiply numbers without a...
  11. jdm667

    Smart people wanted: 10X income in 5 years, how would you do it?

    SIDE HUSTLE EXECUTION 
    A master's in business and you work in sales ... the first thing that comes to my mind is Salesforce consulting. Your business degree would be another selling point to corporations. If you get Salesforce certified, you can make $150 per hour - maybe more if you find a good niche. You can also...
  12. jdm667

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    The scope of data available to advertisers is probably unimaginable. I bet they can see from your phone activity data if you are staying up later and waking up earlier, and then go ahead and advertise sleeping pills, mattresses, etc.
  13. jdm667

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    I remember being amazed when my mom told me that you could get 12% on a CD back in the 80's. Then she laughed and told me the downside: they were paying 18% on a mortgage. I don't know if we'll go back to something quite so extreme, but hey, it happened once right? On an unrelated note: an...
  14. jdm667

    The Great Resignation, Good or Bad for Entrepreneurs?

    SLOWLANE FTE 
    I agree, we will always need the skill of those workers. I was thinking more of tech and efficiency for mundane tasks to speed things up. Think about how many man-hours it took to build a house before power tools vs. now. Imagine cutting wood with a handsaw, every single time. No power saws...
  15. jdm667

    The Great Resignation, Good or Bad for Entrepreneurs?

    SLOWLANE FTE 
    It is good for entrepreneurs overall. Employees who are not a good fit for your business will leave, which hurts short term but is better long term. As wages rise, it will become more profitable to find a way to deliver the same services for less money (by outsourcing, automation/robotics/AI...
  16. jdm667

    Personal Cashflow Advice

    INVESTING 
    You and your wife should both ask for a raise at your jobs. Inflation is high right now, and it is an employee's market at the moment. So, you have a lot of leverage to ask for a good raise. If your income/spending is at the "breakeven" point, a small increase for both of you would give you...
  17. jdm667

    Ask Me Anything About Website Optimization (Ongoing)

    MARKETING 
    WP Rocket is good. Make sure that your images are properly sized - compression plugins like ShortPixel can help to give you smaller image file sizes without losing much quality. If you have a lot of high-quality images, this will make a big difference. If you don't need the images so big, cut...
  18. jdm667

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Looks like the company is still private, but got $100m in new investment about 6 months ago, with some of the early employees getting bought out: https://www.inquirer.com/columnists/duckduckgo-lore-century-therapeutics-20210621.html The founder has spoken before Congress about breaking up...
  19. jdm667

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Does your hosting allow you access to cPanel for Wordpress? You might be able to delete the page from there (probably using the File Manager). You would just need to find the right folder, subfolders, etc. in the cPanel file manager (you should see folders with names that are the same path as...
  20. jdm667

    AMA - I built a software company worth 8 figures

    GOLD! HOT! EXECUTION AMA 
    Congrats @Ravens_Shadow , and thanks for posting this. There are no-code options out there for building software - do you think it is worthwhile to use them to create a prototype, or is it more trouble than it's worth in the long run when you need more customization?

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