The Wednesday Wellness threads are meant to encourage users to ask for and provide advice and motivation to improve their lives. It isn't intended as a 'containment thread' and any content which could go here could instead be posted in its own thread. You could post:
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Requests for advice and / or encouragement. On basically any topic and for any scale of problem.
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Updates to let us know how you are doing. This provides valuable feedback on past advice / encouragement and will hopefully make people feel a little more motivated to follow through. If you want to be reminded to post your update, see the post titled 'update reminders', below.
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Advice. This can be in response to a request for advice or just something that you think could be generally useful for many people here.
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Encouragement. Probably best directed at specific users, but if you feel like just encouraging people in general I don't think anyone is going to object. I don't think I really need to say this, but just to be clear; encouragement should have a generally positive tone and not shame people (if people feel that shame might be an effective tool for motivating people, please discuss this so we can form a group consensus on how to use it rather than just trying it).
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I have a suspicion that ‘real world’ businesses are much easier to make money in than the internet. Consider that online you’re competing with every smart autist in the third world, some of them are undoubtedly smarter and more informed about the market than you, and many are much more driven for the reasons you outline anyway, plus at least some will have much more capital for ads etc. By contrast in a local business, the trades etc you only compete with a few guys of modest intelligence in your town or whatever.
A few smart guys in Cambodia can sell gacha slop to Americans, make YouTube videos with LLMs, market crypto scams etc. What they can’t do is work for a local car dealership or become a plumber in small town USA, the richest society on earth. That’s your advantage. (If you don’t live in the rich world, disregard the above.)
Doubt it. A 'real' business , as in a brick and mortar business, can cost hundreds of thousands of dollars or millions to set up. Employees are time consuming and expensive, and you're always a lawsuit away from being shut down. Making money online is not easy, but it is cheaper. Once you find a good nice or method, the money rolls in easy. It does not even have a be a business--for example, take $50k and park it into 3x tech funds and make $500k as one guy on Reddit did[ 1] , and no competition from Cambodian guys either. Anyone can do this. A tangible biz can easily cost $500k to set up, and good luck increasing your $ by 10x in a few years.
That's just market-timing and sector-concentration with extra steps, aka gambling. On average, volatility decay crushes broadly-diversified triple-leveraged equity ETFs, much less sector-specific triple-leveraged equity ETFs, especially since leveraged equity ETFs typically reset daily.
they both have risks . market crash vs. not getting enough customers, lawsuits, or changing economic conditions
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