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by tryingagainbro 3131 days ago
>>He did achieved financial independence years before he was blogging.

He is selling shovels and jeans to gold rush miners. "Financial independence" when supplemented by the $$ he makes while telling people how he got rich surely makes a huge difference.

2 comments

That isn't an argument for why his advice is bad or why he's a bad person, though. That's just an explanation of why people are jealous of him and an argument that people can't reliably repeat the success he's had with financial blogging.

He's not saying people can, though. He's giving financial advice based on something he achieved following a plan when he was making $67k/year, years before he ever even had the blog.

Also, shovels and jeans to gold rush miners?? Pretty sure people can still make $67k/year. Pretty sure people can also still make simple investments, live frugally, pay off their mortgage and retire early. It's simple math. Comparing that to taking advantage of gold rush miners is quite a stretch.

"I'm retired" while you're blogging /making a lot of money by saying you're retired, is profitable but fishy. Like getting rich by writing a book about how you got rich.

Yeah, a Google /FB /x employee can sacrifice for 10 years and then retire, at least outside USA. Live like immigrants that send all their money back to their home country, do.

He does a breakdown of his household spending each year and it's around $30,000. His house had been paid for in full and he had ~$800,000 invested at the time of retirement. The math works out without income from blogging and handiwork.
If his system would work without it, what does it matter whether he has $1 or $1M of supplemental income? I really don't understand this objection.

It's like if Rich Hickey gave simple programming tips, and you said, "He's a genius, of course this works for him." Yes, and? If the advice works, what does it matter how the giver is positioned relative to you?