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by enominezerum
1432 days ago
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The overall vibe I got from reading that post and a few more by Nate is "I found success, you can to, give me money to find out how." There are also quite a few posts arguing against typical financial wisdom. Things like "yea, I could have made some decent returns investing my money, but it permitted me to become who I am" and "you don't need a budget", which all just starts linking back to referral links and other things that make Nate money. The page about not needing a budget and that it eats into your productive time is extremely BS. Dude knows this, but it is something that will prey on financially illiterate people who are looking an excuse 'oh, this rich dude Nate said I didn't need a budget'. It also sucks because he then talks about automating credit card payments, if you don't have a budget and don't track your spending that is a HUGE recipe for disaster. Even some of this writings about wealth vs money, while thoughtful in how they convey the concepts, fail to account for other concerns. Pointing out that a job only pays you while you work, but something like real estate rental may generate wealth, ignores just how much more complication there is in the later. Which is my final complaint. I am not seeing the nitty gritty truth of just how much work is being put in in any of his writings. He touches on things briefly, but he doesn't really convey that there is a huge startup burden that is incredibly risky everytime you start something like building wealth. |
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