The Shrine

I read these sometimes and it makes me wonder if you actually have to know anything to give financial advice. Here's one:

http://finance.yahoo.com/columnist/arti ... life/10857

There was another one about how people who are content to make $60k a year a slacker and will never amount to anything to the day trader that makes $60k an hour. If you can't make $60k it means you got no ambition or desire to be successful. I don't know, maybe most people don't want to take the risk of losing $60k an hour too so they take a $60k/year job that is pretty reliable?

Don Wang wrote:I read these sometimes and it makes me wonder if you actually have to know anything to give financial advice. Here's one:

http://finance.yahoo.com/columnist/arti ... life/10857

There was another one about how people who are content to make $60k a year a slacker and will never amount to anything to the day trader that makes $60k an hour. If you can't make $60k it means you got no ambition or desire to be successful. I don't know, maybe most people don't want to take the risk of losing $60k an hour too so they take a $60k/year job that is pretty reliable?

You referring to Ben Stein's article? It was more about how to be a better salesman than financial advice.

And I'd love to read the other article you refer to. I need something to laugh at.

The whole slacker thing is one explanation, the other is that some people, like myself, just have better things to do with their lives than try to make as much money as possible. I could easily make more money if I want, but at the cost of the part of my life that I actually want and enjoy, so it's not worth it to me. My life begins when I leave work, not when I get there.

I'm not sure how advice like 'don't punch your client in the face when you try to sell stuff to him' is a qualified advice.

Here's the article about how people who only make $70k/year are lazy:

http://finance.yahoo.com/columnist/arti ... icher/9775

Don Wang wrote:I'm not sure how advice like 'don't punch your client in the face when you try to sell stuff to him' is a qualified advice.

Here's the article about how people who only make $70k/year are lazy:

http://finance.yahoo.com/columnist/arti ... icher/9775

Well to be fair, Kiyosaki, he really says those people are stupid and clueless, not lazy.

Kiyosaki is the author of the wildly overrated book, "Rich Dad, Poor Dad". Anyway, the article was more an ad for his (probably terrible) new book with Donald Trump than anything else.

Anyway, the article (like his book) isn't totally without merit. I don't think people should sit around waiting on the government helping them out either. OK, so how does one go about doing that? Just like in his books, he comes up way short in this department (though he implies you can find out by buying his new book!).

He may have the right idea, and I agree in general people are lazy but the advice he gives sounds more like something you'd see something that'd say 'the following is a paid advertisement and does not reflect the views of blah blah blah' as opposed to genuine advice.

People certainly aren't failing to make $70k/hour because they're lazy. I did a little research and the stuff he mentioned that's traded on the NYMEX isn't traded there, so he's no better than the guy he said who was lazy!

Don Wang wrote:He may have the right idea, and I agree in general people are lazy but the advice he gives sounds more like something you'd see something that'd say 'the following is a paid advertisement and does not reflect the views of blah blah blah' as opposed to genuine advice.

People certainly aren't failing to make $70k/hour because they're lazy. I did a little research and the stuff he mentioned that's traded on the NYMEX isn't traded there, so he's no better than the guy he said who was lazy!

I agree. However, without stories like he just told, then he can't convince people to go out and spend money on his crappy books.