Definitely agree with Steve. I don't intend to get a "normal" job with "normal" hours and "normal" wages. Who wants that anyway! Not sure yet how I'll accomplish it, but it will most likely involve starting a website or something similar. I like the idea of having multiple passive income streams. Maybe I'll stick to the "normal job" paradigm for a while after I graduate, who knows, but not for long anyways.
What about you? How are you currently getting by and are you satisfied with that? Or how do you intend to earn money when you graduate?
Awful article with some good points. As @mk points out dispensers of for profit self-help can only profit on someone who has a deficiency they can provide a remedy for. What better way then to create that deficiency in the ready? I'd like to run through the points one at a time. I'm going to ignore the hyperbole and abrasive tone of the language, to the best of my tolerance, in favor of the core idea of each point. 1 - Truth about time vs value assuming your skill scales. As What's a $4,000 Suite Worth? illustrates you can be a master in a field that just doesn't scale. The author dismisses any non-scalable skill set as 'dummie'. 2 - Gaining experience from a job generally means two things when people use this phrase: apprenticeship and/or resume building. Apprenticeship is valuable. If you are in a skilled profession the upper level of knowledge advancement may seem to not exist. The "learn a lot then stagnate" doesn't apply. If you are writing self help the ceiling may be lower. On the other hand resume building is valuable primarily within the context of at-will employment. 3 - Complete nonsense. Just an attack on the reader's emotions. 4 - A good point few consider. In essence you are paid for your time/value by an employer and you pay the employer to provide all it's services to you. However, these are services that have value. Aside the obvious value in benefits, accounting, equipment, and such there is less obvious "tribe" value. Not everyone does sales, yet a company sells to clients. Not everyone produces widgets, yet there are widgets to sell. And so forth. Even seemingly non-contributing cost sinks like investors provide value: would the employer even exist otherwise? 5 - No arguing that multiple passive income streams is more secure than a single income stream from at-will employment. Establishing those streams now... that's where the "too risky" meme comes from. It comes from the reality most people face: continue at-will employment or 'take the leap'. Trade one casino game for another. 6 - No time to delve into the complex topic of the military hierarchy that most companies operate with. I'll just say that it's not inherently evil and even provides a service (see analysis paralysis. 7 - Complete nonsense. Just an attack on the reader's emotions. 8 - Complete nonsense. Just an attack on the reader's emotions. 9 - Amazing, a valid non-economic point! Some jobs have more freedom than others. Some jobs have more freedom than self employment (via access), but most don't. 10 - Complete nonsense. Just an attack on the reader's emotions. Now that 6 one sided, but valid, considerations and 4 nonsensical emotional pot stirrers have been provided the reader is in the perfect emotional state for the sale. edit: One of my Father's best advice to me is to work for myself. I'm fairly anti-employment. This article still is garbage. :)
Thank you for having the patience to do this. I didn't.
Thanks for taking the time to pick apart his article like that! I see now how he can accomplish this through writing his articles like that (e.g. playing with your emotions). I have to admit, he is pretty successful at this. Or perhaps I'm just a gullible soul that needs a crash course in critical reading x_x I'll be keeping this in mind if I ever decide to read similar stuff. At least he did convince me that I want to (at least eventually) work for myself. Though probably not with that article alone.dispensers of for profit self-help can only profit on someone who has a deficiency they can provide a remedy for. What better way then to create that deficiency in the ready?
No doubt he is successful at this. A good demonstration of the power in persuasive writing. Don't feel too gullible. I own upwards of 30 books which would perhaps be classified as self-help spanning spiritual to psychological to motivational. For years I found myself thrown in different directions depending on what I was currently reading. Gullible doesn't begin to describe it. Luckily I have good friends who enjoy good discussions and are secure enough to challenge and be challenged. Slowly I'm learning to be less naive. :) But if something is compelling, like this article, that's a sign that there are useful nutrients which to be extracted. Even something that is 100% hand-wavy nonsense; if it is getting an emotional response that's a very valuable thing. That allows you to ask yourself, "How is this making me feel? Why?" For example I assert 3, 7, 8, and 10 all lack logical basis, but 3 and 10 were emotional push buttons for me; a way for my subconscious to speak. I do feel overly comfortable/lazy and irrationally cautious about making changes. Ignoring this does me no good. On the other hand 7 and 8 didn't evoke any response. I must be satisfied with my compensation and social life. Thanks for submitting this article, I've had a lot of fun in this discussion today.
Ahh yes, naive is the word. So you've read quite a bit of material already! Yeah discussions are very valuable, as I'm currently discovering. For me, many of Steve's articles evoke emotional responses. Next time I will pay attention to those emotions more closely, in stead of sucking in his every word like a sponge. My emotional push buttons from that list were 3, 9 and 10. No problem! I'm enjoying the discussion as well. And becoming slightly less naive in the process!
Aside from Hubski, I do research, which I really enjoy. Getting funds can be tough, especially in these times, but I enjoy the freedom and ability to be creative that it offers. Also, I can drink coffee, stare at a wall and think, and it's part of what I get paid do to. I'm personally skeptical of guys like Steve, however. The thing about self-help merchants is that their success is selling self-help advice, which might not work well outside of teaching people how to succeed by selling self-help advice. IMHO they often subtly make you feel deficient, so that you look for the answers outside of yourself, and thus to them. I think most people either have the personality to be bold and take risks, or create, or they need to go through a transformative experience to gain it. Or, some people just like the quiet life with routine.
I agree with mk as to his description of Pavlina. I don't see Steve having great success in anything except self-help, and as the old saying goes, to make a million dollars, write a book about how to make a million dollars and sell it to a million suckers. The passive income stream idea is great, but it's harder to do it successfully than people think. Of course that shouldn't discourage you, but don't expect to find a magic bullet that everyone else somehow missed - if it was easy, everyone would be doing it :) I personally look up to Derek Sivers, founder of cdbaby. His blog has some great advice about life. As for my work, I'm happy with what I do. It's intellectually challenging and I get paid reasonably well.
I'd go as far as to say that the author's passive income stream is based off predatory dishonesty in the form of this self-help advice. Getting to the point where you're your own boss and actually worth anything is a huge undertaking and gamble. It takes particular skills that most people are never taught nor possess. I've seen many pursue it; I'm not sure I've seen any come close to being able to live off it.
Yeah passive income is definitely a tough nut to crack, I don't expect it to be easy. But boy, having it all set up and rolling really is something desirable! Especially if you can do something you love doing to provide for the income. Oh I will definitely check out Derek Sivers. Thanks!
I enjoy my career, quite a bit. It allows me to travel (regionally), it provides for my family and I make my own hours and work from home. I see my "director" maybe once every other month and because I actually like the guy, I don't mind. I'm a salaried employee but I can receive additional compensation based on a bonus structure, which is nice. I get what I put in. The company I work for is consistently in Forbes' top 20 to work for. I also get the ability to provide new ideas to my organization and they actually listen and I have the ability to move up in the organization. -Both important things. Because I make my own hours and set my own appointments, my job affords me time to spend on things that are important to me: My family, making music, hubskiing etc. When I was younger I thought it was cool to complain about your job but now I couldn't be more grateful for the career I have. I love it. I disagree with much of his advice. Jobs can help you grow tremendously, it has a lot to do with the individual (and the job). Whether you have a job, a career or a "passive income source", (which by the way many careers have) the following quote is a good source of inspiration. It was told to me by my grandfather and below is how he translated it to me from the German he originally read it in: I slept and dreamt that life was joy. I awoke and saw that life was duty. I acted and behold, the duty was joy. -Tagore
Sounds like a nice and flexible job! Loved the Chris Rock video btw :D He is awesome. Nice distinction between job and career. I can't say how much I agree.. thanks to this post I've been thinking quite a bit today, especially about what I "would" do if, hypothetically speaking, I were to have so much money / passive income I wouldn't even need to work anymore. Just to test myself. And IMO that lifestyle simply doesn't work out if you don't have something meaningful to devote your life to, even if you have all the money and time you could possibly want.I slept and dreamt that life was joy. I awoke and saw that life was duty. I acted and behold, the duty was joy. -Tagore
Money doesn't mean shit as far as happiness goes. Some of the most miserable people I've met have been so wealthy they own private helicopters and employ pilots that are at their disposal at a moments notice. But there's nowhere to fly to when nobody wants to see you....
Yeah, exactly. I was reading another article from Steve yesterday (yep) on passive income that made me think about what I'd do if I had so much money I wouldn't have to work anymore. The End Game Of Passive Income. I made a list of what I'd do if I had so much money, and another list of what I'd do with all the time I'd have. And I have to say, that thinking trail got me so down that I went off to do some physical chores to get my mind straight. There's nothing down that road if you're not already happy and content now, doing the things that you really want to be
doing, right now. Some examples of items on the "if I had so much time" list were travelling, hiking more, composing music, writing a book, reading more fiction, working in dog rescue shelter, developing games, starting a meaningful website, ... It made me realize that I could already be doing all the things on those lists (especially the items on the "if I had so much time" list), but that I'm not. I just had a 3 month summer holiday where I did basically none of the things in the "time" list, though I had all the time in the world. I don't seem to be capable to get myself to do them somehow. That's what depressed me the most. But then, perhaps that was Steve's subtle intention... I ended up in the vicious trap of asking myself "what's wrong with me!?" and "why am I putting off doing the things I love?". Ugly place to end up in. Then I started writing down my excuses for not doing all those things, item per item. It basically came down to either "no one to do it with", "no money to do it", "no time to do it" (lol), "fear of doing it" and "no motivation/energy/drive to start doing it". Guess my problem isn't a lack of time or money. They're just excuses.
Oh yes, there are quite a lot of useful insights to be found in his articles! I've done a lot of introspection/"self-improvement" during the past year or so, thanks to him. Even though I don't always agree with him, he has changed my life for the better! If only it was easy indeed..
Be careful with this line of thinking. The thing about a normal job is that it comes with a normal paycheck, which is highly addictive. When I graduated from college I got a job as an engineer. It was boring as fuck, and I hated it. The upside was that I was making way more money than I ever had in my life. So I quit in less than half a year to go back to graduate school. I could see that if I kept this up I would buy shit, accrue debt obligations, and before long I would need the money instead of enjoy the money; thus, I would be stuck. Grad school is long and you almost starve but in the end, I have an awesome job that I love and get paid ok, too. Finding a way to monetize doing what you love is the key to being happy, I believe. I don't really feel like I have job; I feel like I get paid to play in the sandbox all day long (and drink coffee and stare at the wall, too).Maybe I'll stick to the "normal job" paradigm for a while after I graduate, who knows, but not for long anyways.
(Didn't really know who exactly to reply to, so guess I'll comment to the post!) I understand that many are skeptical about people like Steve. Though I can't help but feel that he is (or at least was, in his earlier articles) genuinely interested in helping people by sharing his knowledge. I'm quite gullible though, so I could be completely wrong too. Haven't read much other self-help stuff, but I've always felt that Steve provided me with tools so I can look for answers myself, instead of reaching out to him for answers. Maybe that also depends on what exactly you read from him though. His intentions aside, he has been a real eye-opener for me. I'm still pretty young and don't have much life experience besides, well, school and studying. He has sort of woke me up and made me realize that there is so much more to life than studying and working, that you are the one responsible for what your life looks like and how you live it, and that you really do have the power to get what you want from life. Whereas before I would feel rather grim and unmotivated thinking of what I'd do with my life. Of course, other things like TED also contributed to this turnaround, but Steve's site was the first time in my life that I'd been really rocked out of my daily routine for quite some time to reflect deeply about life and what I wanted from it. I do agree that he has a pretty one-sided view here. Seems like I kinda unknowingly jumped his wagon on this one. He throws any kind of job into the "this is absolutely bad and undesirable" pile while many jobs can also be very fulfilling, satisfying, and a source of wonderful experiences, like doing research as mk mentioned. You just need to find that job which does these things for you. Maybe what I was trying to say with "not wanting a normal job" was that I don't want to live my life working a job that doesn't satisfy me on a personal level and restricts me from doing the things in life I'd love to do. Or any job that bores me. So many people fall into this trap and work at jobs that demotivate them, stress them out and make them unhappy.
There is one quote that I tend to fall back on all the time as a guiding force in my life. It is from Theodor Herzl but I originally heard it in the Big Lebowski. It was brought squarely to my attention by sounds_sound who used to be (perhaps still is) a fan of it too. It's simplicity and truth is amazing. Regarding your career and goals, you will need no more "self help gurus" after this: If you will it, it is no dream
....or, Steve, you could just get a job that you like :P Seriously though, one thing about a 'normal job' that I like is the hours that it forces me to spend focused on a particular task. Actually getting the things my clients (and me) want completed takes hundreds of man hours and usually several million dollars. In order to make sure things run smoothly, it's paramount to spend a lot of the day getting all your ducks in a row. 80% of the time, there is only one way to accomplish this. Sit your butt down and work.