What is Digg?84 Comments
- cmiller1, on 10/12/2007, -1/+30How about giving us some other options.
- meshgiath, on 10/12/2007, -1/+22"...get to work, eat your lunch, buy cloths..."
"...becoming sick, in accident or are forced to retired."
"If you trade hours for dollar..."
Grammar and spelling ftw!
To the author:
While I appreciate all the finger pointing and telling me what a waste I am for keeping my country's economy running (you're welcome. ass.) I still have not ever heard of you OR any of the pieces of your "dot com empire". Thanks for posting on the internet what is basically a 3:00a.m. infomercial on how to get rich without really having any useful information for anyone. - 500freestyle, on 10/12/2007, -1/+22I trade my dollars for sex.
- NJank, on 10/12/2007, -0/+18thats because he doens't trade hours for the dollar. He waits for you to start buying some of the books and 'insightful reading' and other fun stuff he links to. Or, just click on the ads to other people's things. Income with no time investment on his part. Brilliant!
- Mudcrutch, on 10/12/2007, -1/+17I would like to trade this article for a better one.
- inactive, on 10/12/2007, -2/+17John Chow dot Com
The Miscellaneous Ramblings of a Dot Com Mogul
You can't help but smell a .. tinge... of conceit in the article. Saying that sacrificing time for money (or "hours for the dollar" as he so cleverly puts it) is the worst method is not entirely true. For some people it works out well, and while a lot of people (including myself) are better off with a not-so-time-for-money deal it's not really fair to make such astute and almost degrading rhetorical observations like "How come my company, TTZ Media Inc only pays 17.5% tax on its income while you have to pay 50% if you made the same amount?"
I wouldn't really bother reading this article if you haven't. It just implies that this person thinks their time is worth a lot more than those of other people. - evangelion01, on 10/12/2007, -3/+171: quit your job
2: get contracts mowing lawns, cleaning offices, houses and restaurants.
3: get illegal aliens to do it for you, pay them half of what you get
4: get more and more and create an empire. - geminitojanus, on 10/12/2007, -1/+14Investing: where did you get the money to invest?
Getting others to trade hours for dollars for you: Great, where'd you get the money to pay them?
The problem is, when you start integrating, you'll find that the end sum of things is that you traded hours for money, whether you did it directly, or very, very indirectly. - itsbecca, on 10/12/2007, -1/+13This is, for lack of a better word, silly. Literally half of his "points" ride on the assumption that taxes are a bad thing. Yeah, sure, no one likes to pay taxes, but guess what? They aren't just the aristocracy padding their pocket books. They're used for education, public works, social programs, law enforcement etc. etc. etc. Now while we could argue whether you would like to support some of the things on the previous, I don't suppose theirs many people who will complain that they have a paved road to drive on or a prison system for seperating the criminals from themselves.
Paying taxes is funding the luxuries that you enjoy everyday. Insinuating that by paying taxes you're wasting your life is a bunch of immature tripe. - DruSam, on 10/12/2007, -4/+14So what? The Nintendo Wii site has been on the front page of Digg for 100 times this week. If people like it, they will digg it.
- Antialias, on 10/12/2007, -1/+11Investing or getting other people to work for you.
- sohlemac, on 10/12/2007, -0/+8the old addage is correct time=money evaluates to true.
- sohlemac, on 10/12/2007, -1/+9There are essentially 2 options for the average person: own a small business or work in a job. The unfortunate part is that 90% of small businesses fail. For the most part, we're stuck as wage slaves.
- buyer687, on 10/12/2007, -0/+8"I have never held a job for more than a year of my entire life"
At least the blog is from someone reliable. - ai42, on 10/12/2007, -0/+8I have several contentions to this article. And for some perspective I had my own business for almost 3 years and I did quite well for myself, I simply stopped because the stress was too much. First of all very few of us actually pay 50% taxes on the dollar. And those who do well you are making a damn good living. Owning your own business is quite stressful work. You can mitigate it by having large savings accounts for when business is slow etc. But there is no way around it when you own a business you are dealing with easily thousands of your dollars every day that you can make money on or lose out on. At least for me I ended up working 80 hour weeks and while it was great money working dawn till dusk 7 days a week gets very very tiring. There are reasons people work for large companies such as 401k, and health benefits (however in my opinion if you are not making enough money in your own business to pay up for health then you are not in the right business). As far as trading only so many hours for work then fine. Theoretically when you have your Internet shop you are making money 24/7 but when people buy stuff from you they expect you to deliver so if it is busy you often (and I know this very well) will end up working 2-3 times more time during busy times of the year. So while you are making a ton of money you end up having to put in long hours to make it and you have very little control over this.
- dodoporridge, on 10/12/2007, -0/+8Exactly! That's what I thought. I found the article idiotic. Especially when the author says he doesn't understand why people "choose" to work jobs. Gee, I wonder if they do because the only other viable option is homelessness.
It's true that working for someone else likely won't get you far, but just telling someone that without offering VIABLE alternatives is useless. - EochaidRiata, on 10/12/2007, -0/+7"Trading hours for the dollar is like the worst possible method"
I like was totally like just saying that to my like friend OMG.
I suppose adopting the vernacular of a valley girl IS the worst possible method.
:/ - sfatoo, on 10/12/2007, -1/+8Is this guy related to our good buddy Tom Vu? (http://infomercial.tvheaven.com/tomvu.htm)
You know, in the last ten years on the way to make these millions wasn't easy. At first I got lots of discouragement from friends and stranger who are loser. You know what these people kept telling me? They kept saying, "Well Tom Vu, you're a crazy nut. Here you are a poor immigrant...Look at all people out there; they're smarter than you, and they're not even rich. Who are you to try?" And you know what, I had to keep telling these people every time, I kept saying, "You a loser! Get out of my way! I make it somehow!"
His blog post is pretty much just as useless as those infomercials.. - YossarianDent, on 10/12/2007, -1/+8Ditto. It's funny how he already has a big head despite being amazingly unimportant...and he has people posting comments thanking him for telling them they're chumps and offering no solutions.
You're no Kiyosaki. If not working is working out for you, great. Try not to patronize the rest of us on your way up, because the way down can be a real bitch.
(BTW, submitter, thanks for the utterly useless article.) - smcgrath, on 10/12/2007, -0/+5I always thought the point of being a mogul was to have others refer to you as one, not to be self-proclaimed.
- seventoes, on 10/12/2007, -4/+9Maybe it has quality articles? Hmmm?
- Eicos, on 10/12/2007, -0/+5It’s nice that the author is able to write this fine article about how silly people are to work for a living. The world would work fine on pure arbitrage, right? Oh wait… people still have to work to build the computer the Chow is using, mine and produce the energy that runs it, and maintain the infrastructure that allows the whole shebang to operate. You can trade good A for good B, or make a killing in derivatives, but all it really comes down to is exploitation. Finance is important, but what makes the world go round is the back-breaking labor of the working people whom he so shamelessly derides.
- sneakerelph, on 10/12/2007, -0/+5man, screw this guy. he's basically saying "i don't understand why people work."
yeah, hold on while i quit my job. where is my money going to come from?
not everyone can be like paris hilton. this guy seems like a spoiled brat who doesn't know how the world works. - tarmithius, on 10/12/2007, -0/+5I understood it as he was trying to suggest everyone become a corporation. Maybe I read way too much into it but he did state it in the last third.
- chatche, on 10/12/2007, -0/+4wow I think this guy is on to something! We should all quit our jobs and when no one takes our trash out or cleans our toilets we'll just....ummmm.......wait.......uhh....
.....Can't someone else do it?.....(Simpsons quote) - BrainInAJar, on 10/12/2007, -0/+4personally, i'd foregoe raises altogether if it meant i had to come in to work less and less as time progresses (as in, instead of doubling my wage after 5 years, half my work week)
I don't need more money, I need more leisure time - ai42, on 10/12/2007, -0/+4Oh I had people working for me. But unfortuently it only goes so far, when your employees refuse overtime and you cannot find temp workers willing to work for the holidays. When there is simply too much work to do you end up becoming the buffer and doing the work yourself. And I was doing quite well for myself I was making almost 4 times what my current salary is. However, now I work a straight 40 hour week and I get full benefits that I don't have to pay for. I also saved and invested my money wisely and I can easily live on my current salary.
- inactive, on 10/12/2007, -0/+4Hell, let's declare everybody rich and make robots do all the work.
That'll be the perfect plan.
Nothing can go wrong. - dhughes, on 10/12/2007, -0/+4 Be a criminal.
- qwertydvorak, on 10/12/2007, -0/+4@YossarianDent: when i read it, i thought to myself "someone just finished Rich Dad, Poor Dad"
- Devilhorn, on 10/12/2007, -0/+4trust me, this guy maynot "work" like us wage slaves, but he spends WAY more time worrying about money, (and not having enough of it) than we do in our 40 hours a week.
- geekee, on 10/12/2007, -0/+4To be fair, the reason why businesses get so many tax breaks is they're trying to tax their profit, not their revenue.
- Urusai, on 10/12/2007, -0/+41. Steal, inherit, or con a wad of loot.
2. Use your money to hire wage slaves to make you more money while you chill on your yacht.
3. Profit!
Step 1 can sometimes be something like work hard, work smart, get paid, save money, whatever, but seriously you have a better chance of winning the lottery, so don't bother. - NomenNescio, on 10/12/2007, -1/+4We are all slaves of time.
- inactive, on 10/12/2007, -2/+5He's right. He's not being more specific because there aren't any easy answers. Martin Short had an interesting line: "My rock bottom is still better than your wildest dreams." He didn't start off with money, neither did most of the rich people I know. A few inherited, most of them are useless. But the majority earned their money and almost none of them did it within a corporate 9 to 5 job. Here are a couple articles by Robert Kiyosaki. You may not like the tone but what he's saying is exactly right.
http://finance.yahoo.com/columnist/article/richricher/8211
http://finance.yahoo.com/columnist/article/richricher/9775
The bottom line is you're never going to get where you really want to be in life working for someone else. - museo, on 10/12/2007, -0/+3I'm sure drug dealing gets around most of those nasty problems the author pointed out...
- cvelusc, on 10/12/2007, -0/+3Straight from his "about" ( http://www.johnchow.com/index.php/about/ ) page: Consider yourself blessed to be reading his blog. Man's conceded. Don't need someone like him telling me how to live despite his apparent successes.
- graizur, on 10/12/2007, -0/+3There are many reasons to be a wage slave. Also if you make a small enough amount of money a year the Gov gives it all back. :-) be poor and make do with your smarts. People should definitely value their time more then the amount of money some company is willing to pay them for it. That is just good negotiations. No matter how much they pay me it is never enough. Until the point where they pay me enough where I don't have to work at all.
- Surfx, on 10/12/2007, -0/+3Here's a much better, indepth article about why you should be self-employed.
http://www.stevepavlina.com/blog/2006/07/10-reasons-you-should-never-get-a-job/ - Jack9, on 10/12/2007, -1/+4My advice is posted on the site.
Get a job ya bum. - dkcronin184, on 10/12/2007, -2/+5He only says why he thinks it's bad to have a job. Well, what are the options, I didn't read any mentioned. I like having a job because..
a) I can afford someplace to live.
b) I can afford food to eat.
c) I have a car I can drive to go places.
d) It's better than living in a cardboard box, eating garbage. - neko6, on 10/12/2007, -0/+3It's true that working is the worst possible way to make money - a high payed careerperson will usually earn less then a low earning small business.
But working has alot of benefits u can't sum in money:
1. If the company dies u can always move to another, so you don't need to worry all the time.
2. You can develop a career (i.e.: learn new skills and do different more interesting things).
3. You don't need to work 24/7 (being a business owner means u have 2 b constantly on the watch).
In other words, the better ways are trading money for more money (easy to make millions when u r a billionare), or trading worries for money. U know what? I think hours is a better deal. - cvelusc, on 10/12/2007, -1/+3P.S., Alexadrian could you please do me/us a favor and not submit this crap?
- gklinger, on 10/12/2007, -1/+3I may be overly harsh in saying so but I think the author of the article is, what's the word I'm looking for... oh yeah, a douchebag.
- garfvader, on 10/12/2007, -1/+3A job is typically only easy to lose if:
a) you're not good at your job
b) you're not necessary
Typically, avoiding those two points when choosing a job can definitely give a pretty good sense of security. - Crucifix, on 10/12/2007, -0/+2Ask yourself, "If I had a great idea for making money without working, would I be willing to let everyone else have a piece of it?" It should be clear why he doesn't list options - you have to figure it out for yourself.
As for having a place to live, a car, etc... why do you think you can't have that without working 9 to 5? You're must be of the mindset that all that stuff comes from a job, when it's actually paid for with money. Money doesn't require a job. A job serves only to stay your fear of security (which is an illusion by the way - it's very easy to lose a job). - Vokas, on 10/12/2007, -0/+2that is a very interesting concept.
- signal15, on 10/12/2007, -0/+2Why are you guys diggin Mabhatter down? He's right.
No one ever gets rich working for someone else (with very few exceptions). You need to take matters into your own hands. Make people work for you, develop a brilliant idea, patents, etc.
How many people do you know that have a job working for someone else and they are rolling in the dough? Not many I suspect. And believe it or not, a 6-figure salary sounds like a lot when you're not there yet, but once you get there, you realize it's still not that much. - signal15, on 10/12/2007, -0/+2Having a different tax structure for different income levels is not fair though. Additionally, the "rich" have more options to put their dollars in a tax shelter.
Why not implement a consumption tax, similar to the VAT in Europe, and do away with income tax completely. If you're rich and want to live lavishly, you pay a ton of tax. If you're poor and are just buying food and necessities, you pay little tax. The government saves billions of dollars a year because they can downsize the IRS, and it encourages people to save money which reduces government funded charity. Actually, the one decent thing the Bush administration had talked about doing was getting rid of income tax in favor of a consumption tax. There are several web sites out there dedicated to pushing this through, read the numbers they came up with, it's very intersting. - fatdog789, on 10/12/2007, -1/+3Marked as spam.
It seems this guy has a bunch of diggbots spamming his articles to the frontpage. It would be wise for Digg to start blocking further articles from this site... -
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