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flyer.
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May 11, 2016 at 6:49 PM #797496May 11, 2016 at 8:01 PM #797498
njtosd
Participant[quote=FlyerInHi]NSR, being creative is no recipe for success if you don’t create things that people want to buy. Sure, Americans are creative with products such as the iPhone which was created by immigrants more than natives.
But if you want to be an actor, musician, sculptor, winter, the numbers are against you. good luck making a living. That’s where social benefits like kindercare, health care, free college, higher minimum wages are helpful.
I hope you have a subsidy for your kids so they can pursue the life of their dreams. Otherwise, push them to have a “backup plan/insurance policy”.[/quote]
Americans are also creative with things like biotechnology, pharmaceuticals, computer graphics (read The Pixar Touch, it’s fascinating), e-commerce, hmmmmm what else? Sorry Brian, but I think you underestimate the value of and the demand for creativity because you can’t recognize it sitting right in front of you.
May 11, 2016 at 8:05 PM #797499Participant[quote=flu]I’ll offer an alternative theory. I’m actually pushing myself to try to be the richest, most selfish person I can be, and trying to accumulate as many properties and resources that produce passive income as possible. That way, my kid can just inherit it and live a significantly less stressful life.
College is only for the purpose of if my kid has a personal interest in something, to have a paper that says my kid isn’t a complete idiot, and to teach basic principles of math, science, accounting, finance, and to meet people.
Afterall, the best way to make $10million, is to start out with $8million. And to be able to buy your way into things, like a diploma, or connections, etc. Just like…. Trump.[/quote]
Years ago, a woman I knew had a baby and shortly thereafter began to cry telling her husband that she didn’t want anything to happen to the baby. He said – the baby’s fine, there’s no problem. And she said “No, I mean I don’t want anything to happen to him ever.” I respect and am impressed by your plans, but don’t forget that people without the need to earn a living can go a bit off the deep end. Too much time on ones hands can lead to bad results. Sometimes what we want to give our kids and what is best for them are two different things.
May 11, 2016 at 8:35 PM #797501FlyerInHi
Guest[quote=njtosd][quote=FlyerInHi]
Americans are also creative with things like biotechnology, pharmaceuticals, computer graphics (read The Pixar Touch, it’s fascinating), e-commerce, hmmmmm what else? Sorry Brian, but I think you underestimate the value of and the demand for creativity because you can’t recognize it sitting right in front of you.[/quote]All true and thanks for reminding. These are all tech and creating products masses want or need to buy.
I have a young cousin who is also my friend. Math major and good at it, can find plenty of jobs, can work in Silicon Valley if he wants. Dad worked at bell labs and pushed him but he hates corporate work.
But there’s no trust fund and his real love is being a music promoter. Booking bands to perform at venues. There is not a big demand, but some select people do make money. Not sure how good he’s at it but he has a nice collection of records. He actually knows the value of records and he buys and sells them to make money.
Now, in his mid 30s, through a serendipitous marriage and a wife who supports him, he will pursue his dream. He’s lucky. He’s has a paid for house and a fallback if things don’t work out. Not everyone can do that.
Just saying that in a corporate for profit world, there’s a lot of assimilation required to make a living.
May 11, 2016 at 8:51 PM #797502scaredyclassic
Participant[quote=njtosd][quote=flu]I’ll offer an alternative theory. I’m actually pushing myself to try to be the richest, most selfish person I can be, and trying to accumulate as many properties and resources that produce passive income as possible. That way, my kid can just inherit it and live a significantly less stressful life.
College is only for the purpose of if my kid has a personal interest in something, to have a paper that says my kid isn’t a complete idiot, and to teach basic principles of math, science, accounting, finance, and to meet people.
Afterall, the best way to make $10million, is to start out with $8million. And to be able to buy your way into things, like a diploma, or connections, etc. Just like…. Trump.[/quote]
Years ago, a woman I knew had a baby and shortly thereafter began to cry telling her husband that she didn’t want anything to happen to the baby. He said – the baby’s fine, there’s no problem. And she said “No, I mean I don’t want anything to happen to him ever.” I respect and am impressed by your plans, but don’t forget that people without the need to earn a living can go a bit off the deep end. Too much time on ones hands can lead to bad results. Sometimes what we want to give our kids and what is best for them are two different things.[/quote]
Even little tiny kids like to do it “all by myself”. I’m over 50 and I still don’t like help from mom…
The struggle is what makes it real.
The goal is to get them out. Although I often ask my wife if it might not have been wiser to emotionally hobble them so they’d be more dependent on us
May 11, 2016 at 9:00 PM #797503zk
Participant[quote=AN][quote=bearishgurl][quote=AN]You quoted the wrong person.[/quote]How so?[/quote]
Because I didn’t type the things you quoted.[/quote]Come on, AN. You’re a couple of Chinese dudes. Or something similar. You think you’re entitled to her being able to tell you apart? First, you’re clogging up UC, and now you’re bitching because she can’t tell you apart? The nerve.
May 11, 2016 at 10:45 PM #797505an
Participant[quote=zk][quote=AN][quote=bearishgurl][quote=AN]You quoted the wrong person.[/quote]How so?[/quote]
Because I didn’t type the things you quoted.[/quote]Come on, AN. You’re a couple of Chinese dudes. Or something similar. You think you’re entitled to her being able to tell you apart? First, you’re clogging up UC, and now you’re bitching because she can’t tell you apart? The nerve.[/quote]LoL. You crack me up.
May 12, 2016 at 2:07 AM #797506
CoronitaParticipant[quote=scaredyclassic][quote=njtosd][quote=flu]I’ll offer an alternative theory. I’m actually pushing myself to try to be the richest, most selfish person I can be, and trying to accumulate as many properties and resources that produce passive income as possible. That way, my kid can just inherit it and live a significantly less stressful life.
College is only for the purpose of if my kid has a personal interest in something, to have a paper that says my kid isn’t a complete idiot, and to teach basic principles of math, science, accounting, finance, and to meet people.
Afterall, the best way to make $10million, is to start out with $8million. And to be able to buy your way into things, like a diploma, or connections, etc. Just like…. Trump.[/quote]
Years ago, a woman I knew had a baby and shortly thereafter began to cry telling her husband that she didn’t want anything to happen to the baby. He said – the baby’s fine, there’s no problem. And she said “No, I mean I don’t want anything to happen to him ever.” I respect and am impressed by your plans, but don’t forget that people without the need to earn a living can go a bit off the deep end. Too much time on ones hands can lead to bad results. Sometimes what we want to give our kids and what is best for them are two different things.[/quote]
Even little tiny kids like to do it “all by myself”. I’m over 50 and I still don’t like help from mom…
The struggle is what makes it real.
The goal is to get them out. Although I often ask my wife if it might not have been wiser to emotionally hobble them so they’d be more dependent on us[/quote]
Well, this is a true story I heard from a family friend recently that cracked me up.
This guy from a UC school is a EE major had a girlfriend that was going through medical school that he wanted to marry. His girlfriend’s parents objected because they wanted her to marry someone more “successful” like someone that was going to be a doctor too. So the kid, seriously considers going through medical school. He sits down and does a cost benefit analysis of how much time and how many years it will take him to be a practicing physician, factoring in the cost of medical school, opportunity cost of being a low paid intern afterwards, years of specialization afterwards, and final average pay as a doctor. He then does the same thing for an EE graduate
… And then he has an epiphany. … Both are crappy deals financially and ,right after he graduated with top honors from UC /EE program, he decides to open a shaved ice drink place in San Diego, with some money his parents bank rolled for him instead of going to med school.
Guy is currently making a killing and looking to franchise his brand. The guy hasn’t looked back.
Lol
I think the issue really is how self motivated is one individual in wanting to achieve something. Education alone, perhaps is just a tool to get there, and perhaps what a lot of people don’t understand, is the entire “tiger parent” thing has very little to do with the actual grade, but more so a tool to train kids to be self motivated and self competitive and to learn how to learn outside of school.
Personally, I think how lazy you are or how uncomfortable you are to learn something new on your own or from other people has far more dangerous consequences. So those 3 qualities alone are extremely important, imho.
May 12, 2016 at 5:12 AM #797508flyer
ParticipantAgree that if your heart isn’t in it, going after a career in medicine would not be very rewarding.
My daughter, who is an MD, and most of her closest friends who went into medicine never wanted to do anything else, and felt it was their calling, so there never was a second choice in their case. They’re in it to try to save lives, and that’s the aspect they talk about most.
Even though most in her particular circle really don’t have to work for various reasons (wealthy spouses, trust funds, other passive income, etc.) none of them would want to do anything else. My other kids feel the same about what they’re doing.
We’ve watched our kids and many others combine their interests with the financial aspect, and a lot of self-motivation, much as your relative has, flu, and it definitely seems to be a winning combination for success.
May 12, 2016 at 6:00 AM #797509Anonymous
GuestHow many servings of shaved ice does one have to sell in a year in order to make, say, $100K?
May 12, 2016 at 6:06 AM #797510The-Shoveler
ParticipantI don’t know but I am going to take a guess hmmm Zero.
Most likely he would hire someone else to do that.
I really admire anyone who goes into the medical field, the hours are brutal and the work extremely stressful.
It always cracks me up when people say the next gen will only work when they feel like it, they have never worked in public service or a hospital LOL.
May 12, 2016 at 8:02 AM #797512CoronitaParticipant[quote=harvey]How many servings of shaved ice does one have to sell in a year in order to make, say, $100K?[/quote]
$6-7 per cup sold and maybe 50cents in materials per cup at most. I don’t know, pretty steep markup if you ask me.
Must be doing really well if he’s franchising the business. Then more other people do the real work.
May 12, 2016 at 11:27 AM #797514Guest[quote=harvey]How many servings of shaved ice does one have to sell in a year in order to make, say, $100K?[/quote]
And at one point, before obamacare, he likely did without health insurance. Could have gotten sick.
Owning a business is tough. Rubio the fish taco guy and Oscar the chicken guy are not doing so well.
May 12, 2016 at 2:03 PM #797517CoronitaParticipant[quote=FlyerInHi][quote=harvey]How many servings of shaved ice does one have to sell in a year in order to make, say, $100K?[/quote]
And at one point, before obamacare, he likely did without health insurance. Could have gotten sick.
Owning a business is tough. Rubio the fish taco guy and Oscar the chicken guy are not doing so well.[/quote]
Well apparently, he’s probably doing better than most doctors are. After all, he did end up getting married so I heard, lol.
May 12, 2016 at 3:05 PM #797519Guest[quote=flu]
Well apparently, he’s probably doing better than most doctors are. After all, he did end up getting married so I heard, lol.[/quote]Yes, good for him…
My point is I actually agree with the bride’s parents. Marry someone who will provide security. Love will wear off. And poverty will wear love even faster.Creativity is oversold. It only works (statistically speaking) within the context of the establishment, or if outside of it, only for a statistically small number of people.
If I were a parent, I would send my kids to prep school and push them to get at least a graduate education from a top school.
To relate to Asian values, that reminds me of Ang Lee. He’s a multimillionaire now, but his parents still don’t think being a filmmaker is all that. They wanted him to be a professor, at a prestigious university.
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