The optimistic take is that this is, primarily, because people who are alive at this exact moment in time have more opportunity to create more wealth for more people than at any other time in history.
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Did he raise vc for this biz or bootstrap?
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No comment
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How do we politely tell Austen to tone down his Twitter persona before unscrupulous people in the media etc come after him and/or his friends?
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Who am I talking about?
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It has never been easier for normal individuals to make a huge impact on the world. I think that's amazing.
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How is it that a huge payout is equivalent to huge impact on the world? Jonas Salk had a huge impact on the world and didn't ask for anything in return.
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Don’t think anyone said they’re equivalent
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Entrepreneurship enables economic empowerment that has never existed until now. I am from Northern Wisconsin. Due to my entrepreneurial endeavor when I was 22 I made the same salary of my father. By 23, I made twice that. My kids will never know economic hardship.
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You presume too much, Scott. I think the most you can say is that you will try to prevent your kids from experiencing it. But you can only control so much, and your kids and the economy are both beyond your ability to control. Besides, some hardship is not necessarily bad.
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Make it interesting. Tell him that whoever in the group chat guesses the closest to the price gets a quarter mil lol
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And 1 mil if they get the exact figure
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I only hope that I can make it to “Buying a yacht and financially independently cruising (sailing) for life on $3k a month” in the next few years. The bar is pretty low and attainable.
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Sounds about right; My budget in 2001 was $300/month living expenses in Mexico, 1,200/year for trips ”home” and $3,000 for annual maintenance (haul outs, repair & replace, etc.) Never really suffered or sacrificed for the life.
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It's my dream life. So happy that it's not expensive :)
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Also my stretched $3k a month includes occasional major maintenance, dock fees, hotel for the weekend, panama (!) expenses, imported wine, health insurance, etc
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Health insurance is much less of an issue in the more enlightened countries of the world (everywhere else but the US). Most of us had cash in the bank (self-insurance) and then, since we were SCUBA divers, we had DAN travel insurance which covers _a lot_ for cheap
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Worldwide insurance coverage is $3k a year for expats. They just don’t cover the USA because we have the most expensive wasteful system in the world (I’m just returning from Thailand where a hospital visit is $60-100)
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