One of our first bad reviews came from a Lambda School student who called us a cult because we were bought into the “completely unrealistic” goal of “creating thousands of future Lambda School millionaires.” Now that doesn’t even feel ambitious. Can we do that in a year?
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Replying to @Austen
I think people really don’t understand what millionaires are like. The USA has over 11,000,000 millionaires, lots of them boring-looking dentists and accountants and so on who save money and live frugally. +2,000 via Lambda seems v conservative
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The seminal text on this is Millionaire Next Door. It's sort of new-ish in the US economy for there to be as many high-wage people as there are, particularly in software development. The traditional path was middle class income and prudent spending, with remainder in RE/stock.
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I would not recommend the book to most people reading this comment, but summary of findings: https://www.debtfreedr.com/the-millionaire-next-door/ …pic.twitter.com/wlTJMtRrZ1
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I feel like “They chose the right occupation” really deserves to be higher on that list
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My quibbles with it include that it misses the bullet point "Successfully avoided divorce, severe substance abuse, and either avoided or insured against primary income loss incident to recurring health problems."
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“Insulated themselves against the most likely existential risks”
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