In previous articles dealing with IP and patents, slashdotters often flame drug companies for patenting their drugs to prevent others from copying it. I believe this shows the inconsistancy in beliefs among slashdotters.
I personally believe that patents are just a tool. You can use it to protect or destroy.
I believe that IBM "repented" because of Microsoft and without them, IBM could have easily gained the title of the "Evil Corporation". Remember when IBM tried to monopolise the PC industry by coming out with MCA to go against the industry standard ISA?
I've gone through the Ramen diet before so I know how you feel, but many wealth people that I know personally went through the same thing. And the boom showed us that even during the good times, most people don't save.
Did you consider doing contract work? That's how I found my current job.
While there are jobs being shipped over to India, I found it interesting that the current work that we are doing right now involves an Indian store. The store owner told us that while he's aware of IT jobs going over to India, he couldn't find anyone in the local Indian community for his IT needs...
My friend is a loan officer and he told me that he deals with penty of people who make over $100,000/year (that's a very good pay for the Denver area) yet they still come in for emergency loan of two to three thousand dollars, which shows that hi income alone isn't enough either.
If you start out early enough and invest around $200 a month in a relatively safe funds, you can be rich by the time you retire. Only problem with this method is that while its tried and true, its also a long boring way and most people don't have the patience for it.
I'm one of those guys who aboused credit cards during my college years. Fortunatly, I managed to start digging myself out without runing my credit (unlike one of my good friend who ended up filing for bankruptcy). After I'm done paying them off, I will keep one for emergency purposes, but hopefully, my emergency fund will be big enough by then so that I don't have to resort to using the credit card.
I'll have to tell you that CC is like crack; I have to leave them out of my wallet so I don't get tempted to use them.
While there are exception to the rule as you mentioned but for most people (including myself as I just started to save for emergencies not long ago) they buy toys (even worse, buy toys on credit card!). As for the unemployment benifits, you are entitled if qualified but it should not be the sole source of emergency fund.
The above is the link to the parent of the article I mentioned. It does describe other types of wealthy people, and does include the types that you've mentioned, like people who got wealthy by inheritince and business.
I guess you've never heard of the power of compounding? If you start investing/saving early enough, you can become wealthy by the time you retire. This is the slow and not very exciting way to get righ.
You don't have have to hire a banker. For example, if you start investing $250 a month in a tax deferred IRA ($3000 a year for most people) at a average return of 12% (something like a Vangard 500) it will grow to close to $900,000 by the time you retire thirty years later. Before you complain that $900,000 won't be worth as much in 30 years, realise that it's better than being broke, and the congress will likely raiser the $3000/year limit in the future to match the inflation.
I didn't come with the above magic formula myself, it's a tried and true method listed in many financial books and web sites. You can go ahead and use your excuses to blow your money away but don't blame the world if you are broke at retirement and have to work at the Wal-Mart to make the ends meet.
It kinda does show that there are many wealthy people who are no different than the rest of us. I just picked the savers group because that's one sure (but slow) way to get rich. Almost anyone can follow their steps and suceed.
As for the stock, few got lucky and got out before the bust, but there are many people who lost out big. Everyone I knew personally who day traded lost big, but I guess you can't win big without taking big risks.
As for your business, best of luck to you. I'm currently runnng a web authoring/hosting side business myself right now. Sure, the odds are against us, but even if we fail, we can honestly say that we attempted to make our own destiny, instead of just rolling over and whining. Besides, Colonel Sanders were in his 60's, broke after his businesses failed, when he made millions from his famus "recipe".
Interestingly enough, we are in process of wrapping up a project for an Indian (as in India) store. The owner told me that he couldn't find anyone in the local Indian community with skills to do the website for him.
And I suppose you are going to use that as an excuse to not to save/invest? I suppose you are the type who believes that you can retire on social security alone.
3. Everyone should be taxed higher (esp. the rich) to support the poor. I don't want to lead the way by donating my time or money because I want to spend them on gaming.
4. I don't have three to six months worth of emergency fund saved up but still have money for beer, games, and other usless toys. If I get laid off, the government should simply extend the unemployment benefits because I didn't care to save.
I think that you'll have a hard time finding an IT job since most of them require 4 year CS degree and all the CS programs I've been in requires several semesters of Calculus.
I'd rate this post as one of the most stupidest posts I've read on slashdhot.
Why do you think people invest in stocks? Maybe to make money? You can raise net income by raising the revenue but there's a limit to it. So to maximize the net income, you also need to cut expenses, including labor costs. If the profit suffers, stock prices suffers as well and the rich aren't only ones stuffering. Good example would be the average Joes who found out that the value retirement accounts halved or even worse after the bust.
I don't want to remain a poor defense worker like you that bitch on slashdot all day because you are too close minded to do anything else. I've started a small side business, and even though the odds are against me (9 out of 10 small businesses fail within the first year, 9 of 10 remaining fail within 5 years). But even if I do fail, I can at least say I did something about it.
Take Esther Diller for example. She was a single mother when she was laid off in late 2000. Instead of giving up, she started her own mortgage brokerage firm in less than a year. She's doing good know, and even has a staff of ten people. That's right, she CREATED jobs!
Perhaps not stable but maybe more stable than before. During my unwise years, I bought a motherboard from PC Chips (crap!). It would hang during the installation of Windows 2000 Pro. However, I managed to get Red Hat 7.0 to install on it, although I couldn't run GNOME on it (it could crash after about 15 seconds).
More like SCO throwing in a Linux license for free without the knowledge of HP and do a press release on the increasing number of users getting the license.
Slashdot Mirror
In previous articles dealing with IP and patents, slashdotters often flame drug companies for patenting their drugs to prevent others from copying it. I believe this shows the inconsistancy in beliefs among slashdotters.
I personally believe that patents are just a tool. You can use it to protect or destroy.
So the slashdot crowd roots for IBM because IBM's the 'underdog' in the case of SCO vs. IBM?
Then I'm going to combine Viagra with Speed and patent it.
He already filed to get "You're fired!" trademarked.
There's no need since the BSA will make sure the U.S. based warez operator will get charged.
I believe that IBM "repented" because of Microsoft and without them, IBM could have easily gained the title of the "Evil Corporation". Remember when IBM tried to monopolise the PC industry by coming out with MCA to go against the industry standard ISA?
That would be unfair to the Democrats because it will seriously hamper their ability to raise money.
I've gone through the Ramen diet before so I know how you feel, but many wealth people that I know personally went through the same thing. And the boom showed us that even during the good times, most people don't save.
Did you consider doing contract work? That's how I found my current job.
While there are jobs being shipped over to India, I found it interesting that the current work that we are doing right now involves an Indian store. The store owner told us that while he's aware of IT jobs going over to India, he couldn't find anyone in the local Indian community for his IT needs...
My friend is a loan officer and he told me that he deals with penty of people who make over $100,000/year (that's a very good pay for the Denver area) yet they still come in for emergency loan of two to three thousand dollars, which shows that hi income alone isn't enough either.
If you start out early enough and invest around $200 a month in a relatively safe funds, you can be rich by the time you retire. Only problem with this method is that while its tried and true, its also a long boring way and most people don't have the patience for it.
Besides the answer by the AC, you can get OEM copy of XP home online for around $100, so I figure major OEMs can get them at a much lower price.
In my case, I'm running Slackware on my desktop not because of the pricing, but I dislike MS' EULA and activation feature.
I'm one of those guys who aboused credit cards during my college years. Fortunatly, I managed to start digging myself out without runing my credit (unlike one of my good friend who ended up filing for bankruptcy). After I'm done paying them off, I will keep one for emergency purposes, but hopefully, my emergency fund will be big enough by then so that I don't have to resort to using the credit card.
I'll have to tell you that CC is like crack; I have to leave them out of my wallet so I don't get tempted to use them.
I second this post. Otherwise, no major OEMs would ever offer Linux preinstalled with their computers.
If Bill said it, it must be true.
While there are exception to the rule as you mentioned but for most people (including myself as I just started to save for emergencies not long ago) they buy toys (even worse, buy toys on credit card!). As for the unemployment benifits, you are entitled if qualified but it should not be the sole source of emergency fund.
Parent Article
The above is the link to the parent of the article I mentioned. It does describe other types of wealthy people, and does include the types that you've mentioned, like people who got wealthy by inheritince and business.
I guess you've never heard of the power of compounding? If you start investing/saving early enough, you can become wealthy by the time you retire. This is the slow and not very exciting way to get righ.
You don't have have to hire a banker. For example, if you start investing $250 a month in a tax deferred IRA ($3000 a year for most people) at a average return of 12% (something like a Vangard 500) it will grow to close to $900,000 by the time you retire thirty years later. Before you complain that $900,000 won't be worth as much in 30 years, realise that it's better than being broke, and the congress will likely raiser the $3000/year limit in the future to match the inflation.
I didn't come with the above magic formula myself, it's a tried and true method listed in many financial books and web sites. You can go ahead and use your excuses to blow your money away but don't blame the world if you are broke at retirement and have to work at the Wal-Mart to make the ends meet.
It kinda does show that there are many wealthy people who are no different than the rest of us. I just picked the savers group because that's one sure (but slow) way to get rich. Almost anyone can follow their steps and suceed.
As for the stock, few got lucky and got out before the bust, but there are many people who lost out big. Everyone I knew personally who day traded lost big, but I guess you can't win big without taking big risks.
As for your business, best of luck to you. I'm currently runnng a web authoring/hosting side business myself right now. Sure, the odds are against us, but even if we fail, we can honestly say that we attempted to make our own destiny, instead of just rolling over and whining. Besides, Colonel Sanders were in his 60's, broke after his businesses failed, when he made millions from his famus "recipe".
Interestingly enough, we are in process of wrapping up a project for an Indian (as in India) store. The owner told me that he couldn't find anyone in the local Indian community with skills to do the website for him.
And I suppose you are going to use that as an excuse to not to save/invest? I suppose you are the type who believes that you can retire on social security alone.
It's nice to read a refreshing post like this instead of the usual:
1. I put $3000 on my credit card to buy a phat stereo system for my car/home and it's the credit card companies fault that I'm in debt.
2. You can't be rich unless you cheat. (even though 24% of the wealthy population became wealthy simply due to hard work, by living below their means and taking moderate risks.
3. Everyone should be taxed higher (esp. the rich) to support the poor. I don't want to lead the way by donating my time or money because I want to spend them on gaming.
4. I don't have three to six months worth of emergency fund saved up but still have money for beer, games, and other usless toys. If I get laid off, the government should simply extend the unemployment benefits because I didn't care to save.
I think that you'll have a hard time finding an IT job since most of them require 4 year CS degree and all the CS programs I've been in requires several semesters of Calculus.
I'd rate this post as one of the most stupidest posts I've read on slashdhot.
Why do you think people invest in stocks? Maybe to make money? You can raise net income by raising the revenue but there's a limit to it. So to maximize the net income, you also need to cut expenses, including labor costs. If the profit suffers, stock prices suffers as well and the rich aren't only ones stuffering. Good example would be the average Joes who found out that the value retirement accounts halved or even worse after the bust.
I don't want to remain a poor defense worker like you that bitch on slashdot all day because you are too close minded to do anything else. I've started a small side business, and even though the odds are against me (9 out of 10 small businesses fail within the first year, 9 of 10 remaining fail within 5 years). But even if I do fail, I can at least say I did something about it.
Take Esther Diller for example. She was a single mother when she was laid off in late 2000. Instead of giving up, she started her own mortgage brokerage firm in less than a year. She's doing good know, and even has a staff of ten people. That's right, she CREATED jobs!
Perhaps not stable but maybe more stable than before. During my unwise years, I bought a motherboard from PC Chips (crap!). It would hang during the installation of Windows 2000 Pro. However, I managed to get Red Hat 7.0 to install on it, although I couldn't run GNOME on it (it could crash after about 15 seconds).
More like SCO throwing in a Linux license for free without the knowledge of HP and do a press release on the increasing number of users getting the license.