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Joined 6 months ago
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Cake day: July 10th, 2025

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  • But how do they pay off the loan?

    Often by selling the asset they bought with the loan - aka cashing out. They borrow to buy a property/business, make the loan payments with the rent/revenue, and then sell it for a profit without spending a dime of their own money. NOTE: They will pay taxes on the capital gains of the sale of that asset. But they won’t have paid income tax on the money they used to purchase the asset in the first place.

    They eventually need some sort of cash of their own right?

    They’ll open a line of credit against their portfolio… which is a loan where the minimum payment is just the interest. They can use that like cash for their daily expenses and they can pay it off whenever and it will be there when they need it like a credit card.

    Do they literally borrow to pay off a loan and do that infinitely?

    Yes. It’s called Return on Investment (ROI). You just need to borrow at a lower interest rate than the expected return plus expenses.

    Billionares don’t own things directly. They own stakes in corporations/trusts/etc that own things. They often have a salary that they pay income tax on, but that salary is only a fraction of their true income.




  • I still think you need to present examples that fit your definitions first. Assuming we’re only talking about selectivity here. Also you’ve kind of raised the bar on yourself by stipulating democracy, egalitarianism, etc.

    IMO if you control for selectivity you will find that it’s statistically insignificant and that the success of those examples was due to other factors not how selective they are.

    Like the closest thing I would agree exists is mennonites/etc but you don’t count patriachial and religious.



  • Your first decision is if you should change projects or stick with this one. Have you validated the concept? Will people pay for a finished version?

    Your next decision is if you should work with others. Either on this project or a different one. Almost any project that you could make a living wage will require scale. Unless you’ve identified a niche product that for whatever reason won’t.

    Another option would be to work freelance on other people’s projects. Maybe start a business fixing people’s vibe code. This will get you $$ the fastest IMO but could be hard to fit in your schedule.








  • Anecdotal evidence but I saw one parent say their 9 year old dgif and immediately asked them to play outside with them; which they rarely did prior.

    Kids want attention, thats why social media is so dangerous for them; they’re sitting ducks for predators.

    I work with kids and except for legit ipad babies, kids treat cellphones like a backup when there’s nothing better to do… they prefer playing games with other kids or engaging their parents/role-models.

    I personally see zero downsides to this. I genuinely hope Canada follows suite.