The Age Of Making Money Is Over

[Natural_Born_Cynic]

what was the point of the video? What does that dude suggest doing then? If he's been recommending coding or something like that then for sure he's going to feel like everything's hopeless with AI taking over jobs.

Better save your money now and be an investor or a landlord in the future. Most employees are going to be obsolete in a Tsunami of mass layoffs.

My friend was a coder for the past 6 or 7 years in bay area California. He just got laid off about two months ago. Now he's travelling the world. I suppose that's smart. You only live once, better see things before the money dries up.

Yes, I heard Silicon Valley has laid off over 300,000 people for the past few months this year. I am sorry to hear about your friend's layoff.
I hope he got some savings and some plan to live abroad in a cheap country. Normally people from Silicon Valley's FAANG jobs get scouted by lower tier companies when they get laid off. If he is a software engineer from the Valley, he can apply for mid to lower tier companies and get accepted there. Although the salary would be half as much...as he got from the Valley. One of my college Professor worked for Google but then got laid off and end up teaching at my University. His salary was only 150k, half of 300k. It was back in 2014.

AFAIK he wasn't an engineer. He started out just doing a coding bootcamp with guaranteed job placement, and described his job as being a "digital factory worker" so it sounds like he wasn't very high up in the food chain. I don't think he has much savings. Living in coastal California puts a big bite into whatever income one makes. He does have a nice organic 20 acre fruit and vegetable farm to fall back to that his dad has basically paid for and built up over the years. He also pays child support to his daughter's mom since they divorced a few years ago.

Honestly what you just said about that sheer quantity of layoffs really makes me doubt heading back to the USA. I've been three years out of my industry (trucking) and things haven't been that great for trucking lately either. Makes me wonder if there would really be that many opportunities. Of course, I have to try. It's not like I'm going to opt for trucking in South America or something. Maybe someday just for fun in Chile (supposedly highest-paying country in SA for truckers) but USA is still the best for trucking. Australia probably a close second, but they don't have work permit options for truck drivers, and that country is too isolated, and I would feel nervous being there after seeing how they acted post-Wuhan.

My bad.. Tech crunch said over 200,000 ,but that is still sizable chunk and it's still insane!
https://techcrunch.com/2023/07/06/tech- ... offs-2023/

Well at least your friend has his dad's farm to fall back to.

You were a Truck Driver? Truck Drivers make good money now. The starting salary in my area, the East Coast, is 72k with benefits.
I heard you can make lot of money in the trades in Australia.. I don't know about the work permit requirement there. Still you can get into the trades in the U.S and make some decent money although you have to go through their school program and work your way from the bottom..

I know Germany has a good apprenticeship trades program... but you must speak some German and get student Visa there.

Yeah.. I don't know. I was hoping to switch my career into tech, but since the coming of Chat GPT, the possible recession, and learning new frameworks until the day you die, I rather pass. Logistics doesn't make me rich, but at least it pays the bills and leaves me some money to invest.
It's not ideal, but better than nothing..

[kangarunner]

Yeah.. I don't know. I was hoping to switch my career into tech, but since the coming of Chat GPT, the possible recession, and learning new frameworks until the day you die, I rather pass. Logistics doesn't make me rich, but at least it pays the bills and leaves me some money to invest.
It's not ideal, but better than nothing..

I'm a web developer and I hate it. Yes you're right, constantly learning things is a pain the ass. Web development is kind of slave work. You're just writing code or changing some code or something but you never own it. I've got friends that built their own websites and got 200K+ visitors per month and made a shit ton of money. If you get into tech, your goal should not be to be a good worker, but to build something that you own. However, if you can find a niche or market that you can find a way to solve a problem in then you could build your own online business out of it. Yes, it's hard but possible just have to find those small niche markets that have problems but have a lot of potential customers. I was listening to Winston say once that if you can solve a problem or making something better than it already is, there's money in it.

[Natural_Born_Cynic]

Yeah.. I don't know. I was hoping to switch my career into tech, but since the coming of Chat GPT, the possible recession, and learning new frameworks until the day you die, I rather pass. Logistics doesn't make me rich, but at least it pays the bills and leaves me some money to invest.
It's not ideal, but better than nothing..

I'm a web developer and I hate it. Yes you're right, constantly learning things is a pain the ass. Web development is kind of slave work. You're just writing code or changing some code or something but you never own it. I've got friends that built their own websites and got 200K+ visitors per month and made a shit ton of money. If you get into tech, your goal should not be to be a good worker, but to build something that you own. However, if you can find a niche or market that you can find a way to solve a problem in then you could build your own online business out of it. Yes, it's hard but possible just have to find those small niche markets that have problems but have a lot of potential customers. I was listening to Winston say once that if you can solve a problem or making something better than it already is, there's money in it.

That's why I am still in Logistics. What you learn doesn't really change that much and new knowledge or procedure is incrementally added once in a while.

I am happy for your friend. I am just curious, can you tell me the address of his website? What kind of niche did he tapped into?

[rudder]

Better save your money now and be an investor or a landlord in the future. Most employees are going to be obsolete in a Tsunami of mass layoffs.

My friend was a coder for the past 6 or 7 years in bay area California. He just got laid off about two months ago. Now he's travelling the world. I suppose that's smart. You only live once, better see things before the money dries up.

Yes, I heard Silicon Valley has laid off over 300,000 people for the past few months this year. I am sorry to hear about your friend's layoff.
I hope he got some savings and some plan to live abroad in a cheap country. Normally people from Silicon Valley's FAANG jobs get scouted by lower tier companies when they get laid off. If he is a software engineer from the Valley, he can apply for mid to lower tier companies and get accepted there. Although the salary would be half as much...as he got from the Valley. One of my college Professor worked for Google but then got laid off and end up teaching at my University. His salary was only 150k, half of 300k. It was back in 2014.

AFAIK he wasn't an engineer. He started out just doing a coding bootcamp with guaranteed job placement, and described his job as being a "digital factory worker" so it sounds like he wasn't very high up in the food chain. I don't think he has much savings. Living in coastal California puts a big bite into whatever income one makes. He does have a nice organic 20 acre fruit and vegetable farm to fall back to that his dad has basically paid for and built up over the years. He also pays child support to his daughter's mom since they divorced a few years ago.

Honestly what you just said about that sheer quantity of layoffs really makes me doubt heading back to the USA. I've been three years out of my industry (trucking) and things haven't been that great for trucking lately either. Makes me wonder if there would really be that many opportunities. Of course, I have to try. It's not like I'm going to opt for trucking in South America or something. Maybe someday just for fun in Chile (supposedly highest-paying country in SA for truckers) but USA is still the best for trucking. Australia probably a close second, but they don't have work permit options for truck drivers, and that country is too isolated, and I would feel nervous being there after seeing how they acted post-Wuhan.

My bad.. Tech crunch said over 200,000 ,but that is still sizable chunk and it's still insane!
https://techcrunch.com/2023/07/06/tech- ... offs-2023/

Well at least your friend has his dad's farm to fall back to.

You were a Truck Driver? Truck Drivers make good money now. The starting salary in my area, the East Coast, is 72k with benefits.
I heard you can make lot of money in the trades in Australia.. I don't know about the work permit requirement there. Still you can get into the trades in the U.S and make some decent money although you have to go through their school program and work your way from the bottom..

I know Germany has a good apprenticeship trades program... but you must speak some German and get student Visa there.

Yeah.. I don't know. I was hoping to switch my career into tech, but since the coming of Chat GPT, the possible recession, and learning new frameworks until the day you die, I rather pass. Logistics doesn't make me rich, but at least it pays the bills and leaves me some money to invest.
It's not ideal, but better than nothing..

Yeah, I was an over-the-road truck driver (long-haul). As much as the job sucked sometimes, I always felt it was a good fit for me. Our MO was working for companies that allow a passenger, so my wife and I lived out of the truck. We never paid for an apartment or car or anything. Saved enough to buy land in South America, but we don't have enough cashflow here, so we'll have to go back to me trucking for a couple years. Kind of a drag leaving paradise. We settled in pretty comfortably down here, and have animals including a few dogs. Those are family members to us, so the idea of having to leave them for a couple years really sucks. Dogs aren't like kids where they can understand the concept of you leaving temporarily to make things better for the long-term. It's just one day and you're gone. They don't have any idea what happened.

What is your job? I don't understand what you mean by logistics. What do you do specifically?

[Natural_Born_Cynic]

My friend was a coder for the past 6 or 7 years in bay area California. He just got laid off about two months ago. Now he's travelling the world. I suppose that's smart. You only live once, better see things before the money dries up.

Yes, I heard Silicon Valley has laid off over 300,000 people for the past few months this year. I am sorry to hear about your friend's layoff.
I hope he got some savings and some plan to live abroad in a cheap country. Normally people from Silicon Valley's FAANG jobs get scouted by lower tier companies when they get laid off. If he is a software engineer from the Valley, he can apply for mid to lower tier companies and get accepted there. Although the salary would be half as much...as he got from the Valley. One of my college Professor worked for Google but then got laid off and end up teaching at my University. His salary was only 150k, half of 300k. It was back in 2014.

AFAIK he wasn't an engineer. He started out just doing a coding bootcamp with guaranteed job placement, and described his job as being a "digital factory worker" so it sounds like he wasn't very high up in the food chain. I don't think he has much savings. Living in coastal California puts a big bite into whatever income one makes. He does have a nice organic 20 acre fruit and vegetable farm to fall back to that his dad has basically paid for and built up over the years. He also pays child support to his daughter's mom since they divorced a few years ago.

Honestly what you just said about that sheer quantity of layoffs really makes me doubt heading back to the USA. I've been three years out of my industry (trucking) and things haven't been that great for trucking lately either. Makes me wonder if there would really be that many opportunities. Of course, I have to try. It's not like I'm going to opt for trucking in South America or something. Maybe someday just for fun in Chile (supposedly highest-paying country in SA for truckers) but USA is still the best for trucking. Australia probably a close second, but they don't have work permit options for truck drivers, and that country is too isolated, and I would feel nervous being there after seeing how they acted post-Wuhan.

My bad.. Tech crunch said over 200,000 ,but that is still sizable chunk and it's still insane!
https://techcrunch.com/2023/07/06/tech- ... offs-2023/

Well at least your friend has his dad's farm to fall back to.

You were a Truck Driver? Truck Drivers make good money now. The starting salary in my area, the East Coast, is 72k with benefits.
I heard you can make lot of money in the trades in Australia.. I don't know about the work permit requirement there. Still you can get into the trades in the U.S and make some decent money although you have to go through their school program and work your way from the bottom..

I know Germany has a good apprenticeship trades program... but you must speak some German and get student Visa there.

Yeah.. I don't know. I was hoping to switch my career into tech, but since the coming of Chat GPT, the possible recession, and learning new frameworks until the day you die, I rather pass. Logistics doesn't make me rich, but at least it pays the bills and leaves me some money to invest.
It's not ideal, but better than nothing..

Yeah, I was an over-the-road truck driver (long-haul). As much as the job sucked sometimes, I always felt it was a good fit for me. Our MO was working for companies that allow a passenger, so my wife and I lived out of the truck. We never paid for an apartment or car or anything. Saved enough to buy land in South America, but we don't have enough cashflow here, so we'll have to go back to me trucking for a couple years. Kind of a drag leaving paradise. We settled in pretty comfortably down here, and have animals including a few dogs. Those are family members to us, so the idea of having to leave them for a couple years really sucks. Dogs aren't like kids where they can understand the concept of you leaving temporarily to make things better for the long-term. It's just one day and you're gone. They don't have any idea what happened.

What is your job? I don't understand what you mean by logistics. What do you do specifically?

I am a General Manager in a NVOCC(Non Vessel Operating Common Carrier) freight forwarding company. We help people move their stuff to different countries , but mostly back to South Korea. We mostly deal with Koreans because that's my company's niche. I wear many different hats. I work at the office, import and admin mostly. I sometimes help people with any office related issues, but sometimes end up in a warehouse driving a forklift, help loading and unloading stuff, and dealing with customers. The pay isn't that spectacular because the entire Logistics industry isn't known to be lucrative and has mediocre salary on average.

I never thought of staying in my position, but that was the only job right out of University because no one wanted to hire me for some reason. Supply Chain management is like a "forgotten son" people never knew they had. Just like yours, which is trucking. Without logistics, everything stops and collapse.

[rudder]

Interesting job. Did it require a college degree to get hired?

[Natural_Born_Cynic]

Interesting job. Did it require a college degree to get hired?

Yeah. Bachelors degree. I was an import specialist than worked my way up to General Manager.
Freight forwarding and third party logistics isn't known for being lucrative.
The industry wide pay scale is pretty average.

[rudder]

Interesting job. Did it require a college degree to get hired?

Yeah. Bachelors degree. I was an import specialist than worked my way up to General Manager.
Freight forwarding and third party logistics isn't known for being lucrative.
The industry wide pay scale is pretty average.

I was never able to tolerate the idea of office work personally. Matter of fact, I strongly dislike dealing with phone calls of any sort. Always disliked that. And I typically end up in a depression if I spend too much time at a computer.

[Natural_Born_Cynic]

Interesting job. Did it require a college degree to get hired?

Yeah. Bachelors degree. I was an import specialist than worked my way up to General Manager.
Freight forwarding and third party logistics isn't known for being lucrative.
The industry wide pay scale is pretty average.

I was never able to tolerate the idea of office work personally. Matter of fact, I strongly dislike dealing with phone calls of any sort. Always disliked that. And I typically end up in a depression if I spend too much time at a computer.

LOL That's because your a trucker. Born to be wild.
I agree, you would be depressed and "go postal" when you work in the office.
I mean.... Freight forwarding isn't exactly filled with the country's best and the brightest... Most of them are bottom of the barrel, social rejects, dropouts, human garbage and society's leftovers.

[glanmit]

Everything is over when person is dead , before that - everything is possible. My dad is over 65 now and he still makes a decent amount of cash every month. After he read some Vendorly reviews on this website, he decided to change his payment methods and increased income by 7 % in total. Someone would say it is risky in his age to do such a experiments, but he will never stop doing that.

[Moretorque]

Living off grid in the jungle is about to become a popular career choice.

Where is Taco ?

[Taco]

Living off grid in the jungle is about to become a popular career choice.

Where is Taco ?

I'm right here. Watching all of you...

[glanmit]

I firmly believe that the opportunity to earn money is boundless, available at any age as long as you're not incapacitated or in a coma. Life continually presents chances for financial growth and personal fulfillment. Embracing new avenues and technologies, such as hubspot sms for efficient communication, can help individuals of all ages seize these opportunities, adapt, and thrive. Age should never be a barrier to pursuing your goals and securing your financial future.

[WanderingProtagonist]

"The age of making money is over" then explain why so many women
continue to make a lot of it from Onlyfans porn and Tiktok doing stupid ass dances? The video is bullshit.

[MrMan]

Living off grid in the jungle is about to become a popular career choice.

I've watched a bit of it. People don't want to learn how to improve themselves or make money anymore. People want to watch people driving lambos. People want this nowadays. They don't want that.

Talk about overgeneralizations. People are varied and want different things.

If you are in an industry that is likely to be wiped out by AI, maybe you should concern yourself with how to pivot in your career. But the world is a complex place and there are areas to make money.

We could face some cataclysmic changes in the future. That could happen. But broad sweeping statements about the whole world do not seem helpful.