= 27d567bc2d48d9f40e9ccc20ea370b15)
diegocaleiro comments on Passive income for dummies - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (15)
It amazes me that there is no "Sequence on how to make money in intelligent ways" or something of the sort in LessWrong. I wish there was something like "The Real 4-hour workweek" or something. I'd guess that 50-80% of people's goals would be greatly enhanced in probability of achievement if they had, say, 10 thousand dollars per month to invest on them that 'cost' 20 hours a month. Thus near-passive income correlates with "winning" Thus it is rational Thus it should be sequenced about.
That would be good, except that, as a group, we don't really know all that much about how to get money that isn't already part of the conventional wisdom (such as "Somehow, get a job that pays well").
It's not because of our lack of knowledge that we can't exceed conventional wisdom, but that the conventional wisdom is so far advanced when it comes to making money.
Morality, the meaning of life, possible extinction of the human race... all of these are trivial concerns. But when you put a million dollars on the line, every non-rationalist suddenly turns into a perfect Bayesian reasoning machine or goes broke trying.
I'm unconvinced (even making allowances for the fact that you're probably exaggerating for vividity). I can think of plenty of things I've done or failed to do whose expected impact on my career (whether considered solely as a source of income, or considering the other things about it that I care about) has been negative. Akrasia, short-sightedness, lack of imagination, plain old stupidity, etc., don't go away just because there's a pile of money on the line; not for me, anyway. Do you have evidence that the rest of the world does much better?
A take it as nice metaphor (therefore an upvote), but of course not literally true.
For some people "million dollars" will always be in a far mode, so they can speak about it, but will not take one step to realistically increase the probability of having that money. Some of the rest will for a moment bring it to a near mode (usually when speaking with a "financial advisor" or MLM recruiter), just to do the unreasonable thing that the advisor recommended them.
Your description is true only for a small minority of people... although it is probably much larger than a group of people who put similar energy and rationality into existential risk etc.
Some utilitarianist should post on how to steal millions before donating them in such scattered way it will be too late to get the money back (also will look bad to take money back from starving teenagers)...
80,000 Hours has taken up a version of that project.
I hate when LW edits my writing, makint it look unpunctuated. (and yes, I know how to correct it)