Comment by CliveBloomers
2 months ago
The regular 9-to-5 is seen as a last resort now—it’s almost like you’ve failed if you don’t have a side hustle. That’s the vibe. With AI and machine learning platforms making waves, especially for traders, the game has completely changed. The barrier to entry? Practically gone. These platforms have made it so easy to get started that anyone with a bit of curiosity can jump in.
It’s not the exclusive playground of the Wall Street elite anymore. What used to be this tightly guarded world of algorithms and insider knowledge is now available to anyone willing to dive in. People are out here making bank, and they’re getting good at it. Trading isn’t just something “some people” do—it’s turning into a thriving industry where regular folks are learning the ropes and doing well for themselves.
This whole shift has made the traditional career path feel outdated. Why settle for clocking in and out when you can leverage tools and tech to build something for yourself? The idea of just sticking to the 9-to-5 feels like giving up when the opportunities to create and grow are right there, waiting.
It's funny because 9-5 is still a great way to actually enrich yourself. The best way to grow your wealth is to increase your income, and a salary+benefits is the juiciest way to do that.
Sadly, I've seen many male friends of mine obsess with the stock market but not have anything going career-wise. They just hope they hit big and "make it." Better to just stack salary for years the boring way and save yourself the time it takes to micromanage investments.
9-5 is definitely not the way to enrich yourself, that's an unfortunate message. Have you noticed how housing costs have consistently beat inflation for decades? At least if you live in a VHCOL area. It's easy - check the FRED report on the median salary and compare that with a graph showing the median housing price.
OK so the most important thing is out of reach with 9-5, independence from rent. The next set of factors like health care, and if you have a kid child care and health care, are also up compared to wages (9-5 wages).
That leaves just food and entertainment. I suppose you could live with roommates, eat frugally and not go out. And then maybe the 9-5 is the way to become rich.
For most of us the way to build wealth is through asset appreciation - housing , stocks. The 9-5 is the 'not so passive income' that you use day-to-day while you either SAVE up for the 'assets' (if you're lucky), or you gamble / inherit / get lucky with these assets.
idk man I graduated a decade ago and switched jobs every 2ish years and now my income dwarfs my expenses and I saved $100k+ for a down payment years ago. It's those raises from changing jobs, promotions, career development that paid off more than which ETF I stuffed my money into.
I don't live frugally or have roommates (except my wife who hasn't worked for years).
I've literally never had expenses so high I couldn't max my 401k, HSA, and go to restaurants, travel, buy fun stuff, keep an good emergency fund. And I lived in Seattle most of that decade. Also my job is super easy for me.
Crazy how much a degree from a midwest state school can do...
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Dunno about everyone but my 9-5 salary is awesome. I do Vulnerability Research at an MIT lab. Working there is amazing. Much rather my situation than one where I am forced to “trade” and make it big in order to eat and or anything else in life. Great 9-5 jobs are out there and it’s funny because I used to think of them as “awful slave” jobs. Used to think having to do a 9-5 was something to avoid at all costs. Came to realize I enjoy guaranteed income and job security over anything else. Sorry for bad grammar; typing on phone..
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Most of the country does not live in very high cost of living areas, so what you said isn't true in most places. And at some point, if your location is so bad that you just can't make it work financially, move. Yes, moving sucks for many reasons. But people are not powerless victims who just get stuck somewhere and can't do anything else, they have the ability to take themselves to another place where the opportunities are better.
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Also, the second best way to enrich yourself in America is probably buying a home. But you need a down payment and the ability to afford it over the 30y mortgage.
Gambling on stocks may give you a windfall that amounts to a down payment, but good luck convincing the bank you can pay that new mortgage for 30y off your stock market wizardry.
> Trading isn’t just something “some people” do—it’s turning into a thriving industry where regular folks are learning the ropes and doing well for themselves.
Said every forex / options / crypto course seller ever.
Anybody remember the "Day Trade your way out of Debt" late night infomercials in the '90s?
> Said every forex / options / crypto course seller ever.
And they're correct on this. The only catch is that you don't need to buy their courses to know it.
Jeez, I've heard all this and much about online trading portals 2 decades ago. They weren't incorrect, anybody could trade, even alghoritmically. AI isnt bringing anything added for regular users that others dont have, so nothing.
You make your own priorities and risks, as do we. Your comment anyway reads like some cheap marketing for clueless folks on the back of a bus just before bubble bursts.
Anyone selling the retail investor an "edge" via ML platforms or AI is selling snake oil. Sure the barrier to entry is low, but profits are never guaranteed.
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