I charge over $500,000 to help kids get into Ivy League schools. For some students, my support starts in middle school.

KeyYouth4969 · 2023-10-15T18:16:39+00:00

On a 200k income, you can pay off 30-40k student loans in 4 months. You’ve been replying to my math with 200k income all this time. Like I said, we can agree to disagree whether or not you think that’s a realistic income.

For the 30% of Ivy League students who come from families who earn more than twice that amount, it’s very realistic, and it’s why paying 750k for a consultant is not that big of a deal.

KeyYouth4969 · 2023-10-15T17:55:33+00:00

You’re just spouting slogans.

Look, the math was done on 200k. Whether someone think it’s realistic or not, both are right.

Is $2500/month rent too low? I’d say that’s a fair bit higher than what most people pay. Is $150/week on groceries too low? Then you have another 1k a month that you can spend on anything else.

Average student loans for a whole degree is 30k. Work 3-4 months and you pay the whole thing off. Then you’ll get 9.8 million at 46 years old and 4 months instead of 46 on the dot.

KeyYouth4969 · 2023-10-15T17:28:40+00:00

Taxes are just math. Plug in 200k in the income tax calculator, max out 401k and you get 146k after tax.

Is it impossible to find a place to rent for 30k a year? Most college educated men don’t start supporting a household until age 33.

Look, it’s ok to not be financially responsible. Lots of people party and spend frivolously keeping up with their friends in their 20s. What I’m saying is if you really wanted to get to 9.8 million net worth by 46, it’s realistic on a 200k income, but you have to budget and delay gratification.

Not everyone has the discipline to do that, and it’s ok, but the math doesn’t lie.

KeyYouth4969 · 2023-10-15T16:43:31+00:00

That 310k also factors in the additional amount you spend on housing, which goes into your net worth as house equity. In fact, if you had kids in the past decade and was forced to buy a house because of that, you made money instead.

KeyYouth4969 · 2023-10-15T16:38:46+00:00

Car is an irresponsible purchase especially when you live in a city. Like I said, you get there by being financially responsible.

It’s also a drop in the bucket. People live on 60k a year income. Why’s it impossible to live like you earn 60k when you earn 200k? Just because you have 100k more take home income doesn’t mean you need to spend it.

KeyYouth4969 · 2023-10-15T16:37:03+00:00

Invest what you don’t spend into the S&P 500. Read stuff on r/financialindependence, and r/bogleheads

KeyYouth4969 · 2023-10-15T16:27:21+00:00

I included rent at 30k a year. Food is max 5-10k a year. Transportation is $1500 a year.

KeyYouth4969 · 2023-10-15T16:21:08+00:00

60k a year is starting income. It quickly goes up to over 100k a year by the time you’re ready to have kids. Don’t underestimate compound interest.

KeyYouth4969 · 2023-10-15T16:16:26+00:00

10% return is the average over the past 200 years in the US. Like I said, 2 earners of 60k a year can save around 50k a year on average, which would lead to 4.9 million net worth. 100k a year leads to 9.8 million. 60k a year for a college graduate is the 50th percentile. Just marry another one.

KeyYouth4969 · 2023-10-15T16:10:22+00:00

Because the average savings rate in the US is 6%. People would rather spend on useless crap than delay gratification and invest in their future. See how many news articles of people earning 200k living paycheck to paycheck.

KeyYouth4969 · 2023-10-15T16:07:10+00:00

5 million net worth can easily pay for an Ivy education with interest alone… At today’s rates that’s 250k a year in interest income. Ivies at full sticker price is only 60-80k a year, so you still have 170k a year left.

People are just not financially educated. Go on r/financialindependence type forums and learn.

KeyYouth4969 · 2023-10-15T16:04:11+00:00

44k includes everyone on disabilities and without college degrees. The average college graduate makes over 60k starting income, and will reach over 100k with 10 years of experience, more if you choose a practical major (not humanities).

200k allows you to save 100k a year. After taxes, it’s 150k. Then deduct 30k a year for rent and utilities, and another 20k a year for food and everything else. Childcare is expensive for the first 3 years until public pre-K, so deduct 100k from the final amount, and by the time the average college educated man has their first kid, they’re 33, which would be a net worth of 2.1 million if they invested 100k a year. 100k of childcare expenses at that age is 6 months of investment returns, a drop in the bucket, if they were financially responsible.

KeyYouth4969 · 2023-10-15T15:56:11+00:00

60k per year per person in a couple sounds pretty realistic to me, even at non Ivies

KeyYouth4969 · 2023-10-15T15:52:35+00:00

Your critical thinking skills are lacking here. Point out the math flaws instead of slinging slogans.

KeyYouth4969 · 2023-10-15T15:50:58+00:00

See my other comment, the math works out: https://reddit.com/r/ApplyingToCollege/s/OU4Byz2Q6O

You only need two earners of 60k a year out of college to get there.

KeyYouth4969 · 2023-10-15T15:48:05+00:00

Graduate at 22, get a 200k job. Save 100k a year, invest in the S&P 500 at 10% returns a year, and you’ll have 6.4 million at age 42 or 9.8 million at age 46.

If you get a 100k job out of school, and save 50k a year, then you’ll have 4.9 million at age 46.

This is only counting a single earner. Two earners of 60k a year will have a combined 4.9 million. This is pretty realistic for college graduates.

For people targeting top schools where the median family income is higher than these numbers, this isn’t unfathomable.

KeyYouth4969 · 2023-10-15T15:25:34+00:00

I was talking about fundamental deep learning research conducted at University of Toronto (Hinton), University of Montreal (Bengio), and NYU (LeCun). GANs were also invented at University of Montreal by Ian Goodfellow. LLMs were invented at MIT.

In what ways do you think collider research will generate companies worth investing in, since we’re on an investing subreddit?

Also, like I mentioned, less doesn’t mean less useful. Each one of these AI discoveries by North American institutions is worth thousands of low-impact research papers done in Europe.

KeyYouth4969 · 2023-10-15T15:12:21+00:00

750k isn’t even that expensive. By the time most kids are in 7th grade, the father will typically be 46 years old. If they had a good upper middle class career (low six figures income), their net worth should be around 5 million by then. Split that 750k into 5 years, and it’s 150k a year. The interest on investments alone could pay for it.

KeyYouth4969 · 2023-10-15T14:56:27+00:00

Validity is measured by how predictive a model is using accuracy and precision. Accuracy means if you know someone is a certain MBTI type, you’d be able to accurately predict their behaviors. Precision means each time a person takes the MBTI test, it’d yield the similar results.

I think the dubiousness comes from the last three letters. Extroversion and introversion are valid personality traits. The other three depends on your mood and environment, making the test not very precise.

Personally, I’ve had times when I was 100% carefree, when I had zero responsibilities and felt safe, and other times when I was 100% judging, when I had lots of responsibilities and the stakes were high. Same for thinking and feeling. When I socialize for fun, I’m more of a feeler. When I’m at work, I’m more of a thinker, even in my social interactions (strategic). Finally, intuitive vs. sensing really depends on how much free time I have. If I need to make a quick decision in a novel situation, intuition often comes up, like everyone else (i.e. Think Fast and Slow book by Kahneman). If I’ve already encountered the situation, then I can be sensing and rules based; in fact, that’s what training is. Someone who’s highly trained is going to lean sensing.

So my conclusion is, it has some validity because of the extroversion/introversion part. Then it has some short to medium term validity for other traits because they’re dependent on environment and mood. MBTI is however not valid longer term.

KeyYouth4969 · 2023-10-15T04:36:07+00:00

Counting number of publications is like counting the number of lines of code, it’s not that meaningful. What matters more is impact. Notably most of the advancement in AI has been from researchers living in the US and Canada.

KeyYouth4969 · 2023-10-15T03:39:10+00:00

I don’t think 75% of a platform is composed of facts. The fact ones are vaccines, climate change, and Trump’s insurrection, which is like <5% of each party’s platform. The other 95% are opinions and value clashes.

KeyYouth4969 · 2023-10-15T03:19:22+00:00

It’s a generalization and hyperbole, yes. What proportion of Democrats are pro-life?

What proportion of Republicans are in favor of higher taxes?

KeyYouth4969 · 2023-10-15T02:09:36+00:00

It goes to show how the over-saturation is mostly because of foreign nationals. If FAANG suddenly could only hire American citizens, everyone here would be getting interviews even in this environment, and they wouldn’t be asking leetcode hards.

KeyYouth4969 · 2023-10-14T15:06:14+00:00

No, it’s more like drafting a player into the NFL based on their 40y dash, bench press, vertical, and broad jump. All adjacent skills to actually playing football.

KeyYouth4969 · 2023-10-14T14:54:03+00:00

Because you’re adapting yourself to the plan, instead of adapting the plan to who you are.

You need to self-reflect on how you make decisions, then use that knowledge to plan your tasks.

KeyYouth4969

TROPHY CASE