It sounds like you're doing the things that will get you where you want to be, the same things my parents did.

I never said anyone would be on a Lear jet at 26. I said that working hard, no matter what, and education will get you far and that's what you're doing. I bet you'll really enjoy the payoff in a few years if you stick to it. You've even recognized that the consumer debt is something you want to avoid as much as possible.

I actually did talk about myself a couple of times in this thread. The short version is that when I started college at 16, did dumb things and ended up living under a tarp behind KMart, then worked hard, stopped doing some of the dumb, and got a place and built a business. Sold the business, didn't use the money to finish school and that was dumb. Struggled with no degree, started wising up, bought a house, took a great class on money, now finishing school twenty years after I started.

> The simple fact of the matter is that the minimum wage earner who squirrels away a little bit of money into an investment account every day would be much better served by searching for a job that pays twice as much. It's frankly a lot more realistic than gradually earning interest on a pittance invested in the stock market.

90% of millionaires earned less than $100K from their jobs. They got a million dollars by saving slowly over time and letting investment do it's thing (growth).

That said, yes a "minimum wage earner" would be better served by focusing on graduating high school. Their next investment should be a low-cost college or excellent trade school. THEN it's time to start docking away for retirement.

Graduated high school and still making minimum wage? A wise investment might be chemical dependency treatment or otherwise dealing with their specific problem.

That's the fact. Sorry if it doesn't fit with some politically

> or should be - "the best" for some reason

Most nations came to be as ethnic or sometimes religious groups developed fixed borders. One big group just had different ancestors than another. No real national purpose, just their group has always been seperate from our group.

After Europeans fled to America to escape abusive monarchs and religious persecution, the founding fathers declared the US would become a seperate nation FOR THE PURPOSE OF democratic self-government by a free people. The nation was started BECAUSE the English king was violating their rights, so they set out to form a new republic dedicated to the protection of freedom and liberty.

That the US has failed so much in this IS special because we've failed in our purpose. The UK has SUBJECTS, the US is supposed to have citizens. It's somewhat expected for the crown to surveil it's subjects. The US Constitution says that shall not happen here. So it IS "supposed to be" special in that way - that our supreme law says our government cannot do what other governments do.

Obviously in many ways we've failed to be the special country we were intended to be.

I guess you missed the part "over any 20 year period". Since the Dow was first calculated in the 1800s, noone has ever held it for 20 years and lost money.
It's never happened. Same with the NASDAQ composite. Nobody has ever put their retirement or college money in a major index for 20 and not made just about as much as they'd expect.

The same can be said of any 10 year period, except the period 2000 - 2010 and if you pick specific dates at the great depression.

I suppose there COULD be a losing 20-year period, even though it's never happened before. Eating a banana could kill you by choking too. You wouldn't call eating a banana "gambling". Bananas HAVE killed people, "buy diversity and hold for 20 years" has never lost for anyone, making it safer than bananas.

Sure you CAN gamble with the stock market, just as you can gamble with a Coke bottle, but you need not. Buy broad and hold long term works every single time.
Kind of boring, yes, a boring way to get rich slow.

FYI my dad WAS one of those veterans. Not a "former vet" as you said - there's nothing former about being a Vietnam vet.

> You didn't have as much as the other people in school did because of your toilet-scrubbing father, and you felt ashamed because of it. So you vowed you'd to anything you could to "make it". You've got a big chip on your shoulder.

You mean when I was seven, flying around on the corporate jet?!?!? You're far too busy arguing your preconceived notions based on political idealogy to read anything I'm writing, aren't you? Obama doesn't care about your well being. He and Jon Stewart feed you whatever line serves their interests. Here we're talking about you're real life. Stop parroting Stewart long enough to read what I'm saying.

You truth is, we all get some good hands and some bad hands. We get thousands of cards in our life, and make thousands of decisions. I got birth defects requiring dozens of surgeries, a 100% rate of alcoholism in the family, and an extremely high IQ. Those I was dealt and a thousand more, good and bad. During the years I make good decisions, I prosper and have much to give. During the years I do dumb things, short sighted, lazy and selfish things, I do not prosper.

Invite a professional poker player over. You might win the first pot; one pot just depends on the cards. Play against a pro for six hours and they'll take all your chips. Why? Because they make their good cards count and don't use the bad ones as excuses.

He grew up WAY back woods, as in he'd never heard of a toothbrush until he was seven years old and the floor of his parents house was dirt.

He got out of there by taking the bus. He went to Austin, where he worked as a janitor. Ghetto? Maybe. He worked overtime and moved. He kept working overtime and moving. When I was seven years old, we had Easter at the country club.

It woils be another 25 years before I understood HOW he ended up at the country club, with me doing a lot of short-sighted, dumb, and lazy stuff to make myself poor. Sometimes bringing in good money for short periods, but still doing poor things. For example, at 25 I didn't have a high school diploma. I sold a business for $100K and DIDN'T use the money to go to school, so four years later I was poor again, evicted from my rented house. My dad didn't do dumb like that, he did whatever was necessary to get an education.

Yes, my dad was in the right place at the right time .

If you've survived to adulthood, you proably realize that you jump off enough buildings, you'lo eventually get seriously hurt. It might happen on the first building, it might happen on the tenth. That's luck.

Everyday we decide whether to hit the snooze button or get up and get going, whether to iron our shirt or wear something with a few wrinkles. We choose to leave for work 10 minutes early or five minutes late. Thousands and thousands of good choices over the years created thousands and thousands of opportunities for luck to shine. I have made thousands of decisions, like not brushing my teeth some nights, that made it much harder to get lucky.

My dad was in the right place at the right time because he made a habit of being in the right place all the time, all day every day until the right time came.

When you work really hard both on today's work AND on becoming better prepared for five years from now, such as education, some people are going to want to hire you. Whether my dad got promoted on Monday or on Friday was luck, but he did promotion worthy things everyday. It was luck whether he got hired by company A or company B. He treated the people in both companies extremely well, so SOMEONE was going to want him working with them. That's luck - do you get hurt jumping off this building or that one, does the inevitable happen today or tomorrow.

Dyson came up with just the right vacuum design. After building and testing over a THOUSAND prototypes, he got it right and now he's rich. That tends to happen when you keep trying over a thousand times - eventually you hit it. Some call that luck. Dyson calls it hard fucking work. Since Dyson's way of thinking about it WORKS, I think I'll listen to him.

my dad worked overtime scrubbing toilets while going to college. that shows his dedication to hard work and learning. he was the kind of guy you want on your team. Most Americans would choose unemployment before they would scrub toilets. About 15% of Americans don't work. They "can't" find a job, or "can't" work because they are "disabled", though they can still build themselves a new deck. So they sour around complaining that they're not lucky. Guess how often my dad the janitor couldn't find a job, no job at all?

You have a very hard choice to make. So long as your life is the result of luck, or of what the illuminati decide or whatever, you have an excuse, but you're SCREWED. You can't change THEM. The moment you decide that your life is of your own making, you can have any life you want, but you're accepting your responsibility to.

I prefer a solution rather than an excuse .

Over the last 80 years or so, and over any 20 year period, the market has averaged about 8.5%. That's what you'd expect from a boring old index mutual fund. Subtract inflation and that leaves about 4%. Though it'll be close to 4% / year for any 20 year period, the period that matters to you may be a particularly bad one, so figure 3% to be on the safe side. (Or equaliventally use a hedge or other guarantee to lock in 3%).

> working at a minimum wage job

I've noticed gas stations start new people at almost double minimum wage. I made minimum wage - for about two months. Then I got raise because I reliably showed up for my shift - I was stoned out of my mind, but I was there. If you're over 16 1/2 and making minimum wage, start showing up on time. Flipping burgers is like a training bra to get prepared for an actual job, it's not a career for raising a family.

> 1/8th of their income

Do you not see that 1/8th of your income on soda is an INCREDIBLY stupid idea? Yet, I just spoke to someone who makes those kinds of decisions regularly. She literally buys several fountain drinks per day and she's on welfare. My ex-wife will always be broke because those are the decisions she makes.

You calculated five years of soda = 1 year of college.
My baby will be born soon. If I drop the soda money into a Roth for five years, that's one year of tuition. I then stop saving. In seven years, the investment doubles. In another seven, it doubles again. So that's four years of tuition when my kid is 19, because I skipped soda (or bought generic 2L bottles) for five years.

My dad grew up dirt poor, as in the floor of his parents. By making decisions like the soda decision, he ended up flying us on private jets when he was 40. Leaving his house, I did poor people stuff until I was living under a tarp behind the supermarket. Then I started doing rich people stuff. I'm now richer than 99.8% of people, having a comfortable home and a five figure income. (Yes, five figures is rich. Anything over $32K puts you on the top 1%).

Yes and no. You called that a "landmark case" this year, suggesting that it was previously unclear, and would remain unclear in cases not clearly bound by Bank.

  A REASONABLE reading of US statute would be to realize that it says "novel invention", nowhere does it say "on a computer". Therefore, people with reading comprehension problems think that means either a) doing the same old thing is patentable if you add the words "on a computer" or b) brand new inventions are not patentable if they are on a computer. Sure, both are silly interpretations of US law, but they are COMMON interpretations. The new NZ law spells it out in plain English.

So yeah, it's the same as US law IF the person reading US law has any common sense. Unfortunately, common sense isn't all that common in this area. Same as partial birth abortion - zealotry for a political stance makes people blind to the obvious.

Poking at Microsoft is always fun, but when their competitors were doing huge, high pressure deals worth billions and Google bid $3.1415 billion (pi billion) that was the best, I think.

With their reputation for April Fool's day prank launches, launching Gmail on April fool's was good too.

> And we have many in the software community cheering victory,
> when in fact this is a complete bait-and-switch defeat.

It seems to me that doing the same old thing "with a computer" is what shouldn't be patentable. On the other hand, a truly new invention should be treated as such, whether it uses wood, metal, silicon, or cat hair. An old idea is an old idea, a new invention is a new invention. That's what this law says, so I think it's a victory for common sense.

That particular clause says if the novel part is "solely in it being a computer program". "Lies solely in being" is a wordy way of saying "Only because it is", so let's make it clearer by using those clearer words which have the exact same meaningm:

[if it's new] Only because it's a computer program ...

So if it's "new" only because it's a computer program, it's not eligible. On the other hand, if it's new for some other reason, that's not new "solely in being a computer program", that's independent novelty and therefore eligible.