 The boomer economy is utterly over if you're living your life as if you're gonna live like a boomer If I hate to break it to you. It's not gonna work out Now what do I mean by that boomer the boomer economy is basically the idea that you can go to school You can go to college and then you become an employee at some kind of company and you work there for 20 30 40 years maybe a switch companies But you ultimately are a company man. You're in the system You're making enough money to have a family and you go on and do whatever you want in your free time and that's it That's life. That's all you need to do now the issue with that well a lot of people think this is how the world I mean that might that might strike you as well. Isn't that just how the world is? What are you talking about? No, it isn't it in fact It's never if you look at the world before boomers Okay before the boomer bubble that happened after the Second World War Life was totally different because you know what often happened is that people sometimes they had generational businesses you might be I don't know. Maybe you have some kind of skill. You're a carpenter. You're a cobbler. You're a cobbler That's that's a very old, you know position, but electrician plumber something like this You had family skills you teach your kids your kids your skills and they would usually follow in your footsteps Do whatever they want. Okay, we're actually told nowadays that that's something we should be afraid Oh, I don't get a choice in that that's no fun But the reality is the boomer economy is infinitely worse for your freedom It might look like you're making more money on paper But usually you aren't anyway and what I mean by the boomer economy the boomer economy is this idea that the goal of gainful Fulfilled life is to be an employee Okay, most people in most times have never been employees. They've never been wage cuts They've never been salary cuts. They have been effectively self-employed. That isn't just because people were you know Farmers and stuff like that. There were many farmers There were many people who grew food for themselves didn't even have to rely on the system for that But most people before the boomer economy they had skills that were independent of the system, right? They didn't necessarily you know if you can build stuff out of wood, you know That's something you could sell on the market, but that's also something that's useful for you Okay, and that's how a lot of people were before the boomer economy now The boomer economy is ultimately the idea that success means success within the system Success within you know, you you got to work for you have to work for this company, right? One of these many companies And of course there are benefits to that you might have a lot more money on paper But ultimately you are deprived you're deprived of a kind of a freedom Um, but you're also sort of invested yet like you lose the ability you lose those skills those crafts that you would otherwise have Now the fact of the matter is the boomer economy just isn't sustainable in the first place, okay? So, you know people nowadays, you know when I graduated from college, right? I I graduated with a degree in economics and I ended up going to graduate school Which sounds like a bad financial decision, but a lot of the people who graduated in my in my class They ended up even worse, you know, they um They would like end up running a twitter feed for like some NGO or they'd be working as unpaid interns for years Because there are just so many people who go through, you know Want to do the boomer rigamal role of let's just get education for some reason and then I'll just magically get a job Um, even in something like economics, you would think that that would be oh, there'd be a lot of people who get good jobs with that Not really. Um, there were some I'm not I'm not discounting I'm sure there are many of you who got gainful employment afterwards But the idea that everyone can run through the system Is totally nonsense and especially, you know, this system is ultimately Depriving people of independence not just in financial independence, but they're making, you know Now we have, you know, many people who just don't have traditional skills They can't, you know, they have to buy everything, you know, you know what I mean Um now nowadays this is already starting to reverse. This is just I mean I'm not just talking about people moving into the country or you know, because they they think it's cool on the internet but I mean, um Let's say something like software design, uh, you know Some stuff that we talk on this talk about on this channel Um software is a good example of one of those skills that people are now starting to have independent of the system You know, it's you can make your own way. You can write your own programs. You can sell your own stuff You could, you know, have your own, you know, I guess technological services. It's nothing so difficult You could you could start your own blockchain something or other and get, you know, make millions or something like that That's actually something that a lot of people can do now And it's kind of a necessity because again this this idea that everyone should be an employee Is like less and less sustainable with every passing year. The bubble is like gradually deflating So that's that's definitely my mindset now I bring this all up because when people ask me things if I you know recently I did videos telling people you should move into the country. It'll be better for you A lot of people would say things like Well, what if I move to a place where there are no good companies, dude? Oh, no, how am I gonna get a job? And that is like the exact opposite mindset you need to have because When you're when you move out into a place where there, you know, some kind of company is not providing some service Well, that is more entrepreneurship opportunity Well, like why would you want to move to a place where there are massive multinational corporations that you have to compete against? You either get some wage cut job with them or you know, you just Well, that's really your only choice in reality if you move to a place where I guess if you're a bigger fish in a smaller pound, that's a good thing, you know So a lot of people will be like or here here's another thing people get I looked online for ways to make money You know online and I couldn't find any as if like you're just supposed to this is the mindset that drives me nuts like the idea that Like the answer to being personally independent is just like a list of things that I have to follow Mechanically follow as if I'm some some kind of employee as if I'm some kind of wage cook in reality You know being an adult in the olden days being an adult just meant making your own way. That's not like a meme That's not like oh, I'm gonna retire at 30. That's not like some Magical thing that you know people on instagram do it's something that everyone did and the boomer economy The boomer economy has gotten it to the point where people just don't have that mindset anymore They're like, oh no, I don't need to make it in the world I need to I need this company to help me make it in the world. I need them to pay me I need them to tell me what to do. Otherwise. I'm just not going to figure things out It's just like a really immature way of looking at things. Um, so that's my recommendation, you know, I um Being an employee is no fun. Like there are a lot of people who are like, oh I I I don't know I just pity people who are constantly thinking about putting things on their resume Like, you know, it's just uh, you don't need to live in that life I think my recommendation to that that I give to people I mean, even when I was a kid, I'm not saying that I had everything figured out as a kid But I will say this, you know, I definitely had the mindset that um, or the idea that, you know My generation was not going to be as easy as it was for boomers or you know, there are so many things Like the world is too big too complicated. Um, it's not going to be as easy as just finding a random job So when I was a kid when I was a teenager one thing that I tried to do I didn't necessarily even try to make money But I tried to think in terms of okay What can I learn that I can never lose because you can lose money, but you can't necessarily learn or lose skills So even if I learned stuff, you know when I was a teenager, you know I taught myself latin classical languages and stuff like that and that actually that that hasn't been hugely economically beneficial But it's one of those things it's opened up weird opportunities in my life And of course, that's actually a very abstract example, but there are many more skills you can teach yourself now That are going to put you in a better better position That's that's my way of looking at it. You you learn woodwork. You can go pretty far on that so what i'm trying to say is Yeah, this you gotta you gotta I don't know you gotta live your own life. Like you cannot ask me Uh to tell you or anyone else or any kind of company to tell you how to make money If you're in that mindset, you're doing it the wrong way. It's not this is not like something for Hyper alpha go-getters. This is something that like everyone should be able to do like you should be able to We have to get people less domesticated. They have to start thinking about this for themselves Like so this is hopefully this has been some kind of wake-up call Just don't be an employee. Don't be a wage cook