#CyberMonday time: last call if you're interested in 50% discounts on awesome Web development services over at GiganticWebsites.com. This is my project by the way, not an ad, and I will personally be involved in each website we create :)
As the name "Gigantic Websites" alludes to, we build websites with hundreds or thousands of articles like Investing.co, DN.org, CoffeeBlog.com, Honest.pa and MarkMappr.com... or upgrade existing sites like we did by adding the Education.Aethic.com section to the Aethic website.
The promo prices will be valid today and then that's it: like all good things in life, discount season has to eventually come to an end. Visit GiganticWebsites.com, choose the package you think works best for you and we'll take care of the rest!
It's Black Friday over at GiganticWebsites.com, with discounts all the way to 50%!
Some of you might already know about it but for those who don't, GiganticWebsites is a project I have launched, where we turn great domains into websites with hundreds or thousands of quality articles. With examples such as Investing.co, DN.org, CoffeeBlog.com and MarkMappr.com.
Alternatively, we also upgrade existing sites, like we did by adding the Education.Aethic.com section to the Aethic website: the sky is the limit in terms of possibilities :)
Head on over to GiganticWebsites.com, choose a package you like and let's set things in motion!
Quick announcement: I'm building a "dream team" that focuses on ultra-scalable Web development via generative AI. If you own a great domain name and would be interested in what we have to offer so as to turn it into a huge and genuinely useful resource, send an email to contact@andreipolgar.com and perhaps we can figure something out. Also, for those wondering why I haven't been as active recently, now you know why :)
Hi there, do you run an economics blog/website or even anything business and/or finance-related? If you have a minute and would be willing to help me out with something, shoot me an email at contact@andreipolgar.com :)
NeverTrade.org (my new non-profit initiative, through which I attempt to save people from essentially themselves, more specifically from ruining their lives due to trading)... or why I have to come to terms with the fact that I don't have what it takes to become rich. By launching this project and warning anyone who cares to listen about the dangers of trading, I'm practically ensuring that no online trading entity will ever send one dollar my way. And make no mistake, online trading companies are mega-players in the content creator sponsorship game.
As a fun experiment, compile a list of influencers who claim the opposite of what I'm claiming, who say that you too can become ultra-wealthy by following their advice and trading. Now remove those who entice you to join online trading platforms through their affiliate links, thereby earning a juicy commission. Then also remove those who sell you "get rich quick" products, from $99.99 per month courses to even more expensive mastermind programs and what not. Chances are, after doing these two things, you won't have anyone left on your list.
I have been doing this education thing for many years now.
And after these many years, I have learned three things that are pertinent to our discussion:
1) Influencers who peddle affiliate links and/or scam their audience through overpriced products very frequently become rich
2) Influencers like yours truly who offer education either free of charge (my videos) or at ultra-reasonable prices ($5 - $10 books in digital form or $10-$20 for the print version) don't
3) Viewers far too many times trust the former far more than the latter, for example by refusing to buy a $5 - $20 book that makes down-to-earth promises but happily parting with $99.99 per month or much more on get-rich-quick products
The end result?
An environment where the shadier you are, the more generously you are rewarded, essentially.
Or, if you will, a truly messed up incentive structure.
But it gets worse. Far, far worse.
If we were only talking about losing $99.99 per month or something along those lines, it would hardly be tragic in the grand scheme of things. Unfortunately, not only do the aforementioned "influencers" peddle overpriced knowledge, they peddle DANGEROUS overpriced knowledge... the type that determines unprepared retail investor to think becoming a full-time day trader is a legitimate goal and ultimately ushers in a gambling addiction.
Yes, "trading" and "gambling" are in my view interchangeable for the average person.
And once again unfortunately, while for better or worse gambling is acknowledged as a societal threat and treated accordingly, retail trading isn't. Go to your next Thanksgiving dinner and tell your family that you have a plan which involves getting rich via gambling and many will tell you to seek help before you ruin your life... tell them you have a plan which involves getting rich via trading and many will think you're super-smart.
I truly cannot find adequate words to describe how dangerous and poorly-understood of a phenomenon this is.
Nor do I have the resources to properly get the message out there... I just don't.
But this doesn't mean I won't do what I always do: try.
By launching NeverTrade.org and essentially writing a "From A to Z" letter to whoever cares to listen about the perils of trading, I am doing just that. A letter written in plain English, dense in research and with the animations you know and hopefully love sprinkled in.
Will it make a difference?
I honesty don't know.
It's still very much so an early-stage project but even in its current form, get it out there in front of the right audience and I believe a game-changing number of people avoid ruining their lives.
If you like it and stand behind my initiative, please help me spread the word in any way you can.
Do I believe we can succeed?
Honestly, no, the incentives are just too poorly aligned for this movement to gain traction.
Does this mean I will stop trying?
Also no, and I invite you join me by spreading the word about NeverTrade.org however you can!
Alright then, let's do this: the first One Minute Economics live stream (where I will share my thoughts with respect to the Silicon Valley Bank debacle) will take place in approximately 6 hours, more specifically at 20:00 GMT or 15:00 EST. Basically after my son goes to sleep, heh. I apologize in advance for any hiccups/imperfections, will do my best to provide what I believe is much-needed clarity on the topic.
If you want to be notified when it goes live or simply save/bookmark the link, here it is:
youtube.com/live/tC5TXnE7pxk?feature=share
Any interest in a live stream about the Silicon Valley Bank situation later today, perhaps a Q&A session?
If you are an oncologist and a friend of the channel, I'd appreciate it if you could help me out with some thoughts with respect to a high grade endocrine carcinoma diagnostic (mother-in-law, 69). Even a few words about what is usually done in your country along with the reasoning behind said choice(s) would help me wrap my head around this diagnosis and figure out if our therapeutic approach (yet to be determined, just got the pathology report) is optimal. My email address is andrei (at) oneminuteeconomics (dot) com. Thanks a lot!
Here's to hoping for an awesome 2023 but preparing for the worst! Enjoy life, spend times with your loved ones but don't forget to be on the lookout for storm clouds that might be gathering. I wish you good health, happiness and wisdom in what will most likely prove to be a challenging 2023!
My name is Andrei Polgar, I'm a PhD economist who loves teaching through videos, books or anything else that works! :)
To support the channel, please give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.
Bitcoin donations: bc1qmnfwn4p3gdu8kl2zwh6gge0fq6w3j2qyv3f350
Patreon: www.patreon.com/oneminuteeconomics
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly):
www.amazon.com/Wealth-Management-2-0-Financial-Pro…
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general):
www.amazon.com/Age-Anomaly-Spotting-Financial-Unce…
And book #3, The Reasonable Case for Bitcoin:
www.amazon.com/Reasonable-Case-Bitcoin-Andrei-Polg…