Thursday, May 17, 2007 . 12:25 AM

Beyond the Limits (and I suppose GP?)- are people becoming LESS realistic?

Recently I came across this blog of supposedly the world's most hated blogger, and after reading several entries. I came to wonder, are people become less realistic. The following link takes you to the world of a highly ambitious adult mired in the mud over debt after a horrendously failed shot at becoming financially independent passively

http://www.iamfacingforeclosure.com/

This blog is done by Casey Serin himself, targetting at becoming financially independent through playing stocks, selling properties. Indeed, his initial success in "conning" money was impressive, but trying to do this permanently was not a option. This was what happened-

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And then instead of admitting that I’m in trouble and pulling the plug, I kept borrowing more and more via additional credit lines to keep feeding the machine a couple of extra months. I thought if I can finish the repairs and sell everything I can pay it all back. Then in August 2006 I ran out of money and started this blog

After making $30K on the first deal and paying off all our debt, I jumped the gun and quit my Programming job in Jan 2006 to do real estate flipping full-time. Looking back, I quit that job too early!! I should have stayed and done deals on the side until the real estate business can reliably replace my job income. But because I was doing too many cash-back-at-close deals I got a little ahead of myself.

Aside from finances, Galina is understandably frustrated with following me along toward MY dream of passive income / financial independence. I’ve been at it since 2000 and don’t have much to show for it yet. She is tired of my entrepreneurial roller-coaster and is about ready to settle down and have a family. I don’t want to think about it until I reach my goal. Am I being too selfish?

[Forgot to mention… Galina is looking for a full time job too and is cleaning houses on the side already to make extra income.]
Now, what does this tell us, are young people nowadays so obsessed with success that they go to any extent to make it happen, and even when it does not, they themselves do not realise the problem they're facing and the enormous load of it they face, as seen in the "prominient figure" seen above

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Here's a comment I found-

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unbelievableMay 14th, 2007 at 3:42 am

What’s with the “I may or may not do them all”?
Don’t kid yourself - you won’t do ANY of them.

Here is my take on your “list”
Website/blog development and consulting - $50/hour+
TAKE A JOB IN THE INDUSTRY - ANY JOB - TAKE 2 JOBS

Continue monetizing this foreclosure blog with advertising, sponsorships and affiliate commissions: $1,000-3,000/moReview foreclosure related services and products: $250-500 per review
CONTINUE BUILDING YOUR AD SPONSORSHIP

Help people stop foreclosure by offering and/or referring consulting, loss mitigation, short sale assistance, buying their house, etc: $ varies
YOU ARE NOT QUALIFIED

Recruit for real estate investing college and make 50% commission: typically $8,000 per sale
DO NOT SELL THIS SCAM CRAP TO OTHER LOOSERS IN THE MAKING

Create and sell book(s) and info products around my foreclosure story: $ varies
ANYONE WHO WANTS YOUR “STORY” CAN READ ABOUT IT HERE FOR FREE. DON’T WASTE YOUR TIME.

Work as an account executive with a commercial capital brokerage firm doing / referring / funding big deals 10 million and up: $50,000+ commissions/fees per deal
YOU ARE NOT QUALIFIED

Invest in private equity funds: 24-60%+ returns
YOU ARE BROKE
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Now, this is already a view on Serin's illusions, what does it hint to us? People nowadays, especially urban citizens, and especially in the case of teens in my view, are affected by our fast-changing and improving way of life that they go to all costs to ensure success.

This is present even in AJC, and I believe, other educational institutions alike, for example, over a project, I already have friends that become so stressed out over doing the very best that they become very disorganised in their work, overlooking important factors, and in a small way, reminds me of Serin.

Does this affect their surrounding people? Indeed this is so, in the case of my overstressed friends, they're getting on my nerves too. For Serin, his wife is cleaning houses to earn meagre wages while he is sitting on his ass- blogging full time. I'm sorry for this but to me- WTH

So, can this trend be reversed/ averted or avoided? No, it's inevitable, but I believe what can be done is by society, especially the education system to emphasize that we must be down-to-earth, don't be overly ambitious... but more importantly, PLAN properly.

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Comments please....