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Canadians killing it


shalab
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Saw this article -

 

""It has 1.1 million millionaires, and accounts for 3 per cent of the top 1 per cent of global wealth holders, despite having only 0.6 per cent of the world's adult population."

 

https://www.outline.com/4UTLBs

 

Before someone tells me that USA has more millionaires than Canada, here is the list of highest paying in demand jobs in Canada

 

https://www.slice.ca/money/photos/highest-paying-in-demand-jobs-canada-2018/#!Truck-Driver-Highest-Paying-In-Demand-Jobs

 

Clocking in at #11 is truck driver. It is amazing that people are able to make it as millionaires with these jobs. Coming to think of it, I wonder why Sanjeev left Loblaw or wherever he was working before he started his hedge fund. He might have done better as a union leader and would have been a multi-millionaire  :D :P

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Long time ago a few friends and I drove semi's as a fun way to pay for university and see NA over the summers. Ultimately we ended up with our own hauling company and 2 gravel trucks, that the 4 of us together could keep in operation pretty much year round. Came graduation we liquidated the company, and had a rolodex of senior people to keep in touch with.

 

It's a tough business, but also a very 'kind' one.

If you're young, ambitious, can stand your ground, and have the 'common touch' - it's a great entry point.

A great many people will go well out of their way to help you, because they were 'you' at one time.

 

There are lots of 'characters' in this business, and there ain't no angels.

Great place to learn how to manage people.

 

SD

 

 

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SD, you and your friends put in too much effort  ;D- if I were a Canadian citizen, I would focus on getting "boring" preferably  9 - 5 union job and let the process make me rich. Enjoy college and life.

 

Long time ago a few friends and I drove semi's as a fun way to pay for university and see NA over the summers. Ultimately we ended up with our own hauling company and 2 gravel trucks, that the 4 of us together could keep in operation pretty much year round. Came graduation we liquidated the company, and had a rolodex of senior people to keep in touch with.

 

It's a tough business, but also a very 'kind' one.

If you're young, ambitious, can stand your ground, and have the 'common touch' - it's a great entry point.

A great many people will go well out of their way to help you, because they were 'you' at one time.

 

There are lots of 'characters' in this business, and there ain't no angels.

Great place to learn how to manage people.

 

SD

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Sadly one of the things you discover as you age, is that sitting on your arse is a really bad idea!

It's duller than hell, one starts doing stupid things out of boredom, and one croaks out way earlier than one should.

 

Smartest thing you can do is get involved in a start-up ;)

Every day's a mystery, it's seldom boring, and as long as you can only lose a capital contribution that you can comfortable afford to lose - it's mostly fun. Risk management is similar to that for a long straddle on security 'X', at price 'Y' (positioning to benefit fom BOTH the positive and negative, hedging against a union job, time to house money, etc), but just executes differently.

 

Nice if we end up making a few million, but ultimately we'll probably donate it.

The real 'pay-off' will be my partners and I all getting to be 'actuarial abnormalities', and with all our marbles 'intact'

 

SD

 

 

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