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Scott

Are the detailed maps for specific professions available ? I would love to see the one for engineering, and some of the other professions.

Thanks!

Kartik Gada

Hi Scott,

Yes, I do have maps for several types of engineering, including circuit design, software engineering, mechanical engineering, etc.

While the detailed maps will be part of a consulting/coaching practice that is currently being built out, I can disclose certain basics.

Scott

Well, I personally am a mechanical engineer (aerospace), attempting to change careers into software engineering (thus far unsuccessfully), and running a hobby level but increasingly promising Math/Statistics blog & selling Math/Statistics Kindle books.

So I would be interesting in any information for those fields that you were able to share

Love the huge data dump of the ATOM book!

Kartik Gada

Scott,

One important area is the software of 3D Printing. It is a good combination of both MechE (although not aerospace) and software principles.

I did in fact run an entire non-profit devoted to exactly this :
https://kprize.wordpress.com/

In terms of aerospace specifically, private spaceflight is finally a real field. There is quite a bit of software involved in that as well, since the endgame is to miniaturize spacecraft to tiny sizes and house artificial intelligence within them, which thus becomes the most effective method of space exploration ever.

Check out SpaceX and similar companies as a starting point.

computer_guy524

"Fred began to create algorithms to generate returns strictly from options and futures of broadly traded commodities, such as oil, gold, natural gas, and ^vix volatility. Despite some early setbacks, he eventually was able to generate 30-50% annual compounded returns from his algorithms, built around the principle of capturing the various time decays (option decay, futures contango, leverage decay) inherent to those instruments."

How would one do this? Where would they even start?

Kartik Gada

Computer_Guy524,

It is something that takes a certain talent + years of experience, but I am going to be teaching an Options and Futures class at Stanford in Spring 2017.

In general, don't think in terms of stock picking. Think instead in terms of indices, options decay, futures decay, and so on.

computer_guy524

Hi KG,

Thanks for getting back to me.

Is this class going to be hosted somewhere like on coursera? I'd love to follow along. Also, what sort of talent would one need?

Kartik Gada

CG524,

It won't be on Coursera, it is on-site at Stanford. I guess you are not in the Bay Area..

The talents needed are a) mathematics, b) economics, c) finance, d) ability to not freak out when positions move against you, as holding often leads to recoupment, but hasty liquidation is problematic, e) ability to keep things secret, and not get drawn into conversations about individual stocks at parties (which is always a waste of time).

The key is to think in terms of options decay, futures decay/contango, and remember that indices always trump individual stockpicking.

Scott

Hello,

I have been supplementing my engineering income by writing non-fiction technical books and selling them on Amazon Kindle. I have reasonable expectations that this might be worth $40,000 in sales this year. This is income that wouldn't have been possible 10 years ago, since kindle didn't exist.

However I am curious to know if you have any suggestions as to how I as an author can use accelerating technology to increase that income. What are some key things to look at to either increase my ability to write more content more quickly or attract more readers? I would love to get some really good voice to text, or handwriting to text, which would both allow me to remove work that I am currently doing and turn dead time in to productive time.

Thanks!

Kartik Gada

Scott,

That is good. You are thinking the right way. To generate an income that was not possible before is precisely the right track to be on.

To speed up income gains, you can take some copyediting work and have one of those offshore service providers do it for cheap. If that saves you time and increases your book output, that is a productivity increase.

Some speech-to-text software may also increase productivity, but different ones fit with different people's styles.

Plus, make sure your book royalty income is tax-efficient, with all sorts of expenses related to the work written off against the income.

For attracting readers, it is tough given the subject matter, but periodically comment on LinkedIn, referencing your book, so that your personal brand increases and your network sees you as an expert. Make sure your LinkedIn rises to over 1000 contacts, in order to amplify this network effect. If you have thousands of readers who purchased your publications, then be sure to merge this with LinkedIn postings, and maybe even do meetups or speak at conferences devoted to the subject matter. All of this raises your professional profile, and will bring more/better job offers for your day job as well.

Scott

Thank you, I appreciate the input. Outsourcing more of the work is something I definitely need to put some more attention on.

I hadn't thought of using Linkedin for that purpose, so that is definitely something to work on.

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