Live data from Hacker News

Ask HN: Do you have the courage to abandon your high paying job?

news.ycombinator.com

171–175 of 175 posts

Re: Ask HN: Do you have the courage to abandon your high paying job?

#171
post #138
post #115

I don't get why you would invest your money into it? You have more than enough money to retire for life. Get a nice house, add solar power, get your water out of the ground, make your living expense low but with quality. THAN start putting the most valuable thing into your idea/startup: Your Time. When you have something good enough, to show, find investors. IF your idea is good enough and it is relevant enough, you…

> THAN start putting the most valuable thing into your idea/startup: Your Time. When you have something good enough, to show, find investors. IF your idea is good enough and it is relevant enough, you get help from others. If not, yeah forget it. He may need work done that's beyond his skillset. For example, he mentioned mobile gaming, where the brunt of the work is in the assets (art, audio).

His idea has to be good enough to risk a shit tone of money, live savings and the future/well being of his family.

For a demo or something special enough, it wouldn't hurt him at all to invest 10-50k in assets but everything else would be down right crazy.

I don't think it would make sense at all to hope for a second minecraft or whatever and risk a million bucks for it.

Re: Ask HN: Do you have the courage to abandon your high paying job?

#172
I'm an advocate of change. However, you are not a free man. No one forced this situation on you but that is another story.

Here is what I'll do to regain my freedom.

- Figure out the cheapest/best (aka best quality/price) location in your country. There is certainly a place with low taxes, low cost of living, good schools and cheap housing.

- Figure out the dollar amount to survive on that location without you working a single hour. (ie: $50k)

- Figure out how much you can make, passively, on investments in the stock market or otherwise. (ie: 15% of your capital)

- Figure out how much capital you need. Put 1/1.5 years costs ahead.

Have the capital? Move and never look back. Life is short, don't waste it chasing expensive doors and meter squares. If you are spending your hours doing a job you don't like to overspend on a hot real estate market; then you can do better.

You have a family. You got the social part figured out already.

Re: Ask HN: Do you have the courage to abandon your high paying job?

#173

Earlier quoted context omitted.

I think if you want to view your life as an economic asset then the advice on offer in most of this thread is pretty good. If you want to view your life as anything more than that it's completely insane. Think about this. The only really good thing about making lots of money is it gives you freedom. And what people in this thread are saying is this person makes too much money to be free to change their life because o…

I'm not sure we're disagreeing here. Maybe I read some of the thread wrong - most of them seem to be saying "you have money - you have options. take a break, do something else, etc". Then there are the FIRE people kinda saying 'suck it up and get true independence' and the like. Maybe I was tired and my comment didn't come across as intended. I was intending to say "I'm much poorer than you and still, due to my perso…

Gotchya.

Re: Ask HN: Do you have the courage to abandon your high paying job?

#174
Maybe you could articulate what you dislike so much about your current job?

It sounds like you're seeking an outlet for creativity and the current job is not giving you that. I personally don't see $500k/yr as an important factor as for the majority of people there is no real difference after $150k/yr. The burgers taste the same, great schools are available, same nice holiday destinations. Anywhere outside of the US is cheap and your standard of living would be high. Unless you have a weakness for luxury watches, high maintenance women and overpriced champagne. I admit I do enjoy the odd bottle of bollinger.

You're also thinking about starting a business completely the wrong way, you never use your own money. This is what investors are for and you need to spend time finding the right investors. The world of ICO's has made small investments easier than ever before. For games you can use a kickstarter to get it going. You could also move to a smaller company with a role that takes up less of your personal time and start the company on the side or even become a consultant giving you even more free time to move between paying projects and personal ones. I would also see if you can network and contribute to an existing game company to get a better feel for the business.

I'm earning more than you and work from home and have complete autonomy. I live in the bay area and go kite surfing every afternoon in the summer and work from a rented cabin in tahoe during the winter with my wife and little corgi. I do not associate with the tech crowd outside of work or hob nob with VC's in Palo Alto or the rat race of the peninsula. Keeps life fairly simple and straight forward. I imagine this is something that would be attractive to you.

Post reply on HN