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Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

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Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#41
post #33
post #14

Earlier quoted context omitted.

If I quit my job a bunch of people will be very negatively impacted. I can switch jobs and I can work on stuff in my spare time, but I can't go to zero income. Unlike Bezos, my family doesn't have anything they can loan me.

Yeah, I'd be living in a van down by the river if I quit.

I own a van and have a river in my city, maybe you can bring the food?

Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#42
post #11

Based off your description, I would say the most pragmatic way to secure a slice of that pie and retire early would be to take up the Leetcode grind. I was blessed to be in a position where I was able to spend nearly the entirety of my quarantine free time practicing Leetcode. Last week I signed an offer with an American FAANG level company and more than doubled my final TC. I realize this is a highly anecdotal, unus…

LeetCode looks like a bootcamp/school for software development. I don't feel like that's where my weakness lies. I am a productive software developer and am up to date on most of the latest tech. Teaching for something like that would probably be more my speed. Also, where I live there are no FAANG companies and relocation is not an option. I work from home and unless there is a local software company that is hiring,…

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Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#43
post #33

Earlier quoted context omitted.

Yeah, I'd be living in a van down by the river if I quit.

I own a van and have a river in my city, maybe you can bring the food?

I would, but my wife would leave me.

Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#44
post #43

Earlier quoted context omitted.

I own a van and have a river in my city, maybe you can bring the food?

I would, but my wife would leave me.

Life has tradeoffs – a lot of founders burn through marriages don't they?

Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#45
post #25

I can't really help you, but I just wanted to say that I've also felt the same way for a few months now. I'm not really in the same situation, but just seeing people make these outrageous amounts of money has been pretty depressing. What really gets me, apart from people like Bezos (like you've mentioned), is that there are literally children making multiples of a doctor's salary by peddling products to even younger…

At least I'm not the only one :)

Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#46
Wishing to get rich quick is often a quick way to get poor. Also, it's near-impossible to give more helpful advice without more details (e.g. expertise, risk appetite, free time, moral compass).

But:

1. Learn whatever it takes to work in the high-stakes financial world

2. Buy an existing blog, product, plugin, and grow it fast

3. Spend less

Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#47
post #21

A few thoughts. The people you see getting insanely rich often have decades of context (and a lot of luck) behind whatever made them insanely rich. I encourage you to not look at just the event that makes someone wealthy but look at the story that got them to that event. The acquired podcast does a great job of this when they cover company and founder history. Nobody gets insanely wealthy selling their labor. Equity…

I 100% agree with you on all of that. I know that it takes both luck and building up to having that luck and the ability to take advantage of it to land something like Amazon or Instagram. I am not aiming to create a unicorn startup. I could probably write a few books on various subjects and see what sticks. Worst case, I get my writing bug exercised. Thank you.

Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#48
post #32

The error here is comparing an upper middle class life of a software developer to that of banks and tech billionaires. You mentioned you have relatively high income, so aren't you and your family's needs met? Everyone wants to retire early, everyone would like a nice sum of cash fast. Perhaps it is worth exploring not increasing income, but decreasing expenditures and living more simply. EDIT: like others have said h…

I am not exactly comparing myself to tech billionaires, but more tech millionaires. Bezos was mentioned just because of the absurdity of his wealth, but I don't want to be that rich. More like, I wouldn't mind finding a way to part Bezos and about $5m of his money.

I have done projects of passion. Last one was completed in February and the business opened in March. For five days. Being a new business, it isn't even eligible for any kind of assistance, so what I did there was to sink a bunch of money and sign a lease so that I have the privilege of adding an extra $1200 a month to my expense list. Decreasing expenses is absolutely something I've been working on, but investing my wages will take decades to build enough wealth to be meaningful.

Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#49
how about you don't abandon everyone around you and be happy with what you have.

i've said this before on HN.

i chased that BS idea of being rich would make me happy and in the process, got a divorce, lost my pom, became an alcoholic and lost my career. i was making a very decent living, was married to the love of my life and had an absolute jerk for a dog... what more should a man want in his life.

life isn't about what you can get, it's about what you can keep. if you can keep a marriage for 50 years, you are richer than jeff bezos.

i really hope you take a step back, realize that no amount of money in the world is going to make you happy, start being thankful for what you have and enjoy your life. years comes quick and there is no reason wasting them.

a wise man once said that no amount of money can buy you happiness... well it can buy you a pomeranian so i guess it can buy you some sort happiness LOL.

Re: Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?

#50
post #14

Remember that Amazon is a 25 year-old company. Bezos quit his job, took funding from family, and has always run a low-margin business, always playing a long game.

If I quit my job a bunch of people will be very negatively impacted. I can switch jobs and I can work on stuff in my spare time, but I can't go to zero income. Unlike Bezos, my family doesn't have anything they can loan me.

Of course, few have that luxury. When drawing comparisons, it's important to not have false equivalence.
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