151–160 of 216 posts
I wonder if this is behind the greater happiness of people with incomes over 75K per year. They actually have enough money to pay for goods and services that save them time.
Earlier quoted context omitted.
Here's one: Get a high-paying software job in a high COL area, work for a decade or so while minimizing your expenses (live cheaply/with friends) and investing as much as possible in a diversified stock market portfolio. Then when you're sick of it, move to a cheaper area, get a part-time job and sell 3-4% of your assets every year to make up for the deficit. If you're lucky, the safe withdrawal rate of 3-4% will eve…
At what point during this sequence do you expect to have children? In what kind of area are you going to raise them?
Having children is possibly the stupidest thing anyone could ever do (for their happiness or bank account).
Earlier quoted context omitted.
You could just as well say that the cent that buys you a soda has a bigger marginal utility than the previous one. Sure, maybe in the context of that one transaction, but not in any general way.
Except that paying off your proximate debt and securing a place to live is far more important, from a Maslow sense, than buying a soda?
Earlier quoted context omitted.
Weird stance. Startups are not really about money. They are about greater risk. For a startup founder it is not unusual to spend a lot of time, and still make zero money. And it is also possible to spend only couple of years, and make so much money that you can leisurely work for couple of days a month, and go surfing for the rest of the month. And do that same thing for the rest of your life. As an employee you will…
If I'm not mistaken parent is talking about 'working for a startup' that IMHO isn't as risky as 'co-founding' the startup, which of-course has its whistle bells. Why would a 10th employee join a startup for the risk and not for the money ?
Earlier quoted context omitted.
Weird stance. Startups are not really about money. They are about greater risk. For a startup founder it is not unusual to spend a lot of time, and still make zero money. And it is also possible to spend only couple of years, and make so much money that you can leisurely work for couple of days a month, and go surfing for the rest of the month. And do that same thing for the rest of your life. As an employee you will…
I'm not sure I understand your position. They entail risk, but they aren't motivated by risk, they don't exist because of risk. > Startups are not really about money I agree, > Only do it if... you believe you're changing the world in the greatest way you can They are about pursuing a vision. Even YC has said they dislike opportunists, and for good reasons (they make bad startups).
Earlier quoted context omitted.
Here's one: Get a high-paying software job in a high COL area, work for a decade or so while minimizing your expenses (live cheaply/with friends) and investing as much as possible in a diversified stock market portfolio. Then when you're sick of it, move to a cheaper area, get a part-time job and sell 3-4% of your assets every year to make up for the deficit. If you're lucky, the safe withdrawal rate of 3-4% will eve…
At what point during this sequence do you expect to have children? In what kind of area are you going to raise them?
I wonder if this is behind the greater happiness of people with incomes over 75K per year. They actually have enough money to pay for goods and services that save them time.
> They actually have enough money to pay for goods and services that save them time. I think you are missing the point. There isn't a magical device the upper classes buy that saves then time (maybe this is the case for poorer people, e.g. having a washing machine is quicker than washing clothes by hand), but once you earn so much, get comfortable and achieve your own level of success, you start to value things other…
So higher interest rates mean greater happiness? The interest rate is essentially what you will exchange your time for.
Interest is what you exchange your money's time for, not your time. That difference matters here.
Earlier quoted context omitted.
Yup. If you look at table 3, which is a study of the museum going group, you can actually see that SWB (subjective well being) is mostly correlated with household income and material affluence. However in table 3a, we can see that SWB is negatively correlated with material striving. In other words, people who are concentrated on making money are the people who don't have money and are also unhappy. People who value t…
Which happens to correspond with an old saying: "Money doesn't make you happy, but lack of money does make you unhappy."
>
> "Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
- Charles Dickens, David Copperfield