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RxBar co-founder Peter Rahal on life after becoming a millionaire

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Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#71

Post by pjc50 »

dvt wrote: post #51

I don't like articles like this for two reasons: (1) they trivialize actually building a company, growing it, and selling it, and (2), they provide comfort for those that don't have the drive/luck/privilege of getting there by arguing that "hey, money doesn't make you happy!" First of all, as others mention in the thread, this is hardly an example of an "overnight success" -- there are no such examples, barring a few…

Yes. And this isn't really "overnight". Overnight millionaires are those who win the lottery or a TV show. That tends to vanish quickly. This guy built a business, the very opposite of overnight.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#72

Post by ryandrake »

tachyonbeam wrote: post #56
dvt wrote: post #51

I don't like articles like this for two reasons: (1) they trivialize actually building a company, growing it, and selling it, and (2), they provide comfort for those that don't have the drive/luck/privilege of getting there by arguing that "hey, money doesn't make you happy!" First of all, as others mention in the thread, this is hardly an example of an "overnight success" -- there are no such examples, barring a few…

Agreed. I also grew up poor and now live comfortably. Having my own place with no roommates (or mentally ill family members screaming at me) brings me a lot of peace. Being able to just uber somewhere when I have an appointment but feel too tired to take public transit for 45 minutes makes my life easier. There are a lot of problems in life that you can make disappear (or simplify a lot) by throwing a little money at…

I often hear the “money isn’t everything” platitude from people who already have it. It’s gatekeeping.

See also: “You don’t REALLY want to be promoted like I was—it’s so much more stress and work. You should be happy as an individual contributor!”

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#73

Post by Metus »

dvt wrote: post #51

I don't like articles like this for two reasons: (1) they trivialize actually building a company, growing it, and selling it, and (2), they provide comfort for those that don't have the drive/luck/privilege of getting there by arguing that "hey, money doesn't make you happy!" First of all, as others mention in the thread, this is hardly an example of an "overnight success" -- there are no such examples, barring a few…

I really dislike that the saying is "money doesn't buy happiness." In German it is much more sensible: "Money alone doesn't make you happy." Which emphasizes the role of money as part of the formula.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#74

Post by misiti3780 »

Invictus0 wrote: post #69
sharadov wrote: post #62

A poor little rich boy is all I can say! If he is feeling so unchallenged and wants "skin in the game" then give away all your money and start again. But he won't, no one can, once you've got a taste for the good life.. Btw, the RX bar tastes awful.

My theory is that the people buying the energy bars prefer that they taste like shit to make themselves feel more hardcore about whatever dieting philosophy du jour they abide by.

they are a good snack right before you lift weights ... they do taste like shit but who cares

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#75

Post by treebornfrog »

cycloptic wrote: post #65
dvt wrote: post #51

I don't like articles like this for two reasons: (1) they trivialize actually building a company, growing it, and selling it, and (2), they provide comfort for those that don't have the drive/luck/privilege of getting there by arguing that "hey, money doesn't make you happy!" First of all, as others mention in the thread, this is hardly an example of an "overnight success" -- there are no such examples, barring a few…

>Money makes life much easier than the alternative. I don't think that's true. If it were, you wouldn't see these companies fundraising 9+ figures and then still failing to turn a profit and crashing and burning. It didn't make anything easier for them. If anything, it made it harder because the management got overconfident.

Makes life easier for you personally after an exit / liquidity event.

Not related to funding of a company, that's a whole different ball game.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#76

Post by castis »

cycloptic wrote: post #65
dvt wrote: post #51

I don't like articles like this for two reasons: (1) they trivialize actually building a company, growing it, and selling it, and (2), they provide comfort for those that don't have the drive/luck/privilege of getting there by arguing that "hey, money doesn't make you happy!" First of all, as others mention in the thread, this is hardly an example of an "overnight success" -- there are no such examples, barring a few…

>Money makes life much easier than the alternative. I don't think that's true. If it were, you wouldn't see these companies fundraising 9+ figures and then still failing to turn a profit and crashing and burning. It didn't make anything easier for them. If anything, it made it harder because the management got overconfident.

Thats not at all how any of the mechanism you're talking about works. The alternative OP speaks of is having no money. Everything gets more difficult if you lack any of this resource.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#77

Post by solotronics »

motohagiography wrote: post #38

Just means you are responsible for deploying more liquid capital into productive assets. Have fun finding those. If you are creative and a builder, the people who made you what you are were the ones who told you "no," and now there are a lot fewer of those once they think you have money. Barring a few quality of life things and some freedom, the rest is just symbols and artifacts. That bit about finding a woman who w…

I became a paper millionaire due to cryptocurrencies and it almost upset my entire life. My outlook and some of my habits changed for the worse for a period until I was able to readjust. Luckily I was able to take a step back and look at myself and decide I wanted to define myself based on core characteristics. I can see how it is a trap you can fall into to define yourself based on money because it is something many of us work hard to achieve.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#78

Post by solotronics »

misiti3780 wrote: post #74
Invictus0 wrote: post #69

Earlier quoted context omitted.

My theory is that the people buying the energy bars prefer that they taste like shit to make themselves feel more hardcore about whatever dieting philosophy du jour they abide by.

they are a good snack right before you lift weights ... they do taste like shit but who cares

Business idea: rX bar that doesnt taste like shit.

Re: RxBar co-founder Peter Rahal on life after becoming a millionaire

#80

Post by solotronics »

mike00632 wrote: post #58
iamthirsty wrote: post #34

Earlier quoted context omitted.

You say that they have no class, no style, and no dreams, however you don't really have much to go off to make such definite generalized statements about a whole class of people. Seems more like you created an emotional image about a group you don't like and this is the conclusion that would produce.

He has eating utensils made of gold.

I mean... there is a chance he got them ironically.
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