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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

#171
post #170
post #131

Earlier quoted context omitted.

I don't know if I'd be impressed if a guy did this. In theory, this sounds like a fairytale, an ordinary guy turns out to be a multi-millionaire. In practice, this means that he lied to my face the entire time, presumably got his family and friends to lie to me as well, because apparently the entire time we were dating he thought that I might be a gold digger? Creating an entire separate identity because of your gold…

Do you ask all your dates for net worth? I never had this question asked, so I can imagine doing this without lying.

Okay, so, realistically, if the guy in the article wants a woman to be in the dark as to what his net worth is, he'd need to:

1. Use a fake name.

2. Create a fake story as to what he's been up to for the last five years professionally.

3. Get an ordinary apartment, car, clothes, etc. all for the purpose of appearing to have regular income.

4. Get his friends to support his fake name, fake life, fake career story, etc.

5. Get his family to support his fake name, fake life, fake career story, etc.

You don't think all that counts as lying?

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

#172
post #46

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 think the whole thing boils down to the idea that, someone who manages to make this much money on pure ambition, hard work, and yes, a decent amount of luck and being in the right place in the right time - well, they’re not likely to be able to enjoy this amount of wealth. They ground it out in a way that I can’t even imagine having the energy to do. I’m a relatively lazy 9-5er who basically refuses to work past 5:…

My father used to be a very diligent worker who did a fair amount of overtime and always seemed to be in the middle of some important project at work. When it came time for him to retire he expressed concern that he'd be bored or feel a lack of purpose.

A few years later he commented how it still felt like every day was a vacation and there hadn't been a single day that he regretted retiring.

He still keeps very busy, always has projects and plans. But it's all things he feels like doing and he has no external commitments. He can change his mind at a moment's notice and go on a roadtrip to another European country. In fact, my parents have done so multiple times since retiring.

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

#173
post #41

Earlier quoted context omitted.

It's very nice to not have to worry about money. I think people tend to downplay the importance of removing this stress from your life. No, money doesn't solve everything, but for me the lack of it created an immense amount of stress.

With that much money you would be thinking about it more often. How to protect and grow and can be more stressful.

I can tell you it is much less stressful.

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

#174
post #171
post #170

Earlier quoted context omitted.

Do you ask all your dates for net worth? I never had this question asked, so I can imagine doing this without lying.

Okay, so, realistically, if the guy in the article wants a woman to be in the dark as to what his net worth is, he'd need to: 1. Use a fake name. 2. Create a fake story as to what he's been up to for the last five years professionally. 3. Get an ordinary apartment, car, clothes, etc. all for the purpose of appearing to have regular income. 4. Get his friends to support his fake name, fake life, fake career story, etc…

1. I just don't give my family name to a date.

2. I don't talk about work, it's rarely a deal breaker.

3. It's a normal thing to have a pied-a-terre.

4-5 Don't mix your friends-family and your date until you are sure in them. Actually, get an apartment on a different coast.

No, I don't think it's lying. And it's easy to do for someone with 8-9 figures in a bank.

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

#175
post #174
post #171

Earlier quoted context omitted.

Okay, so, realistically, if the guy in the article wants a woman to be in the dark as to what his net worth is, he'd need to: 1. Use a fake name. 2. Create a fake story as to what he's been up to for the last five years professionally. 3. Get an ordinary apartment, car, clothes, etc. all for the purpose of appearing to have regular income. 4. Get his friends to support his fake name, fake life, fake career story, etc…

1. I just don't give my family name to a date. 2. I don't talk about work, it's rarely a deal breaker. 3. It's a normal thing to have a pied-a-terre. 4-5 Don't mix your friends-family and your date until you are sure in them. Actually, get an apartment on a different coast. No, I don't think it's lying. And it's easy to do for someone with 8-9 figures in a bank.

Okay, so assuming things go well, what time period would need to pass before you reveal your true identity?

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

#176
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 think if happiness was a function of money, then it would very much look like the sigmoid / logistic function. You have a linear region where there's a very dramatic relationship between money and happiness (a $100k salary makes life so much easier than a $30k salary), but there's very small difference at the different ends...a $5k salary will not improve your life much over a $500 salary, even though there's an or…

All the research I’ve seen basically points at happiness having a fairly straightforward logarithmic relationship to wealth.

So it’s not true to say “money doesn’t make you happier”, it just gets you less marginal happiness per increment of income (research on wealth is less clear, but wealth can be converted to an income stream).

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

#177
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.

Net assets, and net income, make life happier for companies.

What you describe is cash flow, which is often necessary, but not really analogous.

It’s like saying “access to low interest rate 30 year mortgages makes life happy”, which might be true if you’re looking for a mortgage, but isn’t really generally applicable.

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

#178

Earlier quoted context omitted.

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

Why not just drink a protein shake straight up mixed with water then? More protein for a lesser amount of carbs.

i guess for me it's just easier to buy an rx bar on the way to the gym. i also do not like consuming protein in liquid form

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

#179
post #84

Earlier quoted context omitted.

Spot on. People also don't realize that spending money effectively is a skill. $1000 bottles of champagne are for those that lack creativity with how to deploy their capital. Those of us who practice conscious spending can derive significant joy from money.

Out of curiosity, can you give some examples of spending money effectively?

Healthy delicious food, investing in one’s community, subsidizing ethical sourcing of materials, local craftsmanship, business opportunities that create value for others, education, unique life experiences

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

#180
post #131

> Before the Kellogg deal was finalized and he was about to suddenly become very rich, Rahal got worried. “Can I seriously find someone who’s going to love me without the money?” This seems like an easy thought exercise to work through. If you're rich enough to worry about being loved for your money, then you're probably rich enough to have a second modest existence to date from (modest apartment, car, etc). So, don'…

I don't know if I'd be impressed if a guy did this. In theory, this sounds like a fairytale, an ordinary guy turns out to be a multi-millionaire. In practice, this means that he lied to my face the entire time, presumably got his family and friends to lie to me as well, because apparently the entire time we were dating he thought that I might be a gold digger? Creating an entire separate identity because of your gold…

just because you're paranoid doesn't mean they're not out to get you.
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