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Derek Sivers and the Art of Enough

brendancahill.io

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Re: Derek Sivers and the Art of Enough

#3

Does anyone else find it frustrating when people talk about not working too hard and already having enough, after they have become wealthy?

Wealth is relative, one can be a multimillionaire and still feel inferior to a billionaire. Even in billionaires, there is a ranking game.

Re: Derek Sivers and the Art of Enough

#4

Does anyone else find it frustrating when people talk about not working too hard and already having enough, after they have become wealthy?

agree, but we are not their audience. They want to signal to their fellow successful friends that they are humble.

For mortals like us, we have to be smart, work hard, persevere, etc. Life is a journey that I must do to my best ability.

Re: Derek Sivers and the Art of Enough

#5

Does anyone else find it frustrating when people talk about not working too hard and already having enough, after they have become wealthy?

Derek did not became wealthy. He gave the $22 million dollars he got from selling his company to a fund, and gets over $1000 each month, hardly "wealthy".

Derek has worked in a circus and knows how to live cheap enough. He also has lots of friends so he does not need to pay for lots of things.

I know people that earn in excess $10.000/month and spend it all or even get into debts.

Re: Derek Sivers and the Art of Enough

#6

Does anyone else find it frustrating when people talk about not working too hard and already having enough, after they have become wealthy?

Derek did not became wealthy. He gave the $22 million dollars he got from selling his company to a fund, and gets over $1000 each month, hardly "wealthy". Derek has worked in a circus and knows how to live cheap enough. He also has lots of friends so he does not need to pay for lots of things. I know people that earn in excess $10.000/month and spend it all or even get into debts.

$22 million dollars is not "hardly wealthy". It's filthy rich.

Re: Derek Sivers and the Art of Enough

#7
I remember when I was in college trying to figure out what to shoot for in life, I had the realization that if you shoot for "more" it's a goal you'll never reach. There is no end to it.

But if you shoot for "enough", there is a very definite point between "more than enough" and "not enough".

It's a nice goal to shoot for. When you are above "enough", it means you can relax and enjoy life.

Re: Derek Sivers and the Art of Enough

#8
post #6

Earlier quoted context omitted.

Derek did not became wealthy. He gave the $22 million dollars he got from selling his company to a fund, and gets over $1000 each month, hardly "wealthy". Derek has worked in a circus and knows how to live cheap enough. He also has lots of friends so he does not need to pay for lots of things. I know people that earn in excess $10.000/month and spend it all or even get into debts.

$22 million dollars is not "hardly wealthy". It's filthy rich.

He gave those $22 million away. That is the point.

Re: Derek Sivers and the Art of Enough

#9

Does anyone else find it frustrating when people talk about not working too hard and already having enough, after they have become wealthy?

Derek did not became wealthy. He gave the $22 million dollars he got from selling his company to a fund, and gets over $1000 each month, hardly "wealthy". Derek has worked in a circus and knows how to live cheap enough. He also has lots of friends so he does not need to pay for lots of things. I know people that earn in excess $10.000/month and spend it all or even get into debts.

Wikipedia disagrees:

>Derek Sivers transferred ownership of his company to a charitable remainder unitrust for music education, and had the trust sell it to Disc Makers. This agreement requires the trust to pay Sivers 5% of the trust's value annually (hypothetically $1,100,000 pretax, based on a sale price of $22 million as reported by Sivers)[4] until death, while upon death the remainder will ultimately go to charity.

So he actually earns around $90k per month. The foundation was also probably a tax dodge more than some altruistic thing.

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