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Ask HN: 27, accidentally became wealthy, lost drive. What should I do?

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Re: Ask HN: 27, accidentally became wealthy, lost drive. What should I do?

#161

Post by tomas789 »

I’m not in a similar situation so I cannot truely relate. I’d say start a company. It is difficult and your bank account will be the last criterion people will be judging you by. It will set a different kind of a bar for you. You will be among other wealthy pears you you might align with them better. And as a side bonus, you might get even more rich. Follow Twitch founders. They were in a similar situation.

Re: Ask HN: 27, accidentally became wealthy, lost drive. What should I do?

#162

Post by Aperocky »

Try some sports? Find out about what you truly love doing, could also just be food.

My personal answer is paddleboarding. There are very few things that crosses my mind when I'm on water and money is definitely NOT one of them.

If I suddenly had a billion dollar I would still paddleboard. If only because I can't think of anything I really wanted to do more but can't because I don't have the money to.

Re: Ask HN: 27, accidentally became wealthy, lost drive. What should I do?

#163

Post by rroohhiittt »

As others have pointed out, it would be wise to seek the services of a wealth manager to handle the large sum and have it in a place which passively funds your lifestyle sustainably.

I would highly encourage you to pursue your passion. Since you are in a financially better position, the desire to just get a high-paying job might no longer apply. The option of applying for positions which do not traditionally pay so are available now well where you think you could really make an impact.

Re: Ask HN: 27, accidentally became wealthy, lost drive. What should I do?

#166

Post by zamalek »

As for your question: you'll get bored soon enough. Enjoy your sabbatical.

If you are sitting on cash you are not yet technically wealthy. You are rich. Rich is temporary, wealth is permanent (and intergenerational).

You could completely bankroll wealth with your riches: turn that cash into passive income ASAP. Buying some rental properties is a good start (that could keep you busy), but you'll definitely want to bring professional wealth management into the equation.

Re: Ask HN: 27, accidentally became wealthy, lost drive. What should I do?

#167

Post by cruelty »

Im in the same boat as you. 32, never have to work again, living in an apartment just off the beach in a holiday resort in the eu. I can only recommend checking out Michael Singer and Anthony De Mello for spiritual guide. Im personally keeping my possessions to what can fit in two suit cases so that I can master what i have which is mostly portable music studio gear , a synthesizer, drum machine, qy700 for composing melodies and making one music album a year from here on out and releasing a video game every two years. I'm half finished the first game now. The universe gave you this freedom for a reason. You're going to die pretty soon regardless so work out what will satisfy you and reach your utmost potential. If you want to chat get in contact with me here.

Re: Ask HN: 27, accidentally became wealthy, lost drive. What should I do?

#168

Post by pg_1234 »

mbesto wrote: post #100

First - tell no one you made that much money. You'd be amazed who comes out of the wood work to "be your friend" at that age. Second - check out https://old.reddit.com/r/fatFIRE/ - some great like minded resources for how to manage that much net worth. EDIT: Regarding first point. Good guide here: https://old.reddit.com/r/personalfinance/wiki/windfall

This ... tell nobody for a few years ... specifically, don't let anyone know until you have a very clear idea of how you want to live the next decade of your life.
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