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

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191–200 of 266 posts

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

#192
post #123

It's a nice sum of money. But it's certainly not enough to live doing nothing for the rest of your life. Again YMMV but if you want to have a family, kids, and I suspect you live in a Western country where the cost of living is not that low, you're going to run out unless you put your money to work for you. So this either means investing in yourself ... Start a company or business. Or investing in others: making safe…

>It's a nice sum of money. But it's certainly not enough to live doing nothing for the rest of your life.

In what planet is this the case? Aspen? Gstaad?

In most countries of earth, less than half of that is enough to live comfortably to the ripe old age of 90 from 27 - not investing for anything above inflation, and just taking a monthly cut otherwise.

You can trivially buy a house for 100-300K (no rent anymore) and then for e.g. 3 million you get 50K/year. That's more than most people make in tons of European countries with comfortable middle class existance, and it is after taxes, and without all the burdens associated with working (like mandating living close to this or that expensive area to be near work, communiting costs, and so on), and it's also guaranteed (unlike e.g. work, where people can be fired, freelancing which has hot/cold periods, etc.).

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

#194
post #129

Congrats and greetings to Munich. I know and helped a few people in similar situations. Here your rough priorities: 1. Invest most of the cash in a conservative way, so it lasts. That means stocks and some bonds to ride out downturns. You will want to work with a fee-only adviser for this to consider everything from taxes to future spouses to inheritance. 2. Consider your interests and learn about the psychological i…

Love this response!

> having >5h of free time a day is detrimental to happiness

Experienced this first hand, so true! Didn't know about the shorter live expectancy. Thanks for linking to the sources :)

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

#195
post #102

What I would do is reinvest half in safe investments to maintain independent wealth, then buy property in all the places I love, and build small (750sqft or less) but decent and interesting, though practical as opposed to luxurious, cottage residences, or just purchase a small but upscale condo if the area is urban. A place in the mountains, a place at the beach, a place in the country, places in my favorite cities a…

$7.5M euros is a nice sum, but not really enough to do what you suggest IMHO.

I suspect one could build each location for well under €200K, remember, 750sqft of cottage doesn't cost a lot because it is less materials and less time to build than even a modest single family home (2000sqft). So €3.75M builds 18 locations. I don't see the problem.

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

#196
You won the lottery. You should give several thousand euros apiece to your broke friends who have not been so lucky.

I will gladly take some of it if you feel like supporting a trans lady who has specialized in drawing weird sci-fi comics, but really, look to your own circles first - who among your friend and family is the least capable of holding down A Day Job and could really benefit from not having to worry about where their rent comes from for the next several years while they get their shit together?

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

#197
Take a break for a month or two and then find a job where: It’s just enough to pay the bills, its easy enough to give you time to think, and it provides structure so that you don’t go off the deep end.

https://sciencevibe.com/2017/01/15/how-albert-einstein-kille...

Individuals like Einstein and Newton made deep insights during their “down” periods.

Your deep question is, “what interests me enough to get out every morning to try and do more? One that isn’t a financial blackhole.”.

Science? More money? Social work? Live streaming video games?

Caveats: I’m not in your shoes, but I’ve been thinking about this from a retirement angle for some time. I know that if I stop working, I’ll quickly get age-out and die. But I don’t want to deal with office politics either.

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

#198
post #20

This is normal. You will get used to it, and you will likely bounce to your personality before the windfall. You have solved one problem in life that most people never solve, and that puts you in a very small group. However, the rest of the problems are still there. The need to work for money can no longer distract you from them. You still need human connection and purpose. You still will age, have to worry about you…

Note: "OP" is in reference to the GP/original poster of this "Ask HN."

The greatest irony is that everything that was beaten into your unconscious mind as to what you "should do," and all the ways you learned to seek out human connection: all go out the window when you get a massive windfall.

The greatest two "shapes" our culture warps our spirits into are: a need for money (for its own sake) or a need for recognition (preftige) -- once the basic material necessities have been acquired (viz. stability of income and mind, reliable shelter and food, routine sleep, etc.). None of this is relevant anymore. You don't care what anyone else thinks about you, because you're completely self-sufficient. Just dump all your money into a balanced portfolio, and live off the income generated a la dividends and interest for the rest of your life. You no longer need anyone to satisfy physical needs. No boss to placate, no spouse to manage, and no "bridges" to tend.

Similarly, it becomes impossible to socialize with the majority of people. The things that their minds focus on, the habits they have, the lives they live are completely unrelatable when you have enough money to never doing anything again (yes, €7m is enough, if you're not a degenerate or foolish). It's like you're both from different planets, speaking completely alien languages, and unable to ever really understand one another. This assumes you'll find anyone truly interested in genuine socialization for pleasure alone; because as soon as those who still need to carry out the "daily toil" find out about your NW, the agendas come out in full force. You'll find that no, you never really had friends (or family). You simply had associates with mutual interests -- a give and take, transactional relationship was all that connected you.

OP, the only reason you were driven to do all those things was because you wanted to climb the social hierarchy. You saw your fellow apes with more money, more brains, and more status, and just like all those chimps before you, you thought "I need that. I gotta keep up. If I don't, I'm worthless. A loser, and no one will like me. I won't feel good about myself." But that's just an evolutionary trick nature pulled on us, because more-often-than-not animals with deep social hierarchies survived and reproduced more than those without. Once you've escaped the gravitational pull (see: the need to "fit" into a tribe in order to survive), you'll find that it was a scam all along. That all this shit around you exists to keep you busy so you don't start thinking too much about things, and can carry out your genetic directives (usually to the benefit of others), and then die.

The tragedy with you, OP, is that you're a young kid who never had to train his nervous system to become another "robot" that could continue successfully functioning in his society, until he became a corpse. You didn't work for that money, and so your spirit was never molded into the two most-successful "shapes": a need for more money, or a need for more prestige -- as you see with people that once started out with little, but forced themselves to work towards more (even when they're in the top 1% in either, they'll still keep going after more, because that's how they've molded themselves: to be a machine stuck in a loop -- coincidentally, staving off depression and other such "meaninglessness.").

You're basically on the same level as a trust-fund baby. What exactly do you do besides indulge in hedonism? If you're one of the aforementioned "keep on chugging," work-robots (an evolutionary-fit path) that have trained themselves to keep busy, then creative pursuits, investments, a new business venture, or non-profit/charitable work is what's in the cards. But OP isn't. Those things will never be satisfactory for him (remind me in 10 years).

All that's left for the modern nouveau nobleman's son is hedonism -- spending away all that money on pleasure-pursuits (drugs, sex, expensive items) just to feel something at all. If he was raised middle class, he'll probably still have the ingrained "shame" about such things, and will instead focus on more sedentary (see: "boring") habits, slowly wasting away. But if he was raised lower class, then he'll most likely fall into hedonism, the same as the accidents of the upper class.

That's the truth: OP's life will be aimless, because he doesn't have decades of experience "aiming" at something, and going after it.

The only thing left is that, in a time long ago, aristocrats would send their sons off to learn the classics, and get an "education," so that they wouldn't become flagrant hedonists, wanton raping, murdering, and making an all-around mess of things; instead their energies would be pushed in other, more "acceptable" directions, decided by pedagogists.

TL;DR OP: May I recommend dropping out of the sciences and other "hard" or niche topics? Go study with the ivory-tower academicians in a field you are actually interested in. Perhaps look into philosophy, or other "soft" topics, where nothing ever gets "done," and you can burn through the rest of your time on this earth, forever "working" on it. Maybe even go learn Ancient Greek, and see if you can rekindle some sort of greater humanity within yourself (doubtful, if that's not where your values lie).

Whatever it is, you will not find any meaning. Even if you decide to throw away all that money to be "rid" of it, you're forever a changed person -- and you can never go back. Find some tolerable pursuits that keep you busy, and don't leave you much time to think and ruminate. Something pleasurable, but not devilishly indulgent. Something sustainable.

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

#199
post #182

Was your drive money for the sake of making a living or the like? I personally have a project I would like to fully invest my life on and I would love to have the opportunity of not having to work (even when I am doing it for a FAANG) so I can see it progress, i think it may give me a fair amount of money, yet the real drive behind it is so I can improve people's lives. I think you need that, find that something "you…

I'm an ex-Christian (long story) and I really do like that verse. I live in a third-world country but perform freelance work for foreign firms, so I effectively earn months of some people's salary here in barely two weeks of easy work. I have a lot of leisure time but I hate it because I feel useless during most of it, so maybe the curse of having to work is really "for thy sake".

Many people I know dream of having to never work again, but I can't just picture myself that way.

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

#200
post #154

I've had this happen to a friend. After some years toiling in obscure startups, he made his money, stopped working, bought a nice house, a nice car... And within two years was bored senseless. He joined a big company as an entry level SWE, not really caring about the money at all, but just so he'd have something to do with his time. A decade later he's happily retired but I think it took him some time to find a way t…

Beware that once you are creating holes in your CV the chance of landing a top job decreases fast. When I employ people, I do not care about personal economy.

I think a better employer only looks at history insofar as it's a predictor of future potential. Gaps in employment history that relate to personal challenges, be they medical, family related, or motivational, shouldn't be seen as black marks as long as they're resolved and skills are current. People may have grown during these periods more than you might think.
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