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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?

#222

I’m just some internet stranger who doesn’t know anything, but as a 50 year old guy, here’s my suggestion: First, focus on yourself. Eat well, spend time getting fit, meditate, see a therapist, spend time with your friends and family. Then, when you start to feel more bored than depressed, look around. The world needs you, and there are opportunities for you to make things better where your skills and money could be…

Nicely said. I share quite the same story as the OP with a few zeroes different in the final sum. I quit my job 8 months ago and basically felt the same boredom and depression feeling. But after 2 months of doing almost nothing my brain simply rested enough and returned to regular activity. Then I spend almost every day checking my wish list: - Paragliding? Yeah, did the basic training in 2 weeks. - Kite surfing? Why…

Nice! You sound like a good dude. I wish you good fortune.

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

#224
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.

This person has €7M, they should not care at all about the above advice.

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

#226

Earlier quoted context omitted.

It's more money than most Europeans will make in their life, especially after taxes.

I doubt anyone here compares themselves to "most europeans". I am a european and it's a lot of money for me but I dont see it to be a life changing amount of money (as in I would be comfortable just spending it). You can easily spend half of this money on on real estate.

I am curious how you can say it’s “not life changing”. You can literally get back every second of your remaining time on this planet without having to spend it for an employer. A safe 3% withdrawal rate would put you at around $250k a year of extremely tax favored passive income that you get without having to do anything. What the heck.

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

#227
post #53

> How did you get out of this? What can I do? Get married. Your wife will know what to do with the money. Have kids. You won't need to worry about this sort of stuff again. I have 3. I get motivated at 7 AM, every morning.

How can a marriage and having kids move you out of depression? How can you be a good partner and a good parent if you can't even find the drive to live? Feels like one could get into even more difficulties when relationships and parenting get hard, even with money. I see this advice everywhere, "Just have children.". I do not understand how this is sensible advice for people that are obviously not fit to be parents a…

You think too much. When thoughts aren’t purposeful (get from A to B), your mind will wander and frequently lead you to unpleasant places. When you’re married with children, very rarely will you have time to let your thoughts wander.

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

#229
Why feel depressed? Invest your new fortune in a few more ICOs, wait year or two and when the amount invested drops to your initial sum - sell and feel great again ;) Stay hungry, stay foolish ;) Jokes aside, 7m can disappear with the same speed they arrived, so keep that in mind and keep doing what you love and what you can find as a purpose.

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

#230

Earlier quoted context omitted.

I doubt anyone here compares themselves to "most europeans". I am a european and it's a lot of money for me but I dont see it to be a life changing amount of money (as in I would be comfortable just spending it). You can easily spend half of this money on on real estate.

I am curious how you can say it’s “not life changing”. You can literally get back every second of your remaining time on this planet without having to spend it for an employer. A safe 3% withdrawal rate would put you at around $250k a year of extremely tax favored passive income that you get without having to do anything. What the heck.

> A safe 3% withdrawal rate would put you at around $250k a year of extremely tax favored passive income that you get without having to do anything. What the heck.

It's the movies and Forbes list constantly in your face.

Di Caprio/Scorssese plus Steve Forbes screwed (and skewed) a lot of people perceptions.

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