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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?

#251

Post by mockingbirdy »

cruelty wrote: post #167

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…

> keeping my possessions to what can fit in two suit cases

I really want to do that as well while learning piano. Any recommendations for articles / checklists for people who want to live like this? Minimalism while having music gear seems hard. I'd love to do it with just one backpack, already did 3 week travels that way (but without musical instruments) but didn't have the opportunity to try it for longer periods of time with a complete setup.

Thinking about living in portugal as well.

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

#253

Post by spankalee »

whiddershins wrote: post #159
rwesty wrote: post #143

Earlier quoted context omitted.

What’s the point?

It’s important to be careful about to whom you grant root access to your mind.

"root access to your mind"??

Just what do you think therapy is?

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

#254

Post by BrandoElFollito »

throw_this_one wrote: post #250
BrandoElFollito wrote: post #248

7 M€ is great but at 2% a year, it is 140k€ of income. This more or less would mean a 200k€ job. This is great, but not "I am insanely rich" great. If I were you I would either try to find something to do that would drive me to that level (you can take risks now), or (most probably, but it's because it's me) take a job that does not pay much but they will make you happy (interaction with people, low stress, ...)

Yeah I think there's a level of about 1-15 mil where you're not like baller level rich but you have more than enough to explore the world and live a very very comfortable life.

The low millions, at least in Western Europe, is not enough to sustain a comfortable life without working when you are 10+ years from retirement.

Of course you can always go for a frugal life but the average middle class one (vacations, no much worries when going to the supermarket, ...) for a family of 4 is not easily doable.

When you have the 7M€ OP has, you have a realistically stable income of 140k€ post taxes which is very comfortable. I think that the tipping poing is around 5M€.

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

#257

Post by benhurmarcel »

BrandoElFollito wrote: post #248

7 M€ is great but at 2% a year, it is 140k€ of income. This more or less would mean a 200k€ job. This is great, but not "I am insanely rich" great. If I were you I would either try to find something to do that would drive me to that level (you can take risks now), or (most probably, but it's because it's me) take a job that does not pay much but they will make you happy (interaction with people, low stress, ...)

In western Europe a family can live very decently on a 60k€ salary. That’s what a lot of senior engineers make. At 140k€ you’re quite rich.

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

#258

Post by BrandoElFollito »

benhurmarcel wrote: post #257
BrandoElFollito wrote: post #248

7 M€ is great but at 2% a year, it is 140k€ of income. This more or less would mean a 200k€ job. This is great, but not "I am insanely rich" great. If I were you I would either try to find something to do that would drive me to that level (you can take risks now), or (most probably, but it's because it's me) take a job that does not pay much but they will make you happy (interaction with people, low stress, ...)

In western Europe a family can live very decently on a 60k€ salary. That’s what a lot of senior engineers make. At 140k€ you’re quite rich.

Obviously "decently" depends on individual perception.

For me this is owning in an apartment or house with a room for everyone + living room, going to ski, going on vacation (summer and another one from the school vacation + once every 2 years a bigger one far away), not having to worry about the grocery store (I take what I need without looking at the price).

I am quite frugal so i do nto care at all about clothes and have no opinion about that.

I have a 10 years old TV that is going great and I will change it only when Iit breaks. Same for the home server that is 6 years old and will stay at least 6 years more).

Plus a car.

Long term: being able to send children to a good university - in France this means about 120k€ per child (all costs included).

Even longer term: retiring without loss in the comfort described above.

I am not sure it is doable on a 60k€ salary for a family of 4.

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

#259

Post by chilling »

mockingbirdy wrote: post #245
chilling wrote: post #110

Earlier quoted context omitted.

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…

> Did the basic training and looking forward to start jumping in wingsuit next year Nice! Thought about paragliding too, but decided I like the action of flying in a wingsuit more. Booked my first tandem skydiving jump and will start the basic training in 2022. In Germany we're only allowed wingsuit jumps when we complete 200 normal jumps, do you know if there's a jurisdiction where this requirement is lower?

I would definitely recommend skydiving over paragliding and kitesurfing over skydiving. Paragliding is MUCH harder than skydiving (you need to feel/understand the wind really well).

Talking about the tandem jump - I don't know how it's in Germany but in Poland basic AFF training + one jump with 2 instructors cost the same price as the tandem jump thus making it a really foolish choice.

200 jumps requirement is shared across most of the world and to be honest it's not really that much. Skydiving in the details is really hard - you need to control and feel you body perfectly and also know how to move and behave in the air. You could probably try jumping in Ukraine - it's cheap like a bread and dangerous like a hell. I did my first jump in Ukraine and it cost me around 35$ (basic training was in ukrainian which I don't speak at all)

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