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Ask HN: What do you consider "making it"?

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Re: Ask HN: What do you consider "making it"?

#31

Post by fallentimes »

bprater wrote: post #26
fallentimes wrote: post #10

Earlier quoted context omitted.

I'm actually living on 15k per year right now. Free time + stuff to do + safety net + support family = ~100k per year. YMMV. But thanks for the good news anyway. :)

It would be cool to learn more about how you budget it, assuming you pay for some kind of housing. My rent is more than $15k/year.

I'll definitely write about this later on the TicketStumbler new stuff blog.

Short answer: we live in a spacious dumpy place a 15 min walk away from Davis Sq (Boston area), have shitty health insurance, rarely use a car, keep the temperature low (read: cold) in the winter, don't go out to eat much and cook our own healthy food from the grocery/bakery. Despite all this, we still live like relative kings.

It's sort of cheating though because in terms of clothes & tech I came to Boston with everything I need so I spend literally no money on them now.

Re: Ask HN: What do you consider "making it"?

#32

Post by icey »

bprater wrote: post #27
DenisM wrote: post #19

$15 milllion net worth after tax, or $1 million yearly income, whichever comes first. Today's dollars, adjusted for inflation.

I'd say that is pretty accurate. We need a new version of "wow, he's a millionaire".

Billionaire is the new millionaire.

Re: Ask HN: What do you consider "making it"?

#35

Post by petercooper »

bprater wrote: post #26
fallentimes wrote: post #10

Earlier quoted context omitted.

I'm actually living on 15k per year right now. Free time + stuff to do + safety net + support family = ~100k per year. YMMV. But thanks for the good news anyway. :)

It would be cool to learn more about how you budget it, assuming you pay for some kind of housing. My rent is more than $15k/year.

I live on about $17,000 per year after tax (I'm in the UK though). I have a mortgage, a comfortable style of life, a new car, a contract iPhone, yada yada.. and.. there's no real secret except a) live where the day-to-day expenses are as cheap as conveniently possible, b) spend as little money on frivolities as possible, and c) split the day-to-day expenses with a partner (my wife in my case - half the mortgage, half the property taxes, half the utilities, etc..)

Re: Ask HN: What do you consider "making it"?

#37

Post by nazgulnarsil »

fallentimes wrote: post #31
bprater wrote: post #26

Earlier quoted context omitted.

It would be cool to learn more about how you budget it, assuming you pay for some kind of housing. My rent is more than $15k/year.

I'll definitely write about this later on the TicketStumbler new stuff blog. Short answer: we live in a spacious dumpy place a 15 min walk away from Davis Sq (Boston area), have shitty health insurance, rarely use a car, keep the temperature low (read: cold) in the winter, don't go out to eat much and cook our own healthy food from the grocery/bakery. Despite all this, we still live like relative kings. It's sort of…

good on you. just having the ability to do this (sadly) sets you apart in these times. the ability to prioritize costs allows you to have a standard of living higher than your income would suggest. this translates incredibly well to having more money. when you do make 100k you'll find yourself spending 50k and still living just as well as everyone else who makes 100k, or spending 100k and living like someone who makes 200k. most people don't prioritize because they never spend the time to sit down and really figure out what is important to them.

Re: Ask HN: What do you consider "making it"?

#38

Post by endlessvoid94 »

pedalpete wrote: post #14

Short answer, never, particularly when you are still calling yourself a start-up. Once you've 'made-it', you aren't a start-up anymore, you're a big business, and big businesses still need lots of work to keep them successful. Long answer - when your piece of art is complete. A great book, 'Finite and Infinite Games' lays out my feelings on this. Your first STEP in success is when you are really in the game. I've lau…

Great answer. It's the journey not the destination. In almost everything.

Re: Ask HN: What do you consider "making it"?

#39

Post by michaelneale »

bprater wrote: post #27
DenisM wrote: post #19

$15 milllion net worth after tax, or $1 million yearly income, whichever comes first. Today's dollars, adjusted for inflation.

I'd say that is pretty accurate. We need a new version of "wow, he's a millionaire".

I have heard the term "deci-millionaire" throws around lately.
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