Philip Greenspun has some thoughts:
Ask HN: you're rich, now what?
21–30 of 157 posts
Re: Ask HN: you're rich, now what?
#22To be rich means a lot of things. You can be named rich if you have either $10M or $10bn in the bank.
Let's say, realistically, that I have $10M.
First of all I'd cut all unnecessary costs, rent a smaller flat and spend a year thinking about my life, studying something just to clean my mind, collecting startup ideas. It is important not to freak out.
Then, I can either go back to the university or start another company. I think it depends on my thoughts during this gap year.
Re: Ask HN: you're rich, now what?
#23http://news.ycombinator.com/item?id=79057 for reference.
Re: Ask HN: you're rich, now what?
#24Depending on HOW wealthy I am:
- Clean up all friends/family student loans and credit - Build a new house, buy anything I want - Start a college fund for my nephew - Do it again
Re: Ask HN: you're rich, now what?
#25No more need of VC to do the things I want to do.
Re: Ask HN: you're rich, now what?
#262 chicks
Nah. One chick, one duck.
Re: Ask HN: you're rich, now what?
#27Improve the world: start a charitable foundation; support amazing candidates for public office; invest in social services for developing nations. Improve yourself: go back to school and get a degree in history, or music, or art; travel to another continent and live somewhere new long enough to learn the language; write a book, and read a lot of other peoples'. Improve others: get your teaching certificate (usually <1…
Admirable goals...none of which require we be rich...and many with which riches will interfere.
Re: Ask HN: you're rich, now what?
#28• Move to the SF area • Attend loads of cool conferences • Splash out on some new gear — a new Mac for starters • Be able to spend a lot more time on personal projects • Start a new startup; its not work if you enjoy doing it. ;)
You can do all of this without being rich super rich.
Re: Ask HN: you're rich, now what?
#29Finding myself in a similar situation, my answer is... "I don't know, I've spent all my attention getting this done, I'll work on what comes next now."
Most people give me the eye like "Ah ha! He has some plan that he isn't ready to divulge.", but really. I don't know. I'm working on it now.
Re: Ask HN: you're rich, now what?
#302 chicks
Pay off all your bills, Take care of your family, and try to not live your life in regards to your wealth.
also, 2 chicks.