At the start of the article, I was thinking “well, I would go deep on learning physics”. Had a good chuckle at the end of the article.
I am rich and have no idea what to do
141–150 of 1001 posts
Re: I am rich and have no idea what to do
#142Just as a side note because you mentioned it in relation to DOGE: the US government cannot go bankrupt in its own currency. As long as prices are kept in check, there is no reason not to create more money. The fact that the US has to pay interest on it doesn't change that. If the government decides to spend more money than it takes in, the money is simply created by the central bank (through the detour of bonds). If…
push it too far and inflation goes up though. It's "the dosage makes the poison". Then, printing even more money leads to hyperinflation, etc, etc
Re: I am rich and have no idea what to do
#143I don’t think his problem is money. I think his problem is his identity (founder of Loom) suddenly disappeared. Now he needs to develop a new identity. This is especially difficult for single founders without kids (in the sense that people with spouse/kids already derive much of their identity from those 2 things). Selling a company isn’t all that different from going through a divorce (in the sense that your identit…
William Storr writes about this. His stance is humans are hard wired for status within their social group. The problem is when all your status eggs in one basket and it disappears, it’s not good for your mental health. He advocates for having your identity spread across many different pursuits and disparate social groups, although he admits he’s not very good at doing that himself.
Re: I am rich and have no idea what to do
#144I don't think you have to have Fuck You Money to get to this point. Most people eventually become disillusioned with work enough that they reevaluate what matters to them. Getting a very profitable exit is just one way to trigger that experience. In my experience, a lot of people who get into this state start self-sabotaging hard as a way of rejecting what feels, ironically, like losing control. Sudden freedom can fe…
As someone who has not been successful in life but who is relatively intelligent do you have any recommendations as to how I can get my life on track?
I am asking because you said you like developing people. My persistent experience in life for almost 20 years post college has been nobody wants to develop me.
I am not in tech but I am generally interested in the area if it can lead me to greater independence and more interesting work.
I like jobs that are intellectually engaging and ideally somewhat physically active.
Right now I am working in a mechanical role.
Sometimes I like the work but more often than not I find that good problem solving ability is not valued and the pay is dismal vs. what people earn in tech.
I have a BA in economics but unfortunately have never used it. 37 years old.
Re: I am rich and have no idea what to do
#145> I should work for Elon and Vivek at DOGE and help America get off its current crash to defaulting on its own debt
I’ve got an idea: take some good economics courses so that you learn how government spending actually works.
Re: I am rich and have no idea what to do
#146I don't think you have to have Fuck You Money to get to this point. Most people eventually become disillusioned with work enough that they reevaluate what matters to them. Getting a very profitable exit is just one way to trigger that experience. In my experience, a lot of people who get into this state start self-sabotaging hard as a way of rejecting what feels, ironically, like losing control. Sudden freedom can fe…
In a way having money makes it harder because it makes it harder to blame your unhappiness on your circumstances.
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Re: I am rich and have no idea what to do
#147relatable.
Re: I am rich and have no idea what to do
#148[deleted]
Re: I am rich and have no idea what to do
#149Just as a side note because you mentioned it in relation to DOGE: the US government cannot go bankrupt in its own currency. As long as prices are kept in check, there is no reason not to create more money. The fact that the US has to pay interest on it doesn't change that. If the government decides to spend more money than it takes in, the money is simply created by the central bank (through the detour of bonds). If…
And if you are more interested, you can go and life in a country in which this non sense has been applied, like Zimbabue, Venezuela or Argentina.
You take the richest and most prosperous countries on Earth and you make it miserable beyond recognition.
Re: I am rich and have no idea what to do
#150Just as a side note because you mentioned it in relation to DOGE: the US government cannot go bankrupt in its own currency. As long as prices are kept in check, there is no reason not to create more money. The fact that the US has to pay interest on it doesn't change that. If the government decides to spend more money than it takes in, the money is simply created by the central bank (through the detour of bonds). If…
push it too far and inflation goes up though. It's "the dosage makes the poison". Then, printing even more money leads to hyperinflation, etc, etc
Ill fill in the blank - pushing it to far_________ inflation goes up
You meant to add " and in particular if other countries start refusing it because it has the same value as toilet paper, except the dollar will leave your butt stained of black in, when used for bathroom purposes,"