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I am rich and have no idea what to do

vinay.sh

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Re: I am rich and have no idea what to do

#231

Post by akamaka »

bko wrote: post #204
akamaka wrote: post #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.

Wouldn't this be the equivalent of telling someone "before you try and build a business, try to take some business courses and learn how business works. Perhaps even an MBA".

Not quite, because a successful business could be as simple as a lemonade stand. Government finance, on the other hand, is an exceptionally delicate game of safely maximizing spending to stimulate economic growth (and therefore future tax revenue).

Re: I am rich and have no idea what to do

#233

Post by whatshisface »

ilrwbwrkhv wrote: post #225
j4coh wrote: post #3

Same situation, I truly empathise because it really does seem to take a lot of purpose out of everything. What I’ve found is that you need to replace money/salary/financial success optimisation (assuming you spent a lot of your life and energy to this point focused on these, much like I did) with something else totally unconnected with being measured in that way. For me, I am focused on proving myself as a guitarist…

That last point is salient. I grew very rich in the last 3 - 4 years and I funded a bunch of my friend's startup ideas. Now I cannot bear myself to reply to their happy new year wishes because how the relationships have soured.

If you're never getting that money back, you might as well forgive them and forget it. Then at least you'd keep the friends.

Re: I am rich and have no idea what to do

#235

Post by jeffreyrogers »

This is very common among people who sell their companies. AJ Wasserstein[0] at Yale's school of management has written a few things about it. He built up and sold a (non-tech) business for a substantial amount of money, so he's not just theorizing. Here's one of the things he's written: https://yale.app.box.com/s/ye0naovus7anbz875vcrcpzrdskjskgf

[0]: https://som.yale.edu/faculty-research/faculty-directory/aj-w...

Re: I am rich and have no idea what to do

#236

Post by paulpauper »

akamaka wrote: post #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.

You would not learn this in an economics course. Source: someone who has taken economics courses. Maybe a civics course.

Re: I am rich and have no idea what to do

#237

Post by iddan »

Probably not gonna get upvoted but I’m pretty surprised none of the the top comments mentions volunteering or philanthropy. I believe people who get lucky should land a hand in making the world a better place. We are facing huge crises (climate change to name one) and as a wealthy individual you have both the time to spend helping to fix that and the fortune to donate. Being a smart wealthy individual just makes everything more valuable

Re: I am rich and have no idea what to do

#238

Post by willseth »

luke-stanley wrote: post #122

Why not map out suffering and ways people optimally can learn to solve it, using our collective intelligence? I mean, if you're looking for ideas. Hopefully someone gets around to that one.

Yeah altruism, but more...effective. Wonder if anyone has looked into that idea and if so how it worked out.

Re: I am rich and have no idea what to do

#239

Post by philosopher1234 »

morpheos137 wrote: post #144
madrox wrote: post #106

I 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…

It’s unlikely you’ll find someone who takes an interest in developing you, who isn’t a personal connection or someone you pay, in my experience. You will probably have to take the first step yourself, either to develop yourself or to find and develop a nurturing relationship.

Re: I am rich and have no idea what to do

#240

Post by [deleted] »

Mountain_Skies wrote: post #213
akamaka wrote: post #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.

Is this about the impossibility of a government defaulting on its debt if that debt is payable in currency that same government can print? Or is it some stimulus thing?

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