Live data from Hacker News

The Fallacy of Money As A Means

life-longlearner.com

71–80 of 129 posts

Re: The Fallacy of Money As A Means

#71
If you don't care about changing the world or creating a great company or building stuff, you probably shouldn't be an entrepreneur.

But if you're going to pick a fake motivation for your pitch deck, "I just want to build stuff" is pretty lame. Do people really say that when it isn't even true?

Re: The Fallacy of Money As A Means

#72
post #66

Earlier quoted context omitted.

Anecdotes are fun, but the data suggests over and over again that financially successful parents have more financially successful children.

Your statement erroneously associates financial success with happiness. Provably untrue.

I was going to complain about the same thing, but it turns out that @lsc said "more money does not always mean more successful children". Perhaps it was a poor choice of words and he really meant "happier" instead of "more successful".

Re: The Fallacy of Money As A Means

#73

I once asked people to choose between 1) Making a contribution to society as profound as Isaac Newton's, but leading such a harried life that they died before the age of 50 from a stress-related illness 2) Leading a content, good, happy, and unremarkable life Everyone in the Valley chooses (1)

Not me. Let someone else be the hero.

Re: The Fallacy of Money As A Means

#74
post #4

This is a generally short-sighted article, that looks inward but not at the bigger picture. I want to make a lot of money because I want to start a family, and I want them to have the best life and the best opportunities available. Not to be spoiled, but simply to have a good life. And that's just the start. I want to make money so I can help people. To be able to invest in things which might cure diseases, solve hun…

You've got a lot of good points there, but I think the worst problem with the article is that it oversimplifies everything. It's fundamentally wrong about a whole lot of things.

For example, it assumes that there's only one reason for wanting a lot of money. What if I want a "total autonomy over my time" and "nice things", at the same time?

As @dragonwriter said elsewhere in this thread, money is one of the means of obtaining power. That's why nearly everyone would like to make a lot of money: they want power. Power to do what? That depends on each person and cannot be oversimplified the way this article does.

Re: The Fallacy of Money As A Means

#75
post #23

To buy my freedom.

Seriously. It's amazing to me that this idea doesn't enter folks' minds. I would love to do my current job for 50% of the pay and work 6 months out of the year and take 6 months vacation (yes, I know the numbers would be a little different). This is not an option. You either do temp work/contracting work (a giant PITA IMHO) or you "man up" and work 40-50 hour weeks with 2 weeks of vacation.

Re: The Fallacy of Money As A Means

#76
post #68

Earlier quoted context omitted.

Wanting to start a family and having a family to support are two different things. I imagine the goal of a ton of people without families is to generate the capital necessary to start a family.

Having started a family a year ago, I wonder what kind of capital is necessary to start a family is? For diapers? Or do people really want to save up for college when they have barely left college themselves? Until age 3, a child doesn't even need a dedicated room, so basically any apt suitable for 2 people will do. Disclaimer: I'm in Austria, maybe it's easier here.

Its almost certainly easier there, since you guys have, socialized medicine, cheaper education, affordable housing, etc. All of the things we're terrible at here in the US basically. Most people want to own a home, which in the SF area will be 500k or so just for a reasonable place. Then you have to pay a ton of money for health insurance, then you pay a ton to educate them, have a babysitter, etc.

Re: The Fallacy of Money As A Means

#78
I think for me what it comes down to is 'F U money'. I will feel successful when I have enough money earned and saved that any storm can be weathered, even if I decide to walk into said storm (leave via an 'F U', hence the name).

It might not be a reality. It might not even be attainable (maybe the bar keeps moving), but that's my criteria.

Re: The Fallacy of Money As A Means

#79
post #36

I once asked people to choose between 1) Making a contribution to society as profound as Isaac Newton's, but leading such a harried life that they died before the age of 50 from a stress-related illness 2) Leading a content, good, happy, and unremarkable life Everyone in the Valley chooses (1)

Next time ask them to choose between: 1) The very slim possibility of making a contribution to society as profound as Isaac Newton's, but leading such a harried life that they died before the age of 50 from a stress-related illness. 2) The pretty good chance that you can lead a fairly good, fairly happy, fairly content, but generally unremakable life.

yes, your modification is a lot more realistic.

Re: The Fallacy of Money As A Means

#80
The journey is the destination. It is better to travel than to arrive. Getting there is half the fun.

  Life only avails, not the having lived. Power ceases in the instant of repose; it
  resides in the moment of transition from a past to a new state, in the shooting of
  the gulf, in the darting to an aim. This one fact the world hates, that the soul
  *becomes*; for that for ever degrades the past, turns all riches to poverty, all
  reputation to a shame, confounds the saint with the rogue, shoves Jesus and Judas
  equally aside.
http://www.emersoncentral.com/selfreliance.htm
Post reply on HN