21–30 of 303 posts
It’s easy to get caught up in the heady buzz of making money. You should regard money as fuel for what you really want to do, not as a goal in and of itself. Money is like gas in the car — you need to pay attention or you’ll end up on the side of the road — but a well-lived life is not a tour of gas stations!
Source: http://radar.oreilly.com/2009/01/work-on-stuff-that-matters-...
Earlier quoted context omitted.
I recall a colleague once (~10 years ago) telling me that some people he knew felt that 5k GBP would be enough to solve all of their (money) worries. I thought it absurd, i.e. too low given things like planning for old age. I guess there are people who would think my estimate too low if I said I needed 5m for the same purpose. (not saying 5m is the right number for me or anyone else.)
One of the projects I want to do is to map living expenses, inflation and life expectancy to know exactly how much money is "enough". My problem is that we forget that we tomorrow should be more valuable to us than today and by the time we get this realization, we might have lost many years (of adulthood).
There you go: http://www.nileshtrivedi.com/2012/07/10/how-much-is-enough.h...
Earlier quoted context omitted.
I recall a colleague once (~10 years ago) telling me that some people he knew felt that 5k GBP would be enough to solve all of their (money) worries. I thought it absurd, i.e. too low given things like planning for old age. I guess there are people who would think my estimate too low if I said I needed 5m for the same purpose. (not saying 5m is the right number for me or anyone else.)
One of the projects I want to do is to map living expenses, inflation and life expectancy to know exactly how much money is "enough". My problem is that we forget that we tomorrow should be more valuable to us than today and by the time we get this realization, we might have lost many years (of adulthood).
http://www.npr.org/blogs/money/2010/09/07/129703291/new-stud...
Earlier quoted context omitted.
One of the projects I want to do is to map living expenses, inflation and life expectancy to know exactly how much money is "enough". My problem is that we forget that we tomorrow should be more valuable to us than today and by the time we get this realization, we might have lost many years (of adulthood).
> One of the projects I want to do is to map living expenses, inflation and life expectancy to know exactly how much money is "enough". There you go: http://www.nileshtrivedi.com/2012/07/10/how-much-is-enough.h...
Reminds me of another saying that software development time is never enough, except when you have hard borders and deadlines with the right priorities and vision - it will take exactly that time.
Getting more money loosens the borders - you buy better houses, better cars, have bigger family, make bigger investments..and you need more to support that.
"the pieces of green paper have value because everybody thinks they have value." Freedom is fallacy.
Not really. Having money and working for myself means that I don't have to take orders from a boss or a manager that tells me I need to work another holiday or weekend..only because of their own incompetence.
I can also take vacations when I want (which doesn't happen as much..because I do need to run a business) and I don't have to request a day off when I'm sick.
This is freedom to me, even though it is based on a piece of paper that's worth is only in someone's mind.
This is what I have been working on..for the last 8+ years and achieved it last year.
When you know self made millionaires you learn one thing: "Money is not wealth". Almost nobody that understands wealth holds money, money is a tool for exchanging things and its value decreases with time. They hold real state, they hold precious metals, they hold stock, they travel, they know people. The people that made money usually like making wealth and don't fear losing it so much, they learn all their life to h…
Which is why I'm never going to be super-rich, because I don't really care about it obsessionally like those two did.
Edit: I should say these were self-made millionaires. I have also worked with people who were millionaires just by being in the right place at the right time, and they were completely different and rather careless with money.
Tim O'Reilly on money: It’s easy to get caught up in the heady buzz of making money. You should regard money as fuel for what you really want to do, not as a goal in and of itself. Money is like gas in the car — you need to pay attention or you’ll end up on the side of the road — but a well-lived life is not a tour of gas stations! Source: http://radar.oreilly.com/2009/01/work-on-stuff-that-matters-...
Earlier quoted context omitted.
One of the projects I want to do is to map living expenses, inflation and life expectancy to know exactly how much money is "enough". My problem is that we forget that we tomorrow should be more valuable to us than today and by the time we get this realization, we might have lost many years (of adulthood).
Based on the following research, I guess $75K? http://www.npr.org/blogs/money/2010/09/07/129703291/new-stud...
Once this is accomplished I never strictly 'need' to work unless I need something extravagant or more savings or family :) In theory anyway.