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Ask PG & other successful folks: how did your life change after FU money?

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11–20 of 180 posts

Re: Ask PG & other successful folks: how did your life change after FU money?

#11
post #2

Pretty much the same life, the toys are just a bit bigger. One thing I've found though - girls don't care about the money in the bank. Maybe they care about if you drive a big car or something, but just spending a lot does not seem to result in the ladies being significantly more impressed. Interaction with other people is more of a i-don't-give-a-shit-who-you-are anymore. Take it or leave it is much easier. Life is…

Following traditional gender roles, the male's job is as a provider. When you start talking about settling down, the reduced ambiguity about future provisions seems to start looking real attractive. YMMV

Re: Ask PG & other successful folks: how did your life change after FU money?

#12
I won't say I am in the big league but I have enough to last me a couple of years if I stay comfortably. It is invested well so I am hoping that it will last longer. I also don't have any major outgoings like mortgages or rent.

> * Has your life changed in unexpected ways?

One change has been that I haven't worked for the last 2 years and don't plan to in the near future. I love programming so just spent my day working on some hobby projects and watching stocks. The risk is that as there isn't any hard deadline for delivery I end up taking things easy which is not good and probably something I should be changing.

One problem I face is that much of the money is just lying in either accounts or investments so its not really visible - no flashy cars or toys for me. And I tend to be frugal in my living so most people think I am good for nothing and feel bad for my wife. Some of her concerned friends have been asking here when I plan to start working. My wife doesn't have any problem with my lifestyle as she knows about my financial situation.

> * Has there been any change in the way you interact with strangers?

Social interaction is one thing I miss about having a job. It provides a clear structure in which you interact with other people. So my interaction is now primarily with existing friends and family. If anything, my previously average social skill have probably become below average.

> * Has the number of things you have to endure increased or decreased?

I would say life has started appearing much simple to me. With money not a factor in my choices, I sit around doing exactly what I want to do. As of now I have nothing to show for my last 2 years (except my investments going up but thats a passive activity) but I am hoping that will change in a year or two.

> * And is "FU money" all its cracked up to be? e.g., is your life an order of magnitude more enjoyable now, or is it pretty much the same etc?

I would say that I put up with less crap but its less enjoyable. To explain the contradiction, when my wife comes home from work and talks about "management is making X mistake", "my product was not highlighted in our newsletter" etc, the usual office activities. I understand that but its been a long time (2 years to be precise) since I experienced these things. These basic experiences (good or bad) did keep me occupied and made life interesting. Now with all that gone, its HN, hobby projects, stocks and after that I am pretty much on my own do something that would make me feel worthwhile.

Overall I would say that I am much more comfortable and happier than I was but my social interactions have become pretty minimal which I don't think is good.

Re: Ask PG & other successful folks: how did your life change after FU money?

#13
Eventually, it didn't change me much, but I do spend a bit more on cheap frivolous stuff (like http://store.xkcd.com/xkcd/#Sudo). But then I have been through the cycle twice.

Initially I was broke. When I got my first real job (after undergrad in India), I felt like I had all the money in the world. In the first few months, I bought myself a nice camera, motorbike, smartphone, gifts for family and my girlfriend, started eating at nice restaurants etc. But then I figured I already had whatever I needed and things I enjoyed most didn't really require any money (except the camera and motorbike, I guess).

Then I quit my job and went to grad school for which I had to pay for (Masters, not a PhD) and went into debt (US schools are sooo expensive), and drastically cut down my expenses (ate cheap Thai food almost every day). After that I got a well-paying job again, paid off all my loans, and am now back to my earlier lifestyle i.e. I spend on things I enjoy, give a modest amount of money in charity regularly, enjoy the occasional expensive dinner, buy nice gifts for my family and close friends, but I still save a good amount.

I am definitely happier than I would be without any money, but I don't think I would be any happier if I suddenly started earning 2x.

Re: Ask PG & other successful folks: how did your life change after FU money?

#14
I'm going to think about answering this because it's going to take more than a short comment, those are 4 really complicated questions.

The short answers are yes, yes, decreased, no and different.

The longer ones will take me a bit of time to put together.

Re: Ask PG & other successful folks: how did your life change after FU money?

#15
post #3
post #2

Pretty much the same life, the toys are just a bit bigger. One thing I've found though - girls don't care about the money in the bank. Maybe they care about if you drive a big car or something, but just spending a lot does not seem to result in the ladies being significantly more impressed. Interaction with other people is more of a i-don't-give-a-shit-who-you-are anymore. Take it or leave it is much easier. Life is…

This probably says more about me than anyone else, but I felt the same after getting enough money in the bank for one years rent.

Haha, that made me laugh out loud. I'm sort of in the same situation, but when things get hard in my startup I sometimes begin to panic.

Re: Ask PG & other successful folks: how did your life change after FU money?

#16
post #7

Be prepared for it mentally and emotionally before getting FU money. It's not dissimilar to winning the lottery. Most of you reading this site is either working extremely hard to get FU money or has it already. If you're not prepared for it, it will just amplify your worst nightmares and habits, and there's a good chance the meaning of many things in life, including life itself, will disappear. Plan for a use/purpose…

I'm not sure why someone would downvote you. Having a journey _is_ key, and this is why "FU money" would be useful. Given a lucky $5,000,000 lottery win, many people on HN would probably have a chance to leave the day job and finally take a shot at accomplishing their dream (perhaps building the next amazing geo-tagging-social-network, or opening a store, or whatever it might be.) Without a dream, people will just spend money on toys that seem far too obvious, such as fancy cars.

Simple money management skills help as well.

Re: Ask PG & other successful folks: how did your life change after FU money?

#18
post #12

I won't say I am in the big league but I have enough to last me a couple of years if I stay comfortably. It is invested well so I am hoping that it will last longer. I also don't have any major outgoings like mortgages or rent. > * Has your life changed in unexpected ways? One change has been that I haven't worked for the last 2 years and don't plan to in the near future. I love programming so just spent my day worki…

Have you considered taking you hobby projects further? Hiring a team, renting an office and putting a product out there? I am not suggesting you do, I am just curious.

Re: Ask PG & other successful folks: how did your life change after FU money?

#19
post #9

Earlier quoted context omitted.

One thing I've found though - girls don't care about the money in the bank. Wherever you are meeting girls, I want to go there. My experience in an NJ bar a week or two ago: I was talking with a coder friend of mine about my job. This was a geeky conversation with words like "latency", "queues" and "atomic operations", as well as "lost $BIGNUM in half a second", rather than a manly conversation about "parachuting int…

This is a great point against living in NYC metro area. I doubt you'd suffer this in Boston (Academia seems to be the dominant life form), SFBA (tech; a trader would be a lot less sexy than the founder of a tech startup even pre-fu money), or Seattle or Portland (environmentalism? art? food?).

SFBA (tech; a trader would be a lot less sexy than the founder of a tech startup even pre-fu money)

Tech startup founders are a dime a dozen around here. In fact, I've found the best way to get a girl interested is to say "Hi, I'm not a software engineer!"

Re: Ask PG & other successful folks: how did your life change after FU money?

#20
post #2

Pretty much the same life, the toys are just a bit bigger. One thing I've found though - girls don't care about the money in the bank. Maybe they care about if you drive a big car or something, but just spending a lot does not seem to result in the ladies being significantly more impressed. Interaction with other people is more of a i-don't-give-a-shit-who-you-are anymore. Take it or leave it is much easier. Life is…

One thing I've found though - girls don't care about the money in the bank. Wherever you are meeting girls, I want to go there. My experience in an NJ bar a week or two ago: I was talking with a coder friend of mine about my job. This was a geeky conversation with words like "latency", "queues" and "atomic operations", as well as "lost $BIGNUM in half a second", rather than a manly conversation about "parachuting int…

I have been in NYC for the last two and a half months. Granted, that is not a long time, but I have met a lot of girls - even around the financial district - and I have not had similar experiences. No doubt these girls exist but I everywhere I have been there has always been plenty of sweet and genuine girls.
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