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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

#151

Post by pavlov »

I didn’t have DOGE on this bingo card (though Mt Everest certainly was).

It now sounds even more like a hobby club for Silicon Valley ultra-rich who have no interest to learn anything about how government works. Once they finish their beautiful “reinvented from first principles” decks of PDFs and Keynotes, they won’t get a second look from the elected politicians whose support they absolutely need to deliver any of this.

Or, as the meme would say, “men will literally pretend to singlehandedly save America from decades of deficits rather than go to therapy.”

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

#153

Post by jgilias »

brcmthrowaway wrote: post #117
tiffanyh wrote: post #45

The author co-founded Loom [0], which was acquired by Atlassian a year ago ~$1B. If the insights are correct, each cofounder netted ~$56M [1] [0] https://vinay.sh [1] https://www.cbinsights.com/research/loom-valuation-investor-...

60M, enough to start another startup and do it all again

And potentially lose it all and actually regain the purpose, as you now need to grind again!

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

#154

Post by gonzo41 »

This person is focusing too much on themselves. Help other people, actually help them, and you'll feel amazing and find real driving purpose.

However productive or enlightened you make yourself doesn't really matter, you eventually die. Network effects matter, help other people.

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

#155

Post by suzzer99 »

dmvdoug wrote: post #69

I am really, really eager and excited to see the result when these DOGE-istas cook up whatever insanely “rational” schemes they imagine will make government not completely “dysfunctional” roll them out to the people they actually need to implement them (i.e., Congress). Surprise! Politicians only claim to care about budget and spending matters when the opposite party is in control. But I think most of us aren’t so na…

But they're all super duper smart! Surely it can't take more than a month or two to solve govt waste with that kind of brainpower.

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

#156

Post by t55 »

cj wrote: post #73

I 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…

[flagged]

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

#157

Post by thunkingdeep »

I stopped working over twenty years ago and it was the best thing to ever happen to me. I spent thousands of days with my children, paid off my house, we drove brand new cars for the first time ever.

Over time, I’ve just found things to do with my time. I try project Euler problems and I’m pretty interested in meteorology. The rest of the time, I just participate in things my kids are interested in or involved in, though it’s not as easy as when I was young.

Routine is key, and being honestly and wholeheartedly engaged is key. You gotta do the time, don’t let the time do you.

This worked for me anyways.

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

#158

Post by naming_the_user »

As a young(ish) man with retirement level wealth personally I don't understand this primarily I suppose because my main passions in life are not profitable.

Great, so now I don't have to profitmax every single thing and can rely on my investments. That means I can study pottery, languages, learn about cars, guns, travel, spend time with my old mum, family, start a small business, whatever it is, without care for whether it contributes to the bottom line.

It kind of seems to me as if the poster here has some sort of savior complex - like they can't just be well off and enjoy it, they have to somehow change the world. That's not necessarily a bad thing, but at some point why not take time for you and yours?

I do however identify with the "it's not relatable" thing. If you live off of investments then suddenly you are, well, seperate, from people who can't, in a way that you can try to hide but it leaks out, you can't explain away being able to travel wherever whenever you want, etc.

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

#159

Post by relaxing »

ipaddr wrote: post #36
smokedetector1 wrote: post #5

Therapy. Wealth and success is one of the most massive crutches there is. It can make it almost impossible to be truly in touch with your insecurities and pain because its simply too easy to hide in your victory. Your toughest challenge now is to, despite your wealth, find a way to contact the pain that drove you to your hunger for success. As the bible said, it's easier for a camel to get through the head of a needl…

"eye of the needle" refers to a small gate or passage in ancient city walls, used after the main gates were closed at night. A camel could only pass through this narrow opening if it was unloaded of its baggage and possibly crawled through on its knees. Not as hard or impossible as it first appears but still harder.

Jesus literally told his followers to give up their worldly possessions, but… sure. He intended to give a free pass to those who came after, that hinged on a quirk of city planning that would not exist until centuries later.

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

#160

Post by Bloating »

ocius wrote: post #127

Just 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…

"As long as prices are kept in check" Hello?

MMT'ers act like they've discovered some new concept. MMT is not economics; its political spin, propaganda, down playing the harsh realities of economics (not just "late stage capitalism" or whatever the kids call resource constraints nowadays.)

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