I Feel Like I Have No Real Interests; My Only Interest Is Making Money

Post by seibelj » Tue, Dec 01, 2020, 2:16 AM UTC

throwaway_goog wrote: post #174

cweagans wrote: post #161

Earlier quoted context omitted.

I think that the amount of money is more of a secondary point here. You're shackled to somebody else's schedule, whims, priorities, etc. until you have the money to not do that anymore. That doesn't necessarily mean 2.5m liquid though. How much would you need to work if you bought a small-ish house, lived on a very strict budget, and generally kept expenditure to a minimum? There are places in the US where you can bu…

So I "retired" at 33 in the sense of having investment income > monthly expenses. Didn't own a house, but could've bought the Mississippi one you link to for cash easily. What'd I actually do? Found a series of startups, none of which went anywhere. Fiddle around with technology, and learn some new technologies. Fret about how I wasn't being productive enough. I didn't read all that much - I read much more when I was…

Post by goldenManatee » Tue, Dec 01, 2020, 3:01 AM UTC

seibelj wrote: post #181

throwaway_goog wrote: post #174

Earlier quoted context omitted.

So I "retired" at 33 in the sense of having investment income > monthly expenses. Didn't own a house, but could've bought the Mississippi one you link to for cash easily. What'd I actually do? Found a series of startups, none of which went anywhere. Fiddle around with technology, and learn some new technologies. Fret about how I wasn't being productive enough. I didn't read all that much - I read much more when I was…

I think you need to start a family! Relationships are what will make you content.

Post by eschaton » Tue, Dec 01, 2020, 3:11 AM UTC

Post by taneq » Tue, Dec 01, 2020, 3:28 AM UTC

mstipetic wrote: post #44

artemonster wrote: post #14

Earlier quoted context omitted.

how is it possible to save 2.5 mil from salary? I am from upper 5% in germany in terms of salary, and I can only manage to save ~10kEur/year, while maintaining decent lifestyle. An order of magnitude lower than you'd need to retire with such a sum after 20 years or so. How do you do that? Genuine question

Germany is not set up to have people get rich from a salary. Everyone has a comfortable life, but it's very hard to get "rich." That's one of the reasons I left Germany

Post by blkknightarms » Tue, Dec 01, 2020, 4:25 AM UTC

pyrrhotech wrote: post #6

I felt like that until I got to around $2.5 million liquid net worth. Now I still like money, but each additional dollar is starting to show diminishing marginal utility. Though of course I'm still trying to grow my net worth, it's no longer the main focus of my life, especially now that I'm "retired" from my main career at least. I split my time between gaming, running, reading, socializing and working on my trading…