How to get rich without getting lucky (2018) • Hacker News Board

Re: How to get rich without getting lucky (2018)

#191

Post by [deleted] » Wed, Jun 12, 2019, 4:47 PM UTC

spopejoy wrote: post #189

cryptica wrote: post #185

>> Today, I would rather be a poor person in a First World country, than be a rich person in Louis the XIV’s France. This is bullshit and demonstrates a lack of empathy. A poor person today has no spare time at all to enjoy life. Also, the modern medical system in many developed countries is not much better at all than a few centuries ago if you're poor... The only difference is that now the poor person knows ahead o…

Agreed. I'm always surprised when people get away with this kind of blinkered panglossian pap. There is simply no evidence that as a species we're happier, more secure, etc than generations past. Every advance we enjoy seems to come with a trade-off, as evidenced by the new findings about loneliness/alienation, rich-poor inequality, environmental degradation, what have you. Even the elephant graph stuff can only talk…

[deleted]

Re: How to get rich without getting lucky (2018)

#192

Post by ca98am79 » Thu, Jun 13, 2019, 2:30 AM UTC

mrnobody_67 wrote: post #5

Wealth = freedom to do what you want. For some people with minimal lifestyles in low cost areas of the US (or living internationally) that can be $30K. I think the series does a good job covering principles such as leverage (software, capital, labour) which are rarely taught in school. Most financial planners only talk about cutting costs, not making more money, because they don't know how... this is the opposite.

Wealth != freedom to do what you want

Freedom to do what you want is given to you at birth

Re: How to get rich without getting lucky (2018)

#193

Post by firstplacelast » Sat, Jun 15, 2019, 3:52 AM UTC

gowld wrote: post #69

firstplacelast wrote: post #55

Earlier quoted context omitted.

Possibly. The wealthiest person I ever dated (he wasn't super wealthy while we were together just doing well, but I just saw him a month ago and he was excited because he CAN retire now but doesn't want to - he's 38) spent TONS of money doing rich people things in the pursuit of wealth, he stretched his bank account very thin over and over doing this. Going to Sundance, Cannes, Burning Man, TED, etc to network. Spend…

How did he make his money, in the end? A talented software developer can make enough money to retire as comfortable middle class by 38, by getting a job at a FAANG by age 25. The thought of going to Burning Man for millionaire-business networking makes me sick, the quintessence of how Silicon Valley tech bros are murdering human culture.

He raised money for start-ups and was a marketing consultant. Ended up on advisory boards for various start-ups and most recently as a CXO for a prominent start-up (which got tons of traction but ultimately went down in flames). He had his hand in a bunch of different companies and often worked for equity and a small fee.

And as smart as the guy is in many respects (language, social skills, etc), he is a dumb-dumb when it comes to technical anything or analysis of any type of market/business. But holy fuck, that guy can sell anything (most especially himself - was a fascinating person to watch).