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Almost-Billionaires (2014)

lackingambition.com

21–30 of 67 posts

Re: Almost-Billionaires (2014)

#21
post #6

About losing all motivation after financial independence, I've experienced it for myself. I'm not rich but I know how to live simply. What do I do with my time? I spend so many hours consuming random content on the internet nowadays. I feel kind of bad for the girlfriend, who has to listen to me regurgitate the content back to her. People looking in from the outside scratch their heads. Don't I have hobbies? Passions…

Has financial independence been worth it?

Re: Almost-Billionaires (2014)

#22

I had a dream once that I was hired by a rich man. I was given the freedom to hire the smartest people I could find and take on something challenging. It paid only room and board for me and my family, plus a small equity share in whatever we created. I would give anything for that dream to be a reality. Please, if you’re reading this and you’re a millionaire, have some fun making someone else’s dreams come true?

Being a professor at a research institution is not too far from what you describe. You need to persuade the rich man that you are worth funding (i.e. grants) but with that you can hire the smartest people you can find to take on something challenging, get paid a modest but decent salary, and have a small equity share in whatever you create.

Re: Almost-Billionaires (2014)

#23
> The death of George Floyd, the national reckoning over systemic racism and inequality, and the death of iconic U.S. Supreme Court Justice Ruth Bader Ginsburg all focused attention on the rule of law

Highly doubt this caused the increase. There was a survey where only about 5% of non-elites (regular people) actually rate these issues as important.

Re: Almost-Billionaires (2014)

#25

I can relate to this a lot. I am quite blessed to be multi talented and able to do various things easily. It gets to the point that I have too many hobbies and interests. But I think none of those hobbies can make me singularly focused. I become jack of all trades. I am a software engineer by trade, doing regular web app business line applications. Work in FAANG salary. On the side I play music on weekend (acoustic g…

It seems you didn’t study CS. If you did, then we studied different courses :P

- Compilers

- Game Engines

- Gnarly multithreaded problems

- Using IDA Pro to analyze X86-64 binaries

- Computer systems and networks (e.g. NAND2Tetris)

- Creating your own kernel

- Creating your own database

- Replicating meltdown and spectre. Repkicaring rowhammer attacks

- Web attacks (check out hackthebox.eu)

I did almost all of these during my CS bachelor and master. Other than that, a friend of mine learned a ton at an internship working on LLVM (a few years ago). He now works on low level stuff in the HFT space. So you might want to look there (the game dev space has overlapping problems with the HFT space but for a much lower salary).

Currently I am doing leetcode because I’d love to earn a FAANG salary (HFT is not for me). Leetcode feels most reminiscent to graph theory.

Re: Almost-Billionaires (2014)

#26
post #15

I had a dream once that I was hired by a rich man. I was given the freedom to hire the smartest people I could find and take on something challenging. It paid only room and board for me and my family, plus a small equity share in whatever we created. I would give anything for that dream to be a reality. Please, if you’re reading this and you’re a millionaire, have some fun making someone else’s dreams come true?

What do you want to build?

[deleted]

Re: Almost-Billionaires (2014)

#27
For a long time, my plan was to "get rich" and then use my money to work full time on specific interesting tech ideas of mine. The tradeoff of time spent "getting rich", even if it took a decade, was worth it because of the free time I would have afterwards. With this in mind, I tried building various startup ideas and joining startups that could blow up big. Nothing really worked out, and I realized just how difficult it is to get rich in that way. In the mean time, I was trading what I really wanted to be doing for these failed attempts at things I didn't want to do, and meanwhile the years were ticking away.

It took me a long time to realize that the gamble isn't worth it to me. If my end goal is to be working on the interesting tech ideas full time, I need to make it happen regardless of my financial situation. So that's where I'm at now: consistently taking 1 step every night and weekend. It's much slower than my ideal hypothetical world of riches, but it is more fulfilling because it is real. I'm making actual progress now, as opposed to maybe-future progress.

Re: Almost-Billionaires (2014)

#28

> The death of George Floyd, the national reckoning over systemic racism and inequality, and the death of iconic U.S. Supreme Court Justice Ruth Bader Ginsburg all focused attention on the rule of law Highly doubt this caused the increase. There was a survey where only about 5% of non-elites (regular people) actually rate these issues as important.

I think you posted this in the wrong thread. This one is about almost-billionaires; the quote above is from an article about lawyers (who would be so lucky to be described in this way!).

Re: Almost-Billionaires (2014)

#29
post #27

For a long time, my plan was to "get rich" and then use my money to work full time on specific interesting tech ideas of mine. The tradeoff of time spent "getting rich", even if it took a decade, was worth it because of the free time I would have afterwards. With this in mind, I tried building various startup ideas and joining startups that could blow up big. Nothing really worked out, and I realized just how difficu…

I can really resonate with you, having the same thought process on working and dedicating time to own problems in tech after achieving financial independence,but not sure how it is going to go. Day job makes me tired and not sure how motivated i will be after achieving certain amount of money targeted to solve problems what i want.

Re: Almost-Billionaires (2014)

#30

Earlier quoted context omitted.

It would be very interesting to hear you elaborate on this, as from the outside it really does look pretty easy.

I'm pretty partial to this vignette by Bryan Caplan[1] about how many headaches and road bumps there are, for even the smallest, simplest business you can think of. " Back in February, I got the idea to create a COVID vaccination t-shirt (now on sale!). Reflecting on my past experience, I figured it would be easy... My thinking: The whole process would be pretty fun, so I’d only need to sell a few dozen shirts to cov…

Also, a successful business tends to immediately create jobs (at least part time, if not full employees) to help it grow. People who denigrate business and the art of making profit - which truly is the art of fulfilling the wants of others - are so truly, intensely naive.
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