One of my greatest regrets is how much time I wasted on 'work' in my 20s and 30s. I was an engineer, I made a comfortable salary, but I rarely took a vacation, I never traveled outside the UI, I took days off reluctantly with a vague feeling that I was letting someone down. "Later", I told myself. When I'm successful, when I'm stable, when I have the money to travel in style and not backpack around and stay at hostel…
Traveling the world is a life goal for shallow people. It is a shallow experience.
How to Work Hard
381–390 of 1001 posts
Re: How to Work Hard
#382Re: How to Work Hard
#383I find the mentions of Messi, Newton, Mozart and Wodehouse bizarre. The essay is similar to Malcolm Gladwell's 10,000 hour theory, whether you agree or not, at worst Gladwell is writing a journalistic think piece. Here though, is Graham credibly putting himself in the same category as Mozart? Dropping a reference to Patrick Collison, who no one outside of tech would have a clue who that is in the same breath as you n…
Re: How to Work Hard
#384Earlier quoted context omitted.
Traveling the world is a life goal for shallow people. It is a shallow experience.
Perhaps you'd like to elaborate? I find the experience enormously enriching: learning new languages, making friends, gaining a new perspective. It's very valuable to me and I'd be curious to understand your position more, because right now it just comes across as sour grapes.
Re: How to Work Hard
#385Regarding the "work hard in your 20s" advice. I took the approach that in your 20s you are still forming, still growing, still malleable. The experiences you have in your 20s will have a disproportionate effect on the kind of person you end up being. Therefore, you have to think about what environment, what experiences you want to foster that growth in. I would suggest optimizing for variety and new experiences is a…
Everyone is different and obviously has different priorities, ambitions, ideas of success, but that time spent not working my ass off has made me a more well-rounded person and I believe has contributed to a different kind of success and confidence now in my 30s.
Re: How to Work Hard
#386Earlier quoted context omitted.
With a $100,000 salary, $50,000 expenses, 30% tax rate, and 5% real returns you could put away $20,000 a year and have a million (2021) dollars in 26 years. Hardly easy but not out of the realm of possibility for a persistent and highly paid software developer.
But that still doesn't fit the paradigm presented by using Gates as an example. That you work really hard in your 20s and you're set for life.
The article is not titled “How to be rich af”. It’s How to do Great Work.
So Gates is the example here because he built a huge company that made software used by almost every human on earth, and because every reader will know who he is.
I guess the author could have used RMS, or John Carmack, or Bill Joy, but that would have excluded people who aren’t into free software or gaming or Unix etc.
Re: How to Work Hard
#387This rhetoric furthered by Elon, Jack Ma and several others where working 7 days a week for 18 hours is "ideal" and that rest and relaxation are had at the expense of productivity/success is a real dangerous position. You know what happens to the majority of people when they get to a state of anxiety when relaxing and not working? Stress and burnout. Let's acknowledge that it may have been the path to success for SOM…
PG also uses himself as an example of how the type of work can impact actual productive hours: about 5 for programming/engineering and almost a full day for coordination and communication.
Re: How to Work Hard
#388Re: How to Work Hard
#389Earlier quoted context omitted.
I think it's common when compared to other industries, though maybe not generally common. Admittedly I have no data to back up this hunch. If I'm wrong, please correct me, but my interpretation of what the person you're replying to was trying to get at was that modest savings from a 23+ year old software engineer, to the tune of $800/month or $10,000/year (this could be 401k match and contributions) will get you pret…
Exactly. The math is easy, but convincing people that becoming a millionaire is a matter of consistent moderate savings is still hard. $800/month is $9.6K per year. Approximately half of the maximum 401K contribution limit, so it can be tax-advantaged as well. If you can swing the full 401K maximum, you’ll hit the millionaire status even faster. Add some taxable savings and it can be done in a decade without getting…
Consistent moderate savings on top tier income, sure.
> $800/month is $9.6K per year. Approximately half of the maximum 401K contribution limit,
Also, approximately 1/3 of national median household disposable income after taxes and transfers (NB: not essential expenses, just taxes and transfers) in the United States.
> A married couple doing this together makes it even more achievable.
Yes, you can become a half-millionaire much faster than a millionaire—brilliant observation.
> Unless someone has maxed out their career options (unlikely) almost everyone in software could get a $10-20K bump in the coming year through negotiation or changing jobs.
“Software” includes a lot of different occupations, but most of the nob-management ones have median compensation around or substantially below $100K; so you are suggesting most people are leaving upward of 10-20% on the table. That's...unlikely.
> It just requires consistency over 20-30 years.
Asserting that that is easy in software would be more convincing if we were more than 20-30 years from a major industry crash, or had some structural guarantee of it not happening again.
Not completely convincing even then, but more convincing...
Re: How to Work Hard
#390One of my greatest regrets is how much time I wasted on 'work' in my 20s and 30s. I was an engineer, I made a comfortable salary, but I rarely took a vacation, I never traveled outside the UI, I took days off reluctantly with a vague feeling that I was letting someone down. "Later", I told myself. When I'm successful, when I'm stable, when I have the money to travel in style and not backpack around and stay at hostel…