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I am rich and have no idea what to do

vinay.sh

391–400 of 1001 posts

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

#391
FFS.

Write Wikipedia articles. Volunteer at a charity. Go and do a PhD in whatever field takes your fancy. Take up auto racing. Learn an instrument. Have children.

The writer is in the incredibly fortunate position of being able to do whatever he damn well pleases, at an age where he is still physically able to do whatever he damn well pleases.

I find it very difficult to sympathise.

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

#392
post #322

Just a thought I’d like to share: the finish line to “Fuck you money” (FUM) isn’t even remotely close to the $60m mark. It’s not even beyond $100,000. Once you have no debts nor a mortgage, and you have $100k in savings, you have FUM, because suddenly you need $25k a year to live well. I say this as a member of this community, who are (generally speaking) relatively well paid folk in IT. If you have a partner in life…

You need healthcare, you need an emergency fund, you need elder care, retirement. College fund for your kids. if you get hit by a freak meteor and become mentally/physically disabled, you're not going to be able to make $25k/yr. For it to be FUM is enough to live off the interest at 4% withdrawal for the rest of your life. At an estimate, it takes between $250k and million dollars to get through a case of cancer. You…

You’re describing insurance. And you’re assuming I said you STOP working, when I did not say or imply that.

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

#393
post #3

Same situation, I truly empathise because it really does seem to take a lot of purpose out of everything. What I’ve found is that you need to replace money/salary/financial success optimisation (assuming you spent a lot of your life and energy to this point focused on these, much like I did) with something else totally unconnected with being measured in that way. For me, I am focused on proving myself as a guitarist…

> I’m doing part time consulting, mainly for people I worked with in the past who have started companies, just to scratch the tech itch How do you pick you hourly rate? If a friend of yours of the past came to you and asked you to consult for him, and your friend offered you say $80 USD per hour, would you find it offensively low? For someone who doesn’t have a lot and wants to hire consultants for their small projec…

I am happy to take whatever they offer (including helping for free) depending on where they are at. I don’t need it really and I’m happy to help. But most people at least that I’ve worked with are happy to do what’s fair. I haven’t ended up in a hostile negotiation or anything close to it.

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

#394
post #3

Same situation, I truly empathise because it really does seem to take a lot of purpose out of everything. What I’ve found is that you need to replace money/salary/financial success optimisation (assuming you spent a lot of your life and energy to this point focused on these, much like I did) with something else totally unconnected with being measured in that way. For me, I am focused on proving myself as a guitarist…

One thing you could do is give me 20k no strings attached so I can stop paying for my parents screw ups from when I was 20 :)) that will make me a lot less resentful towards life's stupid dice.

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

#395
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…

Probably needs to develop a soul first. NPCs don’t actually exist outside of video games, those are real human beings. Not sure what to do with all that wealth? Try asking one of those NPCs… spend a day with each one of them, learn what being human actually is

Calling people NPCs is one of my biggest pet peeves and a dead giveaway that someone is a soulless narcissist. It is dehumanizing in the extreme, the same way Nazis characterized Jews as rats in propaganda. When people say eat the rich… this is who they mean

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

#396
post #3

Same situation, I truly empathise because it really does seem to take a lot of purpose out of everything. What I’ve found is that you need to replace money/salary/financial success optimisation (assuming you spent a lot of your life and energy to this point focused on these, much like I did) with something else totally unconnected with being measured in that way. For me, I am focused on proving myself as a guitarist…

Seems weird that you have to advice people that they should hide their success from people they're befriending. Living a double life like that doesn't seem right to me. It has something to do, perhaps, with the type of people you're surrounding yourself with. If someone can't be friends with you without asking you for money why are you keeping such people around in the first place.

It’s not about living a double life. I don’t secretly blow cash on hookers and blow, I just live a pretty modest normal life and don’t talk about the details of my investments or means. Mainly I don’t have to worry about anything really.

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

#397

There must be something like a "sudden wealth-life crisis", comparable to a midlife crisis. My only advise is to refrain from impulsive decisions in such a situation. But that advise is late here. I hope he has an environment that can ground him. Find productive work, but nothing that puts on too much of a burden (like this ultra-political "DOGE"). Always remember: your wealth is a result of luck and/or decent leader…

>There must be something like a "sudden wealth-life crisis", comparable to a midlife crisis.

I don't think that's the same thing. Unlike a midlife crisis a too-much-money crisis is eminently solvable, just give it all away. Traditionally the entire problem with being cursed with something is that it's really difficult to get rid of. Money? Very easy, I'm taking checks if anyone is plagued by this condition.

Spinoza thought money would disconnect him from the life of the philosopher so he just gave all of his possessions away and went couch hopping. If you're so serious about lacking meaning due to simply having too much money (these founders are not, they just like to brag) a good accountant and charity of your choice can help you out

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

#398
post #3

Same situation, I truly empathise because it really does seem to take a lot of purpose out of everything. What I’ve found is that you need to replace money/salary/financial success optimisation (assuming you spent a lot of your life and energy to this point focused on these, much like I did) with something else totally unconnected with being measured in that way. For me, I am focused on proving myself as a guitarist…

Do you have children? If not, it's a great use of time, especially without financial pressure

I do, and I love being available for them. I have time to teach my kids music and things I know, which is awesome.

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

#399

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 whet…

[flagged]

Find a spouse

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

#400

This now is your moment to improve the lives of other people in scalable cost-efficient ways, in improving the human condition. It may not be obvious how, but it will come to you if you try.

I am pretty sure he thought volunteering for the Department of Government Efficiency was an attempt to do this
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