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

Post by bavell » Mon, Nov 30, 2020, 2:30 PM UTC

pyrrhotech wrote: post #27

torben-friis wrote: post #20

Earlier quoted context omitted.

I’m curious, in which ways do you feel that money made you happier? As in, what were the important things it has enabled for you that weren't available under, say, an average engineer's salary?

Not the material aspect of what it can buy - but the freedom to not have to work is where the big boost of happiness came from for me, though I cannot guarantee it would for you if you truly love your career. For me, programming was always just a tool, a job, a means to an end. Sure it's kind of interesting, but there's far more interesting ways to spend my time. Also, I hate bosses, performance reviews, bullshit non…

Post by ghaff » Mon, Nov 30, 2020, 2:32 PM UTC

pyrrhotech wrote: post #27

torben-friis wrote: post #20

Earlier quoted context omitted.

I’m curious, in which ways do you feel that money made you happier? As in, what were the important things it has enabled for you that weren't available under, say, an average engineer's salary?

Not the material aspect of what it can buy - but the freedom to not have to work is where the big boost of happiness came from for me, though I cannot guarantee it would for you if you truly love your career. For me, programming was always just a tool, a job, a means to an end. Sure it's kind of interesting, but there's far more interesting ways to spend my time. Also, I hate bosses, performance reviews, bullshit non…

Post by goldenchrome » Mon, Nov 30, 2020, 2:33 PM UTC

artemonster wrote: post #14

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…

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

Post by pietrovismara » Mon, Nov 30, 2020, 2:34 PM UTC

lukas099 wrote: post #46

pastacacioepepe wrote: post #41

Earlier quoted context omitted.

So are you saying that since the big majority of people in the world will never get to your kind of net worth (2 mil++) they will never have real freedom? Glad that we agree, that's what I believe too and that's why I strongly hate capitalism. You aren't free at all unless you have enough capital to stop being forced to take any job offer just to survive.

You don't have to have that high of a net worth if your spending is lower. You only need to save 25x your annual spending to retire. If you only spend $30,000/year, you only need $750,000 to retire.

Post by jimbokun » Mon, Nov 30, 2020, 2:36 PM UTC

silly-silly wrote: post #50

jimbokun wrote: post #31

Earlier quoted context omitted.

> you can't be rich in any traditional sense of the word, without someone else being relatively less well off. I was with you up until here. The total amount of wealth in the world is constantly growing, and you can positively influence it's creation, by introducing new efficiencies or new goods and services that didn't exist before. In many ways, the wealth of the average person living today is much greater than kin…

>In many ways, the wealth of the average person living today >is much greater than kings and emperors living centuries >ago. I dunno man, I'm average and can't afford N wives, have someone do my dishes, clothes, own and tend thousands of hectares of land for me, father 12 children. Maybe i'm reading about different kings than you do.