A Few Laws of Getting Rich • Hacker News Board

Re: A Few Laws of Getting Rich

#51

Post by teucris » Mon, Oct 23, 2023, 3:33 PM UTC

nostrademons wrote: post #33

saurik wrote: post #28

Earlier quoted context omitted.

There are many goals you can set and achieve that require effort but don't relate to needing to work to make money. Maybe I'm somehow crazy on a forum of tech "entrepreneurs"... but, I like to do stuff like learn to sing and play the guitar, speak new languages, get better at drawing and painting, or plunge ever deeper into the worlds of math and physics... all of which seems eminently compatible with this "power pro…

Many of those don't need anywhere close to "never need to work again" money, only "2-3 years savings, or a willingness to half-ass your job". You just need the courage to make it a priority. It's entirely possible to do most of those as a hobby. If you do need to go full-time on it, you can usually accomplish a lot in 2-3 years, and then jump back into the workforce when you get bored with your hobbies.

> You just need the courage to make it a priority.

And money. Living modestly and pursue hobbies is much, much harder to accomplish financially than it seems for most people. I don’t want to make this a conversation about healthcare, but that’s a huge part.

Re: A Few Laws of Getting Rich

#52

Post by teucris » Mon, Oct 23, 2023, 3:34 PM UTC

danaris wrote: post #49

breadwinner wrote: post #25

Earlier quoted context omitted.

> reaching the point where you never need to work again? You don't want to reach that point. You want to stay below that point, because what brings satisfaction and happiness in life is something called the "power process". The Unabomber explained it well [1]. The Unabomber unfortunately used bad methods to spread his ideas, but the ideas themselves were good. [1] https://medium.com/chris-messina/surrogate-activities…

"Never need to work again" != "Never work again" There are dozens of reasons to want to have enough money that, no matter what happens , you know you won't end up homeless and destitute. And unfortunately, in America today, that's a lot of money, due to our for-profit healthcare system making medical emergencies sometimes cost millions of dollars. If I were handed enough money tomorrow that it would guarantee I and m…

Thank you, I had chosen those words carefully for this very reason.

Re: A Few Laws of Getting Rich

#53

Post by rickydroll » Mon, Oct 23, 2023, 3:59 PM UTC

teucris wrote: post #5

Ugh. All these articles conflate the idea of “getting rich” with the kind of wealth that most people don’t know what to do with, eg billions of dollars. What about just reaching the point where you never need to work again? Can we talk about how that’s a reasonable goal for people to push for rather than accumulating the net worth of a small country?

I believe I would stop working for money but work for me. examples, helping people rewild their yards, start a vista reclamation project for a few mountain tops that are overgrown with trees, start a B-corp for electrifying low income housing and developing appliances for same. build virtual power plants by distributing batteries in neighborhoods and building microgrids.

Re: A Few Laws of Getting Rich

#54

Post by sprior » Mon, Oct 23, 2023, 6:55 PM UTC

In point 1 where Will Smith is quoted reminded me of about the year after I graduated college. I wasn't anywhere close to rich, but I had just achieved every goal I had set for myself: I got hired by the company I was hoping for, was living in a reasonably nice place and was in a relationship with my future (ex) wife.

I was in a good place, but also slightly lost while I figured out my next set of goals.

Re: A Few Laws of Getting Rich

#55

Post by galaxyLogic » Tue, Oct 24, 2023, 3:33 AM UTC

soupfordummies wrote: post #50

galaxyLogic wrote: post #10

Earlier quoted context omitted.

Most billionaires still work I think. I personally believe that true contentment in life is if you can do something meaningful to help others. The human connection is such a basic thing in life. We want love, not just sex. You might think that getting lots of money would make other people like you more but I think that is the opposite. Billionaires really aren't that "likable" are they?

They may work but they don't HAVE to

And they can choose what they want to work on. They can even afford to give some money to charity. They are lucky.