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I am rich and have no idea what to do
531–540 of 1001 posts
Re: I am rich and have no idea what to do
#532I'll take the money. I've got a bajillion things I want to work on and not enough time because I have to spend 40 hours a week at my day job. Give me enough money to live on passive income, and I will just work on self-directed interesting things.
I mean I will also probably spend about the first three months just catching up on video games, but after that I have a couple of mpd plugins I've been meaning to write, and that's just for starters.
Re: I am rich and have no idea what to do
#533[deleted]
Re: I am rich and have no idea what to do
#534Probably not gonna get upvoted but I’m pretty surprised none of the the top comments mentions volunteering or philanthropy. I believe people who get lucky should land a hand in making the world a better place. We are facing huge crises (climate change to name one) and as a wealthy individual you have both the time to spend helping to fix that and the fortune to donate. Being a smart wealthy individual just makes ever…
Absolutely.
I recently read "The Life You Can Save" by Peter Singer, and it really does a great job of making the case for generosity even amongst middle class 1st world individuals.
ebook/audiobook are free from their website: https://www.thelifeyoucansave.org.au/the-book/
Re: I am rich and have no idea what to do
#535If you're feeling too rich you don't need to cure it by donating all your money etc. Simply buy a jet and make fancy friends. Soon you wont be rich anymore, your existential dilemma will vanish and you can get back to working.
Re: I am rich and have no idea what to do
#536I think that a lot of people with money need to be reminded that having wealth is a social responsibility in itself. If you can live just from passive income maybe you should just gift interesting people the excess money and have them accomplish their goals. Talk to a bunch of people and realize what you want to support. If some of them need 10k to start a business just give it to them. Or, if you want some equity, p…
To me, the above paragraph reads like: "Having wealth makes you responsible to others, therefore you should do arson." If you manage to help make a powerful machine and then convert some piece of it into liquid value, you are probably good at stuff and whatever responsibility you have to others includes using that alongside the liquid value. And worse, it's not just on you to do what people say they want. You're also…
> If you manage to help make a powerful machine and then convert some piece of it into liquid value, you are probably good at stuff
Not at all. Nobody is "good at stuff" in general. People have particular areas of competence at best. Disasters arise when someone who has achieved success off the back of one particular skill set assumes they have general competence at everything and then makes leadership decisions from a position of blind arrogance.
If you manage to help make a powerful machine, you are probably a good machinist. This does not mean you should become a CEO or a venture capitalist or some other sort of "value decider." Your skill is in making powerful machines. If you want to move into a new field, you have to do so as a beginner.
Re: I am rich and have no idea what to do
#537I don’t believe in giving advice, I don’t assume to know what’s best for you. I’m not rich and have had a mediocre developer career but I have found contentment and fulfillment in personal development. I have learned to be an unconditionally kind and loving person to everyone, even the most difficult of people, and to me this is a forever challenging and fulfilling role to play that also provides me a sense of identity. I value developing relationships with humans. I like hearing their stories and getting to know them and learning to be mutually vulnerable in loving, kind ways. I think all we really have is each other, and I think a lot of people would find this to be a really fulfilling way to live their lives.
Re: I am rich and have no idea what to do
#538This is the most childish thing I’ve read. And shows a lot about he doesn’t have any people relying on him or community to support. He takes one hike and throws away 60m. Doesn’t try to find anything interesting to do at Atlassian just calls his coworkers NPCs. This is zero-empathy Peter Pan syndrome at its worse. Sad how he just goes adventure hopping to try and find meaning. The problem is no matter where you are y…
As a founder, the people relying on him would have been the employees at Loom. But now that’s done. Far from the first story about a founder feeling unmoored after a buyout.
Re: I am rich and have no idea what to do
#539Recent research from Killingsworth and Kahenman in 2023 [1] highlights that those most already happy have their happiness accelerated by money, while those most unhappy have their happiness plateau. This makes some intuitive sense to me. Money provides freedom, but freedom is not happiness. It's freedom to explore, which is quite scary in and of itself. But if your mindset is proper, your creativity and appetite for…
This also makes intuitive sense to me, and the old theory some decades back that extrinsic happiness tops out at $150k or so sounded silly to me.
There are so many reasons for someone to be miserable, and money is just one of them, and many can't be easily ridden by money.
Re: I am rich and have no idea what to do
#540Of course it’s therapy. He should find a good non-rich CBT therapist (just for the sake of not falling prey of rich-man-wive’s leeches type) and start asking questions on why he’s not at ease with the success. Something sabotages it, and that something may be some a random (now obsolete) belief/mode he picked growing up. Uproot obsolete beliefs, these are drivers, not goals. This is absolutely manageable, especially with so much time on your hands and relatively limitless possibilities.
I don’t think that community/society advices itt are on point, because the author doesn’t express particular interest in socio things. Giving something up to feel good is not a bad thing, but it’s not a complete-able thing either. It’s still symptomatic despite being generally positive.