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I am rich and have no idea what to do

vinay.sh

541–550 of 1001 posts

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

#541
> NPC coworkers

I suppose "the author can go fuck himself" is a frowned-upon response on Hacker News

Like what an incredibly egocentric, condescending, deplorable way to talk about other human beings with their own rich inner lives, desires, needs, relationships, etc.

"No, they're just pre-programmed, unthinking bots following basic algorithms."

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

#542
I'm not rich but after my first exit I went crazy investing in friends' ideas (including over-decorating my tiny SF apartment) and I actually came out a little ahead but I never bothered the failures because I was never expecting a return. It was super fun and I highly recommend it especially if you're rich.

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

#543

Been there, done that. General comments: - Most people who make a lot of money all at once blow it within seven years. Check out what happens to lottery winners, jocks, and rappers. As a rule of thumb, you can safely spend 4% of your net worth per year. Pay yourself some fixed amount each quarter. - You don't have to get into complex investments. Half in some bond funds, half in some diversified stock funds will work…

One did a lot of reasonable little stuff but never did anything with much impact again

This always stymies me. If I were to make it big, I’d want to go on to do other very useful things. But so commonly that doesn’t happen. Is it because they lost the fire? Because they were really lucky exactly once? Or perhaps their talents were suited only to that one thing?

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

#544
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…

He doesn't think his problem is money either, because that would have a trivial and obvious solution that doesn't seem to be under consideration.

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

#545

Not to judge or sound condescending, but it seems like you’re lacking empathy and a community. I know exactly what I’d do in your situation: help others. I live in a small city, and it has some problems and some opportunities. Even lacking funds I still do what I can to help the community around me. Spend some time with people who aren’t all in tech or on the beach and go find some reality. People like elon preaching…

This person is in a completely different class than 99% of HN readers. It is impossible for him to ever relate to others who are not like him because he is not like them, and not like us, the non-millionaire non-entrepeneurs. Unfortunately, this goes both ways, and is probably why I am not rich. Learning to bridge that human gap is far harder than becoming a multi-millionaire or climbing mountains in the Himalayas or working for DOGE for 4 weeks.

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

#546

> I should work for Elon and Vivek at DOGE and help America get off its current crash to defaulting on its own debt I’ve got an idea: take some good economics courses so that you learn how government spending actually works.

don't worry, he's starting with physics and will invent economics from first principles on his own because he's a genius

Shouldn't he start with math for the most valuable results? https://xkcd.com/435/

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

#547
The author knows exactly what he wants to do. He wants to be Elon Musk. Sadly despite his successful exit he is still many orders of magnitude away from that level of wealth and power. I hope he can find satisfaction in lesser causes, otherwise he is going to live an unhappy life.

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

#548
post #469

I 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…

> having wealth is a social responsibility in itself

Warren Buffet has said that every dollar he owns is an IOU that he owes to society - somebody worked hard, produced value, he is in custody of it for the time being, but it has to be paid back by him.

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

#550
I spent my 30s in a VLCOL (very low cost of living) city. I’m now in my 40s and each year my sentimental feelings somehow keep growing. The small things in life: a local art museum, the local YMCA and its pickleball playing seniors, sauna, inline skating around lake paths, road cycling, local coffee roasters, a small upstart Italian restaurant, and of course my young kids. I’m absolutely in love with these things in a way that isn’t directly coming from them or a product or service… it’s coming from within me. Deep satisfaction. Not necessarily happiness. Somehow, these things define me in ways my business never can/could. I’m a participant in my community and it feels SO GOOD. I could optimize for something else … something “out there” but then what?

https://bemorewithless.com/the-story-of-the-mexican-fisherma...

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