71–80 of 152 posts
The answer is always classes, folks. Because once you become a millionaire for the first time, you leave the middle class and realize that you are actually quite poor amongst the millionaire class , so you have to keep working to climb through the ranks of millionaires. It's a recursive algorithm, you see.
We have a real societal disconnect and it's clear that we don't communicate enough with our elder generations. While some people are content to retire and stay home in bed, not having something meaningful to do every day makes quite a lot of people absolutely miserable.
But that's not the option open to the uber-rich. Look at Tom from MySpace. He took a ton of money and is on a permanent vacation. He certainly seems to have a more enjoyable life than Zuckerberg. Although I guess he cannot afford the biggest yachts in the world.
There is no universal metric for enjoying life. Some people just like playing the game. My 99 year old grandpa was still managing his farm’s yields before he died even though he had no need to because why not. He actually bought it after he “retired”.
The answer is always classes, folks. Because once you become a millionaire for the first time, you leave the middle class and realize that you are actually quite poor amongst the millionaire class , so you have to keep working to climb through the ranks of millionaires. It's a recursive algorithm, you see.
I am not going to say there isn't some aspect to that but once you get $5,000,000-$10,000,000 in the bank the interest alone will dwarf almost any salary. So you could kick back and let compounding interest do the trick. In my social circle I know of 3 people in that bracket and all of them are working. It isn't so much for the money they like being mentally and socially engaged while working on problems that interes…
If you have enemies in life, consider encouraging them to get really into horses because imo it's the fastest way to drain their time and assets with little return.
and being rich their risk of failure is immaterial. if expectations ever exceed their desire they could stop, so they can negotiate & put in as much or little real effort as they please.
amsuingly from a serendipity perrspective, our made-it founder-ceo raised this question out of no where in his opener talk, pretty recently at a mid year all hands. i dont really remember the response he offered? i like it, seems like probably about 60% covers what he said.
Earlier quoted context omitted.
But that's not the option open to the uber-rich. Look at Tom from MySpace. He took a ton of money and is on a permanent vacation. He certainly seems to have a more enjoyable life than Zuckerberg. Although I guess he cannot afford the biggest yachts in the world.
> He certainly seems to have a more enjoyable life than Zuckerberg. heh, Tom's life (according to https://www.hellomagazine.com/travel/2020111645793/tom-myspa... ) would have myself commit seppuku in three weeks. I can barely stand five days of "do nothing productive" vacations. Would definitely choose "testify in front of congress" instead.
But, more importantly, I think most people who despise "do nothing productive" vacations are worried about falling behind. If you've already opted into permanent falling behind I wonder how that changes things.
I find that rich people, like the millionaires and billionaires, are driven people and driven not necessarily only by money. Extreme financial success is but a side effect of whatever is driving them whether it be building a huge company or a revolutionizing and industry. And if getting rich is not the end game whether entirely or partially then the work is never done. They are still on a mission and there are more c…
We had a talk once from a man who had sold his company at around 23 years old for several million, a lot to a young man. He said he thought he would live the dream, travel the world, go and do whatever he wanted, waking up at 10am every day and having a cooked breakfast! Then he realised how boring and lonely it was. His friends were all at work while he was "free" and most people don't want to sit by themself at a b…
I find that rich people, like the millionaires and billionaires, are driven people and driven not necessarily only by money. Extreme financial success is but a side effect of whatever is driving them whether it be building a huge company or a revolutionizing and industry. And if getting rich is not the end game whether entirely or partially then the work is never done. They are still on a mission and there are more c…
We had a talk once from a man who had sold his company at around 23 years old for several million, a lot to a young man. He said he thought he would live the dream, travel the world, go and do whatever he wanted, waking up at 10am every day and having a cooked breakfast! Then he realised how boring and lonely it was. His friends were all at work while he was "free" and most people don't want to sit by themself at a b…
The idea of a single guy in his mid-20s being unable to find meaning in his life seems pretty normal. I'm not saying getting married or having kids mean you're winning at life or are the only ways to have meaning, but as a married person in his 30s, I'll gladly take a few million and retirement to go on adventures with my wife for the rest of my life when I'm not just enjoying my hobbies or visiting loved ones.
TL;dr- Different strokes. I would have gleefully retired at 18 given the chance.