Derek Sivers and the Art of Enough

Post by iateanapple » Sun, Aug 02, 2020, 8:03 AM UTC

secstate wrote: post #46

ip26 wrote: post #43

Earlier quoted context omitted.

Different advice for different circumstances. Do you get upset when elite athletes talk about the importance of avoiding overtraining, when they have already become elite?

Apples and oranges my friend. Being elite and overtraining are orthogonal. By definition, overtraining is pushing your body too far too fast. No one can train for a 100 mile race by doing 3 50 mile training runs in a week. That's not how physiology works. Discipline and lots of hard work can help you be elite, but overtraining is never good. Never.

Post by lukego » Sun, Aug 02, 2020, 1:58 PM UTC

lukego wrote: post #51

marcinzm wrote: post #9

Earlier quoted context omitted.

Wikipedia disagrees: >Derek Sivers transferred ownership of his company to a charitable remainder unitrust for music education, and had the trust sell it to Disc Makers. This agreement requires the trust to pay Sivers 5% of the trust's value annually (hypothetically $1,100,000 pretax, based on a sale price of $22 million as reported by Sivers)[4] until death, while upon death the remainder will ultimately go to chari…

He also acquired a second nationality, renounced US citizenship, and moved to a country that doesn't tax foreign sourced passive income. It's the most extreme example I've seen of planning your whole life around tax optimization. Understandable though if you've read his book because he's had big problems with the IRS in the past and probably really wanted to show them his "FU money."