81–89 of 89 posts
It's funny how many people are still offended by others discovering entrepreneurship. even on hackernews. Anybody an idea why?
That's what I'm thinking, anyway.
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What, hoarding profits is the right thing to do? If everyone acted like that there wouldn't be an economy.
Once you made your first million, you become an Angel investor of course, hacking the startup ecosysstem. :) But you don't spend on cars or shit like that's just baggage. For every new item you own, you have to think of it, you have to worry about insurance, maintenance, cleaning cringe
Earlier quoted context omitted.
What, hoarding profits is the right thing to do? If everyone acted like that there wouldn't be an economy.
Once you made your first million, you become an Angel investor of course, hacking the startup ecosysstem. :) But you don't spend on cars or shit like that's just baggage. For every new item you own, you have to think of it, you have to worry about insurance, maintenance, cleaning cringe
Earlier quoted context omitted.
I think it's a matter of comfort. Some people can live life flying by the seat of their pants. In my opinion, those types of people are comfortable with moving fast, breaking and fixing things, and trying new adventures. They can look back at their lives and tell their grand kids how they'd lived to the fullest. But, on the other side of the spectrum. We have people who feel comfortable living very conservative lives…
Not spending money does not equal living a very conservative life at all. I spend $1000 per month and live luxuriously in an emerging market. I save up $5000 per month and do more free fun stuff than most people I know. I am self-employed and move to a new country every few months. My daily life is an adventure in itself. Some of the best 'entertainment' you can experience in life does not have to cost a lot. It's no…
"You can enjoy your life right now. You just need to spend less money on shit that you don’t need."
That suggests that those who follow a more conventional route are in some way stumbling along dissatisfied with life and trying to fill the gaping void with gaudy trinkets and baubles only to find that it's not working.
Maybe it's just me but I enjoy the holidays, I enjoy working every day with smart people, I enjoy my family, I enjoy the security of owning my own home and so on.
There's definitely something in what he's doing - prioritising what's important to him and making that his goal rather than what might be more conventionally expect of him - but, there's something in the tone that, for me at least, doesn't make this point as well as it might.
I'm seeing a trend in the comments here and would just like to add my experience. It is quite similar to the author in that I worked fulltime for a year plus 3 months contracting for the same company. I consider myself extremely fortunate to have had good health, no family obligations, and low student loan debt (payed off in within a few months of graduating). With that in mind, I can honestly say that there was a to…
I understand that people can be into nice and expensive cars , but that's gotta be one of the most expensive hobbies out there.
Someone gave me this financial advice once: "Keep your lifestyle 3 to 5 years behind your growing income." I followed it and have had a similar experience. Since my first job, I went and got an MBA, paid off the student loan, bought a house and at 31, I still have enough savings to last me 3-4 years at my family's current lifestyle. Frugality is powerful.
"bought" a house or taken a loan?
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that line being the definition of frugality
Is it ? I would say it's just common sense. Frugrality would be spending basically no money on things you don't need.