Is getting rich worth it?
quora.com
Is getting rich worth it?
1–10 of 145 posts
Re: Is getting rich worth it?
#2"The hedonic treadmill, also known as hedonic adaptation, is the supposed tendency of humans to quickly return to a relatively stable level of happiness despite major positive or negative events or life changes.[1] According to this theory, as a person makes more money, expectations and desires rise in tandem, which results in no permanent gain in happiness. Brickman and Campbell coined the term in their essay "Hedonic Relativism and Planning the Good Society" (1971).[2] During the late 1990s, the concept was modified by Michael Eysenck, a British psychologist, to become the current "hedonic treadmill theory" which compares the pursuit of happiness to a person on a treadmill, who has to keep working just to stay in the same place."
Re: Is getting rich worth it?
#3Re: Is getting rich worth it?
#4This is a common mistake, esp among the newly wealthy who are young: The last thing you want is for anyone to know that you are wealthy.
There are many ways to make sure people stay ignorant of your wealth. For the people (and dates) that don't know your wealth, then you sure as hell don't educate them by words or bling. For people that know you had an exit, they never saw the documents and don't know what your number was. And if they probe, then "the investors got most of it, and uncle sam took half of the rest. At least I made a profit."
And the truth is: Yes, having the money is nicer than not having it, but it really doesn't make your life worth living or give it meaning. That requires a great deal more effort.
Edit: I think Prawks should be top HN comment. http://news.ycombinator.com/item?id=5182922
Re: Is getting rich worth it?
#5http://en.wikipedia.org/wiki/Hedonic_treadmill "The hedonic treadmill, also known as hedonic adaptation, is the supposed tendency of humans to quickly return to a relatively stable level of happiness despite major positive or negative events or life changes.[1] According to this theory, as a person makes more money, expectations and desires rise in tandem, which results in no permanent gain in happiness. Brickman and…
http://www.hedweb.com/hedab.htm
Re: Is getting rich worth it?
#6Also, just because you get "rich" doesn't mean anyone else has to know that. It just means you no longer have to worry about money income problems. Please do not underestimate that, as that is HUGE.
Re: Is getting rich worth it?
#7Re: Is getting rich worth it?
#8But I don't want to do it because I want stuff. I don't want a Audi, or a Maserati, or a fancy home, or the newest gadget.
I have a objective, a plan, for me, and for future generations, and I know how much it will cost, and doing it will require me to be rich.
And I know how much problems it will attract, how much relationships it will wreck, and how much danger it will bring to my life.
But I don't want to get rich for pure hedonism, far form that, it is because of my beliefs, I believe some stuff need to be done, and I concluded that few people will do it, meaning that I will have to do it, since I have to do it, I will figure a way to get rich, and do it.
To me, it will be worth, because it will be having the means of pursuing what I believe, but it will also be a sacrifice, it will be the opposite of a life that I had for a long time, it will be the opposite of being laid back, almost lazy, work only for pleasure, and live a peaceful life. It will mean politics, hardwork, backstabbing...
But I believe I have a duty to do, and I must do it, and I will venture doing that, and when I get rich, I know I will have to fight very hard to use the money for what I planned, instead of wasting it all in pleasurable stuff.
Re: Is getting rich worth it?
#9The original post on Quora: http://www.quora.com/Wealth/Is-getting-rich-worth-it
Many many worthy comments in that thread.
Edit: To crusso's point, I didn't realize it requires a login. I guess I finally broke down and got one over there a while ago.
Re: Is getting rich worth it?
#10I remember having to make sure we only spent a certain amount on food and clothes and now i dont even need to consider such a thing. Day to day life is better by a country mile knowing i have enough money to pay for general life expenses. I still cant go out an buy a car without thinking about it, but i could buy a TV without thinking about it.
Once you have that level of complacency you start aspiring to other things and its difficult to maintain a level. I like good food and once went to the best restaurant in my city i spent £250 for a meal for 2 and i didnt care about the money, i could do that once every few weeks, but i wouldnt do it more than once/twice every year, because i know it would bring my level of expectancy higher.
I think its important you keep yourself comfortable, but dont allow yourself to get used to the finer things you love, because then you wont love them any more and you'll expect them and they wont be special any more.