4 ms·
Above say, 5M does it matter? At that point you don't have to work another day in your life if you don't want to.
by voltagex_ 11y ago
Above say, 5M does it matter? At that point you don't have to work another day in your life if you don't want to.
- CuriouslyC 11y agoIt certainly does. With 5M I would probably play it fairly safe, keep my money in a diversified portfolio weighted towards high dividend stocks and try to live a modest upper-middle/upper class lifestyle, with the exception that I would travel quite a lot. I would probably run a small consulting firm just to stay engaged. With 40M, I would probably have 2-4 teams of people simultaneously working on business projects. That much money lets you take risks, because even if everything goes wrong, as long as you're not retarded you can just liquidate and still have enough left to play out the 5M scenario.
- eps 11y agoIf you read around the threshold is 12-15M, though that doesn't affect the validity of your point.
- dzdt 11y agoYes. For about a decade Carmack funded a significant amateur space rocket effort -- Armadillo Aerospace. That shut down because of lack of money to devote to the project. See http://arstechnica.com/science/2013/08/john-carmacks-8m-pipe-dream-meets-reality-armadillo-aerospace-on-life-support/ http://arstechnica.com/science/2013/08/john-carmacks-8m-pipe... He reached $8 million put in before reaching the decision that was too expensive for a hobby.
- voltagex_ 11y agoGood point, thanks for reminding me about Armadillo.