3 ms·

See, the biggest part of my happiness comes from the independence of doing what I want to do, without having to sacrifice the things I'd like my family to have.

by rajat 17y ago

See, the biggest part of my happiness comes from the independence of doing what I want to do, without having to sacrifice the things I'd like my family to have. I can do a startup any time I want; I don't have to worry about my job. You don't get that, along with a family, on 30K or 40K or even a 100K unless you've saved for a long time. The real problem is that people don't know what'll make them happy. Things that money buy don't make you happy? That's bullshit. Yes, there are very important things in life that money can't buy, but there are quite a few things that money buys that does get you happiness. For me, money has bought me independence of action that has made me very, very happy. So people don't know what will make them happy, and the researchers are asking the wrong question and reaching the wrong conclusion. What keeps people from getting happy is that they think an extra 400 square feet of home, when they've already got 2500 square feet will make them happy; or that a car with 300 hp will make them twice as happy as a car with 150 hp. And then the researchers are coming along and saying hey look, these people have more money but they ain't happy, so money doesn't make you happy. No, all it says is that buying the wrong things with money is not going to make you happier. Don't tell me that those billionaires that spent those millions of dollars with the Russians to go out into space weren't made deliriously happy with what their money bought them. They just knew what to buy to make them happy.

_delirium 17y ago
I agree freedom of action is a good feature of money, though it's really more like a freedom-from-need-to-make-money-to-survive, a kind of defensive benefit of money as opposed to something actually positive about money. I don't think you need to make a ton of money for that if you have a frugal lifestyle, though. I have enough savings to sustain my current lifestyle for years if I quit grad school tomorrow and never got a job, and I've never made >$40k in my life. But when I was making around $40k (thanks to a nice combination of fellowships), I saved almost half of it each year, and that plus some investments adds up quickly. I guess I could've spent more instead of saving it, but I honestly have no idea what I would've spent it on; I wasn't exactly living a deprived life just to save money. Admittedly, I expect it'd take more than $20k/year to live comfortably if I had a family!
- rajat 17y ago
  No, it's more than just not needing the things. For example, I'm involved with a startup right now and the founders needed a decent amount for ongoing expenses until VC and angel funding can be arranged. Well, I can provide that money very quickly (for stock that I hope will be worth a lot more at some point) since I'm very involved and a lot of due diligence is not required. My first startup was self-funded with several other founders; that meant coming up with a pretty sizeable amount of money up front to get the company started (there were hardware components involved), and then go for a long period of time with absolutely no income. Independence to take action means also being able to afford to take that action; not just that you can learn to avoid expenses.
  - _delirium 17y ago
    Yeah, I could see that. I guess the world I live in---my own situation, and those people I know---just doesn't involve lots of money ever being needed to take action. It's nice to have some cushion, so e.g. I can fly to Boston tomorrow if it turns out to be needed for some reason, and can pay my rent for a year or two if I decide to suddenly take off, but I just don't have any situation where I could see needing $500k or something in order to take action. I know plenty of people doing startups, and I could even throw $10k their way if it'd help out (I've offered), but they just don't need it. The web side of things is so capital-free these days that they have no trouble self-funding, and what money they do need is easy to get from a few consulting gigs here or there (web-dev stuff seems to pay insane hourly rates). I can imagine things I would do if I had infinite money, but they're more pie-in-the-sky "establish a fund for [x]" sort of philanthropy things. In my normal life, I just don't run across action I really want to take that is money-constrained.

by rajat 17y ago

_delirium 17y ago

I agree freedom of action is a good feature of money, though it's really more like a freedom-from-need-to-make-money-to-survive, a kind of defensive benefit of money as opposed to something actually positive about money. I don't think you need to make a ton of money for that if you have a frugal lifestyle, though. I have enough savings to sustain my current lifestyle for years if I quit grad school tomorrow and never got a job, and I've never made >$40k in my life. But when I was making around $40k (thanks to a nice combination of fellowships), I saved almost half of it each year, and that plus some investments adds up quickly. I guess I could've spent more instead of saving it, but I honestly have no idea what I would've spent it on; I wasn't exactly living a deprived life just to save money. Admittedly, I expect it'd take more than $20k/year to live comfortably if I had a family!

rajat 17y ago
No, it's more than just not needing the things. For example, I'm involved with a startup right now and the founders needed a decent amount for ongoing expenses until VC and angel funding can be arranged. Well, I can provide that money very quickly (for stock that I hope will be worth a lot more at some point) since I'm very involved and a lot of due diligence is not required. My first startup was self-funded with several other founders; that meant coming up with a pretty sizeable amount of money up front to get the company started (there were hardware components involved), and then go for a long period of time with absolutely no income. Independence to take action means also being able to afford to take that action; not just that you can learn to avoid expenses.
- _delirium 17y ago
  Yeah, I could see that. I guess the world I live in---my own situation, and those people I know---just doesn't involve lots of money ever being needed to take action. It's nice to have some cushion, so e.g. I can fly to Boston tomorrow if it turns out to be needed for some reason, and can pay my rent for a year or two if I decide to suddenly take off, but I just don't have any situation where I could see needing $500k or something in order to take action. I know plenty of people doing startups, and I could even throw $10k their way if it'd help out (I've offered), but they just don't need it. The web side of things is so capital-free these days that they have no trouble self-funding, and what money they do need is easy to get from a few consulting gigs here or there (web-dev stuff seems to pay insane hourly rates). I can imagine things I would do if I had infinite money, but they're more pie-in-the-sky "establish a fund for [x]" sort of philanthropy things. In my normal life, I just don't run across action I really want to take that is money-constrained.