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I might be misinterpreting your comment, and if that's so, my apologies, but that would seem to assume that they're dipping into savings to pay month to month e
by colinplamondon 19y ago
I might be misinterpreting your comment, and if that's so, my apologies, but that would seem to assume that they're dipping into savings to pay month to month expenses and will be buying houses on top of it. Which is completely possible, I don't know any of these guys, so that's one way to look at the situation.
But, the other way to look at it is that they suddenly have a million dollars (per the article) accruing interest every year as their salaries at Live Current (now I'm making assumptions :) ) cover basic expenses and then some, leaving a security blanket that lets them do most anything they want in the future without worrying about the financial hit.
They can travel off to Africa and spend three years learning Swahili, then surf and learn guitar on a Brasilian beach.
They can build up Live Current per the plan and shape the company.
They can start a new company and bootstrap it, no investors, no worries.
They can do small-scale angel funding, even.
Or not.
But they have options.
And, those options were gathered over the course of a year, putting them in a position that 90% of retirees can only dream of- financial independence. That is huge leverage, and that is huge success.
Also, keep in mind that those are prices in two very expensive places- they could just as easily move to a country where the exchange rate is more favorable and increase their relative savings by a goodly amount.
So, yeah, they didn't cash out for a billion- but they now have a million dollars at 17 and 19. Because of that, they're completely financially independent, and, thus, free- forever, barring any catastrophic financial meltdowns.
So congratulations to them- I can't wait to see what they have coming down the pipe.