3 ms·

Making a throwaway for this. My annual pre-tax income from work is about $2,500,000. My annual passive pre-tax income is about $1,200,000. This is 100% derive

Making a throwaway for this. My annual pre-tax income from work is about $2,500,000. My annual passive pre-tax income is about $1,200,000. This is 100% derived from investment returns from an exit I had a few years ago from a startup I was with. I spend about $400,000/year (after tax) of that. Here's the kicker: Nothing makes you feel more poor than being worth about $40m in cash while you hang out with billionaires and live in NYC or SF.

umanwizard 9y ago
Well I can't relate to your kicker at all. I'm worth 200k and my income is 300k pre-tax. I live in NYC on that salary and feel fabulously rich.
mrskitch 9y ago
So now that you've got a throwaway, and have purged the most sensitive of data, what market are you in and what's the product? You should really interview at indiehackers or something similar as there's an entire community trying to do similar. Finally: you need to hang out with different folks and get your perspective changed :)
lazerpants 9y ago
Nope. Try being worth -32k. And yes, it is often my job to hang out with wealthy people (in NYC, not SF).
- exitreturn123 9y ago
  I do believe that I will never feel as rich as I did when I went from negative net worth to zero. That liberating feeling was amazing, as it's all upside after that. You'll get there, and it'll feel so good when you do.
5oksuuhm 9y ago
Spare some change?
warent 9y ago
Nice, that sounds pretty sweet. I'm 22 and worth < $1m. Mind if I ask some questions so I can get to where you are? What was your role in the company? How long were you with the company for and how long after its founding did you join? Was the company ever funded or 100% bootstrapped? After you had your exit, how did you begin investing your money and why did you decide on that mode of investment? Do you currently work a corporate job or do you work for yourself? Any other tips or advice? Thank you!
jacknews 9y ago
So are you getting a salary of $2.5m (from a company that you do not own), or are the CEO/owner? I'm guessing this is a CEO salary in any case?
- exitreturn123 9y ago
  Yes, I work at a very large public tech company now (40,000+ employees). I'm a senior executive in the company but two levels below CEO. I would guess: 4000 people make > $500,000 / year 1000 people make > $1,000,000 / year 250 people make > $2,000,000 / year 50 people make > $4,000,000 / year ~7 people make > $8,000,000 / year (the executive team) This includes stock and cash and bonus. All in.

umanwizard 9y ago

Well I can't relate to your kicker at all. I'm worth 200k and my income is 300k pre-tax. I live in NYC on that salary and feel fabulously rich.

mrskitch 9y ago

So now that you've got a throwaway, and have purged the most sensitive of data, what market are you in and what's the product? You should really interview at indiehackers or something similar as there's an entire community trying to do similar. Finally: you need to hang out with different folks and get your perspective changed :)

lazerpants 9y ago

Nope. Try being worth -32k. And yes, it is often my job to hang out with wealthy people (in NYC, not SF).

exitreturn123 9y ago
I do believe that I will never feel as rich as I did when I went from negative net worth to zero. That liberating feeling was amazing, as it's all upside after that. You'll get there, and it'll feel so good when you do.

5oksuuhm 9y ago

Spare some change?

warent 9y ago

Nice, that sounds pretty sweet. I'm 22 and worth < $1m. Mind if I ask some questions so I can get to where you are? What was your role in the company? How long were you with the company for and how long after its founding did you join? Was the company ever funded or 100% bootstrapped? After you had your exit, how did you begin investing your money and why did you decide on that mode of investment? Do you currently work a corporate job or do you work for yourself? Any other tips or advice? Thank you!

jacknews 9y ago

So are you getting a salary of $2.5m (from a company that you do not own), or are the CEO/owner? I'm guessing this is a CEO salary in any case?

exitreturn123 9y ago
Yes, I work at a very large public tech company now (40,000+ employees). I'm a senior executive in the company but two levels below CEO. I would guess: 4000 people make > $500,000 / year 1000 people make > $1,000,000 / year 250 people make > $2,000,000 / year 50 people make > $4,000,000 / year ~7 people make > $8,000,000 / year (the executive team) This includes stock and cash and bonus. All in.