4 ms·

I'd love to see your stats you're using to set that outcome's likelihood at "very high", relative to the probability of being able to save enough for retirement

I'd love to see your stats you're using to set that outcome's likelihood at "very high", relative to the probability of being able to save enough for retirement based on simply being a saver. The entire problem is that most folks grossly overestimate their probability of future success, even over a lifetime. (Not to mention likely done a lot of damage to your health and relationships, if you spend a career trying to finally achieve a big outcome... there are non-financial costs to taking bigger risks that we often fail to assess.)

andrewjl 9y ago
Bigger risk wrt what exactly? Time? Working 60-80 hour weeks on entrepreneurial pursuits may boost your chances, but isn't required, except on a rare, brief inflection point occasions, IMO. As for probabilities, spending 10 hours per week, thinking, and iterating on side projects, over the course of 10-15 years can bring a sustainable $10-15k monthly pre-tax income if done well. (I define well to be build stuff people want, focus on your customer, etc) If one's time horizon is smaller or income needs are larger, then there are other leverage points that can be used.