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I try to save as much of it as possible and invest it aggressively into things I find interesting (mostly in the public/private markets). Making money is fun bu
by askafriend 9y ago
I try to save as much of it as possible and invest it aggressively into things I find interesting (mostly in the public/private markets). Making money is fun but investing and growing it is even more fun for me since I don't need much money to live day-to-day. Investing also helps me develop a worldview and check it against reality which is a really cool feedback loop. Most of my strategies are incredibly simple and involve a broad conviction of where the world is going rather than digging into the super nitty gritty details of every quarterly report - I always invest long-term and I never ever day trade. In fact, I've never held an investment shorter than 1.5 years or so. Needless to say, I've done really really well in the bull market of the past couple of years.
Most of my day to day expenses are probably food and rent as is common in San Francisco. I also buy nicer clothes, computers/gadgets or spend a little more on hobbies or travel (subsidized through credit card points churning, which is another fun game if you can afford to play it). But overall I try not to cross over into irrational, needless spending. I mostly have everything I could ever want in the world. Most of my problems are now internal and existential, which is a blessing (and a curse).