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“If I ever become a bilionaire, or frankly just get a little more than I have now, my next move is: RETIRE.” I am in the same boat but that’s why we (and a lot

“If I ever become a bilionaire, or frankly just get a little more than I have now, my next move is: RETIRE.” I am in the same boat but that’s why we (and a lot of other people) will never make that money. These guys seem to really enjoy business and it’s their favorite thing to do. They have the freedom to do whatever they want but they choose business. Looking at my CEO’s published salary I would retire within one or two months of making that much money. But I will never get there because I am not willing to put that much energy into work.

DataWorker 7y ago
It has little to do with work effort. Many of the hardest workers are dirt poor. Necessary perhaps, sufficient, hardly!
growlist 7y ago
> I am in the same boat but that’s why we (and a lot of other people) will never make that money. This gets repeated fairly often and intuitively it makes sense. I'd love to hear a counterexample though - of a naturally lazy person that motivated themselves hard enough, for long enough, purely to make enough money to enable themselves to be stylishly lazy forever.
- deleted 7y ago
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- marvin 7y ago
  Mr. Money Mustache, an early Financial Independence blogger, quit working after having invested enough to mostly live off the expected 4% returns of his investment portfolio. Granted, I don't think there's any evidence at all that he is lazy, but he certainly doesn't project the image of a high-powered workaholic business executive. A few years after retiring, his personal finance blog has at times made an income in the mid-six figures, assuming he was telling the truth in a forum comment somewhere. I've read stories of early retirees saying that they've made more money than ever after retiring, because the independence freed them from the downside of risky business decisions.
mtberatwork 7y ago
I'd imagine a lot of CEOs are trying to maintain a certain lifestyle and can't retire. Maybe retiring from a CEO position might also mean a loss of access to elite social groups that they value? > But I will never get there because I am not willing to put that much energy into work. ...either or, I wouldn't put too much stock into thinking this way. Energy output does not always equal monetary success.
- Ididntdothis 7y ago
  “Energy output does not always equal monetary success.” It’s not guaranteed but hard work is a necessary ingredient in most cases. And then other factors like luck also need to align.

DataWorker 7y ago

It has little to do with work effort. Many of the hardest workers are dirt poor. Necessary perhaps, sufficient, hardly!

growlist 7y ago

> I am in the same boat but that’s why we (and a lot of other people) will never make that money. This gets repeated fairly often and intuitively it makes sense. I'd love to hear a counterexample though - of a naturally lazy person that motivated themselves hard enough, for long enough, purely to make enough money to enable themselves to be stylishly lazy forever.

deleted 7y ago
[deleted]
marvin 7y ago
Mr. Money Mustache, an early Financial Independence blogger, quit working after having invested enough to mostly live off the expected 4% returns of his investment portfolio. Granted, I don't think there's any evidence at all that he is lazy, but he certainly doesn't project the image of a high-powered workaholic business executive. A few years after retiring, his personal finance blog has at times made an income in the mid-six figures, assuming he was telling the truth in a forum comment somewhere. I've read stories of early retirees saying that they've made more money than ever after retiring, because the independence freed them from the downside of risky business decisions.

mtberatwork 7y ago

I'd imagine a lot of CEOs are trying to maintain a certain lifestyle and can't retire. Maybe retiring from a CEO position might also mean a loss of access to elite social groups that they value? > But I will never get there because I am not willing to put that much energy into work. ...either or, I wouldn't put too much stock into thinking this way. Energy output does not always equal monetary success.

Ididntdothis 7y ago
“Energy output does not always equal monetary success.” It’s not guaranteed but hard work is a necessary ingredient in most cases. And then other factors like luck also need to align.