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There's a corollary from some founder (one of the Instagram guys?): There's really only 3 kinds of money. There's "I don't have to worry if I'll make rent or
by ethbr0 5y ago
There's a corollary from some founder (one of the Instagram guys?):
There's really only 3 kinds of money.
There's "I don't have to worry if I'll make rent or be able to buy groceries this month" money.
There's "I don't have to think about prices or when I go out to dinner" money.
And then there's "I can take unpaid time off whenever I feel like it, and travel to where I feel like" money.
Past that, everything is just bigger numbers.
It always resonated with me, because (a) it phrased money (which doesn't really matter directly) in terms of outcomes (which do matter directly), (b) it coalesced things down into a few, very different outcome buckets, & (c) it made the observation that in terms of life outcomes, there's definitely a ceiling: unless you're looking for ways to blow money, there's a cap on how much you can reasonably spend.
- dunham 5y agoBill Gates' description of that ceiling: "I can understand wanting to have millions of dollars, there’s a certain freedom, meaningful freedom, that comes with that. But once you get much beyond that, I have to tell you, it’s the same hamburger."
- Viliam1234 5y agoMaybe hamburgers are not the thing you should be spending your money on. There are all kinds of projects that are potentially useful but not necessarily profitable. Having more millions of dollars means you could do more of them.
- dougmwne 5y agoThis is essentially what very wealthy people do with their money. They purchase changes in the world around them and so shape the world to more closely fit their own ideals.