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This guy didn't lose 200K. He claims he lost 200K by "not doing something else". Putting opportunity cost as a hard loss is stretching it, and sure seems like i

This guy didn't lose 200K. He claims he lost 200K by "not doing something else". Putting opportunity cost as a hard loss is stretching it, and sure seems like it's just there to make the title more clickbaity. I guess I just lost something like $20 reading the article then.

short_sells_poo 5y ago
If he has good certainty that he could've made 200k in the same period, I think it is useful to count it as money lost. People very often lose sight of the power of "money in hand". Had he done "something else", he'd have a nice and cool 200k in his pockets right now. 200k which can be put to further work, which will compound over time. Even more, while those 200k are working, the dude can be working too accumulating further wealth. Compound returns are truly the 8th wonder of the world, but many people just see the promise of 0 to billionaire through some unicorn startup, while there are countless people going 0 to millionaire even if they play it comparably safe. Don't scoff at the person who works a relatively ordinary corporate job but manages to accumulate a respectable wealth over a decade or two. There are countless startup bros who go through a dozen failed attempts in the mean time with nothing but experience to show for it. That experience may be useful at some point in the future, but it's entirely unrealized value. On the other hand, having 500k wealth to your name which is invested and growing is tangible value right now which itself can be used to fund future endeavors.
- dSebastien 5y ago
  You're 100℅ right. I'm the author, and I would definitely have made that money had I continued to work as a consultant. I had secured a high paying long term contract and I broke it to work on that project. Money in the bank is money that I could have invested, money that could have improved my family's quality of life, ...

short_sells_poo 5y ago

If he has good certainty that he could've made 200k in the same period, I think it is useful to count it as money lost. People very often lose sight of the power of "money in hand". Had he done "something else", he'd have a nice and cool 200k in his pockets right now. 200k which can be put to further work, which will compound over time. Even more, while those 200k are working, the dude can be working too accumulating further wealth. Compound returns are truly the 8th wonder of the world, but many people just see the promise of 0 to billionaire through some unicorn startup, while there are countless people going 0 to millionaire even if they play it comparably safe. Don't scoff at the person who works a relatively ordinary corporate job but manages to accumulate a respectable wealth over a decade or two. There are countless startup bros who go through a dozen failed attempts in the mean time with nothing but experience to show for it. That experience may be useful at some point in the future, but it's entirely unrealized value. On the other hand, having 500k wealth to your name which is invested and growing is tangible value right now which itself can be used to fund future endeavors.

dSebastien 5y ago
You're 100℅ right. I'm the author, and I would definitely have made that money had I continued to work as a consultant. I had secured a high paying long term contract and I broke it to work on that project. Money in the bank is money that I could have invested, money that could have improved my family's quality of life, ...