4 ms·

> I’m going all in on independence, and I’m going to try to make a living with my own bare hands starting from nothing. This sounds pretty wild, given $511K/y

> I’m going all in on independence, and I’m going to try to make a living with my own bare hands starting from nothing. This sounds pretty wild, given $511K/y last year. I don't want to sound bitter about it, but I am a sole provider for a family of 5, and I guess I could _retire_ after two years of these earnings.

shadowfoxx 4y ago
Yeah there's some real mental gymnastics here; "Starting from nothing..." "...The goal is to provide for my family before I run out of savings"
- travisjungroth 4y ago
  I’d take it to mean starting a project from scratch. Obviously he’s not “starting from nothing” like he was kicked out of an orphanage.
BaseballPhysics 4y ago
> I don't want to sound bitter about it, but I am a sole provider for a family of 5, and I guess I could _retire_ after two years of these earnings. To be clear: You really couldn't. After tax that's probably more like, what, 300k depending on where you live. Family of five, you could save, what, 250k optimistically? Which means 500k in two years. And you cannot retire on 500k. But, say, 10 years? That's doable depending on your expected income in retirement. Which is, admittedly, still pretty damn good...
- dottedmag 4y ago
  > And you cannot retire on 500k. Not everyone lives in US, and I would not be starting from scratch, unlike what author suggests :)
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- legulere 4y ago
  500k for lets say 50 years means 10k per year (let's say you get out inflation by investing). That gets you pretty far in a lot of places.
hosh 4y ago
If your intrinsic motivation is for your family, you might be able to pull it off. It's a recipe for burnout, but it can be doable. Assuming that the work itself is something you're not intrinsically motivated for. You'd also be sacrificing a lot with time with your family. Your marriage will get tested. You'll miss out on some things with your kids growing up. If the stress is severe enough that it changes how you would habitually relate to your family (getting crankier, for example), that is the kind of dad you will be remembered by your kids. The question is if on your deathbed, looking back at how it all played out, that the sacrifice was worth it. I don't think there is a universally right or wrong choice in this. The emotional toll of not having enough to support your family and being in a soul-sucking job is worse.
- dottedmag 4y ago
  Two years of a senior job in Amazon that isn't motivating enough is a recipe for burnout? Come on.
  - hosh 4y ago
    That depends on the person, and that’s why it is intrinsic, not extrinsic motivation.
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shadowfoxx 4y ago

Yeah there's some real mental gymnastics here; "Starting from nothing..." "...The goal is to provide for my family before I run out of savings"

travisjungroth 4y ago
I’d take it to mean starting a project from scratch. Obviously he’s not “starting from nothing” like he was kicked out of an orphanage.

BaseballPhysics 4y ago

> I don't want to sound bitter about it, but I am a sole provider for a family of 5, and I guess I could _retire_ after two years of these earnings. To be clear: You really couldn't. After tax that's probably more like, what, 300k depending on where you live. Family of five, you could save, what, 250k optimistically? Which means 500k in two years. And you cannot retire on 500k. But, say, 10 years? That's doable depending on your expected income in retirement. Which is, admittedly, still pretty damn good...

dottedmag 4y ago
> And you cannot retire on 500k. Not everyone lives in US, and I would not be starting from scratch, unlike what author suggests :)
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legulere 4y ago
500k for lets say 50 years means 10k per year (let's say you get out inflation by investing). That gets you pretty far in a lot of places.

hosh 4y ago

If your intrinsic motivation is for your family, you might be able to pull it off. It's a recipe for burnout, but it can be doable. Assuming that the work itself is something you're not intrinsically motivated for. You'd also be sacrificing a lot with time with your family. Your marriage will get tested. You'll miss out on some things with your kids growing up. If the stress is severe enough that it changes how you would habitually relate to your family (getting crankier, for example), that is the kind of dad you will be remembered by your kids. The question is if on your deathbed, looking back at how it all played out, that the sacrifice was worth it. I don't think there is a universally right or wrong choice in this. The emotional toll of not having enough to support your family and being in a soul-sucking job is worse.

dottedmag 4y ago
Two years of a senior job in Amazon that isn't motivating enough is a recipe for burnout? Come on.
- hosh 4y ago
  That depends on the person, and that’s why it is intrinsic, not extrinsic motivation.

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