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But "solving the money problem" is about gaining the freedom to do what you love, without having to worry about putting food on the table. The problem is really
by parenthesis 18y ago
But "solving the money problem" is about gaining the freedom to do what you love, without having to worry about putting food on the table. The problem is really a problem of freedom, which it just so happens can be solved by acquiring a load of dosh. So it's only about making money as a means to the end of freedom.
- newaccountname 18y agoWhy would you gamble with your freedom? Most of Paul Graham's fans could easily do 3 years of lawschool at a top tier school and could then work 5 years and retire for life.
- nostrademons 18y ago5 years is a bit unreasonable. Take a look at the salary chart on Wikipedia: http://en.wikipedia.org/wiki/Law_firm#Salaries http://en.wikipedia.org/wiki/Law_firm#Salaries Typically, you're about $160k in debt from law school, so the first year is spent paying that back. The next 4 years taken together is only $795k, nowhere near enough to retire for life. All the associate years together is only about $1.6M, still not enough to retire after 11 years. Then you have to make partner; if you don't, you're out of the firm and usually have to set yourself up as a sole proprietor. If you do make partner, you're set for life, but at 11 years getting there, the road is nearly as long as becoming a tenured professor and usually longer than becoming a successful entrepreneur.