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It's more about having the "fuck you" money. Once you reach this level, you typically have about $3-5M in various assets, so you don't have to work in order to
by matrix_overload 4y ago
It's more about having the "fuck you" money. Once you reach this level, you typically have about $3-5M in various assets, so you don't have to work in order to keep paying your bills. You may want to work to buy that next supercar or yacht, but you don't have to.
So, if you are out of luck, you postpone that $5M waterfront summer home purchase, go sit on some board for symbolic money, sniff around, and eventually join some hot startup when you and your buddies found another investor cow to milk.
Not having to commit your time to a shitty offer in order to pay your bills right now makes a killing.
- toomuchtodo 4y agoImportantly, having fuck you money means you can take outsized risk when you leap. To your point, your tolerance for worker bee work means you're not getting out of bed except for possible home runs. You're not going anywhere you're turning over Jira tickets, you're looking for the next score.
- jahewson 4y agoFor context if you live in Palo Alto it just buys you a house.
- eddsh1994 4y agoI saw an acre plot on the market recently for $5.2 in Atherton - no house.