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If I may ask, what happened?

by tnel77 4y ago

labrador 4y ago
I was part of a small startup that was purchased by a big company, making me a worth a couple of million. It became a Tony Hsieh situation for me, with too much money and a large ego that told me I knew better than anyone. It wasn't until I surrendered and started doing what people told me to do to get better that I recovered. I had to be broke before that happened. It was quite a ride. I lived and survived all in one piece so I'm not complaining! Zappos Founder Tony Hsieh Surrounded by Drugs and Nitrous Oxide Cartridges in Fatal Fire https://www.thewrap.com/zappos-founder-tony-hsieh-surrounded-by-drugs-and-nitrous-oxide-cartridges-in-fatal-fire/ https://www.thewrap.com/zappos-founder-tony-hsieh-surrounded... Edit: I journaled about it recently, which I'll share in case in helps anyone: I wasn't awake when I was younger. Like in the 80's when I suddenly made a lot of money. I didn't go to the beach and sit on a bench on a pier to think about it. What does this mean? How is this going to change my life? What do I have to do to manage a lot of money? What are my responsibilities to family that are still be struggling? That's what I mean when I say I was asleep. I was asleep in the ignorance of my youth. I did not have situational awareness. My self-awareness was low. Bottom line: I grew up without much money. Since I was successful I thought I was smart enough to figure out how to handle a lot of money. Turns out, managing money is a skill that I don't have and wasn't going to figure out because it didn't interest me, so you know the saying "A fool and his money are soon parted"
- tnel77 4y ago
  Your reply makes me think of a blog post I read (I believe it was this one: https://collabfund.com/blog/the-art-and-science-of-spending-money/ https://collabfund.com/blog/the-art-and-science-of-spending-...) that talked about how there’s a big difference between the mindset needed to make money, and the mindset needed to save money. Many are good at one, but few are good at both.
  - labrador 4y ago
    I knew how to write code, not how to make money. Thanks for sharing that article because it's a good one. I'm in good company. For example, Mark Twain blew most of his money on inventions that were never going to work. Nikola Tesla died penniless. And so on. I just want to add, when you are born in the upper classes and you strike it rich, people around you will recommend you get a wealth manager and hand you business cards. That doesn't happen when you are working class. Your friends and family are equally clueless.

If I may ask, what happened?

by tnel77 4y ago

If I may ask, what happened?

I was part of a small startup that was purchased by a big company, making me a worth a couple of million. It became a Tony Hsieh situation for me, with too much money and a large ego that told me I knew better than anyone. It wasn't until I surrendered and started doing what people told me to do to get better that I recovered. I had to be broke before that happened. It was quite a ride. I lived and survived all in one piece so I'm not complaining! Zappos Founder Tony Hsieh Surrounded by Drugs and Nitrous Oxide Cartridges in Fatal Fire https://www.thewrap.com/zappos-founder-tony-hsieh-surrounded-by-drugs-and-nitrous-oxide-cartridges-in-fatal-fire/ https://www.thewrap.com/zappos-founder-tony-hsieh-surrounded... Edit: I journaled about it recently, which I'll share in case in helps anyone: I wasn't awake when I was younger. Like in the 80's when I suddenly made a lot of money. I didn't go to the beach and sit on a bench on a pier to think about it. What does this mean? How is this going to change my life? What do I have to do to manage a lot of money? What are my responsibilities to family that are still be struggling? That's what I mean when I say I was asleep. I was asleep in the ignorance of my youth. I did not have situational awareness. My self-awareness was low. Bottom line: I grew up without much money. Since I was successful I thought I was smart enough to figure out how to handle a lot of money. Turns out, managing money is a skill that I don't have and wasn't going to figure out because it didn't interest me, so you know the saying "A fool and his money are soon parted"

tnel77 4y ago
Your reply makes me think of a blog post I read (I believe it was this one: https://collabfund.com/blog/the-art-and-science-of-spending-money/ https://collabfund.com/blog/the-art-and-science-of-spending-...) that talked about how there’s a big difference between the mindset needed to make money, and the mindset needed to save money. Many are good at one, but few are good at both.
- labrador 4y ago
  I knew how to write code, not how to make money. Thanks for sharing that article because it's a good one. I'm in good company. For example, Mark Twain blew most of his money on inventions that were never going to work. Nikola Tesla died penniless. And so on. I just want to add, when you are born in the upper classes and you strike it rich, people around you will recommend you get a wealth manager and hand you business cards. That doesn't happen when you are working class. Your friends and family are equally clueless.