3 ms·

Unless all of your friends are also independently wealthy, you never having to work again isn't going to change the equation all that much. They will still be a

Unless all of your friends are also independently wealthy, you never having to work again isn't going to change the equation all that much. They will still be at work most of the day. It should also be noted that the odds of startup success (to an extent where you literally never have to work again) is quite unlikely. You can spend time with your friends and family now - perhaps not all of your time, and not completely at your leisure and control, but if the alternative is sacrificing the people you care about for a tiny chance at spending all your time with them... I don't think that's a rational tradeoff.

dictum 12y ago
> Unless all of your friends are also independently wealthy, you never having to work again isn't going to change the equation all that much. Nice time to play armchair psychoanalyst: some people who wish to retire early may be motivated by a desire to be friends with the (time and money) rich.
thejdude 12y ago
It doesn't matter how much free time my friends have, or I. It matters how much free time we have available to see each other. I have a reasonable amount of free time, but spend it on recovering from work (unfortunately, I need time off for that; so probably I'm an introvert), on time with my partner, on household activities, on learning. The actual time I have for friends is not that much. Admittedly, most of my friends seem to have even less time (mostly because they work longer hours), but others seem to have their life divided only between work and hangout time, so they're available pretty much always. tl;dr if I had more free time, I'd have just enough time to hangout more with friends, as part of my free time is devoted to other things.
lsc 12y ago
>It should also be noted that the odds of startup success (to an extent where you literally never have to work again) is quite unlikely. Eh, I mostly agree, if you mean the typical "swing for the fences" kind of startup. But, I think there is awareness of this, for example, the PG essay I linked to a couple messages back mentioned that a 100% chance of a million bucks, to someone without money, is worth a heck of a lot more than a 20% chance at ten million bucks. (obviously, the latter is worth rather more to people who have enough money to amortize out the chances.) The thing is, you don't need to do a swing for the fences kind of startup if you don't want to. Before this latest investment craze, HN was very big on bootstrapping. I've been running my own bootstrapped company for the last decade or so, and while I am right now attempting to recover from some very bad choices, and thus am doing poorly, for a while, it was pretty nice. I had a very flexible life. I have been able to hire nearly all of my siblings, at one point in time or another; as far as spending time with friends and family goes, my company has been quite successful. I was able to work as much as I wanted, or scale back to very little. Being your own business, even if that business is, say, contracting, is one way to get a lot more flexibility out of your life. When my income was mostly selling my own labor, I'd sometimes work for other people one year on/one year off. (Timed so I worked 6 months out of each tax year) Now, I mostly worked on my own stuff on the years off, but the strategy would work just as well if I wanted to work a tax-minimizing half-time schedule. As far as I can tell, it's way easier to get a good-paying part-time job as a contractor than as a full-time W2.

dictum 12y ago

> Unless all of your friends are also independently wealthy, you never having to work again isn't going to change the equation all that much. Nice time to play armchair psychoanalyst: some people who wish to retire early may be motivated by a desire to be friends with the (time and money) rich.

thejdude 12y ago

It doesn't matter how much free time my friends have, or I. It matters how much free time we have available to see each other. I have a reasonable amount of free time, but spend it on recovering from work (unfortunately, I need time off for that; so probably I'm an introvert), on time with my partner, on household activities, on learning. The actual time I have for friends is not that much. Admittedly, most of my friends seem to have even less time (mostly because they work longer hours), but others seem to have their life divided only between work and hangout time, so they're available pretty much always. tl;dr if I had more free time, I'd have just enough time to hangout more with friends, as part of my free time is devoted to other things.

lsc 12y ago

>It should also be noted that the odds of startup success (to an extent where you literally never have to work again) is quite unlikely. Eh, I mostly agree, if you mean the typical "swing for the fences" kind of startup. But, I think there is awareness of this, for example, the PG essay I linked to a couple messages back mentioned that a 100% chance of a million bucks, to someone without money, is worth a heck of a lot more than a 20% chance at ten million bucks. (obviously, the latter is worth rather more to people who have enough money to amortize out the chances.) The thing is, you don't need to do a swing for the fences kind of startup if you don't want to. Before this latest investment craze, HN was very big on bootstrapping. I've been running my own bootstrapped company for the last decade or so, and while I am right now attempting to recover from some very bad choices, and thus am doing poorly, for a while, it was pretty nice. I had a very flexible life. I have been able to hire nearly all of my siblings, at one point in time or another; as far as spending time with friends and family goes, my company has been quite successful. I was able to work as much as I wanted, or scale back to very little. Being your own business, even if that business is, say, contracting, is one way to get a lot more flexibility out of your life. When my income was mostly selling my own labor, I'd sometimes work for other people one year on/one year off. (Timed so I worked 6 months out of each tax year) Now, I mostly worked on my own stuff on the years off, but the strategy would work just as well if I wanted to work a tax-minimizing half-time schedule. As far as I can tell, it's way easier to get a good-paying part-time job as a contractor than as a full-time W2.