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08-14-2024, 04:58 PM
#1
Do you ever wonder if people making the big bucks have a better life?
There are a lot of people in NYC making $300k, $500k, $1M, etc. With that level of compensation however, there's a lot more stress, longer hours worked, etc. Generally people who make that much don't just retire by 40 because they have a hustler attitude towards life; wouldn't make sense for them to work their ass off for 20 years and then quit completely.
I started to wonder - what do they enjoy in life that they can't enjoy on say, $150k?
The only answer I really came up with in terms of quality of life is that they can fly first class instead of economy. Everything else though..
There is no quality of life upgrade from wearing a $200k watch vs a $10k watch.
There is no quality of life upgrade from driving a $200k car vs a $75k car.
There is no quality of life upgrade from living in a mansion vs a regular, decent home.
There is no quality of life upgrade from wearing Loro Piana as oppossed to say, Brooks Brothers.
There is no quality of life upgrade from spending $500 on a meal as opposed to $100.
I think the only real point at which wealth is worth the effort is when you can afford a private plane. That's fuk you money basically; maybe $10-20M+. If you're not aiming for that though, what's the point? Especially if your spouse brings in good money too.
Reason I ask is because I've stagnated in my career. My comp won't ever get much higher than $175k, if that, and I've started to wonder if I should pursue something else, but now I'm thinking the only realistic option is real estate. There's no point grinding to make $300k in tech or law or medicine since I'm already mid 30s.
I started to wonder - what do they enjoy in life that they can't enjoy on say, $150k?
The only answer I really came up with in terms of quality of life is that they can fly first class instead of economy. Everything else though..
There is no quality of life upgrade from wearing a $200k watch vs a $10k watch.
There is no quality of life upgrade from driving a $200k car vs a $75k car.
There is no quality of life upgrade from living in a mansion vs a regular, decent home.
There is no quality of life upgrade from wearing Loro Piana as oppossed to say, Brooks Brothers.
There is no quality of life upgrade from spending $500 on a meal as opposed to $100.
I think the only real point at which wealth is worth the effort is when you can afford a private plane. That's fuk you money basically; maybe $10-20M+. If you're not aiming for that though, what's the point? Especially if your spouse brings in good money too.
Reason I ask is because I've stagnated in my career. My comp won't ever get much higher than $175k, if that, and I've started to wonder if I should pursue something else, but now I'm thinking the only realistic option is real estate. There's no point grinding to make $300k in tech or law or medicine since I'm already mid 30s.
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Quote
08-14-2024, 05:09 PM
#2
I'm perfectly content and happy, and I wouldn't mind making lots of money. The issue might lay in the fact that to make that much money, a person needs to sacrifice an aspect of themselves, etc, which leads to general unfulfillment in life, etc.
Do you feel that you're doing the most that you can do career wise? Sometimes it's not even about the money, but whether or not you're producing at peak capacity and living up to your potential.
Do you feel that you're doing the most that you can do career wise? Sometimes it's not even about the money, but whether or not you're producing at peak capacity and living up to your potential.
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08-14-2024, 05:11 PM
#3
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08-14-2024, 05:32 PM
#4
I'm perfectly content and happy, and I wouldn't mind making lots of money. The issue might lay in the fact that to make that much money, a person needs to sacrifice an aspect of themselves, etc, which leads to general unfulfillment in life, etc.
Do you feel that you're doing the most that you can do career wise? Sometimes it's not even about the money, but whether or not you're producing at peak capacity and living up to your potential.
Do you feel that you're doing the most that you can do career wise? Sometimes it's not even about the money, but whether or not you're producing at peak capacity and living up to your potential.
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08-14-2024, 05:45 PM
#5
develop a personal philosophy where you want nothing aside from the occasional indulgence (this is different than trying to convince yourself because you're broke)
finding something desirable =/= needing to possess it
the most valuable asset is time. if you have total control of your time then money becomes almost meaningless
therefore making more money than that will provide all your necessities plus some perks becomes pointless.
which brings us to retirement/life purpose. if you have no life purpose then invariably you will remain working as long as you can to fill your internal void.
finding something desirable =/= needing to possess it
the most valuable asset is time. if you have total control of your time then money becomes almost meaningless
therefore making more money than that will provide all your necessities plus some perks becomes pointless.
which brings us to retirement/life purpose. if you have no life purpose then invariably you will remain working as long as you can to fill your internal void.
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08-14-2024, 05:51 PM
#6
Originally Posted By TugOfPeace⏩
what do you do?
No, I work 5-10 hrs/week typically, remotely
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08-14-2024, 05:52 PM
#7
Man, extreme stress is an absolute bitch.
Right now I am working on a Real Estate Development that has 25 people who are suppossed to move in tomorrow. It's not finished, and will probably be about a week. So I have to scramble to find all these people accommodations for a week. While also doing my regular job and a host of other things every day. Stress level 9/10. Impacts my sleep. Ruins my quality of life. I haven't had a single alcoholic drink in a month.
Now, once these people move in this property will essentially operate as a little ATM machine that throws off $15k every single month for the foreseeable future. But until we get everything approved and moved into, it's an absolutely nightmare and makes me want to jump off of a bridge.
Right now I am working on a Real Estate Development that has 25 people who are suppossed to move in tomorrow. It's not finished, and will probably be about a week. So I have to scramble to find all these people accommodations for a week. While also doing my regular job and a host of other things every day. Stress level 9/10. Impacts my sleep. Ruins my quality of life. I haven't had a single alcoholic drink in a month.
Now, once these people move in this property will essentially operate as a little ATM machine that throws off $15k every single month for the foreseeable future. But until we get everything approved and moved into, it's an absolutely nightmare and makes me want to jump off of a bridge.
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08-14-2024, 06:05 PM
#8
I lived in NYC for years and was in a relationship with a woman who made a lot of money.
It's great.
If you are a cultured and intellectual person that city has everything ALL OF THE TIME and if you have money you can go to a different place every day to do something. In addition, if you like people, the city has "energy" you can feel from others.
We also used to travel and went to a variety of places in Europe.
She had a time consuming job but it was easy. I worked very hard and was tired a lot but you could fall out the door into countless restaurants and bars for fun.
It's great.
If you are a cultured and intellectual person that city has everything ALL OF THE TIME and if you have money you can go to a different place every day to do something. In addition, if you like people, the city has "energy" you can feel from others.
We also used to travel and went to a variety of places in Europe.
She had a time consuming job but it was easy. I worked very hard and was tired a lot but you could fall out the door into countless restaurants and bars for fun.
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08-14-2024, 06:13 PM
#9
This is why you'll never be able to afford misc island
08-14-2024, 06:16 PM
#10
Originally Posted By TheAdlerian⏩
What does this have to do with making $300k instead of $150k though? Can't you live this lifestyle as a dual income couple?
I lived in NYC for years and was in a relationship with a woman who made a lot of money.
It's great.
If you are a cultured and intellectual person that city has everything ALL OF THE TIME and if you have money you can go to a different place every day to do something. In addition, if you like people, the city has "energy" you can feel from others.
We also used to travel and went to a variety of places in Europe.
She had a time consuming job but it was easy. I worked very hard and was tired a lot but you could fall out the door into countless restaurants and bars for fun.
It's great.
If you are a cultured and intellectual person that city has everything ALL OF THE TIME and if you have money you can go to a different place every day to do something. In addition, if you like people, the city has "energy" you can feel from others.
We also used to travel and went to a variety of places in Europe.
She had a time consuming job but it was easy. I worked very hard and was tired a lot but you could fall out the door into countless restaurants and bars for fun.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
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08-14-2024, 06:17 PM
#11
Originally Posted By TugOfPeace⏩
Same it's seriously GOAT
No, I work 5-10 hrs/week typically, remotely
I get to wake up and go the gym first thing every morning from 9 - 11 am. Come back do whatever little BS work I have to do which is maybe 2 hours total, then relax around the house.
If I wanted to go out and do something I could do it. One day I went to an amusement park nearby with some family just for the f*ck of it. Didn't take PTO of anything just blocked off my calendar and went.
Life has never been better being remote no longer chained to a desk for absolutely no reason. The best part about all of it is I'm one of the most productive people in my position in the company.
08-14-2024, 06:18 PM
#12
They have the
potential
for a better life, due to having more options available to them.
Whether they actually have a better life, is down to what choices they make.
Some people may need $100m a year to do all the things they want to do and others may only need $50k. If they can both do everything they want to do and are living the lives they want to live, are they not just as happy as each other?
It's like comparing a monk to a billionaire playboy; they might both extract the same degree of happiness from the world, but one needs far more resources to achieve that happiness.
As more resources give you more options, the greater number of possible lives you can live with those resources makes it more likely that one of those lives is the one that gives you bliss. But you still have to find that life, you still have to recognise it when you find it and you still have to choose to live it when you recognise it.
Whether they actually have a better life, is down to what choices they make.
Some people may need $100m a year to do all the things they want to do and others may only need $50k. If they can both do everything they want to do and are living the lives they want to live, are they not just as happy as each other?
It's like comparing a monk to a billionaire playboy; they might both extract the same degree of happiness from the world, but one needs far more resources to achieve that happiness.
As more resources give you more options, the greater number of possible lives you can live with those resources makes it more likely that one of those lives is the one that gives you bliss. But you still have to find that life, you still have to recognise it when you find it and you still have to choose to live it when you recognise it.
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08-15-2024, 03:17 PM
#13
Originally Posted By TugOfPeace⏩
Sure.
What does this have to do with making $300k instead of $150k though? Can't you live this lifestyle as a dual income couple?
My gf at the time was making about 100k and I was making less and the daily lifestyle was very good. The idea is that money buys fun and variety if you like variety and fun.
Also, I used to do absolutely nothing in NYC but walk around. That was entertaining in itself and cost me nothing…other than living there, to achieve. Meanwhile, I grew up in a rural area where people drank all the time because there was no real culture or activities. So, people making a lot of money are having more fun than most other people.
If I won the lottery or got a job for 300k I would move to New York in a heartbeat.
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08-15-2024, 03:18 PM
#14
They do.
08-15-2024, 03:29 PM
#15
Originally Posted By TugOfPeace⏩
Tough question, it really depends on what makes you happy and how far your salary carries you in your city.
There are a lot of people in NYC making $300k, $500k, $1M, etc. With that level of compensation however, there's a lot more stress, longer hours worked, etc. Generally people who make that much don't just retire by 40 because they have a hustler attitude towards life; wouldn't make sense for them to work their ass off for 20 years and then quit completely.
I started to wonder - what do they enjoy in life that they can't enjoy on say, $150k?
The only answer I really came up with in terms of quality of life is that they can fly first class instead of economy. Everything else though..
There is no quality of life upgrade from wearing a $200k watch vs a $10k watch.
There is no quality of life upgrade from driving a $200k car vs a $75k car.
There is no quality of life upgrade from living in a mansion vs a regular, decent home.
There is no quality of life upgrade from wearing Loro Piana as oppossed to say, Brooks Brothers.
There is no quality of life upgrade from spending $500 on a meal as opposed to $100.
I think the only real point at which wealth is worth the effort is when you can afford a private plane. That's fuk you money basically; maybe $10-20M+. If you're not aiming for that though, what's the point? Especially if your spouse brings in good money too.
Reason I ask is because I've stagnated in my career. My comp won't ever get much higher than $175k, if that, and I've started to wonder if I should pursue something else, but now I'm thinking the only realistic option is real estate. There's no point grinding to make $300k in tech or law or medicine since I'm already mid 30s.
I started to wonder - what do they enjoy in life that they can't enjoy on say, $150k?
The only answer I really came up with in terms of quality of life is that they can fly first class instead of economy. Everything else though..
There is no quality of life upgrade from wearing a $200k watch vs a $10k watch.
There is no quality of life upgrade from driving a $200k car vs a $75k car.
There is no quality of life upgrade from living in a mansion vs a regular, decent home.
There is no quality of life upgrade from wearing Loro Piana as oppossed to say, Brooks Brothers.
There is no quality of life upgrade from spending $500 on a meal as opposed to $100.
I think the only real point at which wealth is worth the effort is when you can afford a private plane. That's fuk you money basically; maybe $10-20M+. If you're not aiming for that though, what's the point? Especially if your spouse brings in good money too.
Reason I ask is because I've stagnated in my career. My comp won't ever get much higher than $175k, if that, and I've started to wonder if I should pursue something else, but now I'm thinking the only realistic option is real estate. There's no point grinding to make $300k in tech or law or medicine since I'm already mid 30s.
We all know money doesn't buy happiness, but if you are a simple guy in a simple city, it may be enough.
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