Painfully earnest.pic.twitter.com/9srQ6RbXQz
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How does this person not know that you can do all this for much cheaper than 10 million dollars.
three tiers of "fuck you" money: tier 0: passive income level of ~$60K/yr, funds frugal digital nomadism indefinitely tier 1: ~$4million in the bank, earning 5% YoY returns, funds comfortable bougie lifestyle indefinitely on just earnings tier 2: >=$100million in the bank...
...(tier 2, cont'd): funds bougie lifestyle indefinitely AND AND AND has a few loads of dry powder for expensive moonshots if you want to try
Vgr had a tweet where he said “if you exclude a house or holiday, what would you do with $100k”? And in the results he decided that it’s not lack of money that stops people e.g. starting a business or building something or living their dream. Thought about that a lot since.
I remember that thread. very few people had things that they were ready to work on in any real sense in the near term. everybody dreaming of bored idle retirement nobody dreaming of taking a swing at Destiny (or however you want to frame it).
It’s a lack of ideas that’s the problem
I think about this stuff a lot. the simplest explanation is that people don't want to be responsible for implementing their dreams. fantasizing about becoming a famous author is comforting. carrying book proposals around with you in case you meet an agent = scary, hard, painful
And you might fail. If you only dream and talk about it you can keep the feeling of anticipation alive forever
yeah basically true, and maps pretty well to scarcity vs abundance mindset if we can give more people the opportunity to experience their dreams manifesting in reality, they will be much likelier to then dream bigger
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