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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

This is my conversational account. For my work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    Venkatesh Rao‏ @vgr Jan 1
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    If you’re under 35 try consider replacing all resolutions with equivalent make-more-money resolutions. Examples: Exercise more = +10k for a 3x/week personal trainer Eat better = +10-60k more for eating out at salad places/exec chef Learn stuff = +5k-15k for personal coach

    11:42 AM - 1 Jan 2020
    • 25 Retweets
    • 258 Likes
    • Crisp Evolution Raghava Perineni David Ioanna Papagianni hydroxochloroterry Chidimma Uzoma __, (25 second attention span) Mike Ann D Vu
    15 replies 25 retweets 258 likes
      1. New conversation
      2. Venkatesh Rao‏ @vgr Jan 1
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        Solving problems with money is more efficient in proportion to how much you value your mental effort resources for other stuff you enjoy more. If those activities pay on a leveraged way, the trade off is 100% worth it.

        3 replies 6 retweets 75 likes
        Show this thread
      3. Venkatesh Rao‏ @vgr Jan 1
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        Why under 35? Because concentrating your mental resources on your comparative advantage creates a kind of high-drive exhausting raw energy positive feedback loop that I’ve only seen younger people handle well. And that loop is what creates the surplus to pay for other stuff.

        1 reply 1 retweet 64 likes
        Show this thread
      4. Venkatesh Rao‏ @vgr Jan 1
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        The older you are the greater the financial surplus you need to achieve the same level of attention concentration on a core positive feedback loop. Money is a more achievable kind of leverage when you’re younger though you need it more badly when you’re older.

        2 replies 1 retweet 39 likes
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      5. Venkatesh Rao‏ @vgr Jan 1
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        I’d need a million dollars today to achieve level of leverage I could have gotten with 100k in 2010. This is why for the average person, financial leverage drops with age. But we fixate on CEOs and entrepreneurs who buck that trend by making $-leverage faster than they are aging.

        2 replies 0 retweets 25 likes
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      6. Venkatesh Rao‏ @vgr Jan 1
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        For financially average people like me, you fall behind on that game, and solving problems with money stops being an option, because you’re not efficient enough as a cost structure to achieve much with the surplus you have. So do it while you still can.

        3 replies 1 retweet 25 likes
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      7. Venkatesh Rao‏ @vgr Jan 1
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        Venkatesh Rao Retweeted Donny_ Dude

        Counterintuitive but yes. That exec attention is more cdluable elsewhere when young and it’ll take a bigger, out-of-reach surplus to achieve similar reallocation efficiency when you’re older. Plus doing it when young installs stronger habits for later.https://twitter.com/_donny_dude/status/1212464168374358016?s=21 …

        Venkatesh Rao added,

        Donny_ Dude @_Donny_Dude
        Replying to @vgr
        This is very interesting given my age. Can you please say more? It's better to earn 10K more so I can afford personal trainer, instead of forgoing the income and trying to do exercise by myself?
        3 replies 0 retweets 24 likes
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      8. Venkatesh Rao‏ @vgr Jan 1
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        tldr get rich young if you can. It’s both easier and more valuable.

        2 replies 6 retweets 54 likes
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      9. End of conversation
      1. New conversation
      2. Gytis‏ @gytdau Jan 1
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        Replying to @vgr

        In your experience, does earning more generally correspond to having less free time or energy to pursue these tasks? Or is it the case that you need to sacrifice these goals short term so that you have more freedom in 5-10 years?

        1 reply 0 retweets 1 like
      3. Venkatesh Rao‏ @vgr Jan 1
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        Replying to @gytdau

        Having more money young changes your goals and who you are. It’s not a zero-sum tradeoff analysis. Your money history is as big a part of your growth story as health or relationships and way bigger than explicit philosophy. The only question is do you want to become that person.

        0 replies 2 retweets 20 likes
      4. End of conversation
      1. New conversation
      2. Blake Maczka‏ @BlakeMaczka Jan 1
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        Replying to @vgr

        Paying $10k for a trainer isn't any easier/more efficient than just going to the gym and doing the same stuff on your own. If anything, it probably takes even more of your time.

        1 reply 0 retweets 2 likes
      3. Andrew Lynch‏ @andrewglynch Jan 2
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        Replying to @BlakeMaczka @vgr

        It’s not more efficienct in terms of time, it just require a lot less mental energy and headspace — you just turn up and do what they tell you — so from that point of view it’s more efficient (it’s also why I do crossfit)

        1 reply 0 retweets 2 likes
      4. 10 more replies

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