What do you do with the money you earn? My career lacks purpose.

eBay / Eng WFH-today
Sep 30, 2018 54 Comments

I just hit half a million in net worth (liquid assets). I've been saving for my entire career, and single w/o kids (5 YoE, now 240k TC).

But I have no idea how to spend it, and it sort of scares me that I don't have any real goals. I don't want a house, since I don't like the idea of being tied down to a particular place. You're going to say hookers and blow... I've tried that, but that isn't particularly satisfying in the long term either (and it's hit or miss in the short term).

I think part of the problem is that I make way more than I need to live a good life but way less than I would need to be "rich", e.g. fly first class, wear gucci, buy a supercar. I'm cheap af asset-wise.

As a result I can treat money like it's an infinite pool for my everyday living, so I eat out at nice places dressed in Target t-shirts.

But this comfortable life is devoid of meaning or mission. I'm negotiating higher salaries without any purpose, just to make the number go up. I get raises and bonuses for the hell of it, no change on my day-to-day living.

How do you find purpose to justify saving money?

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TOP 54 Comments
  • Pure Storage lololol012
    get a wife and a life
    Sep 30, 2018 3
    • Juniper Pliny Jr.
      Oct 1, 2018
    • MITRE / Eng ydFq45
      Getting a wife won't be give you a "life." In many cases it could give a new set of problems that make you want to take a time machine either to death or past long gone.
      Oct 1, 2018
    • Apple Datebayo
      Get a wife and turn into an undead
      Oct 1, 2018
  • Google linker
    You're realizing something it takes normal workers decades to get to. This is effectively your midlife crisis, albeit probably with less sense of your own mortality.

    You are asking the right questions though. Everything in life up to now has been to work towards financial freedom. Now that it's in your grasp within the next few years, you need to answer what you want to do with that freedom.

    Freedom scares most people. Life is short, you're in a privileged circumstance, live it wisely.
    Sep 30, 2018 2
    • Amazon 123raj
      And u sir should definitely switch career to a motivational guru
      Oct 1, 2018
    • Juniper Pliny Jr.
      How can this be a "midlife crisis"?

      The dude has 5 years of experIence for crissakes!
      Oct 1, 2018
  • Citibank / R&D whatdabump
    Funny. I have $1.6mm saved and because I’m a banker I’ve been told I’m poor relative to tech workers and to GTFO. Tech guy complains about the burdens of having so much money at $500k and you guys start jerking each other off. Clowns.

    Pure storage guy is right. Get a life. You actually need to talk to women to get a wife.
    Sep 30, 2018 4
    • Microsoft 6/tjaYTwt4
      What the fuq see you talking about. Stfu and gtfo
      Sep 30, 2018
    • New EVlp62
      But you are proabably in the 40s citibank. Most of my coworkers in theirs 40s have at least 5M saved. OP is in the 20s I think
      Oct 1, 2018
    • Microsoft diaper
      Go away banker. We hate you
      Oct 1, 2018
    • eBay / Eng WFH-today
      OP
      I hope I don’t end up with a million in the bank with nothing to do with it. If you’re saving for a purpose then props to you but I don’t have one.
      Oct 1, 2018
  • Microsoft / Eng Dhxhd
    Dude, early retirement. Look up FIRE
    Sep 30, 2018 1
    • Cisco / IT vzIq77
      This x1000
      Oct 1, 2018
  • Cisco Avr1UsK
    I find nice really people who are in need of money and send them an anonymous (cash) gift.
    Sep 30, 2018 3
    • eBay / Eng WFH-today
      OP
      How do you go about doing that? I have one friend who can't afford college due to an unfortunate family situation, but community college isn't too expensive. Another friend was saddled with debt not even more than 15k but would be saddled with the debt for over 10 years at her savings rate.
      Sep 30, 2018
    • Citibank / R&D whatdabump
      Dude. $500 ain’t shit. That’s a rainy day fund in the bay
      Sep 30, 2018
    • Nielsen / Eng
      SWEMLE

      Nielsen Eng

      PRE
      Google
      SWEMLEmore
      ^ I presume you mean $500k. $500 is a month's worth of very lightly priced dinner.
      Oct 1, 2018
  • Morgan Stanley ninja007
    “What would you do if you didn’t have to work for money?”

    Do that.

    Like someone above said - people get to thinking this typically at the 10-15 year mark, you just got there earlier.

    Being alone also exacerbates the issue. With a wife and a family, 0.5mm is not a lot of backup.
    Oct 1, 2018 0
  • Cisco Djauqbs
    Get into mountaineering and winter sports. It will eat up your money quick.
    Sep 30, 2018 3
    • eBay / Eng WFH-today
      OP
      Got a snowboard and season pass already, quite expensive but still only a couple grand a year, and then the gear can be re-used. I suppose I can start paying for everyone's lodging or something, but then I'd be afraid of setting up a weird dynamic between my friends.
      Sep 30, 2018
    • Cisco Djauqbs
      Think bigger. You got to get into heli-boarding
      Sep 30, 2018
    • Microsoft / Eng gnyfhcrs
      And give you a fun set of challenges to work towards with new friends!
      Apr 11
  • Medallia hFEH36
    You need a woman to fix you up
    Oct 1, 2018 0
  • Oracle Supermusk
    I am going through the same phase. I seek happiness in others’ achievements. Try to influence a few lives eg. contributing to a kid’s education, monitoring the progress etc.
    Oct 1, 2018 0
  • Amazon Pleezz
    Invest,invest and invest more.Start side hustles ,Try you hand at entrepreneurship etc.Damn dude you can do so much.Try to get into the million $$$ league next
    Sep 30, 2018 4
    • Citibank / R&D whatdabump
      Yes. Try driving with Uber and maybe you’ll get there. 🤣🤣🤣
      Sep 30, 2018
    • Microsoft Wahh28
      Yikes. Aren't you embarrassed to post such a low net worth?
      Sep 30, 2018
    • New DuQvV7x
      He isn’t. He’s actually proud of it. And has been posting this in several threads.
      Oct 1, 2018
    • New EVlp62
      You didnt have 500k when you were in mid 20s Citibank. OP is probably 27
      Oct 1, 2018
  • Amazon / Eng Benny Lava
    Find a single mom thst you like and marry her. Win win situation.
    Oct 1, 2018 2
    • eBay / Eng WFH-today
      OP
      Is your mom free this weekend
      Oct 1, 2018
    • Amazon / Eng Benny Lava
      Not really, but your mom said yes.
      Oct 1, 2018
  • Take some time off to travel or medidate and figure it out. Reconnect with all the people that mattered to you in the past.
    Oct 1, 2018 2
    • Juniper Pliny Jr.
      He said he doesn't want to reconnect with his boyfriend any more. He's done with him.
      Oct 1, 2018
    • I meant family and friends.
      Oct 2, 2018
  • Google tGtt04
    Find a job that is interesting. One where you care about what you work on. One where you learn from your coworkers and are pushed to do more. See how much you can achieve!
    Sep 30, 2018 0
  • eBay la-flame
    Become a yoga instructor
    Sep 30, 2018 1
    • Amazon 123raj
      And move to thailand?
      Oct 1, 2018
  • New / Project
    Panneus

    New Project

    PRE
    U.S. Department of the Treasury
    BIO
    Looking to get into FAANG
    Panneusmore
    Travel. That sounds really simple and cliches but if you pick the right places, it can be life changing or at least broaden your perspective on the world. You’ll really understand what #firstworldproblem means. Your TC means you’re in 1% of humanity, the rest 99% get by with so much less.

    I recommend staying in hostels, dorm rooms preferably to just meet people. In terms of countries, Japan and South Africa are pretty neat and culturally unique. Or Europe.
    Oct 2, 2018 0
  • FutureAdvisor / Eng wAvH13
    Take a few minutes to browse https://80000hours.org
    Oct 1, 2018 0
  • Facebook PKyn06
    Get a woman and some hobbies
    Oct 1, 2018 0
  • Juniper Pliny Jr.
    Get a woman. Have your FIRST divorce. Your problems of having too much money will soon take care of itself.

    You think I'm kidding?.. How many SV divorces have I witnessed where $10-$20m estate goes primarily to the masseuse wife and the brood you spawned with her.

    On a more serious note, you could help humanity and poor family members out that are trying to make a go of it. Problem with family members is that once you help them out the first time, SOME of them MAY feel entitled in the future and when you don't help them out they'll treat you like a leper...worse than of you never would have given them money in the first place! I had personal experience with this that the relationship with a cousin devolved to the point that me and her 8 family members don't speak to each other any more. At her height of entitlement, she was asking for $10k+ help for her kid's sport that went nowhere cause the kid lost motivation to continue.

    As for helping humanity, look at old "60 Minutes" videos where they do exposes on great charities that actually DO help. Like that aid ship that sails around Africa medically helping people out. Or those two doctors that go to India and other parts taking cataracts out for free. Or those doctors/aid workers that helped out in Haiti & Puerto Rico. These guys need money and are EFFICIENT with it and do need help with their missions. There's lots you can do that can go a long way with many people. Think how good you'll feel that you're donation helped 5 villagers see again after 20+ years of being legally blind!
    Oct 1, 2018 0
  • Amazon / Eng 咸濕仔
    You don't need to tie down to a place to own a house, you can always rent it out when you move.
    Sep 30, 2018 0
  • Microsoft diaper
    What a douchebag, his problem is he got too much money
    Oct 1, 2018 1
    • Vistaprint GGLQ22
      True that
      Jan 23

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