Why do you want to make more and more money ?

Google / Eng weekends
Sep 16, 2017 88 Comments

It seems everyone just wants more and more money. I don't have anything against it. However, I myself get very confused as to what my reasons are towards killing myself for it. While I do make a decent living as of now, I don't know if I should aim for more.

My aim in life is to live a simple, healthy life and close to family and friends. If your aim is to have 4-5 international vacations a year in lavish place, buy a house on the hills, well then more power to you.

Amongst people that seem to have similar goals as me and approximately similar income (200-400k) some common reasons behind chasing money and the fallacies that I find in them are (FYI, I am an immigrant, 27 and unmarried):

Happier family : money does help with happiness to a certain extent. However, it feels that if you have an understanding spouse, one can be happy amongst themselves with the decent living that most of us make. Some people might have expensive spouses.

Kids and education: It feels like if your kids turn out okay, you wouldn't have needed to save a lot of money. If your kids don't turn out okay, it doesn't matter how much you save, it will always be less (unless you literally have > 10M or so to throw your money wherever). Is this situation is what people are betting against ?

Housing: well this is tricky. Housing is definitely important, but the more everyone chases it, the more it gets out of everyone's hand. Moreover, my belief is owning a house is a dream sold to people by corporate world in order to keep the wheels moving.

Health: if you are reading this, you probably have an health insurance.

Recession/Apocalypse: is the idea to make hay while the sun shines ? I feel this was applicable literally in the world where you had to make hay to live, not in modern world. And if it's Apocalypse, well then, everyone will die.

Money is a reflection that you have created value : Yes, but people who actually believe in that don't chase money and not worry about whether they can make 20k more by switching jobs.

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TOP 88 Comments
  • Uber / Eng Darius
    Because my life is empty and lacks any semblance of value. Equating my worth to a dollar sign and seeing that number increase is the only thing that makes me feel worthwhile.
    Sep 16, 2017 5
    • Roku kkUA10
      This is the most profound statement I have seen till date on blind. Thanks for making my day.
      Sep 16, 2017
    • Uber / Other
      Purse

      Uber Other

      PRE
      Apple
      Pursemore
      I agree with Darius 100%.
      Sep 16, 2017
    • Microsoft Facts
      Darius the great! The Akkadians send their regards
      Sep 16, 2017
    • Asure Software aqec74
      Pretty much
      Sep 16, 2017
    • Microsoft / Eng
      El Boracho

      Microsoft Eng

      BIO
      Oh what a cocky son of a bitch. You'd love working for me.
      El Borachomore
      This is my reason. Not even kidding.
      Sep 16, 2017
  • Nextdoor officespa
    Because I’m bored and don’t have anything interesting to do. I use money as a scoreboard to create an artificial game that doesn’t mean anything to anyone but me.
    Sep 16, 2017 0
  • Microsoft HGqw60
    'Kids turn out ok', what does that mean?

    But let's pick on the kid thing for a second... 4yr college w room & board @ decent (not great) school in about 5 years from now, will run about 60-75k/year... if you're making 300k/yr ur kid wont get any need based assistance... so, you'll need 250-300k in cash to put 1 kid through school... if u have 2 kids, double that... so, u still need to ask why 300k/year may not be enough to thrive for?

    Also, not everyone want to drive a corolla all their life, especially if the spend 2-3 hrs/day driving...
    Sep 16, 2017 12
    • Salesforce / Eng
      Force.com

      Salesforce Eng

      PRE
      Amazon
      BIO
      Distributed systems, algorithms and just writing good software
      Force.commore
      Again the question is about saving so much (at cost of this never ending rat race) to be able pay all of your kids education. I am happy with what I make. I would rather let them earn it, while proving the minimal means. I did it with 0 financial support from parents, they can do the same 😀
      Sep 16, 2017
    • Microsoft HGqw60
      Let me know how u fell when u have kids & when time comes to pay for tuition (elementary - college)
      Sep 16, 2017
    • New LaVM
      Hate to break it to you, but most private universities are already well above 60k a year, by the time OP has a kid... we can VERY conservatively bump that number to 100k a year before housing.
      Sep 16, 2017
    • Intel kryanbirza
      OP is dumb. Berkeley is a top uni and everything goes well if the kid gets in there. However what happens if the kid gets rejected by berkeley but the next best college for education is somehwere like cornell or even northwestern? Dont tell me college ranking doesnt matter. It doesnt matter cause we are in tech and tech industry usually just hires you if you are good enough. But to go into wall street? Its a different story. How about going to a law school? They heavily depends on how good of an undergrad you went to. OP is just so naive
      Oct 3, 2017
    • Google oioioioio
      I just graduated a few years ago from a university in CA and only had $10k in debt. Parents told me since age 12 that I would need to figure out how to pay for college myself because they can’t afford it. It made me super resourceful and it was like having an internship in being an entrepreneur of my own life to figure that out. Really valuable learning experience and I would suggest all parents tell their kids they need to pay for it. Maybe just have a backup plan to help bail them out if they get really in over their head.
      Dec 5, 2018
  • Intel snowyInCA?
    It's not what u make. It's what you keep, (and how you grow the savings). I try to focus on the latter and just enjoy what I do have.
    Sep 16, 2017 2
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      BIO
      Mehy
      XPbr65more
      Granted.

      But if you keep a lot of what you make, what drives you to keep making (and thus keeping) more.

      Do you have an exit condition to the make/keep loop?
      Sep 17, 2017
    • Intel snowyInCA?
      Good q. I have very specific numbers for specific major expenses - kids edu, kids wedding, retirement general expenses, health care in old age and taking care of parents/family. Of course, traveling the world before and during retirement. Numbers may change depending on how the situation changes, but atleast I have written down goals for each category
      Sep 17, 2017
  • Amazon / Eng qwertyio
    By making more money I can buy other investments. As the only one in my family that "made it" I am everyone's retirement plan or they are going to have a rough life. If they were in the same position as me they'd do the same thing. My plan is to buy houses and have them refurbish and manage them. These are Midwest houses and they are real cheap so we can get a lot of them.

    My personal goal is to be a Principal Engineer and be able to impact what amounts to huge swaths of the internet.

    I am very goal oriented, if I don't have a direction to point the ship in, I'll start feeling useless and stagnated. Also all this money gives me incredible freedom. Feeling stressed out? I'll take a week or two and go to Europe or the Caribbean. Feeling bored? I'll sign up for scuba classes.

    It's all about flexibility.
    Sep 16, 2017 7
    • Google / Eng weekends
      OP
      That was very honest, thanks.
      Sep 16, 2017
    • Amazon / Eng qwertyio
      I love other people's views and data points on these kinds of things
      Sep 16, 2017
    • Epic / Eng
      KHCx54

      Epic Eng

      BIO
      looking for a software developer role
      KHCx54more
      Any advice on getting an interview at Amazon?
      Sep 16, 2017
    • Amazon / Eng qwertyio
      Send me a PM with your experience and skill set
      Sep 16, 2017
    • Epic / Eng
      KHCx54

      Epic Eng

      BIO
      looking for a software developer role
      KHCx54more
      Would you be able to start the pm?
      Sep 16, 2017
  • Microsoft AdaLove
    You can say that because you earn between 200 and 400. And you call that decent living. Haha! You are part of that privileged 5% of the richest people in the world. Right, why would you care about money if it comes easy to you (and most software engineers). I would like to see if you had such a liberal thinking with a 40k/yr job and family to feed. And please stop calling 200-400k a "decent" salary.
    Sep 16, 2017 4
    • Google / Eng weekends
      OP
      Wait, so you shame people making 200k and think they aren't making enough, and you also shame people making 200k who question the money making race. With the same argument. Is that all you know ?
      Sep 16, 2017
    • Google / Eng weekends
      OP
      Also, it's clear you didn't understand the question. I would ask you to only reply after you have spent some time trying to understand the question​.
      Sep 16, 2017
    • Microsoft AdaLove
      I am not shaming anyone. I am answering your message and I am just saying you are in a very comfortable position to say "Oh! I don't care about money! There are other things in life...etc" It is easy to say that when you are making much more than most. I just think someway you want to show you are cool and liberal and don't care about money but you really do and need to know that others care, too. I find your message somewhat insulting to most people that make actually a decent salary.
      Sep 16, 2017
    • Google / Eng weekends
      OP
      You are partly right. I only care about money to the extent that I live comfortably and I am okay with a reasonable amount of uncertainty in my life. However, I see people with similar dreams as of me, making much more money and still chasing more. It feels like they want to remove all uncertainties from their life. I wanted to see what sort of uncertainty are they most worried about.
      I don't want to get into a debate about people making 40k. I understand their life is hard. Let's just keep it at that.
      Sep 16, 2017
  • Genentech Durian
    I grew up poor, and while that doesn't directly make you unhappy, it takes away your choices. Being rich comes with other problems, but if you want to quit your job, or move, or get medical treatment, or go meditate in nepal, it enables you to try these things where you might otherwise be trapped in a prison of your life. For most I think the goal is to have enough that you have that freedom for the rest of your life.
    Sep 16, 2017 2
    • Google / Eng weekends
      OP
      Could you not do those activities with the money you make now ? Would 50k extra next year make a lot of difference to that ?
      Sep 16, 2017
    • Genentech Durian
      I could today, or next year, but I, at least don't have the equity/savings to do that forever, and I don't assume that I'll make this much guaranteed for life. Once you have a decent amount built up coasting in comfort is perfectly reasonable.
      Sep 16, 2017
  • Google Noogler69
    Because California is in liberal America, where we believe that religious people are stupid, and getting married and having kids is some combination of selfish (since the world is overpopulated anyway) and a stupid life choice (since your kids might not get into Stanford, in which case they'll just be a waste of money that disappoints you for life, and they'll retaliate against your high-pressure parenting by putting you in a snake pit nursing home when you're too old to be a software engineer anymore). That leaves acquiring more toys than your neighbors as the only thing you can do in life that provides any satisfaction. For better or worse, everything in America has a price tag.
    Sep 16, 2017 1
    • Facebook Humgo
      Get off your soap box
      Sep 16, 2017
  • Microsoft lol1
    Early retirement is the goal
    Sep 16, 2017 0
  • Microsoft WiseKid
    I have been thinking about making money lately. Motivation? I want to quit working and play dota all day. I don't want to work but I need to pay bills and also I want to drive a lamborgini and live in a mansion. This is my motivation.
    Sep 16, 2017 5
    • Amazon / Eng qwertyio
      You should probably learn to spell Lamborghini first, or pick something a little easier. Lotus maybe? Jaguar?
      Sep 16, 2017
    • Amazon / Eng qwertyio
      Just busting your balls.
      Sep 16, 2017
    • Microsoft WiseKid
      Can't settle for anything less than a lamborgini.
      Sep 17, 2017
    • Visa / Eng YovanKichi
      I strongly recommend Dream Racing in Vegas. 600-700$ for 2 exotic cars (Ferrari, Porsche, Lambo, Mclaren) etc 5 laps each around the infield track of the LV speedway.
      Sep 17, 2017
    • Microsoft WiseKid
      Thanks guys :)
      Sep 17, 2017
  • New XY2000
    Within America, it's always about more. Regardless income, spending and savings always adjust to their income. Most people save at what their employer matches on their 401(k)'s. They talk big, and maybe some investment properties and various investment vehicles, but most Americans manage debt. Moreover, their slavery to it. Like I said, they talk big. They say they make from $90-160k a year, but after taxes, after life, expenses and taxes, some of the most impressive $30k millionaires because they live in a $500k joint, two or three cars and going to some big resort on plastic. Living the dream...
    Sep 19, 2017 3
    • Gen!x / Eng
      ixptl12

      Gen!x Eng

      PRE
      startups, JPMorgan Chase
      BIO
      ¯\_(ツ)_/¯
      ixptl12more
      Is it just me or are these “stream of consciousness” types posts barely intelligible.

      Figure out exactly what you want to say. Then say it!

      #brevityIsKing #clarityIsQueen
      Sep 19, 2017
    • Google / Eng world's
      This is expected. Clarity and brevity are learned skill. Moresoever, people aren't sure of themselves as you might think.
      Sep 19, 2017
    • Gen!x / Eng
      ixptl12

      Gen!x Eng

      PRE
      startups, JPMorgan Chase
      BIO
      ¯\_(ツ)_/¯
      ixptl12more
      These “talents” that can’t express a cogent thought are supposed to be the masters of the universe. smdh
      Sep 20, 2017
  • Gen!x / Eng
    ixptl12

    Gen!x Eng

    PRE
    startups, JPMorgan Chase
    BIO
    ¯\_(ツ)_/¯
    ixptl12more
    Perhaps a bit of a different perspective.

    TL; DR - I don’t

    I’m 40, FI, midwesterner, never been paid more than $140k a year, 20 years of crazy hustle to get FI documented here: https://us.teamblind.com/s/BJvdrBjZ
    (It’s easy to find. Longest post by far. And worth the read to set the context for below.)

    I set a goal and worked my butt of to get there. And then I took my foot off the gas to pursue what I enjoy. Ironically it’s (currently) more work and more money (flipping RE), but if/when it crashes I would still do it (nobody swings a sledgehammer better than moi).

    That’s my way of saying, set a goal, hit that goal and then realign your focus. Doesn’t have to mean less work. I don’t have it in my DNA to couch surf and eat bon-bons but I’ve gotten myself to a position where it’s an (unhealthy) option.

    Few people are lucky enough like us (IT workers) to realistically retire at 40 without a drastically reduced lifestyle. Yet, relatively few do.

    For me, specific items you mentioned:
    Happiness - once I reached my FI goal, this plateaued. I guess it’s less about happiness as much as security.
    Housing - very important especially in OH winter. IMHO. Once you pay off your mortgage though and that second lake house, it’s done.
    Health - ACA made retirement an option for me. I have pre-existing conditions (I’m not inviting political opinion on this one).
    Recession - I’ve lived through 2 big ones. Escaped with $5k net worth after the first and it drove my FI goals. The point is financial security. Remember, recessions tend to hit equities and drive up the relative purchase power of cash and bonds. Was prepared for the carnage of ‘08.
    Apocalypse - hope I’m dead by then, unless it’s a zombie apocalypse. I’d like to see if I’ve learned survival skills watching gobs of Netflix.

    Do your thing. Hit your goal. GTFO. I once had a colleague die at his desk and got a conf. room named after him. Fuck that.

    Seriously.
    Sep 16, 2017 0
  • New LaVM
    When you grow up with nothing and are intimately acquainted with what actual poverty is, you run fast and hard, and sell pieces of yourself a bit at a time in hopes to never see it again.

    No, there is never enough once you have that fear deeply embedded in who you are as a person. It motivates each step for the rest of your life.

    Also with capital comes influence, and if you're a hopeless romantic and think you may one day change the world, you realize that you'll need an endless supply of capital to achieve those dreams.

    I want to make an offensive sum of money. Truly offensive. In turn, I will be putting up a charter school in every forgotten corner in every impoverished neighborhood in NYC. I'm gonna need a shit ton of money.

    Trying to be Bloomberg. One dollar at a time. 😘
    Sep 16, 2017 0
  • CoreLogic / Product
    ::::

    CoreLogic Product

    BIO
    Product Manager
    ::::more
    To create greater stability, buy a normal god damn house, pay off my god damn student loans and eat everygoddamnthing I see on my Instagram feed. God damn am I right?
    Sep 16, 2017 0
  • This comment was deleted by original commenter.

    • Nextdoor officespa
      What kind of luxury did you partake in?
      Sep 16, 2017
    • Nextdoor officespa
      On a Kapersky salary? 😳

      Also what made you realize it wasn’t worth it?
      Sep 16, 2017
    • Nextdoor officespa
      Great to have at least experienced it. 7 series is not cheap!
      Sep 16, 2017
  • Genentech Durian
    There's also a pretty ridiculous skew in this forum/tech. The average salary for a 25-34 year old in this country is $40k. Anyone in here could probably go live a fairly comfortable life in middle america right now if they chose.
    Sep 16, 2017 2
    • New LaVM
      They could. But then they can no longer make the $200k they make today. Bc bumblefuck Idaho doesn't have jobs that pay $200k a year.
      Sep 16, 2017
    • Genentech Durian
      Sure but once you've built up a decent net worth and paid off debts etc, in response to the OPs point, you can go make 100-120 and live low stress with a high quality of life and family if that's your whole goal.
      Sep 16, 2017
  • Intel 0Entropy
    "This wise man observed that wealth is a tool of freedom. But the pursuit of wealth is the way to slavery" - Frank Herbert
    Sep 18, 2017 0
  • CorVel / Eng
    ICuX28

    CorVel Eng

    BIO
    Just a wannabe python dev in a MSFT world
    ICuX28more
    Because you never know what can happen tomorrow. Ones salary is just one stream of income one should have. Limiting spending and becoming more valuable and diversifying income streams makes the most sense. So maximize the earning you can do and join the firm that pays you the most AND you believe in.
    Sep 16, 2017 0
  • Checkr / Eng 💰bag
    I am simply looking to achieve true financial freedom. Money is not the end goal per say. It will however enable me to work on whatever I want, whenever I want.

    To be able to know exactly what I truly want to do in life, I need enough money to stop worrying or thinking about said money, to be able to just stop working anytime, try some new things and learn some new skills or follow some other passions that could be expensive or simply not bringing in any cash.

    Coding is not a passion for me, solving problems is, but I believe I have to go through a few years of coding before finding other ways to solve problems at a higher level rather than sitting in front of a black screen 11 hours a day.
    Sep 16, 2017 5
    • Google / Eng weekends
      OP
      Thanks, money as an enabler is a good point. However would you agree that after a certain point, it stops adding much value to the aim ? And that point isn't too hard to achieve for most of us in Tech ?
      Sep 16, 2017
    • Checkr / Eng 💰bag
      Certainly achievable here but the idea is to reach it as fast as possible.
      Sep 16, 2017
    • Nextdoor officespa
      Will Checkr get you there? 🤔
      Sep 16, 2017
    • Checkr / Eng 💰bag
      Most likely not, or at least not as fast as I would like to before burning out.
      Hopefully get me to a place where I can start different projects and play the big VC game and raise money (taking money off the table) and eventually exit. Or simply work for big companies with sizeable total compensation packages. Cryptocurrencies might also help a little bit 🤔. We shall see
      Sep 16, 2017
    • Nextdoor officespa
      Wishing you luck! I support your dream. The trick is achieving it while not losing your sense of humanity.
      Sep 16, 2017
  • Microsoft yMcg47
    I want money because i hate my job. I like the work, but i hate the job and the people... no matter how much you like digging, digging aimlessly sucks.

    The soooner i have "more money," the sooner i can quit my job.

    Even with 400k salary, you would need to work 10 years to be able to quit.... sad isn't it?
    Sep 17, 2017 4
    • Google Noogler69
      "Need"
      Sep 17, 2017
    • Microsoft yMcg47
      Well at 400k, your take home is probably just over 200. After living expenses, saving is around 200. 10 years gets you 2 mil. Just enough for a single person to retire comfortably
      Sep 17, 2017
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      BIO
      Mehy
      XPbr65more
      There's so much wrong with this, touching it will cause so much angst and butthurt...

      Perhaps a new thread about how people making $400k can barely afford to retire?
      Sep 17, 2017
    • Microsoft yMcg47
      No we should not
      Sep 17, 2017

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