If you earned more than 500k a year and had a paid off house, how materialistic would you be?
Jun 6, 2020
25 Comments
- no intention of retiring early
- good amount saved up for retirement and kids education
- don't want to be too materialistic because all those are shallow joys and bad for the planet
- don't you sometimes get the feeling, "who or what am I earning for?"
- one could probably spend on travel but that could be done even if one earns significantly less.
comments
That growth might even lead to you earning more money down the road. But obviously don’t worry about that now.
You can get that down if you don't need them full time.
If you can get your capital gains over your expenses, you can go do whatever you want. That might still be work, but you can work on whatever you want.
You can leverage your financial security to take risks and do things that are less profitable but more fulfilling.
Have an idea for a cool product? Quit and build it. If it works out, amazing, if not, who cares.
Your friend has a startup idea that you think is cool? Do it.
Have a charitable cause you're really passionate about? Dive into it. Start a nonprofit or join someone else's, who cares that you can't pull $500k/yr out of it, you don't need the money anyway.
Have a research idea? Do it. Want to go get a PhD in some niche field? Do it.
If you're really as happy at your job as you would be anywhere else? Stay, sure, maybe get involved with philanthropy. The point is that you can position yourself to have no constraints.