michaelsullivan comments on Saving for the long term - Less Wrong

7 Post author: adamzerner 24 February 2015 03:33AM

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Comment author: adamzerner 24 February 2015 11:55:37PM 0 points [-]

It's clear if you plan to live a reasonably frugal lifestyle working a normal job you can save up a substantial nest-egg in 10-20 years to float you indefinitely if you're only a little bit lucky, probably requiring a lot less luck than hoping you strike gold on a startup.

True. The way I see it, the benefit to that is the marginal increase in retirement safety. And the cost is the forgone opportunity of doing something important in those 10-20 years. What do you think of those trade offs? In particular, I'm currently thinking that there's already a really high chance that I can retire comfortably because of 1, 2 and 3.

Comment author: michaelsullivan 26 February 2015 04:18:36AM -1 points [-]

In a relatively healthy economy, to a first approximation in the medium and long term, the amount of money you make approximates how much good you are doing. As a liberal, I'll be the first to say that this has a lot of flaws as a benchmark, but in general, if you cannot find people willing to pay for, or donate to support what you are doing without you having to live on ramen forever, there has to be some question about whether what you are doing is providing value to the world comparable to a standard job in tech, finance, sales or a professional discipline, as long as you are moderately careful about who you work for in the latter cases.