Replying to Avatar HODL

Wealth is important and necessary, but I’ve met far too many rich people who are unhappy.

Usually because in the pursuit of wealth they neglected their health or relationships. Sometimes both.

You should strive to max all three of these variables as best you can.

If I was to give life advice to someone just starting out in life, I’d say prioritize your health in middle school, high school and college. Focus on eating right and getting in amazing shape. You’ll build the habits that will carry you through the rest of your life and you’ll look your best during the years when dating and sex matter a lot. Providing you more ability to find a high quality life partner, because long term high trust relationships are crucial for sustained happiness contentment etc…

Then in early adulthood go hard on the pursuit of wealth. Your twenties are the time to work your ass off and put yourself in position to own your time down the line. Better to give up 5-10 years now and own the next 30, rather than goof off in your twenties and end up stuck as a wage slave for 30 years. Save and invest aggressively, take risks, embrace sacrifice. Allow your peers to make fun of you, knowing you have a plan. Let compounding work for you.

Retire in your 30’s sometime around the time you’re starting your family and spend the rest of your life devoted to your kids, spouse and interests. Refocusing all efforts on health and happiness. Don’t take a single action unless it brings you more in either of those dimensions, while simultaneously tending to and growing the wealth you built up to this point.

People think for whatever reason that this sort of life path is not attainable, but it’s very much within the reach of the average college educated westerner. Most just have a defeatist mindset, which ultimately lead them in the wrong direction.

I was always driven to make money and save since I was 10. My biggest win in life wasn't making a financial profit on Bitcoin. A lot of people think it is, but they're completely wrong.

It was realizing I had enough wealth by 37 to stop focusing on obtaining more wealth, and focus 100% on my health, wife, and kids. I had the time to do that without trying to make more money.

Money no longer motivates me, and I love it. I'm a better person. I look at rich people with 1000x what I have and wonder why they still want to make more money. It's completely unrelated.

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I think the money itself plays a big part. How are you ever supposed to feel secure with money that loses 10% of its value a year? No matter how much money you have, that will weigh on you.

There is also a culture of constant peacocking where everybody wants to be able to one up the guy next to them. I again think this is the result of bad money, because so much of storing value in a fiat system is attributed to being “smart” or “making investment moves” rather than simple saving and working hard at a humble profession.

The last point I’ll add is that 99.9% of people simply aren’t built to be capable of achieving Bezos levels of wealth, and certainly would not enjoy trying. It takes a true psycho who is willing to sacrifice everything for their business or careers to make it to the absolute top, and for most people that is not in their nature. There is a ton of suffering in not realizing this in time and still chasing that type of life even if it is not naturally your path.

(I’m part of the 99.9% btw)

*meant to say completely unrelatable*