One thing that helped me was to think of my salary as "buying time". If you make $60K but live on $20K, then each hour you work buys you two hours of startup time. If you make $100K but live on $40K, each hour you work buys you an hour and a half. Shows you how important it is to get your living expenses down.
Another thing that helps is to live like your least-successful classmates while working like your most-successful classmates. I have English-major friends who graduated, couldn't get a job, took a string of temp jobs and secretarial positions, spent as much time on unemployment as off, rarely had money to spend, and went back home to live with their parents. So, I went back home to live with my parents, rarely spent any money, and worked at a financial software startup. I pocket the difference between a Starbucks salary and a financial software salary. That's given me about 4 years living expenses to work with, even assuming I were to move out of my parents.
I think some of your previous comments (e.g. virality) could be turned into their own blog posts. I think throwing a comment out into the News.YC slipstream is a good way to see if you're writing yet another echo-chamber/me-too mini essay (which is probably what you don't want to do)
http://www.tonywright.com/2008/half-assed-startup-how-to-sta...