Re:Seven tough lessons from ten years in bootstrapped business
by ryanwaggoner on Monday December 03, 2018 @01:14PM
(#18591266)
Combination of a few things :)
1. I have good margin and am profitable, but not enough to cover lifestyle. See below:
2. I have a high cost-of-living, deliberately. I live in NYC, have a kid in private school, and travel a lot.
Now, I fully recognize that I could lower my project risk by living a more austere lifestyle, but I'm comfortable with the tradeoff that I'm currently making.
Of course, I'm still stressed and impatient, but that's more of an internal problem :)
Re:Seven tough lessons from ten years in bootstrapped business
by abalashov on Monday December 03, 2018 @01:28PM
(#18591430)
Yep, that's basically been my boat. I've not lived in a high-cost city per se, but I've always had big sources of personal drag, partly by choice, partly not.
1. I have good margin and am profitable, but not enough to cover lifestyle. See below:
2. I have a high cost-of-living, deliberately. I live in NYC, have a kid in private school, and travel a lot.
Now, I fully recognize that I could lower my project risk by living a more austere lifestyle, but I'm comfortable with the tradeoff that I'm currently making.
Of course, I'm still stressed and impatient, but that's more of an internal problem :)