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A comment on All it takes is for one to work out. Parent comment

Re:All it takes is for one to work out by raw_anon_1111 on Sunday November 30, 2025 @05:13AM (#46095427)
At a young age and knowing I could easily get a job and rebuild? Why not? $200K to get back is a year a two in Silicon Valley just working in a tech company.

By 2010 with a combination of divorce and over investing in real estate before the financial crisis I had a negative net worth of over $200K at 36 years old and absolutely no money in the bank. I really didn’t stress at all. They were just numbers.

I had a job, a home and parents who could help me out a little when needed mostly for unexpected expenses because my credit was also shot by 2013 with 5 foreclosures/short sales.

At 51, remarried for 15 years and grown (step)kids and working remotely, and a lot of other quality of life changes, we are good.

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Re:All it takes is for one to work out by WalterBright on Sunday November 30, 2025 @02:40PM (#46099696)
Going from $200 million to $200 thousand in a few months is a terrifying drop.

No, you cannot make $200m overnight from $200g.

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Re:All it takes is for one to work out by raw_anon_1111 on Sunday November 30, 2025 @02:45PM (#46099735)
The question was whether I would take a chance with my last $200K.
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Re:All it takes is for one to work out by WalterBright on Sunday November 30, 2025 @02:50PM (#46099770)
Musk did. Most wouldn't.
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Re:All it takes is for one to work out by raw_anon_1111 on Sunday November 30, 2025 @03:26PM (#46100077)
Young and knowing your future earning potential? That’s. I different than paying $200K for college. That’s only slightly more than the average new grad makes working at any of the BigTech companies their first year.

What else was he going to do? Hoard it in a High Yield Savings account?

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