Re:Ask HN: How Much Money is Enough... What's your Number?
by donw on Sunday August 09, 2009 @11:08PM
(#751822)
I wish I could speak from experience, but I've noticed that the more I make the less I actually spend. When I was a bit younger, I wanted expensive cars, expensive clothes, high-end restaurants... sunk myself into quite a bit of debt chasing after all of that.
Now? A small, comfortable place to live, a kitchen, the ability to travel, and tools to tinker with and fix things is all I really want. And I make a lot more now than I did then.
Weird, I know. :)
I'd be pretty pleased with a couple million; more than that is just something to invest in interesting ideas.
5x earnings for a company you'd like to take an exit from sounds like a plan to me.
Speaking from an experience - "the way you want" criteria will change immediately after you start living the way you (currently) want. It doesn't mean that a kilo of caviar will suddenly become a desirable breakfast item, but things like a custom-designed home in a great location will pop up on a wanted list, or an expensive hobby, or an intention to provide similar lifestyle to the parents and relatives, etc.
The more you have, the bigger the dream is.