Hacker Read

hobotime · 2023-06-30 12:41:59

I could have hoarded it for myself by paying myself a higher wage, or I could have fired all my employees and hired my family members.

I suspect this happened more than a few times.

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Yetanfou | karma 2927 | avg karma 2.09 · | 2019-02-27 08:26:59+00:00

Even better, it would have been possible to avoid that spill with that money and you'd probably have enough left over for a healthy profit afterwards.

OGinparadise | karma 1704 | avg karma 2.54 · | 2013-01-18 09:36:19

Nothing new, but every time I put some aside, something happened: I either lost on the market or needed it for unexpected expenses.

(On the bright side I have a paid-off home and minimal living expenses.)

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tslmy | karma 353 | avg karma 2.4 · | 2023-08-12 20:21:39

I wish! I would have made a fortune.

jnbiche | karma 8362 | avg karma 3.44 · | 2018-10-12 07:41:27

That's basically what I did and I ended up with tens of thousands instead of millions (if I had HODLed).

Then again, I've been beset with illness and medical bills, needing to pay for multiple surgeries, so I had little choice.

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Tichy | karma 16300 | avg karma 1.62 · | 2011-09-20 12:06:19+00:00

And I could have been a millionaire.

shakycode | karma 382 | avg karma 5.09 · | 2015-05-24 23:43:38

I was just beginning to make 100k/year. I had the knowledge but was irresponsible with not putting enough away. It was a mistake which I will not incur again.

zifnab06 | karma 255 | avg karma 1.93 · | 2020-01-04 02:14:15+00:00

Or they did what I did - spent it. At the peak I would have had $8 million before taxes had I not turned it into cash to pay for the electricity my CPU was burning to mine it.

Oh well. Good thing I actually enjoy my current job.

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paulkon | karma 158 | avg karma 1.6 · | 2019-06-09 05:35:52+00:00

My deepest sympathies to you and your family.

You mentioned that you exited a few companies you ran. If I may ask, were you able to save any money from the companies you exited?

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khazhoux | karma 8386 | avg karma 4.82 · | 2024-06-03 18:38:09

I used to get upset by things like that, until I realized that everyone(-ish) has a similar story.

Still, it's amazing that for all the hours of work I put in, day in and day out for years, I could have amassed 10x more money if I had just done "nearly nothing" at a couple of key moments.

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cycojesus | karma 715 | avg karma 6.38 · | 2011-03-11 04:50:40

$500 was my monthly salary when I had a job. Today I wish I had $20, I'd eat for a week with that.

I think I fucked up something somewhere...

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thiago_fm | karma 1757 | avg karma 2.55 · | 2019-01-02 10:02:07+00:00

None, I'm quite savvy with money since very young. But I surely did lost a lot of opportunities.

randomopining | karma 367 | avg karma 0.4 · | 2021-08-31 15:42:07

100% the only way this would've paid out is if you stored them and truly forgot them.

If I did this back then, I would've sold in 2012/2013 for like $10 and made a couple hundred/thousand in college and thought I was rich.

Then now I'd prob be neurotically depressed thinking about how I could've had hundreds of mil lol.

It's a blessing dude.

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mjfl | karma 3951 | avg karma 3.12 · | 2024-02-14 02:06:16

I thought I left a spare trillion around here somewhere...

juwo | karma 114 | avg karma 0.22 · | 2007-04-19 02:18:58+00:00

me - or more accurately, my depleted savings did. why?

bombcar | karma 42761 | avg karma 2.58 · | 2024-01-06 08:42:31

I wasn't rich by any stretch of the imagination, but I could have had acquired $500 with a bit of planning in the 90s, and did, multiple times.

cimmanom | karma 2787 | avg karma 1.66 · | 2018-02-22 06:25:59

1) after accumulating savings for several years, put them in the stock market in 2007

2) three years of my life and opportunity cost in a failed startup

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cake | karma 896 | avg karma 3.6 · | 2010-06-03 10:14:02+00:00

At some point in your career you had more money than necessary to cover your basic (or not so basic) needs:

How did you invest it ? (Stocks, saving accounts, startup, house...)

What went wrong ? What would you do instead today ?

What were your best decisions ?

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avgeek23 | karma 5 | avg karma 0.16 · | 2019-10-07 01:05:50

i faced this aswell as everyone around me a the conference was making 2x of what i made each month + stocks and whatnot.

mistermann | karma 4634 | avg karma 0.56 · | 2015-11-04 18:21:00+00:00

I did the same but decided to blow it all up in the stock market. :(