Getting By on $1m a Year

I agree that your gross income (or revenue if you want to apply this story to your business) doesn't mean much. To get ahead in life, (thinking medium-term here) you have to augment your income (earn more) while reducing your spending - basically that's a cash flow story and you can apply the same concept to your startup, or to your personal life. Feel a bit sorry for the guy though, and never thought I would be saying that - thanks for the article!

To me the most interesting thing about his life is the fact that the bulk of his life/spending decisions are based on the needs or perceived needs of others (his wife, kids, other partners at his firm). The guy has basically been enslaved by other people's perceptions of him. I wonder what would happen if he lost his job...

wow, exactly how i never want/will think like. i didn't know what to expect with that subject line, but it really lived up.

outside of the joys of the startup adventure, i think bootstrapping teaches you some valuable life lessons. it really allows you to put things into perspective. you develop great habits. you figure out what actually matters. more than anything, i've learned how to not spend money...

The moral of the story: it's not the gross revenue that makes you rich.

Thanks for posting this. Reminds me where not to head.

This is just sickening.