Only Intrinsic Motivation Lasts (2019)
dvassallo.medium.com
dvassallo.medium.com
This sounds pretty wild, given $511K/y last year.
I don't want to sound bitter about it, but I am a sole provider for a family of 5, and I guess I could _retire_ after two years of these earnings.
To be clear: You really couldn't. After tax that's probably more like, what, 300k depending on where you live. Family of five, you could save, what, 250k optimistically? Which means 500k in two years. And you cannot retire on 500k.
But, say, 10 years? That's doable depending on your expected income in retirement. Which is, admittedly, still pretty damn good...
Not everyone lives in US, and I would not be starting from scratch, unlike what author suggests :)
You'd also be sacrificing a lot with time with your family. Your marriage will get tested. You'll miss out on some things with your kids growing up. If the stress is severe enough that it changes how you would habitually relate to your family (getting crankier, for example), that is the kind of dad you will be remembered by your kids. The question is if on your deathbed, looking back at how it all played out, that the sacrifice was worth it.
I don't think there is a universally right or wrong choice in this. The emotional toll of not having enough to support your family and being in a soul-sucking job is worse.
https://dvassallo.medium.com/from-employee-to-bootstrapper-9...
His class costs $375.
It seems reasonable that he has 600 sales in a year.
I went to his Twitter/website and the course is well marketed. But it's disqualifying to me that he's not building something else.
Feel free to share your experience and beliefs, but please don't act like this is science and you're some kind of authority. You have no idea if you'll even still agree with yourself in another decade. I know for damn sure I no longer believe life has the same purpose for me I thought it did when I was 30.
I’d suspect there’s a correlation between this behavior and quick IC SWE promotion at big companies.
It was quite edifying though.
Certainly intrinsic motivation is the more likely to last compared to extrinsic. But, I think there is a lot of selection bias when we choose to claim which is which.
And there is a lot of ignoring what having the ability to take a risk has. Stability and safety can help most anything last.
Oh so this guy is starting a company. Is there any chance that perhaps he cannot afford to pay people $500k like he was making. Now I guess he has some intrinsic motivation to promote lower pay so he can hire people to work for him cheap.