Rules: you can't buy assets/investments, the goal is to understand how HN folks would invest in themselves (via courses, training, experience, tools or whatever) that will allow them to be able to earn/generate the highest possible income in their future
You can spend relatively small amounts of money that will improve your own productivity but your future earnings are very much limited by your own abilities.
Imagine this: you hire one UX designer, one marketeer and one dev guy (not in the US but in The Netherlands you could do this). You yourself oversee their projects and learn from all their skills. Even if you lose $40K per year, that's okay because you'd pay that money anyway for education.
It doesn't have to be one UX designer, one marketeer and one dev guy either. You can also think of other things that you might want to learn that synergize well with each other.
@OP: if by any chance you go through with a variation of this idea, feel free to shoot me an email. I'm curious how it would play out. Also, in certain cases I'd love to be the dev guy :)
Email is in profile.
I think I would do something similar (or pay for help with a side hustle to work on alongside investing in myself through course/deliberate practice). I am not sure which areas I would focus on though.
If I ever get my hands on $200k, I will hit you up!
Exactly. I thought it would be an interesting framing to see how people would invest in their own abilities. Specifically I was interested in what areas HN folk think it would be worth improving their abilities in
2. learn sales. get into a saas sales role.
3. build income stream number 2 while employed.
4. once earnjng 2.5x of my salary on my side hustle, quit the job and double down on my biz.
5. i dont know yet, i havent planned that far yet.
Next, I would:
- buy / do things that improve your sleep
- physical therapy (to learn proper way to carry your body)
- gym membership
- hire someone to declutter your home
- go on a non-extravagant trip to a destination that is wildly different than what you're used to
- buy an instrument and take music lessons
I like the focus on health/sleep too - thanks for the response
So you'd be best off finding a mentor and then using the 200k as your "learning" money.
I was more trying to frame it in a way to understand the areas of ability/experience that HN folk think will be lucrative to get good at for the future.
I like the mentor idea! Thanks for the response
If I ever get my hands on $200k I will let you know how I get on!