Also why people work part time and spend their off time painting or playing music. Be poor but have time to work on what you care about.
Edit: Grammar
Also why people work part time and spend their off time painting or playing music. Be poor but have time to work on what you care about.
Edit: Grammar
Some of my college classmates went down this route, and while the numbers can theoretically work out (these are uber-smart math/science/engineering folks), I've never seen a single person exit successfully from this game and then unicorn it. The main reason seems to be that they can't fight off the inevitable lifestyle inflation that comes with being in such a social circle. The last I heard from one guy, he was paying almost $10,000 a month to maintain two apartments in Manhattan ...
Speaking of what I've done myself, I've found a combination of the two seem more likely to succeed. By limiting my resource requirements(cheap rent etc), which I may have focused on too much on the past, and increasing my skills(and pay rate), which I spend more energy on these days, I can spend a continually reducing portion of my time on the things I don't want to do.
Thanks for the interesting article btw.
In fact quite some people who I see getting into finance jobs with the "getting-enough-money" mentality often end up miserably. Without any love for their jobs, then no wonder.