[motohagiography]

First quesiton is: is it savings or windfall? This determines your risk profile. Savings, you can make over again because you've already made $600k once the hardest way possible. Windfall, thank lucky stars and secure that shit.

I'd wonder why leveraging it to buy or build a duplex or triplex in a city on the obvious list? The key thing is to tie it up so that it doesn't make you lazy. My wealthy friends are getting the F out of cash because of its rapidly diminishing purchasing power. There's no way out of what's going on at a macro level without inflation and high interest rates, so anything that returns better than -8% yoy is going to be better.

Having that net worth also means you can be super aggressive with hunting for gigs because you can afford to say 'no' to anything less than $200k+ if you are in US/CAN market. Even though it's not a lot of money from a wealth perspective, (you're on the second bottom rung of a very tall ladder) from a job hunting perspective, you have FU money so long as you don't spend it. You can take a passion project for a non-profit and moonlight with another contract part time and if either of them don't like it you can walk.

You also have accredited investor status, so you can take flyers of as little as 20-30k participating in seed rounds, which pops you out of being just another dev and now you're an investor with depth on the tech, which is a whole new game. If you're contracting and your triplex mortgage is covered by your tenants, you can afford do a couple of these seed rounds a year.

The only way anyone makes real money is with leverage, and the duplex is low risk secured leverage. At the other end of the spectrum, you could just put it into a robinhood account and buy stonks and hang out on WSB, but post-pandemic govts with their own currencies don't need good markets or economies to stay in power anymore, and inflationary policies are about impoverishing people, so they benefit from destroying the markets. This is handwavy, but I take insight over advice any day.

If you understand the difference between the real and the represented, you can live like an actual king for very little money. Suffice it to say that nothing makes you poorer than trying to be middle class, as by definition, poverty is when you don't value what you have. Frugality is bargaining with a universe that doesn't care, and the thing about the greatest pleasures is they are always worth it by a significant multiple. This is to say, don't spend a penny on yourself until you know the person you are spending it on will appreciate it, and you have read the stoics, imo.

[pedrosorio]

> it's not a lot of money from a wealth perspective, (you're on the second bottom rung of a very tall ladder)

What is this referencing?

[motohagiography]

A Pareto distribution. It's a lot of cash for someone who works for a salary, but as capital that generates income it's less than a lot of franchise fees and unencumbered capital requirements. e.g. to start a Krispy Kreme donut shop, you'd need about $1.5m in cash. You can buy into smaller franchises for much less, with 2-3x leverage, you might be able to do a Starbucks. Myself included, it's important to feel a bit of humility when sitting in someones starbucks location with a laptop while pontificating about entreprenurship.

[pedrosorio]

> you're on the second bottom rung of a very tall ladder

> A Pareto distribution

I'm not following. Pareto distributions don't have "rungs". Who defines the rungs of the ladder? Why is $600k the second bottom rung?

[motohagiography]

They do not. I'm trying to find a simile that will facilitate the perspective that the size of the number and the goal of making a living from it is more meaningful when you compare it against the amount of capital that people typically use to make a living from investments.

For concrete thinkers: people who live off investments usually need more than $600k, so the question is how to use that money to grow it into an amount similar to what said people live off.