4.9 β’ 606 Ratings
ποΈ 26 January 2022
β±οΈ 51 minutes
ποΈ Recording | iTunes | RSS
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0:00.0 | What's up everybody? This is Cortland from AndyHackers.com and you're listening to the |
0:11.1 | EndieHackers podcast. More people than ever are building cool stuff online and making a lot |
0:15.6 | of money in the process. And on this show, I sit down with these endy hackers to discuss the |
0:19.3 | ideas, the opportunities and the strategies they're taking advantage, so the rest of us can do the same. |
0:29.6 | This is part two of my conversation with Peter Levels. |
0:32.6 | If you miss the first part, that's cool. Just go back to last week's episode, |
0:35.6 | where we talked about Peter's companies, Remote OK, and's cool. Just go back to last week's episode where we talked about Peter's company's remote OK and rebase. |
0:44.7 | Let's talk about money. |
0:46.1 | Tyler Tringis asked this. He's like a good example of someone who's moved to Mexico. |
0:49.2 | Yeah, I know him. |
0:49.9 | He's in Mexico City. He's all about Mexico City. He's like, Mexico City's pretty cool. I've |
0:53.6 | been down to his conference down there. But he wanted to know, like, how you're handling investment in money now that your projects are making like three, four million dollars a year or something. And I'm just curious, like more from like a broader, like psychological aspect, our perspective, too. You know, you ask people on Twitter, like, what should we talk about? And a lot of the questions were like, are you happy? You know, like, does money make you happy? Or what do you know about happiness now that you've like had these successful projects, right? And like, I look at you and you're like, okay, I'm carrying my laptop around in like a grocery store bag. So I don't know, like what is not how I imagine my life. What is your relationship to money now? |
1:30.1 | Yes, I think it's very interesting because I remember in the student days I was making like |
1:33.9 | 300 or 400 dollars a month and now much more. |
1:38.3 | So we talked a little bit about this on DM too. |
1:41.0 | Like I think almost this is also a touch topic, right? |
1:43.5 | It's like money |
1:44.4 | and capitalism and stuff but you need a base amount of money to be comfortable and I think money |
1:50.9 | like do you know fire F I R E yeah financially dependent retire early yeah so they have this concept |
1:57.6 | where if you save like let's say you save a hundred thousand dollar you, you can take out $4,000 a year. Sorry, you invest this $100,000 in stock market, like in ETFs and stuff. And then you can perpetually kind of take out 4% per year. So $4,000 a year. So if you have like a million dollars saved after like 20 years, you take out 40,000 so 40,000 is about |
2:18.7 | some money you can maybe live off so that means that having a million dollars can give you |
2:23.9 | 40,000 dollars the rest of your life kind of perpetual so then you're kind of retired so I think |
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