I’ve rewritten this post several times to try to not sound somehow arrogant or like a moron, but I’ve just accepted that the post title is probably gonna sound like a stupid question. But it’s something I legitimately worry about, and I was curious to see what the good folks on this forum had to say.
Basically, my situation is that I’m getting a few hundred grand in a disability payout in a month or two as a result of getting banged up on the job and getting medically disqualified from continuing the career that I loved and had been doing for 19 years.
It’s not retirement money by any means, but it’s a hell of a potential lever to something that I can actually retire on. In the words of my attorney, this is intended to help me move on to whatever the next phase of my life is.
I’ve read all of MJ’s books over the years, and I’ve always had aspirations of starting my own business, but because I loved my old job and it always kept me really busy, I would tell myself that I would pursue a business when I was done with my regular career.
So now that my old career is officially over, I’m at the crossroads about what to do next.
I’ve got a month or two before I cash the big check, so I’m using the time between now and then to try to figure some of these things out.
And while I’m not making this one of those annoying “What would you do if you had X amount of money” type posts, I’m always interested in ideas beyond my own.
But chiefly for this post, I wanted to hopefully glean some knowledge about a nagging doubt that keeps returning; the oft-mentioned thought that in some respects, entrepreneurs with everything-to-lose tend to have something of an advantage because their desperation and hunger fuels their drive.
Even MJ’s story and books echo this narrative at times.
I don’t want to “start soft” somehow and dick things up because my safety cushion makes me feel immortal, or something along those lines.
Some questions:
For folks who have some bootstrapping experience under the belts, what might you have done differently if you had started with money?
And if you had money to begin with, any thoughts on using it most effectively?
And any just general thoughts on definitely do/don’t do’s?
Basically, my situation is that I’m getting a few hundred grand in a disability payout in a month or two as a result of getting banged up on the job and getting medically disqualified from continuing the career that I loved and had been doing for 19 years.
It’s not retirement money by any means, but it’s a hell of a potential lever to something that I can actually retire on. In the words of my attorney, this is intended to help me move on to whatever the next phase of my life is.
I’ve read all of MJ’s books over the years, and I’ve always had aspirations of starting my own business, but because I loved my old job and it always kept me really busy, I would tell myself that I would pursue a business when I was done with my regular career.
So now that my old career is officially over, I’m at the crossroads about what to do next.
I’ve got a month or two before I cash the big check, so I’m using the time between now and then to try to figure some of these things out.
And while I’m not making this one of those annoying “What would you do if you had X amount of money” type posts, I’m always interested in ideas beyond my own.
But chiefly for this post, I wanted to hopefully glean some knowledge about a nagging doubt that keeps returning; the oft-mentioned thought that in some respects, entrepreneurs with everything-to-lose tend to have something of an advantage because their desperation and hunger fuels their drive.
Even MJ’s story and books echo this narrative at times.
I don’t want to “start soft” somehow and dick things up because my safety cushion makes me feel immortal, or something along those lines.
Some questions:
For folks who have some bootstrapping experience under the belts, what might you have done differently if you had started with money?
And if you had money to begin with, any thoughts on using it most effectively?
And any just general thoughts on definitely do/don’t do’s?
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