Quote:
Originally Posted by Cameron Swift
I'm not judging Hack&Lube (to each their own), but I'd be curious to hear what his motivations are. What keeps you going? What's the end goal? I watched an episode of Dragon's Den recently and a couple of guys had sunk $700,000 of their own money in trying to get a new company off the ground, and I just kept wondering "why bother?" That seems like a ton of work. If I had $700,000 to spare, I'd invest it, hopefully reap some nice rewards and chill. Some people are just wired differently, I guess.
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What would you do when you "chill" though? I know a guy who retired from his full time job with a good chunk of change when he was 45. But for him, now his method of chilling is building cabinets and doing renovations and things 5 days a week. You get bored if you don't keep doing things. We don't need to classify or make a distinction between recreation and work if it's all the same thing in your head. It's all mental and how you are wired.
As far as putting $700K down for something, there's the higher the risk, the higher the reward. Some entrepreneurs are natural risk takers the same as way as adrenaline junkies will do high risk sports that can get them killed. And who knows, they may have done all the math and balanced all the risk and are putting down the $700K as a rational & calculated decision. This is how start-ups happen and I really feel that among millennials, that's kind of the zeitgeist. I know countless kids in university that are asking for advice because none of them want to work an 8-5 office job for the rest of their life and want to start their own things.