Sterling Terrell

smart ideas from books (mostly)

  • Home
  • About
    • My CV
    • Books
    • Series
  • Newsletter
  • Advertising
  • Tools
You are here: Home / Not Books / Derek Sivers On Being Rich

Derek Sivers On Being Rich

Derek Sivers On Being Rich

I enjoyed this post by Derek Sivers on being rich.

A friend wants to know how he got rich.

So Sivers explains:

I had a day job in midtown Manhattan paying $20K per year — about minimum wage. On weekends I would earn $150 per day performing circus shows for kids, though I’d spend about $50 in bus fare to get to the gigs. I was sharing a three-bedroom apartment with two other roommates in Queens, so our rent was $333 per month each. I made peanut butter sandwiches for three meals a day, and at night maybe some eggs. I never ate out, and never took a taxi. My cost of living was about $1000/month, and I was earning $1800/month. I did this for two years, and saved up $12,000. I was 22 years old.

Once I had $12,000 I could quit my job and become a full-time musician. I knew I could get a few gigs per month to pay my cost of living. So I was free. I quit my job a month later, and never had a job again.

Of course, everyone wants to know how Sivers sold CD Baby for $22 million, but that misses the point.

The point is that he was free.

Making $40,000 per year, or making $500,000 per year would not have changed his lifestyle.

It shouldn’t change yours either.

Get it?

Simple advice on getting rich is here from Donald Miller.

For an extensive discussion, listen to Naval talk about wealth.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Not BooksTagged With: #Money, #Wealth

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Privacy Policy

Connect

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

Free Weekly Newsletter:

Search

Top Posts

  • The Tricky Lily Pad Riddle (You Probably Can't Solve)
    The Tricky Lily Pad Riddle (You Probably Can't Solve)
  • Hyatt Hill Country Sunday House
    Hyatt Hill Country Sunday House
  • Few Days And Full Of Trouble
    Few Days And Full Of Trouble
  • Ship More Projects
    Ship More Projects
  • This Is How To Draw A Simple Helicopter
    This Is How To Draw A Simple Helicopter
  • Your Daughter's Intimacy Imperative
    Your Daughter's Intimacy Imperative
  • Economics 101: Rosy Scenario Policy
    Economics 101: Rosy Scenario Policy
  • Instabooks 317
    Instabooks 317
  • By Paying Your Own Way
    By Paying Your Own Way
  • The Big Miss, By: Hank Haney
    The Big Miss, By: Hank Haney

Supporting = Loving

Recent Posts

  • Ship More Projects
  • Few Days And Full Of Trouble
  • Father’s Days Days Are Swim Days Swim
  • Random Thoughts – 344
  • Creative Forces Converged
  • When Laughing Is More Contagious
  • LubbockJobs.io
  • Instabooks 363
  • Random Thoughts – 343
  • From This Sun And A Cold Drink
  • The Psychology When Midlife Crisis Hits
  • Smoke Eaters
  • For The Elite See It And
  • Random Thoughts – 342
  • Austin Kleon, A Note To Graduates
  • Example Of Writing Material
  • The Rule Of I Before E
  • He Silently Sits And Sleeps
  • Random Thoughts – 341
  • Martin Mull
  • Early Retirement In One Lesson
  • On Being Consistently Good
  • And The Last Heart Will Weep When
  • Random Thoughts – 340
  • Fundamentally A Loner

Copyright © 2022 · Generate Pro On Genesis Framework · WordPress · Log in