post your idea and i'll say whether or not you should quit your job
Am I dumb for wanting to leave a 300k a year job?
-
What kind of company do you want to start? I’m 30 and my plan is to keep working my high paying job, but to start some small side businesses (e.g., coffee shop, ice cream shop) that I can have family members manage.
It would be based off of some recent machine learning research that has come out. I think there is significant opportunity to use NLP methods invented in the last six months to create products that never existed. But its pie in the sky. But at the same time I think just working for money is killing my soul
I'm your competitor.
-
I'd ride it out for 5-10 years. Do research on your idea, how to get funding, etc. Right now the economy is too fragile/vulnerable, unless your company is COVID-related.
But then I will be 40 and married.
I'm confused. Why is marriage a barrier to owning a company?
Kids and wife need your $$$, cant take on that kind of risk
It's statements like these that convince most of us on here that you do not in fact get paid $300K per year for your labor. Unless your labor entails having s3xua1 abuse foisted upon you.
-
Basically, I want to start a company. Its kind of dumb because if I just stay where I am and invest, then I would probably end up very well off in the long run. But I have this thing in the back of my mind that life is short and is quickly ending, even at the age of 30. What would you guys do?
What’s the chance you can get this job back? That’s a really good salary.
-
What kind of company do you want to start? I’m 30 and my plan is to keep working my high paying job, but to start some small side businesses (e.g., coffee shop, ice cream shop) that I can have family members manage.
It would be based off of some recent machine learning research that has come out. I think there is significant opportunity to use NLP methods invented in the last six months to create products that never existed. But its pie in the sky. But at the same time I think just working for money is killing my soul
I'm your competitor.
Yeah what are you working on?
-
Basically, I want to start a company. Its kind of dumb because if I just stay where I am and invest, then I would probably end up very well off in the long run. But I have this thing in the back of my mind that life is short and is quickly ending, even at the age of 30. What would you guys do?
What’s the chance you can get this job back? That’s a really good salary.
Pretty decent chance, obviously some risk. I'm also single, kinda worried it will be hard to find a good girl when I'm technically unemployed chasing "my dream"
-
Get a working prototype or better yet an actual customer. Customers in software = funding.
The work would be really intense, meaning 6 months of R&D with a chance of failure to solve the ml problem. Theres no way I could do it while working. Basically theres a few research repos on github from the tech giants that are so incredibly valuable, but not polished and need to be changed in multiple ways to make them useful.
On the same topic, I actually think people are completely underestimating the economic value of some of the code sitting in github. Google has prototypes sitting there for how to do real time question retrieval from their knowledge graph, which is the functionality you see when you google some random question. And the solutions are not trivial, they are conceived of by some of their most intelligent employees.
-
Do what will make you happy. Most people here are risk averse; they are both academically-oriented and crave anonymity. This is not a place that will encourage you to start a business. But if that’s what you want, do it.
This. PhD economists are some of the most risk averse people I have met! This is not the forum for it! If you don’t like the drudgery and you want to start a business, go for it! Life is too short to live with regrets!
-
Basically, I want to start a company. Its kind of dumb because if I just stay where I am and invest, then I would probably end up very well off in the long run. But I have this thing in the back of my mind that life is short and is quickly ending, even at the age of 30. What would you guys do?
What’s the chance you can get this job back? That’s a really good salary.
Pretty decent chance, obviously some risk. I'm also single, kinda worried it will be hard to find a good girl when I'm technically unemployed chasing "my dream"
^Lol, no, you can sell girls hoap.
I would try to hold on to your job for as many months as you can bear it. You're clearing $15k net/month?
Well, it won't give you generational wealth or anything, but if you can keep this for 10 years, you're going to be very well off.
Being a successful entrepreneur would give you the highest utility.
I'm actually in roughly the same boat. I'm 18 months from a tenure decision. I also want to start my own side business. Planning to do after tenure. Only, I clear $7k a month net. I'm too risk averse to just quit. Different situation though -- post tenure, I can stop doing research and devote myself to a side business. I may be denied tenure as well.
-
Basically, I want to start a company. Its kind of dumb because if I just stay where I am and invest, then I would probably end up very well off in the long run. But I have this thing in the back of my mind that life is short and is quickly ending, even at the age of 30. What would you guys do?
What’s the chance you can get this job back? That’s a really good salary.
Pretty decent chance, obviously some risk. I'm also single, kinda worried it will be hard to find a good girl when I'm technically unemployed chasing "my dream"
^Lol, no, you can sell girls hoap.
I would try to hold on to your job for as many months as you can bear it. You're clearing $15k net/month?
Well, it won't give you generational wealth or anything, but if you can keep this for 10 years, you're going to be very well off.
Being a successful entrepreneur would give you the highest utility.
I'm actually in roughly the same boat. I'm 18 months from a tenure decision. I also want to start my own side business. Planning to do after tenure. Only, I clear $7k a month net. I'm too risk averse to just quit. Different situation though -- post tenure, I can stop doing research and devote myself to a side business. I may be denied tenure as well.This may come off weird but I think part of it is I am dissatisfied with how easily 300k came and expect that 400-500k is in the cards as well. Investing this diligently, I would be on a really good path to decent wealth.
But really, for what? I will not have the energy I have now later on. At some point you realize this whole thing will one day end, and this money stuff is hard to take seriously. Literally some of my coworkers are working around the clock and on weekends, why? How can this whole society be okay with spending all this time completing menial tasks? Why does anyone go to work at all? How brainwashed are we to spend the few years we have alive at the beck and call of another man?
-
This may come off weird but I think part of it is I am dissatisfied with how easily 300k came and expect that 400-500k is in the cards as well. Investing this diligently, I would be on a really good path to decent wealth.
But really, for what? I will not have the energy I have now later on. At some point you realize this whole thing will one day end, and this money stuff is hard to take seriously. Literally some of my coworkers are working around the clock and on weekends, why? How can this whole society be okay with spending all this time completing menial tasks? Why does anyone go to work at all? How brainwashed are we to spend the few years we have alive at the beck and call of another man?Well lord, don’t become an academic. Work around the clock to write to appease reviewers that want you to frame your paper in a silly way to make it less understandable to anyone outside of 10 people.
All the work, none of the money, lots of sucking you-know-what