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Many developers work for startups taking low salaries and working ridiculous hours hoping to get rich on the stock options if the company goes public or gets acquired, but I consider that a pretty risky bet. I wouldn’t recommend choosing to work for a startup just because you might hit the lottery someday. Taking that approach, you’re likely to burn out fast and have nothing to show for it. A better reason to work for a small company or startup is because you like that kind of fast-paced, exciting environment and you want to be part of building something and watching it grow.
The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today.”
People want to become wealthier to make them happier. Happiness is a complicated subject because everyone’s different. But if there’s a common denominator in happiness—a universal fuel of joy—it’s that people want to control their lives.
The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.
The Psychology of Money
Morgan Housel
I avoid working on things that someone else could do, even if I enjoy doing it and would get paid well to do it. I try to give my best ideas away in the hope that someone will do them, because if they do them, that means I was not the only one who could have. I encourage competitors for the same reason. In the end, I’m left with projects that only I can do, which makes them distinctive and valuable.
Tribe of Mentors
Timothy Ferriss
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