Short and Long Term money
I am currently broke. Being broke doesn't just suck, it actually destroys your long term plans. Let me explain:
If you're reading this, you're probably ambitious. Like me, you want to start a large company or solve a big problem. Maybe that's in brain chips, longevity, or artificial intelligence. How much money do you need for that? Probably at least $10M to start. Great.
Like me, though, you are broke. You have two options to start this company: 1. you can't, or 2. you raise huge funding and give away a ton of your company. If you don't have a lot of credibility, raising that round will be worse off for you and you'll own even less of your company. Control over your vision will be lost.
Another issue with being broke is you have to make money. You have to live, first off. Food and rent all cost money. So you get a job. 40 hours a week in your prime life is spent working for someone else. Furthermore, you're limited by what you can do. You can't travel across the country to go to an event where you'll meet interesting people, you can't move to SF to be surounded by founders, you can't take a girl out on a date, so you become lonely.
My solution: short and long term money.
Short term money is starting a company that you don't really care about in order to avoid these problems. It doesn't have to be a great company. It just has to make you enough so that you can do what you want. To have financial freedom. Maybe that's $5k a month. With that, you can live in any city in the world and live your life in any reasonable way you want. You're not supposed to love this work. It should be bearable enough to where you can do it without hating yourself. It shouldn't go against your moral values and its goal should be to help people. But it can be small. An SAT prep business, a fitness coaching business, a mobile app. These are all examples of things that can make you that sort of money on a personal level.
Long term money is the big thing you really want to do. The brain chips company. The live-forever company. The project that takes 10 years to get traction. These burn millions and millions of dollars, but you are so fascinated by the outcome that you don't worry about becoming profitable for a while. This is the company that will ultimately make you rich, but it requires you have the freedom that came with the short term money.
On another note, maybe working 40 hours a week isn't that bad. There are jobs that you can make money from that are tangentially related to your big goal that you don't mind doing. But if you're in a position like me where you don't know what that job might be, your goal should be to become financially free so you don't have to worry about money for a while.