Thank You Edition #6 Released!

Thank You Edition #6 has just been released to subscribers! No, I definitely haven’t forgotten about you guys, I’ve just been taking way too long in completing the lithium ebook… Knowing that I would need to put in (a lot) more work to get that release out, I decided to just shift gears for a moment and talk about gold for a little bit…

It’s one of those things in life, I guess, where when you’re “too much in the zone” and fixated on just one single task, you kinda want to take a break, mix it up a little, and hopefully when you get back to it, progress will happen a lot easier.

Well, that’s my story and I’m sticking to it.

LOL, actually funny enough, while I was working on sending out the latest newsletter, we had a power outage out here in Bali and I was just thinking to myself, “Oh great, what perfect timing…

In fact, after 10-15 minutes, I was thinking I might just have to wait until the AM local time to get the copy out to you guys…

Luckily, the power just came back on, so it’s all good now!

With that said…

There’s been some interesting news/developments on the gold front, so no harm in focusing on that sector for a little bit, right?

Anyway, I really hope you guys enjoy the latest newsletter!

For anyone new here who wants access to the “premium” content (passwords to access all back issues of the Thank You Newsletter series will be sent to you via email), please consider a donation to support my work (and future work to come)!

 

 

All the best,

Jay

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AndreasAlexander GregoryDutch48Cong Recent comment authors
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Cong
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Cong

Not my story but i think it can be of help to you so here go :

Funny personal story because I see the most common answer is “Retirement is boring”….

I was “retired” at 39 years old, single, not really “fat FIRE”, more like mid-to-lean-FIRE from the sale of a previous company.

So I started getting bored. Or more accurately, I was either on vacation going full blast, or completely bored out of my skull watching TV and not leaving the house for days at a time. 🙂 I’m a programmer, and I like to program, so I thought I would do an open source project or something like that. Not for money, just for the pure enjoyment. To find some purpose.

So I started a programming project. Just something small, something I could get my head around. Something simple. I had been toying with the idea of peer-to-peer backups where I put an encrypted copy of all my valuable files on my brother’s laptop. I live in California, he lived in New Mexico. We both had spare disk space, and unlimited internet bandwidth. So I start having a good time writing some code that encrypted and pushed files to his computer. But I hit a small road block…. When I was in industry, I had my go-to computer graphic artist and my web designers to help me. My graphic design skills are legendarily bad, and I take pride in my projects and wanted them to look nice EVEN IF they were free and open source. So I call up my “go-to graphic artist” and ask if he wants to help with my hobby for no money. Of course he says “no”, but says if I want to make it into a little company he’s willing to “partner up” and work without pay for a year. A little way down the road we decide we need a little bit of server side help, and maybe our “go-to” marketing guy to help promote our little project. And sell the product for just enough to make the salaries to pay the graphic artist and the server side programmer a living wage, you know? Not a “REAL” job, just a hobby, nothing could go wrong with this plan….

So a year later I realize I kind of have “a job”. It still isn’t a “REAL” job, because I don’t make any money, and the “office” is my one bedroom apartment. But now I have 6 partners who are in my living room all the time, and there is a non-zero amount of stress because we aren’t making quite enough money to pay them their former salaries. Oh, and customers are starting to contact us with feature requests and questions about their subscription. So we hire a great support guy we knew to deal with customers. And I’m feeling this pressure to add enough features and functionality to get enough customers to get everybody paid, so I’m now working nights and weekends. Lol.

So here I am 12 years later, I’m in the office (no longer my apartment) on a Sunday writing code adding features to my product. We’re coming up on one million customers (it’s a subscription product), and a datacenter with over 100,000 hard drives in it with customer backups on them, and about 90 employees. We’re deciding whether we want to IPO next year or just keep running it as a private company, because we’re profitable and never raised any significant funding from bankers or investors or Venture Capitalists (VCs).

So your original question was:

if you still work, why do you do it?

It was my hobby that got out of control, and now customers and employees depend on me. 🙂 I’m honestly having the time of my life, we (the partners and employees) control our own destiny. Our board of directors are all employees. No VCs or investors to screw things up.

Example: I make every new employee sign a piece of paper that says they are willing to work with dogs coming into the office. Employees can be allergic, we’ll put up a fence around their desk and they don’t have to pet the dogs, but they have to understand in advance they will be exposed to well behaved dogs every day. Does this make us any money? Hell no, it’s just fun and a distraction. Like most Silicon Valley startups we provide all the free coffee, snacks, soda, beer you can consume at work. We also do fun company offsites, like renting boats in San Francisco bay in the middle of the work day and take everybody out for a day off.

The first time around I worked for money. This time around (in my retirement) we’re taking care of employees and customers FIRST, and the money is just there to facilitate paying the bills. At some point you have enough money, and you have to find some other reason to get out of bed in the morning. I just got lucky and kind of fell into what I was meant to do in my retirement. But I’ve always been lucky.

Dutch48
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Dutch48

Great story, Cong! I think you create your luck yourself.

Alexander Gregory
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Alexander Gregory

Uranium next ?

Andreas
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Andreas

Hey Jay, could you please double check as i haven‘t got any Thank you Edition since Nr. 5. Kind regards, Andreas

Kind

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