Schroeder: The practical difference between being broke and wealthy is remarkably small
Will Schroeder · How Wil Schroter Made Money at 22 years Old to Eventually Launch Startups.com · Aug 19, 2020 · at 21:59
Will Schroter, founder of Startups.com, reflects on his first liquidity event at age 22 when GSW bought a stake in his digital agency NGDA.
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“The difference between being broke and wealthy is a very small sum of money. In other words, especially early in your career, I was 22 at the time. If you can pull together enough cash to buy a house, to buy a car, to furnish your house, which by the way is not cheap and to pay off debts, you know, all these things that I did you are about as rich as you're ever going to be. A lot of people don't get that. A lot of people think, well, I need to make ten million dollars, or 20, or a hundred, and that's just not true. The truth is, especially early in your career, if you can take down a lump sum of money that can get you fast forwarded through all the stuff that you're going to spend the next 20 years of your life trying to get to, that is one of the greatest kind of step advantages you'll ever get.”
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