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Paul Millerd (The Pathless Path)19 November 2023

Redefining success, money, and belonging

8Frameworks
15Insights

Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Hot Take· 5

Hot Take08:30

Everyone Is Already on a Pathless Path

Paul's contrarian claim is that the smooth upward corporate trajectory is an illusion. Even at one company, every two years you're effectively at a different company. Constant disruption, relationship and health challenges, and external shocks mean everyone is already reinventing and reevaluating, whether they admit it or not.

  • The idea of life as a smooth upward corporate ascent limits your possibilities
  • At a fast company, every two years is effectively a different company
  • Personal shocks (relationships, health, inflation) constantly change your reality
  • Comfortable, abundant middle-class jobs are shrinking, per MIT economist David Autor

my hot take is that we're all on a pathless path

Paul Millerd · 08:30
#career#hot-take#pathless-path#economy
Hot Take31:30

Your Unconventional Path Is a Better MBA Than Business School

Paul points out the double standard: say you're going to Stanford Business School and people praise you, even though you're really not working for two years and spending $150k–$200k. His first three years off broke even financially, yet people judged and insulted his path while celebrating business school. His reframe: treat the money as tuition you're paying into your own life.

  • Business school earns praise but means two years of no salary plus $150k-$200k
  • Paul's first three years off actually broke even financially
  • People still judged and insulted his path while celebrating the MBA route
  • Reframe the spend as investing in your own life

if somebody says I'm going to Stanford Business School generally you'll receive positive praise oh that's awesome but what they're really doing is not working…

Paul Millerd · 31:30
#money#hot-take#education#reframe
Hot Take39:30

You Need a "Boomer-Compatible" Story for What You're Doing

To defuse the insecurities your unconventional path triggers in others, Paul recommends a friendly cover story. Say you're just 'tinkering' — something about the word makes people find it delightful rather than threatening. For skeptical parents, give a 'boomer-compatible' label like entrepreneur or business owner that instantly resonates.

  • Your path triggers insecurities because you're doing what others weren't allowed to
  • Saying you're 'tinkering' makes the work sound delightful, not threatening
  • Parents may need a 'boomer-compatible' story to feel comfortable
  • Labels like 'entrepreneur' or 'business owner' instantly resonate

just tell people you're tinkering when they ask you how what are you working on I'm just tinkering

Paul Millerd · 39:30

you need a boomer compatible story for what you're up to

Paul Millerd · 40:00
#identity#communication#hot-take
Hot Take59:00

"Coming Alive Over Getting Ahead"

Paul's life motto is 'coming alive over getting ahead.' He's default-skeptical of chasing achievement and uses the phrase to remind himself that intrinsic energy beats extrinsic outcomes. He repeated it to himself right before rejecting a book deal, after the publishers talked down to him and told him he probably wouldn't succeed.

  • His motto is 'coming alive over getting ahead'
  • He's default-skeptical of chasing achievement and prestige
  • Extrinsic outcomes won't do much for him beyond enough money
  • He repeated the mantra before rejecting a book deal from publishers who talked down to him

one coming alive over getting ahead that's something I keep coming back to

Paul Millerd · 59:00
#philosophy#motto#hot-take
Hot Take1:00:30

Don't Start a Podcast to Make Money

Paul's advice for aspiring podcasters: if your goal is money, don't. Even with an audience it's rarely the best route, and podcasting is the ultimate long game that requires intrinsic love of the conversations. Still, he pushes back on 'there are too many podcasts' — outside the tech bubble almost nobody has one, and the medium is a free, permissionless creative gift.

  • If you want a podcast to make money, it's probably not worth getting into
  • Podcasting is the ultimate long game; you need intrinsic love of the format
  • Contrary to the NYT, Paul thinks there aren't too many podcasts
  • Podcasts and newsletters are free, permissionless creative innovations

if you want a podcast to make money it's probably not something you should get into

Paul Millerd · 1:00:30

podcast is the ultimate long game

Paul Millerd · 1:00:30
#podcasting#creativity#hot-take

Explainer· 1

Explainer05:00

What the "Default Path" Actually Is

Paul Millerd defines the default path as the culturally-inherited script for how a life should go, most powerful in your late teens and 20s. In the US it's college, good grades, good job, house, marriage, family, and continuous work for all of adulthood. Opting out is hard because the path lives in other people's heads too, so simply existing outside it triggers their insecurities.

  • The default path is a story in your head about what you should do, and it differs by culture
  • US version: college, good grades, good job, buy a house, get married, have a family
  • For work specifically it means get a job and work continuously for all of adulthood
  • Living outside the frame triggers insecurities in other people

it's really the story in your head about what you should do and most of us have some sort of script that we're living out

Paul Millerd · 05:00

you'll (06:00) trigger insecurities in other people by just existing outside the frame of the default path

Paul Millerd · 05:30
#career#work#default-path#culture

Story· 2

Story14:00

The Aha: You Can Design Your Life Around Liking Work

When Paul left his job he wanted to escape work entirely, and lowered his cost of living in Asia to about $1,000/month to do it. But he fell into writing and creating for their own sake and realized his hidden lifelong assumption — that work sucks and must be tolerated — was wrong. The breakthrough was discovering you can design a life around work you actually enjoy.

  • He initially wanted 'escape work' and to not work at all
  • He lowered his cost of living in Asia to about $1,000 per month
  • The hidden assumption for his first 32-33 years: work sucks and must be tolerated
  • The aha was that you can design around liking work

the big aha for me was oh you can design around liking work

Paul Millerd · 14:30

the hidden assumption I had around work for the first 32 33 years of my life was work sucks you have to figure out how…

Paul Millerd · 15:00
#work#meaning#story
Story27:30

The Real Income Arc: 50k, 30k, 24k, Then More Than Ever

Paul is candid that the pathless path meant a real income dip. He made $50k his first freelancing year, then about $30k, $24k, and $30k, not matching his old salary until year five. He optimized those early years for exploration and self-knowledge while dramatically lowering his cost of living. This year he'll make more than ever — and every day of it has been delightful.

  • First year freelancing: $50k, then roughly $30k, $24k, $30k
  • He didn't come close to his old salary until his fifth year
  • Early years were optimized for exploration and getting to know himself
  • This year he'll make more than he ever has, with abundant time for family

it was not until my fifth year that I came close to the salary I left

Paul Millerd · 27:30

I made 50 Grand the first year because I was freelancing then I made like 30 Grand 24 Grand and then 30 grand

Paul Millerd · 28:00
#money#freelancing#story

Tool· 1

Tool29:30

Turn Your Job Into a Contract to Buy Freedom

A concrete tactic Paul has seen work: convert your full-time role into a contract engagement. Employers are more open to it than people expect, and once you're a contractor they can't dictate where you work. The tradeoff is more risk — a contractor can be fired in a day — but for someone already known inside the company it can be a stable way to create space.

  • Ask to become a contractor, e.g. three days a week on defined work
  • Employers are more open to this than people assume
  • As a contractor they can't control where you physically work
  • The tradeoff: a contractor is easy to fire, so there's more risk

a big move that a lot lot of people do is turn their current job into a contract job

Paul Millerd · 29:30

a contractor is very easy to fire you can fire a contractor in a day

Paul Millerd · 30:00
#freelancing#tactics#work#money

Takeaway· 6

Takeaway07:00

When You Quit, Fire the Manager in Your Head

Paul argues most people who leave jobs keep enforcing an invisible contract: Monday to Friday, 8–10 hours, work required. They forget they're now allowed to take an afternoon off with their kids. The real question isn't whether you stay on the default path, but whether you're consciously opting into its costs and tradeoffs rather than just accepting them.

  • Quitters often keep obeying an internal manager they never fired
  • They don't realize they can take an afternoon off to spend with their kids
  • The implicit contract of a fixed 8-10 hour workweek may not actually serve you
  • The point is being conscious of the costs and tradeoffs, not rejecting the path

a lot of times when people quit their jobs they forget to fire the manager in their head right they don't realize they can take…

Paul Millerd · 07:00
#work#autonomy#mindset
Takeaway16:30

Three Months Out of a 500-Month Working Life

Paul reframes the sabbatical as trivially affordable in time terms: if you assume continuous adult work, that's roughly 500 months, so carving out three to reconnect with yourself is tiny. People routinely pull off much harder things, like saving for a dream home, when it's a genuine priority. For him, creating this space mattered more than owning a house or getting married.

  • A working adult life is about 500 months
  • Finding just three of those months to explore is highly attainable
  • People accomplish harder goals like saving for a home when it's a true priority
  • Creating this space was more important to Paul than a house or marriage

if you're assuming you're going to work continuously in adulthood that's about 500 months try to find three months of that where you can create…

Paul Millerd · 16:30
#sabbatical#priorities#career
Takeaway18:30

Can't Take a Sabbatical? Take an Afternoon

For people who insist a sabbatical is impossible, Paul offers a low-cost version: block off three hours during a workday, sneak out, and go for a walk with no destination or do something from childhood like play an instrument or paint. Then practice a kind of 'work mindfulness' — notice what emerges, and interrogate any guilt about sneaking out for what it reveals about your definition of work.

  • Block off three hours during a workday and sneak out
  • Go for a walk without a destination, or revisit a childhood activity
  • Pay attention to what emerges — a form of work mindfulness
  • Interrogate the guilt: where does the bad feeling about sneaking out come from?

take an afternoon take 3 hours during a workday day has to be during a work day block

Paul Millerd · 18:30

go for a walk without a destination or do something from your childhood that you used to do all the time

Paul Millerd · 19:00
#exploration#mindfulness#work
Takeaway30:30

Set a Runway Budget and Give Yourself Permission to Burn It

Lenny shares the trick that made time off feel safe: pre-decide a runway budget for the exploration period, then consciously commit to burning through it as a bet that it'll lead to something interesting. Naming that money as an investment in your life — Paul calls it a kind of self-directed MBA — let both Lenny and his wife accept the likely loss in exchange for the upside.

  • Decide up front how much runway the exploration period will cost
  • Commit to burning through it as a bet it leads to something great
  • Naming the money as an investment makes the loss psychologically acceptable
  • Six months of runway became a full year as the search continued

I set a budget of here's the runway that I'm G to give myself

Lenny Rachitsky · 30:30

I'm just going to burn through this money just with the bet that it'll lead to something interesting

Lenny Rachitsky · 31:00
#money#risk#planning
Takeaway37:30

Audit What Energizes You vs. What Drains You

The single most effective piece of advice in both their journeys: after every activity, notice whether it energized or drained you, then do more of the former and less of the latter. Lenny expected to enjoy advising and starting a company but both drained him, while writing consistently energized him despite being hard. Simple, but hard to follow because the pull toward prestigious moves is strong.

  • After each call, hobby, or task, notice if you feel energized or drained
  • Do more of what energizes you and less of what saps you
  • Lenny found advising and company-building drained him; writing energized him
  • It's simple advice but hard because prestigious paths exert a strong pull

my whole strategy was just do more of the things that energize me and do less of the things that de energize me

Lenny Rachitsky · 38:30

I want to chase that I want to go after that

Paul Millerd · 37:30
#energy#self-knowledge#work
Takeaway42:30

Dance With Your Fears Instead of Solving Them Away

Paul says existential fears about money, health, and importance never fully disappear on this path — they periodically punch you in the face. Rather than escaping them by getting a job, he has a literal conversation with his fear: acknowledge the money worry, admit he can't solve it, and note that six and a half years in, it's still working. The comfort comes from the fact that what has lasted this long will probably last longer.

  • Existential fears about money and health don't go away, they resurface as small daily worries
  • Getting a job to make the fear disappear is off the table, so you must live with it
  • Paul literally talks to his fear: 'okay I see you, that's real'
  • Reassurance: something tends to last about as long as it already has

oh we're worrying about money today okay I see you yeah that that's real yeah I don't know if we can solve that

Paul Millerd · 43:00

it's very important to like dance with your fears and really like get in with them

Paul Millerd · 44:00
#fear#money#mindset