5 ms·
Two fucking years of savings? What world is this guy living in?
by ttul 9y ago
Two fucking years of savings? What world is this guy living in?
- jstanier 9y agoI didn't get that either. Surely if you work somewhere like that you're pretty employable and not in the middle or nowhere. Why not just go work elsewhere for a bit while you work out what you really want to do next?
- tyrust 9y agoSounds reasonable to me. You should have an emergency fund that covers six months of expenses, ideally you never touch this. If you quit without another offer it's safe to prepare for a job hunt lasting up to a year. Six more months for safety is just smart.
- protonimitate 9y agoThose types of statements are usually made by people who have never had to scrape by to survive for any major time period. Work 6 months for minimum wage in a major city and you'll find what most people consider 'low wages' to be laughable. Of course, you should do everything your power to have and maintain an emergency fund, but two years of savings is insane. Don't waste two years of life if you are unhappy in your job just because you're afraid of not finding new work. 6 months is a good target to shoot for.
- jogjayr 9y agoYou are aware Facebook pays well right? Unless what you're saying is "Only 2 years?"
- Shaanie 9y agoOutside of a life-altering sickness I see no way for someone who had worked for a top-tier tech company to go without employment opportunities for half a year, let alone two years.
- ryandrake 9y agoI think a lot of people forget what it was like during the last tech downturn, or the previous one, or the previous one... or they’re too young to have lived through them. I remember being a month from total bankruptcy, 12 months into a job search, and I had a decade of experience at the time. Almost nobody was hiring. If you haven’t been through it you have no idea. Fund that emergency fund, people!! Minimum 6 months but 2 years is much better.
- Redoubts 9y agoI don't understand how you couldn't save 50% of your income per year while working at facebook.
- danans 9y agoAssuming a $200k income, a modest 2bd Bay area house, 2 preschool aged children, between mortgage/rent (4k/mo), childcare (20+k/child/year), car, food, taxes, and other basic life expenses, it's totally possible not to save 50%. Unless you meant as a childless single person making 200k/yr. Then yes, it's easy.
- thaumasiotes 9y ago> Assuming a $200k income... 2 preschool aged children... childcare (20+k/child/year) Does $200k not seem low for a two-income family? Does paying for childcare not seem strange for a one-income family?
- danans 9y agoThe previous comment's scenario was "A Facebook employee", with no mention of another income. Also, many people's spouses are students, or non-highly remunerated.
- thaumasiotes 9y agoHence the other question, "Does paying for childcare not seem strange for a one-income family?"
- danans 9y agoNot if there is only one parent, or the other parent is a full time student.
- dragonwriter 9y ago> Does $200k not seem low for a two-income family? Not really, even in the BA, unless they are both in tech or similar; $200K is nearly double the median household (not individual) income for San Francisco & San Mateo Counties.
- PeterisP 9y agoIf you're working a top tier tech job, then having savings worth two years of necessary expenses is much, much lower than e.g. two years of income.