4 ms·

Right? My blog post on the same subject would be more on the lines of "freak out about how to have a roof over my head next month and not have my family's healt

Right? My blog post on the same subject would be more on the lines of "freak out about how to have a roof over my head next month and not have my family's health insurance cancelled..."

icedchai 8y ago
I'm guessing you don't have any savings or investments? You might want to plan ahead more than your next pay check. Investigate financial independence / retire early (FIRE.)
- toovs 8y ago
  lol easy to say for those with cash
  - icedchai 8y ago
    It's real tough getting cash in this industry, isn't it? Start investing now. In 10 years you'll have a small fortune.
    - RikNieu 8y ago
      Not everyone earns Valley salaries. Especially not those outside the US in third-world countries. And some, like myself had their life savings wiped out when life got cute. Anyway, glad OP has the opportunity to do what he's doing. Didn't mean to sidetrack the conversation. Just always find it amazing how we all live in vastly different worlds.
      - deleted 8y ago
        [deleted]
- pkaye 8y ago
  Yes I guess that works as long as a sudden bout of cancer or some other chronic illness doesn't turn your world around. Suddenly all the "plan to retire in X years" come into question. Will I be still living in X years? Will I be able to continue working and investing till then? Or will I have burn through all my savings? True financial independence doesn't come till you can weather such a storm and most people are not is such a position.
  - icedchai 8y ago
    Those things are obviously unfortunate, but relatively rare. It is also rare to win the lottery, or actually make a profit on startup stock options. I am not talking about these cases. The average person in this industry makes good money, and should have the ability to save and invest some of their income.
    - clumsysmurf 8y ago
      > Those things are obviously unfortunate, but relatively rare Not rare at all, 1 in 5 Americans is being pursued by collection agencies for being unable to pay medical bills.
      - icedchai 8y ago
        That's good news. Since they're not paying their bills, they actually have more money to invest instead. ;) You know what they say about lies and statistics... In all seriousness, even if this dubious statistic is true, most of those are not due to terminal or debilitating illnesses. "Unable to pay medical bills" can be for a variety of reasons, ranging from the obvious (not having the money), to confusion, to billing errors or insurance problems.
        ceejayoz 8y ago
        In the US, it needn't be terminal nor debilitating to bankrupt you.
        ams6110 8y ago
        Bankruptcy is not the end of the world. It's an inconvenience for a few years.
        lazyasciiart 8y ago
        It's certainly the end of the "hey I have so much money I don't even need to work" feeling of financial independence, though.
- deleted 8y ago
  [deleted]

Right? My blog post on the same subject would be more on the lines of "freak out about how to have a roof over my head next month and not have my family's health insurance cancelled..."

icedchai 8y ago

I'm guessing you don't have any savings or investments? You might want to plan ahead more than your next pay check. Investigate financial independence / retire early (FIRE.)

toovs 8y ago
lol easy to say for those with cash
- icedchai 8y ago
  It's real tough getting cash in this industry, isn't it? Start investing now. In 10 years you'll have a small fortune.
  - RikNieu 8y ago
    Not everyone earns Valley salaries. Especially not those outside the US in third-world countries. And some, like myself had their life savings wiped out when life got cute. Anyway, glad OP has the opportunity to do what he's doing. Didn't mean to sidetrack the conversation. Just always find it amazing how we all live in vastly different worlds.
    - deleted 8y ago
      [deleted]
pkaye 8y ago
Yes I guess that works as long as a sudden bout of cancer or some other chronic illness doesn't turn your world around. Suddenly all the "plan to retire in X years" come into question. Will I be still living in X years? Will I be able to continue working and investing till then? Or will I have burn through all my savings? True financial independence doesn't come till you can weather such a storm and most people are not is such a position.
- icedchai 8y ago
  Those things are obviously unfortunate, but relatively rare. It is also rare to win the lottery, or actually make a profit on startup stock options. I am not talking about these cases. The average person in this industry makes good money, and should have the ability to save and invest some of their income.
  - clumsysmurf 8y ago
    > Those things are obviously unfortunate, but relatively rare Not rare at all, 1 in 5 Americans is being pursued by collection agencies for being unable to pay medical bills.
    - icedchai 8y ago
      That's good news. Since they're not paying their bills, they actually have more money to invest instead. ;) You know what they say about lies and statistics... In all seriousness, even if this dubious statistic is true, most of those are not due to terminal or debilitating illnesses. "Unable to pay medical bills" can be for a variety of reasons, ranging from the obvious (not having the money), to confusion, to billing errors or insurance problems.
      - ceejayoz 8y ago
        In the US, it needn't be terminal nor debilitating to bankrupt you.
        ams6110 8y ago
        Bankruptcy is not the end of the world. It's an inconvenience for a few years.
        lazyasciiart 8y ago
        It's certainly the end of the "hey I have so much money I don't even need to work" feeling of financial independence, though.
deleted 8y ago
[deleted]