5 ms·
I think a lot of developers forget, perhaps due to their current annual salary and due to high costs of living, that a geography-independent $1K a month is noth
by fardo 8y ago
I think a lot of developers forget, perhaps due to their current annual salary and due to high costs of living, that a geography-independent $1K a month is nothing to sneeze at.
For example, rent in Michigan for a three bedroom apartment is about $1,200 a month [1], meaning your rent would be $400. Let’s say you spend $200 a month on groceries, and spend $400 a month on insurance, gas, bills, and other mandatory expenses.
Congratulations: you’re short term net financial neutral!
In theory, as long as your acquisition rate is neutral or positive compared to churn, you now live for free, without a boss and without an expectation of a 40 hour workweek. In theory, you can now retire. In practice, you can grow revenue, and nothing’s stopping you from starting business two and increasing your “retirement’s” margin.
For the right person, these conditions are life-changing.
[1] https://smartasset.com/mortgage/the-cost-of-living-in-michigan https://smartasset.com/mortgage/the-cost-of-living-in-michig...
- justboxing 8y ago> a geography-independent $1K a month is nothing to sneeze at. Right. Also, it's not very obvious, but it looks like the creator is from Australia, likely lives there (as the address listed in about page is also an Aussie address). Not sure about Cost of Living, but definitely gotta be less than Bay Area / Silicon Valley... James ( Jimmy?), if you are reading this, you might wanna update your about page with some story about you (builds trust), instead of a testimonial from a random user... https://contentsnare.com/about/ https://contentsnare.com/about/
- gitgud 8y agoI also thought that was weird? The about page is not for testimonials, it's generally a place for information about who made the site/business right?
- glangdale 8y agoAgreed on the reaction to the "about" page. Cost of living in Australia isn't always great (real estate close to Sydney is nuts, and there was even a brief period where SF looked like a bargain a few years ago). But Brisbane isn't that bad.
- King-Aaron 8y agoFYI $1k / month in Australia would be extremely difficult to live comfortably on.
- kondro 8y agoWith mean Average Weekly Earnings (for salary earners) approaching AUD$85k/year[1] before tax (not sure what average household income is), I'd say $1k is basically impossible to live on. And for some context, I currently can't hire any mid-to-senior software developers in Sydney for less than $150k/year package. [1] https://www.businessinsider.com.au/average-australian-weekly-pay-2018-2 https://www.businessinsider.com.au/average-australian-weekly...
- jimmyrose 8y agoIt's interesting you guys went straight to the about page. I've basically not updated that because our analytics show that no one is visiting it. But can't ignore this. Removed testimonial and will update on Monday. Cheers guys Oh and yeah, 1k in Australia buys you a couple of pairs of socks and some McDonalds (only half kidding)
- kondro 8y agoYou might be interested to learn that average rents in Brisbane/Sydney/Melbourne are about AUD$2600/month (~USD$1900) for a small 2 bedroom apartment. Plus expensive power, fuel, telecommunications, food, etc due to oligopolies in each of those spaces. What I'm getting at, is that $1000/month doesn't go very far in any of our capital cities (and most people here live in or directly around our capital cities).
- roganartu 8y ago> average rents in Brisbane/Sydney/Melbourne are about AUD$2600/month (~USD$1900) Melbourne and Sydney maybe, but Brisbane is drastically cheaper. When I was studying in Brisbane a few years ago my rent was in the ballpark of $300-400 AUD per week for 2-3 bedrooms, even at the higher end of $400/w that's only $1700AUD/m. You can even buy a two bedroom apartment for under $300k in Brisbane, compared to the $1m or more the same would run you in Sydney or Melbourne. In contrast, when I graduated and moved to Sydney for work we lived a similar distance from the city as we did in Brisbane and yet were paying $500/w for 1 bed and much less total room. I suspect Darwin, Perth, and Hobart are similarly cheaper. Generalising and saying all our capitals are expensive is incorrect, though I can understand why perceptions are driven by what happens in Melbourne and Sydney since nearly 50% of the population lives in one or the other.
- kondro 8y agoFor some context. I live in both Sydney and Brisbane (and commute). There are some slight variances, but if you’re comparing like-for-like in apartments/living, the costs are also very similar. And the populations of the regions around those three cities makes up more than half the population of Australia.
- anoncoward111 8y agoI was living on just $400 a month in Chiang Mai. I would drool over a grand!!
- deltateam 8y agoWhat I like about Finance is that the "competition" is the masses of people that can barely have a conversation about cost of living.