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Author here. My expenses are more like $150K a year, so my runway is only a few years. I have a family, two small kids (4 and 2), and live a comfortable life in
by DVassallo 8y ago
Author here. My expenses are more like $150K a year, so my runway is only a few years. I have a family, two small kids (4 and 2), and live a comfortable life in Seattle. I could obviously adjust my standard of living, move somewhere cheaper, etc, but I didn't want my family to have to change anything from this experiment I'm doing with my life.
- Existenceblinks 8y agoI understand you here. I just quit a financial startup. My runway is more than 10 years because I only have to take care my mother (Yeah, Single forever!). The real issue is mental health, that would lead to physical health if not aware!
- pkaye 8y agoI hope you still have good health/life insurance. Maybe you are young but life changing events can happen to anyone as it did to me.
- DVassallo 8y agoI do. Got a $5M life insurance, and disability insurance that pays $10K/month if I can't do my work anymore. Got a high deductible health insurance through the ACA exchange. Life and disability insurance were quite cheap actually: about $3K/year in total (age 35 and good health). Health insurance is obviously expensive. The cheapest is about $14K/year here in WA for a family of four (which is what I got). Deductible is about $7/$14K IIRC.
- j4kp07 8y ago> The cheapest is about $14K/year here in WA for a family of four (which is what I got). Deductible is about $7/$14K IIRC. Just think, you need to have $21k in medical receipts before you can even break even. ACA is such a joke and yet many people in our society believe MORE "free" healthcare will drive prices (ie. taxes) lower.
- pxue 8y agohey man. just FYI i'd kill to be in your shoes. - almost broke startup founder
- wherehere 8y agoI am also living in Seattle area with couple of kids and my expenses are in the same ballpark.