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"My target is to cover my family’s expenses before I run out of savings" On the one hand I applaud people chasing their dreams, taking risks to start something
by jacknews 8y ago
"My target is to cover my family’s expenses before I run out of savings"
On the one hand I applaud people chasing their dreams, taking risks to start something new etc, but on the other hand, it seems like he's putting a lot of risk on the family and even seems a bit selfish to me.
Wouldn't he be better off starting a fulfilling hobby, or trying to negotiate a 3 or 4-day work-week and starting a side business, etc?
- DVassallo 8y agoI couldn't do a side business while working from Amazon. My employment contract prevented it. But even if I was allowed, I probably still would have left first. It's hard working full-time, raising kids, and doing a side-business. If the circumstances were drastically different I could have done that, but I didn't need to. About risk to the family: If I don't manage to pull this off for whatever reason (run out of money, get bored, find it too hard, etc), I'll just go back on the job market. I promised my family that our lifestyle won't change, and if our savings drop below a certain threshold I'll get a job and make sure our expenses are covered. For catastrophic stuff I got abundant insurance (life, disability, health) to protect the family. If we end up spending all our savings, we can consider it an advance from retirement and I’ll make up for it later.