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How do you plan to get back to work-force after the money you saved up run dry? Majority of software engineers are able to save up for few years forth of expen

by pojzon 6y ago

How do you plan to get back to work-force after the money you saved up run dry? Majority of software engineers are able to save up for few years forth of expenses by not going into any major investments. To give an example - I can stop working for 3 years now, but Ill have huge issues explaining that afterwards. And if I plan to build a house - there is no option for me to stop working for the next 10 years. Not everyone is in so proviliged place.

zemvpferreira 6y ago
True, but a few of us are - it’s definitely possible to save enough to never have to work again. Here in Lisbon, you can live a perfectly comfortable life forever if you hit around 300-400k € in equity. That’s money, but nothing impossible.
- war1025 6y ago
  > Here in Lisbon, you can live a perfectly comfortable life forever if you hit around 300-400k € in equity. Is that assuming single with no dependents? If I were single, I could definitely see that working. But with a wife and three kids, it seems less possible.
  - zemvpferreira 6y ago
    Well that’s definitely a life choice I haven’t made. But assuming your wife brings her own 300-400k to the party (only fair) then it’s completely doable.
    - war1025 6y ago
      Well, since my wife stays home with the kids, I guess I'll have to keep saving a while. 600-800k isn't all that far off in the grand scheme of things.
      - zemvpferreira 6y ago
        Well, being pragmatic you could still retire on 400k with a family of four in Portugal, especially outside the capital, and on a very reasonable standard of living. I just prefer to assume a per-adult-capita amount. Sorry if that was unclear originally.
        war1025 6y ago
        I've drunk the Mr Money Mustache [1] / FIRE koolaid to some extent. Mostly just looking to start a conversation since it's a topic I'm interested in. [1] https://www.mrmoneymustache.com/ https://www.mrmoneymustache.com/
djtriptych 6y ago
what needs to be explained? If you're good, employers don't really care if you take time off to do other stuff.
- pojzon 6y ago
  Few years without side projects can really put you out of business in IT if you dont have a very specialized knowledge. Im not gonna talk about management path because „few years adventure to seek out true self” can be seen as „brave” and „what a true leader would do” yada yada
pyrrhotech 6y ago
I'm very frugal, it would be difficult for my stash to be depleted. My conservative long term investments provide more than enough cash flow for my basic necessities - I only put extra in the algo for now, though the algo is less volatile so far than my long term investments.
- deleted 6y ago
  [deleted]

by pojzon 6y ago

zemvpferreira 6y ago

True, but a few of us are - it’s definitely possible to save enough to never have to work again. Here in Lisbon, you can live a perfectly comfortable life forever if you hit around 300-400k € in equity. That’s money, but nothing impossible.

war1025 6y ago
> Here in Lisbon, you can live a perfectly comfortable life forever if you hit around 300-400k € in equity. Is that assuming single with no dependents? If I were single, I could definitely see that working. But with a wife and three kids, it seems less possible.
- zemvpferreira 6y ago
  Well that’s definitely a life choice I haven’t made. But assuming your wife brings her own 300-400k to the party (only fair) then it’s completely doable.
  - war1025 6y ago
    Well, since my wife stays home with the kids, I guess I'll have to keep saving a while. 600-800k isn't all that far off in the grand scheme of things.
    - zemvpferreira 6y ago
      Well, being pragmatic you could still retire on 400k with a family of four in Portugal, especially outside the capital, and on a very reasonable standard of living. I just prefer to assume a per-adult-capita amount. Sorry if that was unclear originally.
      - war1025 6y ago
        I've drunk the Mr Money Mustache [1] / FIRE koolaid to some extent. Mostly just looking to start a conversation since it's a topic I'm interested in. [1] https://www.mrmoneymustache.com/ https://www.mrmoneymustache.com/

djtriptych 6y ago

what needs to be explained? If you're good, employers don't really care if you take time off to do other stuff.

pojzon 6y ago
Few years without side projects can really put you out of business in IT if you dont have a very specialized knowledge. Im not gonna talk about management path because „few years adventure to seek out true self” can be seen as „brave” and „what a true leader would do” yada yada

pyrrhotech 6y ago

I'm very frugal, it would be difficult for my stash to be depleted. My conservative long term investments provide more than enough cash flow for my basic necessities - I only put extra in the algo for now, though the algo is less volatile so far than my long term investments.

deleted 6y ago
[deleted]