4 ms·
Saving was useful until my career ended with everything about my profession changed. Resilient savings is a great idea until it fails. Then adaptation and impro
by m0llusk 6y ago
Saving was useful until my career ended with everything about my profession changed. Resilient savings is a great idea until it fails. Then adaptation and improvisation perform better.
- akeck 6y agoThis is a failure mode I sometimes fear - a relatively quick complete industry shift that renders all my marketable skills moot. Can you talk more about what happened in your case?
- AstralStorm 6y agoSkills can be gained. The bigger more of failure is a health reason preventing you from working most everywhere or in a huge chunk of work. Calculate the summed rates of cancer, heart attack with complications, blindness, deafness and maiming accidents. This makes stable FIRE risky, and the solution to limit exposure to these risks is to save even more, but invest a bit less, and ensure you get the illiquid assets needed for long term survival as early as you can.