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While this works great for certain individuals who don't live in expensive parts of the world… $10 an hour with a family is going to be a tough time for many of

While this works great for certain individuals who don't live in expensive parts of the world… $10 an hour with a family is going to be a tough time for many of the more expensive states. Of course nothing prevents one from moving but not everyone is willing to do that. $10 per hour averages out to a little over $20k per year. If you aren't full time you probably aren't getting a lot of other benefits as well that will come out of pocket. Would be pretty tempting to work for 1 year at $200k and live off your savings for 10 years. If you even did a very modest investment it probably would stretch far further than 10 years. Not trying to suggest you change anything if you are happy but your comment made me want to do a little math to compare scenarios and I figured others might find it interesting as well.

haskellandchill 6y ago
Oh I mean I'm not at $10 anymore, that was as a line cook. I'm back as a software engineer and most roles pay over $100k. I moved to a low cost of living area and am single with no prospects for family (not by choice).
- FalconSensei 6y ago
  > Now, like I said I don't care and am just grateful to be employed with compensation above survival. > I'm back as a software engineer and most roles pay over $100k I would say thinking of 100k as 'above survival' is kind of cheating. Technically it is, but... makes it easy to say you don't care about money when you alone already make more than most families
  - haskellandchill 6y ago
    True, it shows I'm missing the 40-70k range experience. 100k is thriving money for sure.
    - FalconSensei 6y ago
      Yeah. I had experience in the 3 ranges. Most of my life was in a 'good pay, but nothing too much' - which would probably translate as in the 40-70k. That was back in Brazil, so numbers don't just convert as easily. For that range, you are glad you have a decent pay, and make more than MANY people, but still care for more money, as you will not have much left for extra spendings like travel, buying new shiny things, getting a new car (in Brazil), or in case of an emergency. With 100k you can stop thinking about getting more money and at least not have that as a goal. Which of course is liberating and make life so much easier. The difference from 50k to 100k is way bigger than 100k to 150k.

haskellandchill 6y ago

Oh I mean I'm not at $10 anymore, that was as a line cook. I'm back as a software engineer and most roles pay over $100k. I moved to a low cost of living area and am single with no prospects for family (not by choice).

FalconSensei 6y ago
> Now, like I said I don't care and am just grateful to be employed with compensation above survival. > I'm back as a software engineer and most roles pay over $100k I would say thinking of 100k as 'above survival' is kind of cheating. Technically it is, but... makes it easy to say you don't care about money when you alone already make more than most families
- haskellandchill 6y ago
  True, it shows I'm missing the 40-70k range experience. 100k is thriving money for sure.
  - FalconSensei 6y ago
    Yeah. I had experience in the 3 ranges. Most of my life was in a 'good pay, but nothing too much' - which would probably translate as in the 40-70k. That was back in Brazil, so numbers don't just convert as easily. For that range, you are glad you have a decent pay, and make more than MANY people, but still care for more money, as you will not have much left for extra spendings like travel, buying new shiny things, getting a new car (in Brazil), or in case of an emergency. With 100k you can stop thinking about getting more money and at least not have that as a goal. Which of course is liberating and make life so much easier. The difference from 50k to 100k is way bigger than 100k to 150k.