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My main worry is that I won’t save enough for hard times in the future if I’m living organically without much future planning. Have you ever had fears like tha
by selestify 5y ago
My main worry is that I won’t save enough for hard times in the future if I’m living organically without much future planning. Have you ever had fears like that?
- devangs 5y agoUltimately, it depends on the type of risks you’re trying to mitigate and the type of skills you have to earn again. If you’re a software developer (or a plumber or a CPA etc) you can always get back into the workforce after some amount of time. If it takes you 1 year to leetcode and find a new job, you just need to keep 1 year of expenses as cash on hand. Tail risk is a different story, but you can spend your whole life working and not save enough to handle all tail end scenarios