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Everyone has an opinion on that matter, but if you’re making software engineer money then this might be a viable option: mrmoneymustache.com Maybe you’ve alrea
by ornornor 5y ago
Everyone has an opinion on that matter, but if you’re making software engineer money then this might be a viable option: mrmoneymustache.com
Maybe you’ve already heard of tha blog, maybe not. In a nutshell: rethink your life and your expenses so you’re able to save 50+% of your income. Put it into low cost ETFs (which particular one depends on what’s available where you live), and after a while (13 years at 50%, much less at more saving), you’ll have the option to not work anymore and still cover all your life expenses etc.
Not selling anything, not looking to start a debate, just mentioning it because parent might be interested or curious.
- bodge5000 5y agoHuh, maybe that is it, at least here on HN. I'm perhaps a bit younger than a lot of the people on here (24), and maybe I dont earn as much, so the answer may well just be time, which is disappointingly not the bombshell I was hoping for, but does make a lot more sense. Cheers!
- csunbird 5y agoMight be true for people posting here and getting paid 300-500k per year, but this is simply not possible for people working for lower salaries in non SF companies, especially for people in Europe. If you are able to spend 300k a year, you will be working until end of your days anyways.
- bodge5000 5y agoBloody hell, if thats the amount needed, then yeh I'm a long way off. I don't even think I'm badly paid, but 300k a year is silly money
- ornornor 5y agoI can tell you I’m paid nowhere near these SV-Unicorn numbers and saving over 50% of our net income is really not that much effort. And we’re renting, we don’t own.