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Wealthy is like AI, always the next step, never the current circumstances. Even with 1 million in the bank, the only risk you may face is a slightly worse life
by rtsil 5y ago
Wealthy is like AI, always the next step, never the current circumstances.
Even with 1 million in the bank, the only risk you may face is a slightly worse lifestyle and the possibility of having to relocate to a cheaper area. In a world where working remote at least partially has become a viable solution unless you work in hardware.
- lumost 5y agoMy first tech job paid 30k/yr 10 years ago. Present tech incomes are not necessarily indicative of future earnings potential. Agreed that with 1 million in the bank destitution is not a real risk, but childcare can run 30-70k/yr. Being forced by circumstances to uproot is far from ideal. 1 million in the bank with drawdowns also runs a severe risk of being hit by a crash sometime in the next 30-70 years one might draw from it.