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My number is whatever it would take to buy a house in cash and live off my investments for a while. This depends entirely on my rate of burnout. I'm 3 years int
by uejfiweun 4y ago
My number is whatever it would take to buy a house in cash and live off my investments for a while. This depends entirely on my rate of burnout. I'm 3 years into my career and I'm feeling good right now, but anything can happen. If I can stick it out for another 20 years, maybe that's enough for a decent home in Los Altos and enough investment income to have a bay area standard of living, so that's maybe $5M to $10M. If I burn out relatively quickly, then maybe I just move to some rural area and live cheaply, so that might be more like $1M to $2M.
Of course, the only way I could possibly achieve these numbers is if tech doesn't crash horribly, which is seeming increasingly possible. So I'm trying to buckle down for a standard 50 year career.
- altdataseller 4y agoCan $5m in Los Alto get you a decent home and enough left over to sustain you?
- herodoturtle 4y agoI like this approach. Instead of focusing on a number, focus instead on the exit lifestyle that I can afford at any given time - starting with what I can afford right now. Then draw inspiration from growing my affordability criteria, and apply this inspiration in my daily pursuit of unlocking an increasingly improved lifestyle. Edit: Fear not; tech won't crash. I've been through a couple recessions now. Tech always perseveres after the hiccup.