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This sort of thing is why remote employees are going to be the first to be laid off during hard times. It's going to suck going from 600k /yr to zero.
by jollyllama 4y ago
This sort of thing is why remote employees are going to be the first to be laid off during hard times. It's going to suck going from 600k /yr to zero.
- slekker 4y agoIf they perform well, I wouldn’t think so, bad performers will go first. The way you phrased it makes it look like you are really jealous :)
- jollyllama 4y agoMaybe. We all get to choose our own life strategies.
- rednerrus 4y agoIf you can make it work for a year, you've got 3 years of padding.
- jollyllama 4y agoMaybe you do, maybe you don't; it depends on what assets the money has been invested in. I doubt someone who chooses to pursue this kind of path keeps it as mattress cash.
- bobkazamakis 4y agowhat's the argument here? investing has risks?
- jollyllama 4y agoThat it would, in fact, suck to go from 670/yr to 0 - unemployment.
- hollywood_court 4y agoNot necessarily. Since my wife and I married 8 years ago, we’ve never spent more that 40% of our combined income annually. I haven’t had consistent income for almost 9 months now as I am attempting to transition from a blue collar lifestyle (carpenter and electrician) to become a web developer. I wrote my first html and qbasic code back in the 90s but I always told myself that I could never be anything other than a tradesmen because of my upbringing. Now I’m looking to change that and it’s only possible because we’ve been so frugal.
- dzhiurgis 4y agoGoing to 0 always sucks
- wahnfrieden 4y agoSeems about 3x less certain than someone with one job going from 200k to 0
- malux85 4y agoIf you're undisciplined with money it will suck. I spend less than 20% of what I earn, and if I went up to 600k then it would be a smaller percentage. Not everyone follows the hedonistic treadmill and does that stupid thing of increasing expenses instead of increasing money-producing assets.
- wahnfrieden 4y agoPeople often combine OE with FIRE
- malux85 4y agoWhat are these things?
- wahnfrieden 4y agooveremployed, financial independence retire early in other words, take multiple jobs, work only as long as it takes to do the work for each, and save in order to retire young
- skimo8 4y agoI certainly hope not. I've been fully remote working a single job in a tiny, mountain town since 2016 and have been more productive than ever. I'm happy to travel for work, but will never give up my morning coffee on the continental divide for an office again. I'll switch professions and work at the local hardware store to keep this up :) (I do very much enjoy software work FWIW) It's quite gratifying being in an environment surrounded by what you love. It's not for everyone, and I'm very grateful it all worked out. Unfortunately, the little towns like this just don't have economies to support my profession, and I'm incompatible with the big cities.
- wahnfrieden 4y agoLayoffs are happening and only the overemployed are the ones who easily weather that. It’s job insurance. In the US employers will drop people on a dime
- jollyllama 4y agoYou don't think that this will be a factor? Managers will favor those they know are not dividing their time or attention over those they suspect, or those of whom they are unsure. That's the crux of my theory here.
- wahnfrieden 4y agoLayoff has been high risk for many now, OE or not. Many who OE meet or exceed performance expectations