3 ms·

So do I take out the 30-year mortgage or...?

• quonn 4y ago
  This is a valid point. I‘m in a similar position and try to pay it off faster. However my point stands. We don‘t know. This kind of uncertainty is uncomfortable but it‘s best to ignore it. Forget about ChatGPT until you have seen the industry change. edit: I would also argue to keep investing in yourself. What else is there to do? If AI gets to the point of replacing developers it will equally affect most office jobs. If you want to be a builder you can become that later. Everyone else would and the economy would likely collapse. We‘ll see when we get there. Imagine an uber or taxi driver reading about self-driving cars in 2010 and dropping everything. Yet, a decade later uber is the same. Most likely it will be the same in 5 years. Even if self-driving cars arrive it will take until 2030 or 2035 for them to be widely used.
• bdcravens 4y ago
  I did, at age 45. Will I be around when I'm 75? Will I be working in 10 years? No idea.
• coldpie 4y ago
  Sure. The advice is the same as it ever was: spend well below your means, build up a savings buffer (>= 6 months of expenses), eliminate debt ASAP. The advice is what it is, exactly for situations like the ones you're imagining. No need to put your life on hold.
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  • SirMaster 4y ago
    "eliminate debt ASAP" This doesn't seem like the best advice IMO. Debt is like one of the best tools that exists to grow your wealth.
    • coldpie 4y ago
      That's fair. I'm viewing it from the perspective of how to protect one's self from sudden & possibly long-term job loss, where I think there's a lot of value in having one less thing hanging over your head during a stressful time. But building an even bigger buffer to further weather that period is a fine strategy, too.
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