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> I'd settle for early retirement and lake house scale. You can get that as a tech employee with much less risk. Get into tech in your 20’s, do good enough wo

by Swizec 3y ago

> I'd settle for early retirement and lake house scale. You can get that as a tech employee with much less risk. Get into tech in your 20’s, do good enough work, invest the money you aren’t using, and you can retire by 45 or so with a very low degree of variance. Lake houses are pretty cheap too. Plenty of cute lakes in unpopular hard to reach areas.

zht 3y ago
how can you claim this with a straight face (in terms of low variance)?
- Swizec 3y ago
  > how can you claim this with a straight face (in terms of low variance)? Because I’ve been following tech salaries for 10+ years. If you can’t retire early (before 65) after making 150k+/year for 20+ years, you’re rather living way beyond your means or have very high expectations for what a normal person retirement looks like. edit: or I guess in America it means you had a medical scare or two that burned all your money. But that’s not a problem anywhere else and has little to do with the maths behind savings. Tech incomes come with decent insurance at least
  - icedchai 3y ago
    Though what you say is technically true, most people I know don't have the mindset to save and invest for the long term. Many people making six figures live paycheck to paycheck. They spend every dollar they make, and then some. If we had better financial education in America, early retirement would be much more common.
  - zht 3y ago
    isn't thi assuming sustained, averaged growth of some portfolio over decades will continue? isn't this literally past results guarantee future returns?
paulddraper 3y ago
> Lake houses are pretty cheap too. Anything that you'd colloquially call a "lake house" is going to be $1m+, even in frigid remote areas. But, IDK with inflation maybe in 2023 a $1,000,000 purchase does count as "cheap."
- Swizec 3y ago
  I live in SF so a 1mil lake house feels pretty cheap compared to a 1mil 1.5-bedroom apartMent. Also there are many countries outside USA with way cheaper lake houses. Prettier lakes too.
- carom 3y ago
  850k Montana - https://redf.in/tica6H https://redf.in/tica6H 865k Texas - https://redf.in/ubeUye https://redf.in/ubeUye 590k California - https://redf.in/bYUSU3 https://redf.in/bYUSU3 I could do this all day, I enjoy it.
  - paulddraper 3y ago
    First one is explicitly listed as a fixer-upper. Last one is <1500 sq ft. I gotta hand it to you, the second one is fantastic deal, I wonder why. Maybe bad schools or something. But still.
    - carom 3y ago
      Initially my search had an acre as the minimum lot size. There are probably much better deals in Montana than what I saw. Same for Texas. The issue in Texas is it takes forever to get anywhere from those river front and lake communities. Not a problem if you're remote, bit of a drag if you work in Austin.

by Swizec 3y ago

zht 3y ago

how can you claim this with a straight face (in terms of low variance)?

Swizec 3y ago
> how can you claim this with a straight face (in terms of low variance)? Because I’ve been following tech salaries for 10+ years. If you can’t retire early (before 65) after making 150k+/year for 20+ years, you’re rather living way beyond your means or have very high expectations for what a normal person retirement looks like. edit: or I guess in America it means you had a medical scare or two that burned all your money. But that’s not a problem anywhere else and has little to do with the maths behind savings. Tech incomes come with decent insurance at least
- icedchai 3y ago
  Though what you say is technically true, most people I know don't have the mindset to save and invest for the long term. Many people making six figures live paycheck to paycheck. They spend every dollar they make, and then some. If we had better financial education in America, early retirement would be much more common.
- zht 3y ago
  isn't thi assuming sustained, averaged growth of some portfolio over decades will continue? isn't this literally past results guarantee future returns?

paulddraper 3y ago

> Lake houses are pretty cheap too. Anything that you'd colloquially call a "lake house" is going to be $1m+, even in frigid remote areas. But, IDK with inflation maybe in 2023 a $1,000,000 purchase does count as "cheap."

Swizec 3y ago
I live in SF so a 1mil lake house feels pretty cheap compared to a 1mil 1.5-bedroom apartMent. Also there are many countries outside USA with way cheaper lake houses. Prettier lakes too.
carom 3y ago
850k Montana - https://redf.in/tica6H https://redf.in/tica6H 865k Texas - https://redf.in/ubeUye https://redf.in/ubeUye 590k California - https://redf.in/bYUSU3 https://redf.in/bYUSU3 I could do this all day, I enjoy it.
- paulddraper 3y ago
  First one is explicitly listed as a fixer-upper. Last one is <1500 sq ft. I gotta hand it to you, the second one is fantastic deal, I wonder why. Maybe bad schools or something. But still.
  - carom 3y ago
    Initially my search had an acre as the minimum lot size. There are probably much better deals in Montana than what I saw. Same for Texas. The issue in Texas is it takes forever to get anywhere from those river front and lake communities. Not a problem if you're remote, bit of a drag if you work in Austin.