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For a single hard-working person, it can actually be a healthy and productive environment. I lived in my car at a FAANG parking lot when I started my career the

For a single hard-working person, it can actually be a healthy and productive environment. I lived in my car at a FAANG parking lot when I started my career there. The money I saved and instead invested ensured my ability to afford a nice home in a good area for the family which I eventually started, and to lead the life I wanted to. It was a deliberate sacrifice, and it kept me hyper-focused on career and personal growth. But I do think being laid off and ending up in the same circumstances would produce a different perspective on the living arrangement. My point is, one's attitude and outlook on life is more important than the material foundations to it.

toss1 3y ago
>> My point is, one's attitude and outlook on life is more important than the material foundations to it. True! That said, the material foundations are a bit different when building a safety net vs spending it.
JCharante 3y ago
That sounds great. When I was a teenager my dream was to live in an RV at Google Headquarters (maybe that’s still in my future, although I think they started cracking down on that a decade ago)
renewiltord 3y ago
A room is $1k. Over 5 years that’s about $90k at a 7% annual return compounding monthly. So that’s the opportunity cost. But over that period that’s about $750k in post tax income which if you applied same compounding is 1.1 m. So that puts you at about 9%. Significant and reasonable if your car is already paid off, I suppose, since you won’t get that much for selling it.