4 ms·

Money isn’t everything, but the math behind retirement saving is compelling. https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early

Money isn’t everything, but the math behind retirement saving is compelling. https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ https://www.mrmoneymustache.com/2012/01/13/the-shockingly-si...

maxlamb 2y ago
Right but what if you enjoy your job and don’t want to retire?
- sokoloff 2y ago
  Knowing that you have F-you money in investments makes it a lot more likely that you can enjoy your job and removes other stresses in life, or at least it did in my case even with only lowercase f-you money.
- malux85 2y ago
  Having the option is better than not having it
- WrongAssumption 2y ago
  What if you stop liking your job?
  - desmosxxx 2y ago
    This happened to me sometime between my first and second kids (last year or so). It was some mix of changing priorities, less time, starting to feel my age, work becoming more difficult, company cultural changes, etc. I think I've stuck a decent balance of saving and living, but man does life come at you fast. Went from happily working 60-80 hours (including some side projects) to struggling to work 40 hours. Reminds me of how one day something switched and I just couldn't drink anymore. Age is probably the biggest factor, and I can't imagine what this is going to be like in my 50s (just turned 40).
- 01HNNWZ0MV43FF 2y ago
  Then take more unpaid sabbaticals, or buy a boat. "Too much money" is a solved problem
- _zoltan_ 2y ago
  I love my job but having too much money would let me email someone 4 higher in the hierarchy to give them my opinion on things. :)
  - sokoloff 2y ago
    Paradoxically, I think the willingness and ability to do that (assuming it's used at all reasonably) tends to increase your visibility and perceived value to the company when averaged over a large number of trials. "This is stupid, but I'm going to keep my mouth shut because I like to eat and live indoors." vs "This is stupid and I'm going to tell the CEO that and suggest a better alternative."
- nly 2y ago
  Work is more enjoyable when you don't have to do it for money
ryandrake 2y ago
Yep, I look at every extra dollar I could make (that I don't technically need to survive) as some number fewer minutes until I can retire. So every extra dollar is worth it, no matter how frugal my lifestyle is.
- kennyloginz 2y ago
  Wow. Is this really true? Do you live in a studio apt in the Midwest while working for a FAANG?
  - ryandrake 2y ago
    I consider myself a "FIRE devotee without the compensation necessary to actually FIRE." So yea, time to retirement is definitely a variable that I actively try to minimize however I can. I don't want to be one of those guys who has to wait so long to retire that they're dead.
    - chgs 2y ago
      I’ve known far too many people who die within 3 years of retirement regardless of age. Quality of life now is more important to me.
- kulahan 2y ago
  Here’s hoping you’re lucky enough to live until then. Don’t forget to live in the meantime. It’s a lot easier to hike across Europe in your 30s than in your 50s.
  - ThrowawayR2 2y ago
    "Here’s hoping you’re lucky enough to live until then."? The median lifespan is over 80 and developers are paid above the median, often by quite a bit. It's far, far more likely in your 50s that you'll be staring down the barrel of a layoff + industry downturn and cursing yourself for the money spent on your trip across Europe and other frivolities in your 30s.
Am4TIfIsER0ppos 2y ago
Soon to have 25% skimmed off every year and that's assuming you get to live long enough to spend it.
- BadHumans 2y ago
  I assume you're talking about the proposed tax on unrealized gains that only applies on holdings over 100 million. 100 million dollar threshold being a critical piece of information you conveniently left out.
  - Am4TIfIsER0ppos 2y ago
    How many people did the original income tax apply to?
    - BadHumans 2y ago
      I don't think it matters. I'm in favor of the tax as proposed. If it changes I'll adjust my stance accordingly.

maxlamb 2y ago

Right but what if you enjoy your job and don’t want to retire?

sokoloff 2y ago
Knowing that you have F-you money in investments makes it a lot more likely that you can enjoy your job and removes other stresses in life, or at least it did in my case even with only lowercase f-you money.
malux85 2y ago
Having the option is better than not having it
WrongAssumption 2y ago
What if you stop liking your job?
- desmosxxx 2y ago
  This happened to me sometime between my first and second kids (last year or so). It was some mix of changing priorities, less time, starting to feel my age, work becoming more difficult, company cultural changes, etc. I think I've stuck a decent balance of saving and living, but man does life come at you fast. Went from happily working 60-80 hours (including some side projects) to struggling to work 40 hours. Reminds me of how one day something switched and I just couldn't drink anymore. Age is probably the biggest factor, and I can't imagine what this is going to be like in my 50s (just turned 40).
01HNNWZ0MV43FF 2y ago
Then take more unpaid sabbaticals, or buy a boat. "Too much money" is a solved problem
_zoltan_ 2y ago
I love my job but having too much money would let me email someone 4 higher in the hierarchy to give them my opinion on things. :)
- sokoloff 2y ago
  Paradoxically, I think the willingness and ability to do that (assuming it's used at all reasonably) tends to increase your visibility and perceived value to the company when averaged over a large number of trials. "This is stupid, but I'm going to keep my mouth shut because I like to eat and live indoors." vs "This is stupid and I'm going to tell the CEO that and suggest a better alternative."
nly 2y ago
Work is more enjoyable when you don't have to do it for money

ryandrake 2y ago

Yep, I look at every extra dollar I could make (that I don't technically need to survive) as some number fewer minutes until I can retire. So every extra dollar is worth it, no matter how frugal my lifestyle is.

kennyloginz 2y ago
Wow. Is this really true? Do you live in a studio apt in the Midwest while working for a FAANG?
- ryandrake 2y ago
  I consider myself a "FIRE devotee without the compensation necessary to actually FIRE." So yea, time to retirement is definitely a variable that I actively try to minimize however I can. I don't want to be one of those guys who has to wait so long to retire that they're dead.
  - chgs 2y ago
    I’ve known far too many people who die within 3 years of retirement regardless of age. Quality of life now is more important to me.
kulahan 2y ago
Here’s hoping you’re lucky enough to live until then. Don’t forget to live in the meantime. It’s a lot easier to hike across Europe in your 30s than in your 50s.
- ThrowawayR2 2y ago
  "Here’s hoping you’re lucky enough to live until then."? The median lifespan is over 80 and developers are paid above the median, often by quite a bit. It's far, far more likely in your 50s that you'll be staring down the barrel of a layoff + industry downturn and cursing yourself for the money spent on your trip across Europe and other frivolities in your 30s.

Am4TIfIsER0ppos 2y ago

Soon to have 25% skimmed off every year and that's assuming you get to live long enough to spend it.

BadHumans 2y ago
I assume you're talking about the proposed tax on unrealized gains that only applies on holdings over 100 million. 100 million dollar threshold being a critical piece of information you conveniently left out.
- Am4TIfIsER0ppos 2y ago
  How many people did the original income tax apply to?
  - BadHumans 2y ago
    I don't think it matters. I'm in favor of the tax as proposed. If it changes I'll adjust my stance accordingly.