Well-off devs like the guy who quit Amazon don't have $$$ issues, so he can afford to do that.
Others don't, and that doesn't make them bad.
That makes them care for their family first.
Well-off devs like the guy who quit Amazon don't have $$$ issues, so he can afford to do that.
Others don't, and that doesn't make them bad.
That makes them care for their family first.
That was the entire point. He addressed your concern in the first two paragraphs.
And it’s not just a perceived fear. The data shows that if you’re not in the portion of people increasing their rate of income/wealth growth, then you’re in the portion that is decreasing in income/wealth growth, and that compounds for your kids.
I would want a few hundred thousand in passive income before I would say I had FU money, which also means a few million in diversified assets other than my house. Especially in the US, where quality healthcare is a minimum $20k per year for a family in insurance premiums alone plus a few ten thousands in out of pocket costs.
That is, from any objective viewpoint, absurd. Moreover, it's a recipe for talking yourself into an ever-extended stay in a situation that, fundamentally, doesn't comport with your values. I don't say this to attack the OP – I've seen the same process happen to good people, seen people feel "poor/underpaid" while making $200k.
Instead, my focus is on the other people. Pay attention to OP, and realize just how powerful an influence the right (wrong) "circle of friends and family" can be. Imo, you should think very carefully before spending your life around a circle that would cause you to think financial security requires $7 million.