I think we need a monthly "who wants to be fired" thread where we share our progress on this.
I think we need a monthly "who wants to be fired" thread where we share our progress on this.
Even if you don’t live paycheck to paycheck, the life style of owning a place AND living off your investments, is extremely hard to pull off.
You most likely need to be single (or couple both in tech), no kids, making FAANG salary, living frugally (no travel, no expenses outside of food, shelter and necessities). Or you need to use geo arbitrage, which again means probably no kids, while being able to secure a high paying remote job in the US.
I wish it was more affordable, but it’s not. Therefor advice like “buy a house and live off your investments” are equivalent to filling a winning lottery ticket.
But I strongly believe you're making this out to be much more difficult than it is if you are making decent (not "FAANG level") tech-type salaries. Where I live tech jobs generally pay at about double the amount of people in trades, for example. E.g. a mid-level software engineer is making at least 160-180k, while a trades person (plumber, etc.) with similar experience is making 80-90k.
So obviously if you can live at the level of these trades people, you can save up enough to be able to live without a salary for some time.
The problem is that most people just get used to their standard of living and find it hard to downsize. That's fine, but it's still very much a choice.