So many people, especially in tech, work jobs that pay really, really, really well compared to most people and piss it away on stupid shit. You can choose to save a lot of that money instead and still have a very good and fulfilling life.
Eventually, when you have enough savings/investments to cover you for a few years, your life changes. You don't have to worry so much if people are getting laid off, or if your job starts demanding unreasonable things.
There's no security in the world like knowing you can tell your boss "fuck you" and be fine for a year or more (except perhaps two years or more =P ). You don't have to do it; you can just always know that you have the cash to walk out the door and never come back.
Or you can drive a Tesla.
I bet I know which one makes you feel better when you put your head on your pillow at night.
The question is where to get that reliable rate of return.
As I've thought about my investments, I've also struggled with the notion that I'm very heavily in non-dividend paying equities. While my growth has been great, I'm not really deriving any passive investment income to offset my living expenses (presumably for the opportunity for a higher rate of growth).
Do many that aim for this tend to focus more on dividend and income-providing investments instead, despite the lower rates of return?
So many people, especially in tech, work jobs that pay really, really, really well compared to most people and piss it away on stupid shit. You can choose to save a lot of that money instead and still have a very good and fulfilling life.
Eventually, when you have enough savings/investments to cover you for a few years, your life changes. You don't have to worry so much if people are getting laid off, or if your job starts demanding unreasonable things.
Here's the article that brought me to that video, and goes more in depth about the concept. I highly recommend it - http://jlcollinsnh.com/2011/06/06/why-you-need-f-you-money/