31–40 of 51 posts
Didn't get a new car - spent a bit on maintenance of a 2008 Civic. New tires do a lot!
Gonna go see My Chemical Romance a few times (once overseas - work that strong dollar!)
I have a large cash cushion that can fund the next 5 years of my life. Other than that, I'm prepared to postpone some life goals if shit does hit the fan.
Hopefully you'll never have to deal with what's happening in (e g.) Turkey over the last few years, but: if you were Turkish and you had five years worth of cash saved up two years ago, and you've never spent any of it, you now have what, 1 year's worth of cash?
We assume this'll never happen to the dollar/euro/pound, but what if it does? Even to a lesser degree. Are you prepared?
Financially, I moved from the EU to South East Asia, decreasing cost of living by 70-80%. Additionally, just before I moved I was able to get a position with a 50% increase in pay. I'm saving a lot of money here, and locally am investing it into quite a few ventures which would continue to exist if the worlds economy would go south. Mentally & physically, I am taking beatings, right and left, every day, doing martial…
What do you think is going to happen? Mass civil unrest?
I'm probably an outlier, but I just... haven't? I grew up extraordinarily poor and spent the first few years of my adult life working low-paying jobs while teaching myself to code until I've gotten to where I am now. I feel incredibly and unbelievably blessed to have "made it" relative to where I, my family, and any of my peers would have ever previously thought possible. This, I think, has also changed how I view po…
It looks like many unicorns are dying, and that could cause a shockwave, especially when others rely on them. But I don't think it will ever get as bad as when I first started.
Buying more gpus
Financially, I moved from the EU to South East Asia, decreasing cost of living by 70-80%. Additionally, just before I moved I was able to get a position with a 50% increase in pay. I'm saving a lot of money here, and locally am investing it into quite a few ventures which would continue to exist if the worlds economy would go south. Mentally & physically, I am taking beatings, right and left, every day, doing martial…
Do you have suggestions for finding jobs that support this kind of work arrangement? For example, do the jobs advertise themselves as 100% remote from the beginning, or is that something you negotiated with them during the interview process? Also, how do you deal with the time difference?
I'm not planning to take 5 years off, I'm gonna take a few months to work on my own projects, then a vacation for a month or two since I haven't been home since before covid. Hopefully one of my own projects will start to earn me some money and I'll work on growing that, but if it doesn't I'll probably start looking for more freelance work at around the 6 month mark.
It's not all roses, there's visa issues, tax compliance is essentially impossible (although I do have a visa that allows me to work) and I do sometimes struggle with the culture here, as much as I love other parts of it (so not much different to home there I guess).
But, on the other hand, as someone who grew up poor, this level of financial security is almost impossible to believe. I can just... Take 6 months off work. Or a year even. And not have to worry about money. I feel free in a way that I never have before. I know this is privilege and I acknowledge that and try to ensure I don't abuse it.
Financially, I moved from the EU to South East Asia, decreasing cost of living by 70-80%. Additionally, just before I moved I was able to get a position with a 50% increase in pay. I'm saving a lot of money here, and locally am investing it into quite a few ventures which would continue to exist if the worlds economy would go south. Mentally & physically, I am taking beatings, right and left, every day, doing martial…
where in SE Asia?
I have a large cash cushion that can fund the next 5 years of my life. Other than that, I'm prepared to postpone some life goals if shit does hit the fan.
If you're storing your assets as cash, how will you deal with inflation? Hopefully you'll never have to deal with what's happening in (e g.) Turkey over the last few years, but: if you were Turkish and you had five years worth of cash saved up two years ago, and you've never spent any of it, you now have what, 1 year's worth of cash? We assume this'll never happen to the dollar/euro/pound, but what if it does? Even t…
I do the same as the OP and the way I deal with inflation is that I just keep adding more money every month. The objective of this stash is not to make a profit or fight inflation, its just to have a good enough amount of money to survive with 0 salary for at least a year. Regardless of whether or not I have a year worth of money, I just keep adding more.