In the meantime I'll enjoy the ride!
The quiet rebellion of a little life
111–120 of 135 posts
Re: The quiet rebellion of a little life
#112Earlier quoted context omitted.
You said: > The author frames it as if you can just semi-retire and still have $200K a year I was just responding to that. I am as bleeding heart a liberal as they come. I recognize most people have much harder lives than I've had. I made some assumptions based just on your $200k comment above, and the fact that—let's face it—most HNers are making ridiculously large sums of money, and there is no end to these similar…
If you are giving me your permission then I will reach out. It's been getting increasingly shitty lately and I am on the brink. Maybe talking about it with a stranger will help.
I'm sorry for making assumptions about your position. Last thing I want is to pile on someone already going through a hard time. I hope your luck turns around.
Re: The quiet rebellion of a little life
#113Earlier quoted context omitted.
In my most recent job, I earned $160k. During my ~15 year software development career, I worked for a total of 4 companies, none overlapping, none that required more than 40 hours per week. I saved ~60% of my take-home pay every year, and invested it in a 60/40 mix of VTSAX / VTIAX. I'm married, and my wife made $8,000 last year. I had to save enough to cover our collective expenses, otherwise this timeline would've…
Sounds like you did, in fact, enjoy significant investment gains just by being in the market for a long time. This is by no means guaranteed to be true in the future.
This strategy doesn't depend on amazing returns. If you save 65% of your income, and you currently have $0, you can retire in about 10.5 years (assuming fairly modest 5% return on investments). A 50% savings rate puts you at a 17 year career. It's the traditional "save 10%" retirement plan that really relies so heavily on the market going up long-term. The "live cheaply" strategy is infinitely more resilient.
For context, since 1900, the DOW Jones has returned, on average, 7.5% after inflation. And the S&P500 has returned ~6.5% adjusted for inflation. And in Piketty's Capital in the 21st Century, he shows that throughout history, capital has generally returned around 5% (which, itself is kind of a problem).
But yes. The future is unknowable. There are countless things that could dramatically change these types of financial forecasts.
Re: The quiet rebellion of a little life
#114Earlier quoted context omitted.
That’s grim. There is a better way, but you can’t drink any of the kool aid. I wish I could tell other people how to do what I have done, but I have come to understand that it only works for me because i tend not to think things are important that other people value, and I value things that other people sacrifice to obtain those unimportant things. It’s worked very well for me. If I have a piece of advice I think peo…
Unfortunately what you described has been made illegal by incompetent "small town governments" by adopting Karen-esque zoning and building codes that would fine you to oblivion if you tried to build something affordable. "Cheap", from what I'm currently seeing, starts at around $300,000 for a place like you describe. If you just buy raw land and try to build your own home, the county will either not let you, or it wi…
I’ve launched or participated in at least 50 projects and pivots in my lifetime so far, almost exclusively failures. In the last decade and a half, my results are much, much better. For me, the issue was usually inadequate moat +poor funding or being a decade ahead of the market.
As for the cost of housing etc, stop thinking about houses. Start thinking about buildings. For the sake of all that is holy never build in a residential zoned area unless there is nonexistent enforcement or properly incentivisable inspectors. Housing is a racket of its own, with its own proper criminals and everything.
You can get a lot in New Mexico with nil property taxes and minimal controls for about a thousand dollars. G1 land in Alaska can be had for 4- 5 k and has no zoning controls at all.. It doesn’t need to be near a nice town. An hour to a reasonable town (100k population plus) is fine. Remember, it’s not your home. It’s a place.
I’m not talking about a place you want to live, I’m talking about a place you can live. As long as you can get water, some tumbleweed sandlot in the desert is fine, just cover it in cheap panels and buy the biggest AC unit you can. I prefer a woody place above 2000’MSL and not on any historical flood plain though. Also hurricanes and tornadoes are a big turn-off.
It doesn’t have to be in the USA either. In some ways even better if you have skills that allow remote work or platform work (oil rigs, mining, mercenary, contract Pilot, work camps).
You can build a structure that is liveable for about 50 a square foot. Shoot for around 600 square feet, like a ww2 era home. Bare plywood floors, Sheetrock, etc. If in other countries, use whatever the poor people use to build with. That will also offer some cultural protection.
If you can’t do it, in today’s market, for under 75k you aren’t trying. Just start with a small piece of land.
Maybe Tow and Park an (old) motorhome on it until your house is built. Get the motorhome running and sell it for twice what you paid if it’s not a total lost cause. Don’t ask me about split-rim tires though. I had to pay in (goods) to get one changed at an extremely sketchy tire place. I mean, really sketchy. I’ve spent some time in the 42 in Santo Domingo, and I’m telling you, this place, in North Pole, Alaska, of all the godforsaken places, was sketchy as hell. Just don’t bother.
If you get to North Pole though, see if Dirty-Neck Pete is still alive (no, really) because he has a junkyard with some astounding shit in it including the some of the infamous overland train, Soviet era relics, and a lot of other stuff that will probably eventually become a superfund site. He’s probably dead by now though.
Re: The quiet rebellion of a little life
#115Earlier quoted context omitted.
The issue is game-theoretic. There’s value in having money, absolutely, but most people end up having to chase it and never get any. If one person chases money, emancipation results for him. If everyone chases money, as most of us are forced to do, we end up miserable, and nobody wins except the people we should be removing from power as fast as possible. Money clearly matters a lot, though. Why? Because we live in a…
> The issue is game-theoretic. There’s value in having money, absolutely, but most people end up having to chase it and never get any We are on HN. The typical person here can achieve freedom for themselves and their family. And we should work to change the system also. Remember that someone with 2mil can easily FIRE in America and still be closer to the destitute than the billionaires. 2mil is pretty achievable to m…
Re: The quiet rebellion of a little life
#116Earlier quoted context omitted.
That’s grim. There is a better way, but you can’t drink any of the kool aid. I wish I could tell other people how to do what I have done, but I have come to understand that it only works for me because i tend not to think things are important that other people value, and I value things that other people sacrifice to obtain those unimportant things. It’s worked very well for me. If I have a piece of advice I think peo…
I'd be interested to hear your story - what was this place you built? How did it help you over the years?
I grew up poor, subsistence fishing, hunting, gardening. Later I understood that was a choice of my father’s. He made good money when he worked, he just preferred to be at home and work with his kids. Reflecting on it, when he needed to buy a new truck, he went to work for a month, bought a 1977 dodge crew cab new off the lot, went back to hunting lol.
I Always had a natural aversion to employment (not to hard work, just working under supervision) , probably a personality disorder I guess. I value the control of my time to an extremely high degree. I’ve been self employed / founder / investor 90 percent or more of my working life.
Ended up raising my first kid at the cabin for a few years. Eventually, in my early 30s, I started to have something you might call a bit of success.
As for how it helped? I’ve never paid rent or a mortgage in my life.(except short term/vacation rentals, hotels, etc, of course) I launched and crashed several businesses from there. Never felt like the end of the world, just the end of the day.
Re: The quiet rebellion of a little life
#117Earlier quoted context omitted.
i don’t get it, most letters you read will be lowercase, what’s a few more in the grand scheme?
I suspect much of the reaction is that it seems a little pretentious, like a faux optimization along the lines of "Oh I'm soooo busy, no time for caps", etc.
Re: The quiet rebellion of a little life
#118'A Little Life' https://www.amazon.com/Little-Life-Hanya-Yanagihara/dp/08041...
Re: The quiet rebellion of a little life
#119Earlier quoted context omitted.
what prevents you from asking partner, kids, aging parents to live "little life" too? > The problem is that one small unlucky event, like being laid off, or someone you love getting sick, and it can all snowball into oblivion. that's why financial health would be to allocate 15% of your indie $2-3k to saving account to cover this unlucky event.
Because they are their own individuals, and they have their own life based on their own experiences. And while I can suggest, or even influence a little, their life choices -- I can't command them to change themselves 180 degrees. Sometimes I feel like we, as society, became so detached from each other and from reality. Maybe it's because of social networks that keep pumping up the idea that everyone can be rich by i…
Now I took my children to Africa precisely so they can see and understand that there are different people who were born, raised, and live under different conditions than the ones they themselves experienced so far.
Re: The quiet rebellion of a little life
#120Earlier quoted context omitted.
Unfortunately what you described has been made illegal by incompetent "small town governments" by adopting Karen-esque zoning and building codes that would fine you to oblivion if you tried to build something affordable. "Cheap", from what I'm currently seeing, starts at around $300,000 for a place like you describe. If you just buy raw land and try to build your own home, the county will either not let you, or it wi…
I think you’ve got my timeline wrong. If you don’t have a foreseeable exit (which means only that you have built significant value) within 4 years, ffs it’s a fail. Most of my failures were foreseeable within months, not years. Fail fast. That doesn’t mean that you don’t do century projects, it just means the value has to be obvious within a reasonable amount of time or you put your stuff in boxes and go home. By tha…