top | item 24100565

(no title)

gas9S9zw3P9c | 5 years ago

Not everyone is optimizing for making money. I left a Silicon Valley FAANG for another country more than five years ago, even though I was making ~3x there compared to what I made in the new place. Even with the higher living costs, that's still a lot more money.

I regret nothing. I'm so much happier here than I ever was in the Bay Area, and I doing this early in my life allowed me to have a lot of fun and stories to tell. Why would I "waste" my precious 20s and early 30s being miserable and retire at 35? Who even wants to retire? I wouldn't even know what to do with that money? Buy a house and sit in the garden the whole day? :) Not the life I wanted.

This whole "make a lot of $$$ and be miserable in your 20s to optimize for the future" is such a common thing I see in SV and HN as part of the narratives that these VCs are pushing. I think you have it all backwards. You can make money any time. You can never back to your 20s and 30s where you don't have health problems, are full of energy, and have an easy time making friends.

discuss

order

foepys|5 years ago

> Why would I "waste" my precious 20s and early 30s being miserable and retire at 35? Who even wants to retire?

A few months ago I read a comment from somebody on a documentary about people optimizing for retirement in their 30s and it stuck with me:

"Live like a caveman until you are 35, then retire and live like a caveman until you die."

gas9S9zw3P9c|5 years ago

Another illusion is that these are absolute numbers. They're relative. When you're young, $100k is a lot of money. Enough to be happy and worry-free. Once you have that, you need $1M in cash to be happy and retire. Once you have $1M but realize everyone around you is making $1M/year to retire at $10M you suddenly need $10M. This will repeat itself, and you'll never have enough. You'll just become more miserable realizing how much more everyone else has. Yeah, platitudes. We all know this, right? Turns out, this cycle is totally unconscious and incredibly hard to break once you're in it and surrounded by such people. Get away while you can.

At least for me, this was one of the reasons why working at FAANG where everyone is striving for $$$ made me miserable. It gave me such a warped view of the world.

kyleblarson|5 years ago

Not to mention that being able to retire at 35 is exceptionally rare, even in the SV bubble.

gonehome|5 years ago

> “ I left a Silicon Valley FAANG for another country more than five years ago, even though I was making ~3x there compared to what I made in the new place.”

This is kind of what the comment you’re replying to was suggesting. Take advantage of the high income first before moving.

> “You can make money anytime.”

Sure, but interest compounds - money earlier is way more helpful than money later.

I always wonder a little about the family wealth of people that write things like this. Most of the people I know who left high paying jobs come from wealthy families and they’re already basically working for fun.

I didn’t grow up poor by any means, but I also don’t come from family wealth. If I want to have a family of my own, and make sure we will always have a place to live, saving high salary (and equity) in order to reach financial independence is worth it.

If you don’t want a family or you come from wealth then prioritizing other stuff is probably fine. If you do want these things though, I think it’s helpful to be more forward looking until reaching financial independence.

> “Not the life I wanted.”

Totally reasonable, but what people want over their life changes. Financial independence gives you freedom to be able to change too.

Redoubts|5 years ago

> I always wonder a little about the family wealth of people that write things like this. Most of the people I know who left high paying jobs come from wealthy families and they’re already basically working for fun.

Seriously, these replies that turn securing a future for you and your family into some kind of avarice anti-virtue are ridiculous.

robjan|5 years ago

As per the OP, the Quality Migrants visa becomes harder to obtain once you reach 30. Japan wants young talent to replace their aging workforce so youth is valued and considered. Grinding in the valley could have caused him to lose the chance to move to Japan completely.

conqrr|5 years ago

What city are you in if you don't mind me asking? While I agree with the sentiment to live in the present, I do think many of us don't see ourselves living in major US tech hubs for long, it's more of optimizing for money when you are young and de-prioritizing certain other aspects while making sure you still remain Happy and not miserable. For instance, if you are from India, you can get 3x+ salary/savings, learn different cultures/lifestyle and also learn from the best in technology and business for the cost of living away from your family (which you kind of do anyways if your family isn't in an Indian tech hub city).

imtringued|5 years ago

"Work" (as in the thing you do for money) doesn't make me happy so why would I want to work for the rest of my life? Also, if I'm coming from a poor family why would I want to stay poor and doom my children?

I'd rather want to "work" (as in the thing you do for happiness) for the rest of my life and be "rich" at the same time.

pheug|5 years ago

> You can make money any time

But big SV money? I wouldn't be so sure. Ageism is rampant in tech. FAANGs love their coders young, in 20's-30's. Also the dollar saved earlier in life is worth exponentially more later thanks to compound interest

There's no better place to solve your financial problems than in SV in your 20's.