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mdolon | 4 years ago
One other thing: taking a break is not the same as giving up. I've tried and failed at multiple startups, taking jobs in between to rebuild my savings. There is always opportunity cost and risk involved in all that we do, you just have to learn to be comfortable with whatever decision you make.
eloff|4 years ago
ianai|4 years ago
From what I read, it sounds way too "in the weeds" to really be a marketable good/service.
Otherwise, kids are rough. I'm not much older than you. I realize probably every day past 30 (give or take) I'm moving slower, and kids can be outright chaos demons. There's also the fact of wanting to be established with a corporation to some extent before you ask for time off to have a kid. There's a HUGE amount of corporate knowledge and wisdom to know, but the minimal is you may be outright unable to take time off during any probationary period at a new job. The probation period could be anywhere from 0 days (unlikely), 90 days (common), to a year (not unheard of). If your "have a kid" deadline is 2 years from now and you probably need to have a decent professional relationship with an employer for a year before having the kid, the time to get hired is in the next year. I think that means it's time to get serious with applying for work as a search can take considerable time. Probably time to get "desperate" about finding work around 9 months from now, as a guestimate?
idrios|4 years ago
coryrc|4 years ago
oreally|4 years ago
mdolon|4 years ago
It depends on the pay, current expenses, etc. For me, it would take 1-2 years on average (US tech job paying base close to $200k).
> Is there a target amount you computed? And how does it translate across living expenses, because I'm not living in Silicon Valley nor America.
This varies based on expenses and needs but generally, I would suggest at least 12 months of runway (for me this would be about $50-60k with some buffer, given that I support my family financially). This may take considerably longer for you if you're not in America.
> Is the prospect of not retiring in your 60s a possibility for you?
I am optimizing for financial security much sooner than 60. While I have an IRA account, it's not something I focus on or think about (or even actively invest into outside of when I have a tech job). I have a very high risk tolerance though, so take that with a grain of salt.