I am always terrified of losing my job. It's a fear I've had even though I've been a top performer the entire five years I've been professionally working.
Maybe it's because I grew up poor or because I think things are too good in tech and about to crash any day.
My antidote? $100k in liquidity. Preferably not invested in the NASDAQ.
If tech crashes, you can take your liquid $100k and move to Thailand, Spain, Portugal, Turkey, etc. In these countries, you can live well for a decade, sometimes even thirteen years off just $100,000 USD.
I know $100k isn't much and it certainly isn't the $1M - $3M people want for retirement in the US. But it's enough to have peace of mind.
Maybe it's because I grew up poor or because I think things are too good in tech and about to crash any day.
My antidote? $100k in liquidity. Preferably not invested in the NASDAQ.
If tech crashes, you can take your liquid $100k and move to Thailand, Spain, Portugal, Turkey, etc. In these countries, you can live well for a decade, sometimes even thirteen years off just $100,000 USD.
I know $100k isn't much and it certainly isn't the $1M - $3M people want for retirement in the US. But it's enough to have peace of mind.