> If you're scared about your financial situation with over a $2M net worth either you are prone to paranoia or you're living well above your means.
As someone who was layed off and went without a job for 13 months (tech bubble), I am _always_ scared about my financial situation. Sure, if I lose my job, I have the resources to hold out while I find another, but
- It _will_ impact my lifestyle, because I'll need to be more careful about what money I spend
- It _will_ make my family unhappy, for the same reasons
- I've been in the position where it's "do we eat or pay rent next month?", and it sucks. I likely won't get back there, but the fear of getting there persists.
Look, I get it, $2M is a lot of money. But there's a fair number of people that can get to that amount (especially living in an area where a 2br dwelling is easily $1M of that), still be saving _more_ money, and still fear the idea of being out of work for months. Especially if it's a single earner household. And especially if there's children.
As someone who was layed off and went without a job for 13 months (tech bubble), I am _always_ scared about my financial situation. Sure, if I lose my job, I have the resources to hold out while I find another, but
- It _will_ impact my lifestyle, because I'll need to be more careful about what money I spend
- It _will_ make my family unhappy, for the same reasons
- I've been in the position where it's "do we eat or pay rent next month?", and it sucks. I likely won't get back there, but the fear of getting there persists.
Look, I get it, $2M is a lot of money. But there's a fair number of people that can get to that amount (especially living in an area where a 2br dwelling is easily $1M of that), still be saving _more_ money, and still fear the idea of being out of work for months. Especially if it's a single earner household. And especially if there's children.