agreed + with a regular job you are giving up long term stability for short term success.
don't think of now...think of when you are 55...and noone will want to hire you because you are too old.
Don't think 55 is going to be a problem? How about 65? Or even 75. People are living longer and longer, the guys who are living up to 100 now, have had to deal with malnutrition and the stress of a world war. So its perfectly normal, to expect that in 50 years, the retirement age will get kicked up to 75.
Do you really want to program at 75? Do you think a 40 year old manager will want to hire a 75 year old programmer? Do you think you'll be able to comfortably retire off your savings?
The idea of retiring off just being a worker bee is gone. There are no more pensions, the social security income is going to get cut eventually...so all you'll have to live off is your personal savings. And whatever savings you make, when you retire, you'll have to severely reduce your lifestyle...just to make sure you don't run out of cash before you kick the bucket
White people aren't going to become black. Vast majority of men aren't going to become women. However we're all going to get old, so it's in lots of people's interest to campaign for ageism laws like that.
I think he is trying to say that of you don't start playing the startup lottery now and win it them you will end up in the gutter. Looks like you will have plenty of company there so cheer up!
Large corporations : Earn monthly salary, invest in gold, endowment insurances, a little real estate, pension plans, a little in kids, a little for continuous returns during rainy days in old age.
Start up lottery : Win big, or win very little/nothing. And end up either too well placed for retirement or none at all.
don't think of now...think of when you are 55...and noone will want to hire you because you are too old.
Don't think 55 is going to be a problem? How about 65? Or even 75. People are living longer and longer, the guys who are living up to 100 now, have had to deal with malnutrition and the stress of a world war. So its perfectly normal, to expect that in 50 years, the retirement age will get kicked up to 75.
Do you really want to program at 75? Do you think a 40 year old manager will want to hire a 75 year old programmer? Do you think you'll be able to comfortably retire off your savings?
The idea of retiring off just being a worker bee is gone. There are no more pensions, the social security income is going to get cut eventually...so all you'll have to live off is your personal savings. And whatever savings you make, when you retire, you'll have to severely reduce your lifestyle...just to make sure you don't run out of cash before you kick the bucket