Re:Ask HN: How to escape the rat race?
by dev-ious on Thursday November 24, 2016 @07:45PM
(#13033740)
I have 200k at 24...
[ Parent
| on HN ]
Re:Ask HN: How to escape the rat race?
by soulchild37 on Thursday November 24, 2016 @10:18PM
(#13034212)
I have just 5k at 23... I live in a third world country where USD 2k monthly salary for programmer is considered top-tier level...
Whether or not you have saved enough should be a function of living expenses, not wages.
If you have $5k and can live on $600/month, that's great. If you need $1k/month in expenses, then it's not great at all.
As soon as possible, you need to have enough saved to cover an unexpected, large expense (car/home repair, medical emergency, moving to a new place, etc.) and at least 6 months of living expenses. I personally have at least 12 months of living expenses at any given time.