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by Retric 3641 days ago
You can still do remote work from a cheap location, or stay and have FU money.

Giving up 500k in salary for a chance to make 500k in stock is a terrible bet. Alternatively, only save up 100k in 10 years, go to Vegas and bet it all at slightly negative odds. You can set things up for a 20% chance of getting ~500k which is better odds than many startups while still having more day to day money.

2 comments

> You can still do remote work from a cheap location

Wouldn't the employer insist on paying in the local salary range?

In my experience, this is not the case.
You can still do remote work from a cheap location, or stay and have FU money.

Do they have good schools in $cheap_location?

There are a very large number of cheap locations with good schools. Especially when you include private schools.
Private schools tend to increase the "cheap" part quite a bit.
Depends on # of kids. Many great schools are well under 10k/year, but that's only so useful if you have 5 kids.
9k a year is not cheap.
Sure, though that only starts after pre-k and k, which tends to be much cheaper.

Anyway, if you compare starting a family with ~1M in the bank and 1 income at 50k vs. dual income 220k in the valley and no savings outside of home equity there are benefits on both sides.

It's cheap compared to paying an extra 20k/yr in rent or mortgage and property tax.
Sure. Better ones than in the US, even. (Eg Finland perhaps?)