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by debt
2807 days ago
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"tons of people do it on $5 a day style" Fallback is important though; that is the "if I run out of money, seriously, then what do I do?" There's a huge different between a $5/day lifestyle and a fallback to your parents basement vs a $5/day lifestyle and a fallback to, well, I guess I'll be living on the street. The difference in cognitive load and stress between the two is staggering. Having a fallback is a very privileged position to be in. Most entrepreneurs don't want to admit they can fallback to a parent's basement somewhere as it kind of kills their image. |
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I dunno, in many cases I know (or used to know, not so young myself anymore) the fallback was either "back with the parents for a while to sort things out", "find some place to rent with/without a roommate(s) and get a job" (which could be waiting tables too). Nobody really has any "fallback" in the sense of money in the bank or family fortune.
So not much privilege required. As said, when you're young and without spouse/kids.