1 million is 40.000 dollars per year indefinitely, by the 4% rule, with a small risk of ruin that you'll most likely see coming years in advance.
It should be possible to live in the Bay Area on that, given that the place still has cashiers, cleaning personnel and maintenance workers. It won't be a middle-class lifestyle, but you'd have to make _some_ sacrifices in order to indefinitely work at whatever you want in the most expensive place in the world.
Never having visited myself, this is what I don't get about the bay area. How is it still a functioning city? How far out do you have to live to be able to afford rent on a non-tech bro salary?
but why would anyone do this not making a stupid salary? i don't get the appeal why anyone would put up with that just to have the privilege of serving coffee to techies in a formerly cool city. (not to imply that techies aren't cool)
> It should be possible to live in the Bay Area on that, given that the place still has cashiers, cleaning personnel and maintenance workers.
There’s no reason pay for cashiers, cleaning personnel, and maintenance workers can’t rise, or to meet the demand of labor with a little bit of automation also. Making $40k per year as a cashier means $80k as a couple or roommates.
It should be possible to live in the Bay Area on that, given that the place still has cashiers, cleaning personnel and maintenance workers. It won't be a middle-class lifestyle, but you'd have to make _some_ sacrifices in order to indefinitely work at whatever you want in the most expensive place in the world.