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The Low Stability of High Income

ofdollarsanddata.com · 1,200 words · saved by 1 readers

You’ve been HENRY (High Earning Not Rich Yet) for say two years and life is good. You feel successful and respected and have a fat stack of unvested RSUs. A few more years at this rate and you might be set for life! Then you get laid off. You are now Not Earning and Not Rich Yet (NENRY). Your lifestyle crept up (and/or your partner isn’t working and/or you have kids). You have savings, but your burn rate suddenly feels quite high. That 6.5% mortgage felt manageable at the time, but now… woof. You’ve been tracking your Net Worth the last few years (maybe too closely) and have been proud to see it grow. Now it starts going down. Every week, every month, your FIRE number gets further and further away. All those unvested RSUs you were granted before the stock price went up? Poof! Gone. You can delete the widget you added to your home screen then counts down the days until your next vest. Even if you can find another job at the same level, which might take 6-12 months, your total comp might

--> A few weeks ago I read the following post on Reddit : HENRY -> NENRY: A cautionary tale from FAANG-land Imagine this scenario: You’ve been HENRY (High Earning Not Rich Yet) for say two years and life is good. You feel successful and respected and have a fat stack of unvested RSUs. A few more years at this rate and you might be set for life! Then you get laid off. You are now Not Earning and Not Rich Yet (NENRY). Your lifestyle crept up (and/or your partner isn’t working and/or you have kids). You have savings, but your burn rate suddenly feels quite high. That 6.5% mortgage felt manageable

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