how can you devote 100% of yourself (or as much as is possible) to something when so much of your cognitive resources are devoted to surviving day to day?
are you sure you've thought this through?
are you sure you've thought this through?
No other bills is freeing. While the Facebook slaves think their $100k salary is a lot but go into debt with $7000/month condos.
It's motivating to get that first paying clients quickly to pay for server. (ramen profitable)
I love how when people come up with these numbers they cite salary-only/pre-negotiation/entry-level income and then they compare this to a small-family sized rent expense to justify your "typical" SV absurdity.
The fact is, many people make well over that with stock options, raises, etc. And even while making that money, lots of my friends in their mid-20s opt to live with multiple roommates and flex their living rooms to reduce their rent cost further.
Not always, only if you have positive equity. Its quite possible to have a mortgage without that.
Negative equity is usually something that happens after you take a mortgage. And whenever you take a mortgage, there is a risk of getting into a negative equity situation (though the degree of risk varies.)