See also: livelihood[def2] x-class #S.Liu describes a higher standard of livelihood, closer to the standard of my peers.
Trigger 1: The Mr Money Mustache’s blogposts like the reason he is NOT selling the website highlight the wrong priorities of many high-income individuals… reminds me of My inferiority against the Managing directors, the rat race, the race to top schools and branded colleges…
Trigger 2: As described in burn rate: 80%@median family income: wbank^BT #Khmer, the Khmer villagers lead truly happy lives without high education or healthcare. So that begs the question — just what are “important” (essential and beyond) to these villagers and their happiness?
Q: what are the top 5 “provisions” important to an individual’s livelihood, that constitute my level of bare-bones ffree? The MMM’s ffree is presumably similar, but not MY criteria.
— priority: healthcare
— priority: adequate education for the young — at least 9 years. Ideally provided free for the poor
— priority: retirement — cash flow to last 25Y, to prevent the retiree falling into hardship
Note low inflation is a pre-requisite.
— priority: basic housing — in safe, sustainable environment, free of hazards. Housing is the most elastic item in this list
— All these priorities are taken care of in the case of MMM, ERE author and other early retirees. Are there other financial needs?
recreation? Free recreations require resourcefulness and imagination. You can cycle (most sustainable) to nearby places or take public transport.
In https://www.getrichslowly.org/early-retirement-extreme/ ERE author Jacob said “We consider spending money a failure to solve our problems by smarter means.”
— PAP government .. I think SG government has the right priorities in terms of the most important livelihood provisions for the citizens.
CPF is related to most of the priorities below
— “African Americans must want to be successful” .. In this Jared Kushner comment “success” is undefined but has many overlaps with the priorities in this blogpost.
— life chances .. Most of these priorities below are related to “life-chances”, which is the missing ingredient in most impoverished communities, including inner cities and the Khmer village.