2 times the global real GDP per capita is 35 k 2017-$ (= 2*17.5*10^3), which is quite similar to the 36 k 2017-$ respecting the real GDP per capita of Portugal (23.1 k€ at current prices in Portugal), where I live. I also think it makes sense to connect the runway to a global quantity, such that my position in the global income distribution is roughly fixed. 23.1 k€/year in Portugal means I am richer than 97.5 % of people. I find it hard to make a case that I need more, given my annual expenses so far have been much lower (like 1⁄3 of global real GDP per capita). The expenses would significantly increase if I did not live with family (working remotely), but I have also lived alone for 1 year in Stockholm spending around the global real GDP per capita (accounting for both my spending, and family support). On the other hand, maybe spending more will be helpful at some point, namely if I start a family, so 2 times the global real GDP per capita seems better.
(Your donation level and plans are awesome, by the way—this is written as background to the broader readership, not a suggestion that you change your approach!)
I think I misread “6 times (= 2*(1 + 0.5)*2) the global real GDP per capita (in Portugal, 69.4 k€).” You meant that the runway was 69.4k€; I applied the parenthetical to “the global real GDP per capita” and assumed a significantly higher runaway! These are the downsides of commenting on the Forum via phone while taking care of a toddler....
Thanks for asking, Jason!
2 times the global real GDP per capita is 35 k 2017-$ (= 2*17.5*10^3), which is quite similar to the 36 k 2017-$ respecting the real GDP per capita of Portugal (23.1 k€ at current prices in Portugal), where I live. I also think it makes sense to connect the runway to a global quantity, such that my position in the global income distribution is roughly fixed. 23.1 k€/year in Portugal means I am richer than 97.5 % of people. I find it hard to make a case that I need more, given my annual expenses so far have been much lower (like 1⁄3 of global real GDP per capita). The expenses would significantly increase if I did not live with family (working remotely), but I have also lived alone for 1 year in Stockholm spending around the global real GDP per capita (accounting for both my spending, and family support). On the other hand, maybe spending more will be helpful at some point, namely if I start a family, so 2 times the global real GDP per capita seems better.
Thanks for the kind words!
I think I misread “6 times (= 2*(1 + 0.5)*2) the global real GDP per capita (in Portugal, 69.4 k€).” You meant that the runway was 69.4k€; I applied the parenthetical to “the global real GDP per capita” and assumed a significantly higher runaway! These are the downsides of commenting on the Forum via phone while taking care of a toddler....