"do we need the iPhone / SUVs, etc. And if not, why are we working so hard for them?"
As a personal anecdote, I don't need those things. I don't need a car, I don't need a smartphone, I don't need a TV, I don't need more than a few clothes, I don't need furniture other than a bed, I don't need to eat out or eat expensive food/drinks, if I wasn't working I wouldn't even need a computer and internet. I'm quite happy without most of those things. I make an engineer's salary and save almost all of it, so that one year out of college (cheap education, no loans) I now have savings that could easily last me 5 years in the bay area at my current lifestyle (counting housing/food/healthcare) or significantly longer in a cheaper area. (Though I'm not quitting yet, I still enjoy my job and maybe there's the beginnings of golden handcuffs there.)
Unfortunately for my case, I expect it will be hard to raise a family on this below-standard-expenditure lifestyle, although that is something I think I want to do. For one thing, I can't imagine how I'd find a wife who was on board with living without all the standard American luxuries. I imagine such a woman exists, but I wouldn't know where to look.
And even though I want to take a bunch of time off and travel the world / work on my own (zero-hope-for-profit) hobby projects, I can imagine society's disapproval of this, and also can't help but wonder if I'd regret it. What if it was hard to get a job as good as this if I later wanted to go in for money like everyone else?
Compelled to respond as after the big risk of leaving the west at 17 or so, it all worked out well for me. I've dipped back in to western 9-5 for two years out of the last 14, to great success (one employer, rose from entry-level to hiring/managing teams and relationships, international travel, more money, relocation, and finally a payout when the company was acquired) but it's just not for me right now ... and no longer required.
I can't imagine how I'd find a wife who was on board with living without all the standard American luxuries. I imagine such a woman exists, but I wouldn't know where to look.
Clearly, outside America.
I want to take a bunch of time off and travel the world / work on my own (zero-hope-for-profit) hobby projects, I can imagine society's disapproval of this, and also can't help but wonder if I'd regret it. What if it was hard to get a job as good as this if I later wanted to go in for money like everyone else?
The answer to this is definitely No, you won't regret it. As long as you can carry yourself in the workplace, you are likely to return with skills, motivation and experience far outweighing that which your peers in industry were able to gather in the equivalent period. After years running my own startup in mainland China, I found my workplace competition in London to be frankly underwhelming... to put it bluntly, I was learning things full time during those years and they were filling in time for a salary with bureaucratic and temporal challenges to overcome. Even if you can't envisage a return with such confidence, you're smart and will be fine. Fear not.
As a personal anecdote, I don't need those things. I don't need a car, I don't need a smartphone, I don't need a TV, I don't need more than a few clothes, I don't need furniture other than a bed, I don't need to eat out or eat expensive food/drinks, if I wasn't working I wouldn't even need a computer and internet. I'm quite happy without most of those things. I make an engineer's salary and save almost all of it, so that one year out of college (cheap education, no loans) I now have savings that could easily last me 5 years in the bay area at my current lifestyle (counting housing/food/healthcare) or significantly longer in a cheaper area. (Though I'm not quitting yet, I still enjoy my job and maybe there's the beginnings of golden handcuffs there.)
Unfortunately for my case, I expect it will be hard to raise a family on this below-standard-expenditure lifestyle, although that is something I think I want to do. For one thing, I can't imagine how I'd find a wife who was on board with living without all the standard American luxuries. I imagine such a woman exists, but I wouldn't know where to look.
And even though I want to take a bunch of time off and travel the world / work on my own (zero-hope-for-profit) hobby projects, I can imagine society's disapproval of this, and also can't help but wonder if I'd regret it. What if it was hard to get a job as good as this if I later wanted to go in for money like everyone else?