A personal prison can mean many things, and if low wages automatically mean precarity, then that's a type of stress that would be worthwhile to try and create a lesser draw on, imo.

For me, I'm always framing whatever I currently earn as "right now". Right now I'm doing ok, but it's fairly likely it won't last longer than 2 years, because it never has, and I have no reason to think it will this time. That means that even if a bank were to give me a long term loan, I'd be stupid to commit to anything but the most manageable terms, which means I'd have to consider what I'd be able to make in a part-time laborer position when layoffs come around or something.

If I can theoretically make myself liable for a 3.5k a month tiny condo mortgage, even if it's less than half my take home, I'd be uncomfortable doing so unless it was half that amount. Therefore, either a miracle needs to happen on the career side or the housing market needs to finally crash before my partner and I move out of this basement, no kids, used car etc.. and that's fine for now. If I lose a job, I need to have at least a year if not more of liquid or close to liquid assets available to cover living expenses, and for that to be possible, I need to have relatively minimal fixed liabilities