I have 9 year old kiddo, and I'm 40. I don't believe it's worth it - working your ass off for 1-2M, especially when real money is evaporating from your accounts: chicken I was buying a couple of years ago for $8-9 today costs $17-19.
My plan is to make a successful business. I have a couple of ideas, and one of my patents is in progress at the time of writing. A good friend of mine managed to get millions (air conditioners alone at the top of his roof cost 1M), so I believe it's possible when you think outside the box. Working for FAANG is inside the box.
I don't believe being engineer working for someone is a way to go, especially when companies like Google lay you off at the time when you're most vulnerable. Good luck paying off your mortgage on time when you're in 50-60-ies.