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And about that: > But if having 6 or 12 months worth of savings is a requirement, then you can rule out just about everyone except rich kids and upper middle c

And about that: > But if having 6 or 12 months worth of savings is a requirement, then you can rule out just about everyone except rich kids and upper middle class teenagers. If you’re a good Software developer and have no idea how to save some 20-30k bucks in 2-3 years for your plan of your own business you’re doing something wrong. Like you are bad at contract negotiations, no good contact network in the industry to find someone willing to pay for good people, have too high expenses, too low saving potential, or, you’re just not as good of a dev as you think. Any of those should be reason enough for you to think again about your plans. And don’t hate me for being honest, better be honest to yourself...

axisK 9y ago
I don't think life is that simple. Being a skilled developer/engineer has very little to do with the ability to save money.
- hennsen 9y ago
  Aehm yes these are independent qualities. And i didn’t state they are connected. But both (and other business stuff as mentioned that doesn’t come automatically just by being a great dev)are helpful if you wanna bootstrap a small company / freelance business without external funding. You can be lucky and be so well paid for being a so great dev that you never need to save, but it’s good to be able to save when anything doesn’t work out as good as dreamed. I state you need more that tech skills to be successful. If you don’t have these other skills, better keep in a “safe” employment. But also then i recommend to work on some of these, like at least the negotiation stuff. It will help you.
emodendroket 9y ago
The post says the guy lives in Eastern Europe.
- foobarian 9y ago
  That'a big deal. EE = most likely no property tax, which makes a vast difference in financial planning compared to the west. Basically if you're lucky to have a house or apt. you're set for good.
  - sireat 9y ago
    Where did you get the info that there is no property tax in Eastern Europe? Most EE countries do have a property tax, in fact it can be quite sizable if your 50k Soviet era apartment gets appraised for the same tax base price that the luxury 500k condominium next door. The property tax bill can be a huge problem for retirees who live on Soviet era pensions in old houses next to new developments. Incidentally this is the problem that Prop. 13 in California set to solve initially.
    - dragonwriter 9y ago
      > Incidentally this is the problem that Prop. 13 in California set to solve initially. It's the problem Prop 13 was sold as solving, but not at all tailored to specifically address.
- hennsen 9y ago
  Then he earns less but also needs less to save for the targeted time frame to save for...
  - emodendroket 9y ago
    I mean when the guy is talking about a couple hundred dollars being a month of savings obviously talking about saving twenty thousand dollars easily is not relevant

axisK 9y ago

I don't think life is that simple. Being a skilled developer/engineer has very little to do with the ability to save money.

hennsen 9y ago
Aehm yes these are independent qualities. And i didn’t state they are connected. But both (and other business stuff as mentioned that doesn’t come automatically just by being a great dev)are helpful if you wanna bootstrap a small company / freelance business without external funding. You can be lucky and be so well paid for being a so great dev that you never need to save, but it’s good to be able to save when anything doesn’t work out as good as dreamed. I state you need more that tech skills to be successful. If you don’t have these other skills, better keep in a “safe” employment. But also then i recommend to work on some of these, like at least the negotiation stuff. It will help you.

emodendroket 9y ago

The post says the guy lives in Eastern Europe.

foobarian 9y ago
That'a big deal. EE = most likely no property tax, which makes a vast difference in financial planning compared to the west. Basically if you're lucky to have a house or apt. you're set for good.
- sireat 9y ago
  Where did you get the info that there is no property tax in Eastern Europe? Most EE countries do have a property tax, in fact it can be quite sizable if your 50k Soviet era apartment gets appraised for the same tax base price that the luxury 500k condominium next door. The property tax bill can be a huge problem for retirees who live on Soviet era pensions in old houses next to new developments. Incidentally this is the problem that Prop. 13 in California set to solve initially.
  - dragonwriter 9y ago
    > Incidentally this is the problem that Prop. 13 in California set to solve initially. It's the problem Prop 13 was sold as solving, but not at all tailored to specifically address.
hennsen 9y ago
Then he earns less but also needs less to save for the targeted time frame to save for...
- emodendroket 9y ago
  I mean when the guy is talking about a couple hundred dollars being a month of savings obviously talking about saving twenty thousand dollars easily is not relevant