5 ms·
You didn't put anything away from your salary? (401k? Roth IRA?) As someone from humble origins, it surprises me more people don't live frugally 5-10 years in
by clubm8 8y ago
You didn't put anything away from your salary? (401k? Roth IRA?)
As someone from humble origins, it surprises me more people don't live frugally 5-10 years in the Bay then retire in luxury somewhere with lower cost of living.
- deleted 8y ago[deleted]
- praneshp 8y agoThe question probably means money made as a result of the exit, likely due to options/RSUs. I'd think that 401k/IRA comes from salary.
- clubm8 8y agoYes, should have been clearer. That's what I was clarifying, since some startups vastly underpay. A disturbing number of people I meet in tech don't plan well for retirement.
- freddie_mercury 8y agoI had saved nearly $1,000,000 from salary (plus subsequent investment returns) over the years. But I didn't think that's what the question was asking. I have never worked in the Bay Area. Or anywhere on the West Coast for that matter. And most of my career has been outside of the US by this point (including the successful exit).