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I agree that it's difficult to pull this off, but it's not as difficult as you say. 250k is the total comp for someone with one promotion at FAANG, i.e. a coupl
by goldenchrome 8y ago
I agree that it's difficult to pull this off, but it's not as difficult as you say. 250k is the total comp for someone with one promotion at FAANG, i.e. a couple years out of school. My wife and I spend about 50k a year and we live in a 1-bed in the Bay Area.
Who knows what the future holds, but if you started at FAANG in 2004 you would have far more than a couple million by now. The financial crisis is a fantastic time to invest in index funds.
- gnachman 8y agoFAANG in 2004 paid much less in nominal terms than it does today. I was a level 5 swe at Google in 2006 and total comp was around $170k.