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Typical cash plus equity for an experienced engineer is going to top $300k/yr at the low end. Millions might be an exaggeration, but it's certainly trivial to s
by sidlls 7y ago
Typical cash plus equity for an experienced engineer is going to top $300k/yr at the low end. Millions might be an exaggeration, but it's certainly trivial to save well north of $1M in a decade on that salary, barring misfortune like a health incident.
- taneq 7y agoThe argument was that if you're capable of saving that much, you're going to have a hard time spending it in only a few years, especially if you're not working.
- fooker 7y ago>barring misfortune like a health incident. Here is a reminder to everyone that a health incident is only a financial misfortune in the US.
- ghaff 7y agoIf a health incident makes you unable to work, that's a financial issue in much of the world.
- pound 7y agoIt's not just being unable to work, it's about all savings: "66.5 percent of all bankruptcies were tied to medical issues"
- NotHereNotThere 7y agoNot being able to work is one thing. Not being able to work and have hundreds of thousands of dollars of debt because of it is a whole other situation
- fooker 7y ago> that's a financial issue in much of the world. Well, unless they have a pension. Which about half the countries in the world seems to provide, at least for government jobs.
- ghaff 7y agoThere often are in the US as well for government jobs. But they usually depend on a significant number of years of tenure and defined benefit plans are pretty rare at this point for private employers. (Which isn't even necessarily a bad thing unless you think retirement benefits should be heavily tied to decades of employment with a single company.)