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You are aware that most engineers don't live and work in SF or NYC, right? And even of the ones that do, most are not working at FAANG? It's laughable that yo
by boring_twenties 6y ago
You are aware that most engineers don't live and work in SF or NYC, right?
And even of the ones that do, most are not working at FAANG?
It's laughable that you think that just because you and your friends have the highest paying jobs, this somehow extrapolates to "most engineers."
As for the income rule, it's $300k, not 2.
- icedchai 6y agoYes, I am aware. I am wrong about most. I will say that many engineers should be able to clear the accredited investor rule by their mid to late 30's. The bar is not that high. And you are wrong about the income rule. It's $300k with a spouse. $200k as an individual. From https://en.wikipedia.org/wiki/Accredited_investor#United_States https://en.wikipedia.org/wiki/Accredited_investor#United_Sta... : "a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year."
- boring_twenties 6y ago"Many" could mean anything, so it's impossible to argue for or against. I mean, pretty much everyone in NYC, SF (maybe Seattle too?) makes $200k+. That's a decent number of people to be sure, but a fraction of all engineers in the United States. The average senior software engineer salary nationwide is just over $120k. (That average includes the high coastal salaries, obviously.) Ain't no one getting accredited on that, honey. You're right about the income rule, thanks for the correction.