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If you're writing so much software you hang out on HackerNews for fun, and you're not saving enough to max out your 401k AND have savings left over for 6 months
by VRay 5y ago
If you're writing so much software you hang out on HackerNews for fun, and you're not saving enough to max out your 401k AND have savings left over for 6 months off, you're doing your finances wrong (and/or you can get a 4x pay bump in a new job)
- reducesuffering 5y agoOh I hang out on Hacker News for fun but it comes at the expense of not "writing so much software" ;)
- ryandrake 5y agoMost people here, even most software engineers, don’t make the sky high salaries that “very high-level FAANG engineers who also live in the Bay Area” make. Many have families, kids, education expenses, parents they support, expensive health issues, etc. It’s a huge assumption to think that everyone on HN can max out a 401(k) at all, let alone have any left over to save and blow on extended unpaid vacations. EDIT: Obviously (from the voting) I hit a raw nerve with that original comment. Who knew “save for retirement” was such controversial advice. I personally plan to ensure I do not have to eat dog food when I’m 80 because I partied in my 20s but I guess to each their own. Given the average American’s retirement savings rate, my plan is clearly unpopular!
- VRay 5y agoSo you're saying that you're single-handedly pulling in between 2x and 5x the median household US income, yet can't set aside $20k a year for your 401k? That means you're either not living on a budget at all, or you're doing something ridiculous like paying out of pocket for prescription medication without using the ACA.