4 ms·

This is on the disclaimer and several other comments already, but I can't help commenting. Unavoidably: US based, 6 figures right from the start. You're pretty

by gadrev 5y ago

This is on the disclaimer and several other comments already, but I can't help commenting. Unavoidably: US based, 6 figures right from the start. You're pretty much half way there already. Just happen to live in the US, work and don't be stupid financially. I guess it also helps not having a big "student debt" (that's also not US exclusive but US typical, since in many other countries education is cheaper - subsidized and you don't gradutate with a debt. ATL not a personal debt). But since there's so much tech demand in the US irrespective of education, you can often skip college and follow a different path. But not if you have to immigrate with a student visa to go the H1B way, haha! The casualness with which you can earn those amounts of money and then lecture (not this particular post, more like the trend) on "retire at 40" or "financial independence in 10 yrs" is a bit tiring (from an outside perspective, and in a harmless-envious way) but all the best to those that are in a position to make it. Yes, casualness in a relative sense, not implying you don't have to work or anything like that. Congrats to OP.

vr46 5y ago
I was expecting financial advice in the post but there wasn't any. There wasn't much of any substance either, but it sounds like the OP is still young and has some interesting plans to follow-through with.
- jallbrit 5y ago
  > I was expecting financial advice in the post but there wasn't any. Sorry, but that's just false. This article contained specific points of advice, a lot of which is parroted by most financially competent people, but not all. Here's a few takeaways I noticed: > avoid accelerating your hedonic treadmill, and save that money instead > Invest your money. Do not let it sit idle in a bank. > My own investment portfolio has consisted entirely of US equity (VTI), Developed Countries (VEA) and Emerging Markets (VWO). In recent years, I’ve also added real-estate (REET) to the mix. My exact allocations have varied, but I’ve generally invested an equal amount in each of the above. If you’re more risk averse, add a bond fund (BND) to your portfolio > Do not try to time the market or pick winners and losers. On average, these are both losing strategies. > You should strongly consider interviewing elsewhere every ~3 years... Practicing your interview skills is the best financial investment you can make. > I’ve heard many people say you should ignore equity and only look at base salary in a job offer. This is poor advice – always look at the total compensation, not any one piece of it. > Tell recruiters what compensation you’re expecting, not what you’re currently making. As a rule of thumb, whenever I switch jobs, I expect a 30% compensation increase. Anything less than 20%, I would recommend waiting for something better to come along.

by gadrev 5y ago

vr46 5y ago

I was expecting financial advice in the post but there wasn't any. There wasn't much of any substance either, but it sounds like the OP is still young and has some interesting plans to follow-through with.

jallbrit 5y ago
> I was expecting financial advice in the post but there wasn't any. Sorry, but that's just false. This article contained specific points of advice, a lot of which is parroted by most financially competent people, but not all. Here's a few takeaways I noticed: > avoid accelerating your hedonic treadmill, and save that money instead > Invest your money. Do not let it sit idle in a bank. > My own investment portfolio has consisted entirely of US equity (VTI), Developed Countries (VEA) and Emerging Markets (VWO). In recent years, I’ve also added real-estate (REET) to the mix. My exact allocations have varied, but I’ve generally invested an equal amount in each of the above. If you’re more risk averse, add a bond fund (BND) to your portfolio > Do not try to time the market or pick winners and losers. On average, these are both losing strategies. > You should strongly consider interviewing elsewhere every ~3 years... Practicing your interview skills is the best financial investment you can make. > I’ve heard many people say you should ignore equity and only look at base salary in a job offer. This is poor advice – always look at the total compensation, not any one piece of it. > Tell recruiters what compensation you’re expecting, not what you’re currently making. As a rule of thumb, whenever I switch jobs, I expect a 30% compensation increase. Anything less than 20%, I would recommend waiting for something better to come along.