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> Assuming you’re ambitious and willing to relocate, you can now go to Silicon Valley, make all of the right moves, and amass millions of dollars in a decade of
by onlyrealcuzzo 5y ago
> Assuming you’re ambitious and willing to relocate, you can now go to Silicon Valley, make all of the right moves, and amass millions of dollars in a decade of working for the right companies
It's quite easy to do it in 4 years or less now.
At current pay rates and stock growth rates, you have to be VERY optimistic to turn down a FAANG job.
- ricardobayes 5y agoThat's very much true, even though I had an exit, if I could turn back the wheels of time, I would have spent a few years in a FAANG job. Way less stressful and you (can) have exposure to startup culture anyway there.
- hemloc_io 5y agoYep and you also can learn to deliver products at scale. For me the main reason I took a FAANG job was to get enough money that I can chill for a couple years and build a failed startup ;). (And hopefully meet many smart people work with on it.)
- sarma912 5y agoMillions in 4 years? Damn, can you give me a rough calculation on how this happens?
- lostmsu 5y agoSenior offers from Facebook in Seattle are nearing $500k/y total comp.
- madars 5y agoBut that doesn't get you to millions (plural, post-tax) in 4 years...
- onlyrealcuzzo 5y agoDepending on your spending and your return on investments, it easily could have in the last 4 years... House prices (on 5:1 leverage) are up >100% THIS YEAR. The S&P is up ~30%. You need a ~20% return saving ~$300k per year to get >$2M in 4 years. This wasn't terribly difficult to get in the last 4 years. Who knows what the future will bring.
- MikeTheRocker 5y agoAs an example, IC5 engineers (~5+ years of experience) can realistically earn $350-450k USD per year at Meta these days. Disclaimer: I work at Meta
- onlyrealcuzzo 5y agoYou could also do this at IC4 / L4 at Google - depending on how good your initial grant was. Appreciation has been high.
- sarma912 5y agoI'm an L6 at Amazon and I'm not sure if millions are possible in 4 years, but the replies are right in that you get close to a million. RSUs, investing back into the socket market etc etc gets you there.