8 ms·
Working at a FANG in software development has been pretty outstanding income wise. Much better than hustling a few different freelance/contracts/side hustles f
by Gortal278 4y ago
Working at a FANG in software development has been pretty outstanding income wise.
Much better than hustling a few different freelance/contracts/side hustles for me at this point in my life.
- giaour 4y agoSame. The amount of overhead involved in any side hustle is just too high compared to getting stuff done as an employee. even volunteering as anything but unskilled labor is a hassle.
- amazon_illegal 4y ago
- to1y 4y agoThere's no overheads as a employee but too many in solo endeavours? Did you get that the right way around?
- scubbo 4y agoReplying to remind myself to check back here, because I agree with giaour and I'm curious where the misunderstanding is. Being an employee is simple - do (good-enough-to-not-get-fired) work, get paid. Entrepreneurship requires you to identify a target market, figure out a product that would work for it, create that product, market it, actually sell it, ship it, do the associated financial admin, and probably a bunch of other stuff I'm not thinking of. The amount of potential gain-per-effort is higher than in employment - but the amount of work you have to go through in order to get to that point is also higher.
- nonethewiser 4y agoNo extra overhead as an employee.
- giaour 4y agoYep! To contract, I have to find clients, solicit project work, write invoices, keep after clients for payment; in general, I have to do all the extroverted business shit I became a software developer to avoid doing. As an employee, I can work on problems I identify, invest time in mentoring colleagues, spend time building a skill that will be of long term but not immediate benefit to my employer, etc: stuff nobody would pay a contractor to do.
- Fredej 4y agoDepends on how much you want to do it. If you wanna do full time consulting, sure that's the case. But a part-time consulting gig on the side, when you've been working for 10+ years and have a solid network? In that case, you can often find opportunities in your network, if you're looking. Basically, if anyone you know is taking a C-level position in a funded startup, for example, they might very often need help with all sorts of different things and would be willing to pay. Similarly, any time someone reaches out on linkedin with a job, tell that you're happily employed on not planning on moving, but that you would be interested in helping them on a part-time consulting basis. Done.
- jjtheblunt 4y agoyep, ditto : save in earnest, in stock and 401k, and dividend stream from the shares alone can be very useful as a side cashflow.
- whoisburbansky 4y agoWhat are you invested in that dividends net you meaningful cashflow?
- smileysteve 4y agoS&P 500 indices pay 1.56%, so after a couple of years if Faamng salary is $400k that can make it savings that's $6k residual growing each year. S&p dividend indices are 2.54%, utility indexed 2.85%
- jjtheblunt 4y agoif faamng salary is supposedly that high, that's like a shocker, and probably massive hyperbole, unless something bizarre happened over the last 5 years. that said, total comp could be pretty high like that quite plausibly.
- zinclozenge 4y agoIt's not hyperbole, although prior to 2022, getting $400k total compensation as a senior meant working at a handful of companies, even ones like Google and Microsoft weren't paying out that much unless it was through stock appreciation.
- jjtheblunt 4y agototal comp is possible, but salary? that's weird
- smileysteve 4y ago
- swyx 4y agowhat do you make and how long have you been a developer?