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Strikes fear in my heart. Just a little over a year ago, July 2021, I left FAANG to start my own software consulting company and there were periods of feast or
by itsmemattchung 4y ago
Strikes fear in my heart.
Just a little over a year ago, July 2021, I left FAANG to start my own software consulting company and there were periods of feast or famine (especially during early days...I mean its still early days, I guess) with the income exploding then dropping to nil. In order to preserve my marriage, I sometimes (okay, often) wonder whether I should return back to the old 9-5. Life trade offs.
- JakeAl 4y agoI would say yes. Maximize your income/take as much as possible while you are young as opportunities will evaporate one day. I've been unemployed for 8 years and can't even get blue collar jobs because I've always been a white collar worker. I literally have decades of experience working for high profile fortune 500 companies managing commercial web site and software production. Now everyone wants programmers or lead programmers they can pile management or design tasks onto, or just project managers or scrum masters or business analysts or product owners, not someone whose job has been to do all of those things and needs to level up.
- crossroadsguy 4y agoIsn’t it rather prudent to also wonder whether such a marriage is worth preserving which requires one to walk on such eggshells? I mean beyond the usual “but I love my… adjustments.. you know you know.. ” trope.
- lordfrito 4y agoYou're right of course. Unfortunately many of us us learn far too late that their marriage wasn't worth preserving in the first place.
- deleted 4y ago[deleted]
- fxtentacle 4y agoYou could set up a Corp so that revenue goes into the company and you pay yourself a salary every month. That way, the Corp smoothes out variations before they reach your private bank account. Also might enable tax and other savings because then you purchase health insurance as a company, not as a freelancer.
- itsmemattchung 4y agoNot sure if you are referring to (S) corp in particular but currently, still an LLC w/ out S corp tax status. That might change this year though...