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Spend the time it takes for you to hunt and kill meaningful contract work looking for a better paying F/T job, then use your nights for hobbies, cooking, exerci

Spend the time it takes for you to hunt and kill meaningful contract work looking for a better paying F/T job, then use your nights for hobbies, cooking, exercise and socialization like (lowercase g)od intended.

pyrrhotech 3y ago
what if you desire 7 figure income? very few full time jobs in this field would cut it. Only options are to either give up dreams and accept mediocrity, start a successful side business, or possibly work 100 hour weeks stacking multiple full time jobs
- cocoa19 3y ago
  Very few side businesses would cut it as well. I wonder if growing a successful 7 figure income is easier than becoming a 7 figure exec.
  - jokethrowaway 3y ago
    I think there are more 1M per year small businesses than execs making 1M in salary Besides, by being a 1M small business you're solving problems for society, by being a 1M per year top exec you're probably at the level you're bribing politicians, brainwashing people with ads and woke marketing and generally making the world a worse place.
    - isbvhodnvemrwvn 3y ago
      Looking at the startup world, I would not be as confident about "solving problems for society", lol.
- reactordev 3y ago
  If you want 7 figures you need to learn how to grow it from 5. Either start your own business (which would come from this side hustle) or invest every penny you earn across a diverse portfolio and do that for a couple years. You may get lucky and end up with 7 figures. If you just saved your money, over time, you will absolutely have 7 figures.
  - pyrrhotech 3y ago
    yes but making 7 figures annually is quite a bit different than simply having a 7 figure total net worth. The latter is achievable by most frugal middle class Americans over the course of a career, often much shorter. The former is usually not possible through a day job over a normal career length
    - reactordev 3y ago
      With enough income sources it is. All while being a SWE. Passive income is the way to 7 figures annually. You are right that 7 figures annually is different than just 7 figure net worth. However, if you have a 7 figure net worth, you could probably get to 7 figures annually relatively easily.
      - shoo 3y ago
        > However, if you have a 7 figure net worth, you could probably get to 7 figures annually relatively easily. something to reasonably expect, might be be a 4% real return (i.e. net of inflation). that's achievable with discipline and no skill through low fee passive index investment. luck of avoiding catastrophes would also help. at 4% real return, assuming you paid zero tax, your wealth doubles roughly once every 19 years. To throw off a 7 figure income at 4% real return you need $25m invested. That's 4.6 doublings of your initial $1m, so after 80-something years you're across the line. better start early. Another way to accelerate the journey is to cheat and convert your money into a currency that is extremely devalued, then your income can have many additional figures even if your wealth is unchanged.
        pyrrhotech 3y ago
        yea if you want to go it the investing route, you need much better returns than 4% real. Personally I've been beating the market with algorithmic trading (https://grizzlybulls.com/models/vix-ta-macro-mp-extreme https://grizzlybulls.com/models/vix-ta-macro-mp-extreme) but it's still a long game unless you start with millions
        3y ago
- VirusNewbie 3y ago
  >7 figure income? Any director at FAANG will make that much.
- harryquach 3y ago
  I don't think this is a fair take. Anyone making less than seven figures is not necessarily "Accepting Mediocrity" but may have other priorities. Different priorities are not necessarily worse just different.
- Cheezmeister 3y ago
  > what if you desire 7 figure income? Then your priorities are probably fucked. Assuming this isn't just a devil's advocate hypothetical.

pyrrhotech 3y ago

what if you desire 7 figure income? very few full time jobs in this field would cut it. Only options are to either give up dreams and accept mediocrity, start a successful side business, or possibly work 100 hour weeks stacking multiple full time jobs

cocoa19 3y ago
Very few side businesses would cut it as well. I wonder if growing a successful 7 figure income is easier than becoming a 7 figure exec.
- jokethrowaway 3y ago
  I think there are more 1M per year small businesses than execs making 1M in salary Besides, by being a 1M small business you're solving problems for society, by being a 1M per year top exec you're probably at the level you're bribing politicians, brainwashing people with ads and woke marketing and generally making the world a worse place.
  - isbvhodnvemrwvn 3y ago
    Looking at the startup world, I would not be as confident about "solving problems for society", lol.
reactordev 3y ago
If you want 7 figures you need to learn how to grow it from 5. Either start your own business (which would come from this side hustle) or invest every penny you earn across a diverse portfolio and do that for a couple years. You may get lucky and end up with 7 figures. If you just saved your money, over time, you will absolutely have 7 figures.
- pyrrhotech 3y ago
  yes but making 7 figures annually is quite a bit different than simply having a 7 figure total net worth. The latter is achievable by most frugal middle class Americans over the course of a career, often much shorter. The former is usually not possible through a day job over a normal career length
  - reactordev 3y ago
    With enough income sources it is. All while being a SWE. Passive income is the way to 7 figures annually. You are right that 7 figures annually is different than just 7 figure net worth. However, if you have a 7 figure net worth, you could probably get to 7 figures annually relatively easily.
    - shoo 3y ago
      > However, if you have a 7 figure net worth, you could probably get to 7 figures annually relatively easily. something to reasonably expect, might be be a 4% real return (i.e. net of inflation). that's achievable with discipline and no skill through low fee passive index investment. luck of avoiding catastrophes would also help. at 4% real return, assuming you paid zero tax, your wealth doubles roughly once every 19 years. To throw off a 7 figure income at 4% real return you need $25m invested. That's 4.6 doublings of your initial $1m, so after 80-something years you're across the line. better start early. Another way to accelerate the journey is to cheat and convert your money into a currency that is extremely devalued, then your income can have many additional figures even if your wealth is unchanged.
      - pyrrhotech 3y ago
        yea if you want to go it the investing route, you need much better returns than 4% real. Personally I've been beating the market with algorithmic trading (https://grizzlybulls.com/models/vix-ta-macro-mp-extreme https://grizzlybulls.com/models/vix-ta-macro-mp-extreme) but it's still a long game unless you start with millions
      - 3y ago
VirusNewbie 3y ago
>7 figure income? Any director at FAANG will make that much.
harryquach 3y ago
I don't think this is a fair take. Anyone making less than seven figures is not necessarily "Accepting Mediocrity" but may have other priorities. Different priorities are not necessarily worse just different.
Cheezmeister 3y ago
> what if you desire 7 figure income? Then your priorities are probably fucked. Assuming this isn't just a devil's advocate hypothetical.