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Conservatively, working any job that lets you put 25k/year into a tax shelter like a 401k for 20 years will make you a millionaire, or at least damn close. Thi
by ska 3y ago
Conservatively, working any job that lets you put 25k/year into a tax shelter like a 401k for 20 years will make you a millionaire, or at least damn close.
This covers a large number of tech jobs in the US if you choose to.
- jdthedisciple 3y agoWell that route is comparatively barely impressive. And you haven't even taken into account inflation. In contrast, I have the impression that some FAANG employees make it within 5 years or less, considering some of the salaries there...
- ska 3y agoThe point is it shouldn't be impressive to people in tech, more par for the course if you work 20 years and save. I was responding to the question as written. To your point though, if you do want to amass 1mm liquid quickly without a fancy certification (e.g. neurosurgeon), absolutely FAANG and wall st. are among the most risk free ways to do that. Or you can go the route of pissing a lot of it away because you make "good money" now; your choice.