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Save money. Invest it well. That's it. Most people in technology are earning significantly more than the median income in their region. If you can learn to kee
by ef4 15y ago
Save money. Invest it well. That's it.
Most people in technology are earning significantly more than the median income in their region. If you can learn to keep your spending near median, you end up with a sizable cushion.
If you can save 1/3 of your income and earn a 4% real rate of return on your savings, in about 8 years you have 5 years worth of living expenses in the bank. That gives you a lot of flexibility for taking risks that can earn big payouts.
Or if you keep doing it for 30 years, you end up with enough savings to live off the investment income alone. This is the slow, reliable way to get rich.