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I know this is a tangent, but, and I'm putting words in your mouth, is it so important to earn a FAANG salary? And yes, I know, it helps with negotiating salari

I know this is a tangent, but, and I'm putting words in your mouth, is it so important to earn a FAANG salary? And yes, I know, it helps with negotiating salaries but that's circular. Maybe that's just the state of the job market, no desirable jobs left, only thing we can hope for is a high salary?

shmatt 2y ago
if one lives in a HCOL area and does not have family to pay for their living situation, the choice can be move to another state or get a FAANG salary. Getting rent raises that are 1000% higher than annual salary raises, childcare costing like renting another apartment each month, per child, has become the norm Spend enough time in a major US metropolin and you figure its about 50/50 people with very high income, and people who's family is funding their lifestyle
- mrbombastic 2y ago
  As someone who lived in SF on around 90k a year, I am doubtful this is true even if that was a few years back.
wnolens 2y ago
If you live in NYC and want to own where your family can live on a single income, then it's important to be north of 300k.
laweijfmvo 2y ago
For me, it’s knowing that with a little hard work and a bit more luck in the stock market, I can FIRE after 5 years and actually enjoy my life while I’m still young…
ptmcc 2y ago
More money now means less/no work later, whether its something more flexible or just earlier retirement. With the way compounding works, highly paid years when you're young and can invest much of it sets you up for financial independence and much less money stress for the rest of your entire life, no matter what you want to do. I don't worry about getting fired or laid off or the stress of finding the next job because there is no financial stress about it. Plus in my career so far, the best paying jobs have also been the best culture and WLB. People incorrectly think these big tech jobs are a constant long hours grind. IME, the absolute worst working hours and culture have been in startups and small businesses, with lower comp and equity lottery tickets with an EV of 0. I'm not a maximize comp at all costs robot, but it's a big big factor. I'm selling my time and labor and I want to get a good value for it while I can. There's no guarantees these 300k+ years will continue. Get it while the gettin's good.

shmatt 2y ago

if one lives in a HCOL area and does not have family to pay for their living situation, the choice can be move to another state or get a FAANG salary. Getting rent raises that are 1000% higher than annual salary raises, childcare costing like renting another apartment each month, per child, has become the norm Spend enough time in a major US metropolin and you figure its about 50/50 people with very high income, and people who's family is funding their lifestyle

mrbombastic 2y ago
As someone who lived in SF on around 90k a year, I am doubtful this is true even if that was a few years back.

wnolens 2y ago

If you live in NYC and want to own where your family can live on a single income, then it's important to be north of 300k.

laweijfmvo 2y ago

For me, it’s knowing that with a little hard work and a bit more luck in the stock market, I can FIRE after 5 years and actually enjoy my life while I’m still young…

ptmcc 2y ago

More money now means less/no work later, whether its something more flexible or just earlier retirement. With the way compounding works, highly paid years when you're young and can invest much of it sets you up for financial independence and much less money stress for the rest of your entire life, no matter what you want to do. I don't worry about getting fired or laid off or the stress of finding the next job because there is no financial stress about it. Plus in my career so far, the best paying jobs have also been the best culture and WLB. People incorrectly think these big tech jobs are a constant long hours grind. IME, the absolute worst working hours and culture have been in startups and small businesses, with lower comp and equity lottery tickets with an EV of 0. I'm not a maximize comp at all costs robot, but it's a big big factor. I'm selling my time and labor and I want to get a good value for it while I can. There's no guarantees these 300k+ years will continue. Get it while the gettin's good.