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I don't know that sounds very optimistic. I'm 10 in tech and L6 now. I'm definitely not set for life, like, not even close.
by I_AM_A_SMURF 2y ago
I don't know that sounds very optimistic. I'm 10 in tech and L6 now. I'm definitely not set for life, like, not even close.
- wnolens 2y agoIn big tech? One can pocket an avg 100k/year. Less in first few years, more later on. That isn't "quit immediately and coast" money, but several times a juicy down payment in the bank and a guaranteed MINIMUM 200k USD/year for the rest of your life IS set for life IMO.
- spacemadness 2y agoIt is not several times a juicy down payment if you live where near any big campus. And a lifetime salary above 200k in tech is not a thing. Tech is riskier the older you get unfortunately.
- saagarjha 2y agoUh, it very much is? Sure, there is age discrimination, but there are plenty of people in their 50s and 60s making well north of that.
- elevatedastalt 2y agoThe key is to move out of the bay area as soon as you have a 2M net worth.
- dave333 2y agoThis is the other mistake I made - not moving away - now I have grandkids here and have to stay - tough life I know :-)
- dave333 2y agoA compromise would be joining a Unicorn that is post IPO but is hiring like crazy and growing fast. Hang onto the company stock rather than diversifying into index funds hoping it will grow much faster than average/split etc. No risk and big rewards.