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Ask HN: Those making over $300k/year, how did you achieve it?

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Re: Ask HN: Those making over $300k/year, how did you achieve it?

#51

Post by paulcole »

Apreche wrote: post #33

Here's the real question. If you are pulling that much, why are you still working? Why not head straight to the beach and live a wonderful life of idle luxury?

From what I've noticed, there are 2 answers:

1. The smaller group: People who do retire quietly. You don't hear about them.

2. The larger group: People who are capable of earning that salary are the type who can't just sit at the beach. Much as youth is wasted on the young, wealth is often wasted on the wealthy.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#52

Post by mabbo »

devilmoon wrote: post #27

Question from someone not living in the US: How come you guys have such high salaries compared to ROW? Is the cost of life that much higher than other countries, or is your income simply taxed less / companies have generally more money to spend on employees? I am currently working in one of the highest paying (if not the highest) consultancy firms in my country, and my salary is probably lower than your minimum wage.…

Competition, and value. At the height of Microsoft's days, the average employee generated something like $2m in value.

Take a dozen companies like that, where the income of the company divided by the number of employees is still in the millions, and have them fight for the best talent.

Lately, tech is especially special for this because a good employee is so much more valuable than a bad one. Some developers honestly produce negative value, while a solid team of good people can pay their own salaries many times over.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#53

Post by sethammons »

eugeniub wrote: post #42
devy wrote: post #28

Earlier quoted context omitted.

Facebook, Apple, Aamzon, Netflix, Google https://www.investopedia.com/terms/f/faang-stocks.asp

Why is Netflix in there? Seems like an unusual addition to the other four?

They are know for high compensation

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#55

Post by FloayYerBoat »

Apreche wrote: post #33

Here's the real question. If you are pulling that much, why are you still working? Why not head straight to the beach and live a wonderful life of idle luxury?

...for a few years until the money runs out and your skills have atrophied.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#57

Post by tbassetto »

eugeniub wrote: post #42
devy wrote: post #28

Earlier quoted context omitted.

Facebook, Apple, Aamzon, Netflix, Google https://www.investopedia.com/terms/f/faang-stocks.asp

Why is Netflix in there? Seems like an unusual addition to the other four?

Because they are known to pay more in salary than the average tech company.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#58

Post by jordache »

Apreche wrote: post #33

Here's the real question. If you are pulling that much, why are you still working? Why not head straight to the beach and live a wonderful life of idle luxury?

work @ $300K pre tax for a year == a life of luxury?

You from a 3rd world country?

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#59

Post by jhall1468 »

eugeniub wrote: post #42
devy wrote: post #28

Earlier quoted context omitted.

Facebook, Apple, Aamzon, Netflix, Google https://www.investopedia.com/terms/f/faang-stocks.asp

Why is Netflix in there? Seems like an unusual addition to the other four?

Netflix and Apple are both weird additions. A lot of people skip Apple (FANG), but these days a lot of people just mean "big tech company" with it.

Re: Ask HN: Those making over $300k/year, how did you achieve it?

#60

Post by ctime »

fjsolwmv wrote: post #18

> Associate; a generic corporate title in banking To be highly paid, get a job at a company run by (former) software engineers who see software as the profit engine of their company. Not a bank that sees software as an IT cost center. In general, you make the most money at a company where the founder or senior management have the same background as you and are biased to think your job role is the most important one i…

This is actually really good advice.
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