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Ask HN: What steps can I take to earn $250K+?

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Re: Ask HN: What steps can I take to earn $250K+?

#21

Post by haloux »

panda888888 wrote: post #18

Step 1: Move to Seattle and find a job there. Purchasing power there is 38% higher than NYC. We'll say that your salary stays at 150k, but you'll realistically feel like you have 38% more. (Source: https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou... ) Step 2: Buy a house in Tacoma. Don't buy in Seattle; the market there is in a bubble. Tacoma is an up-and-coming suburb. Cost will be ~300k for a livable ho…

An alternative is to do the same plan but with Portland Oregon and live in Vancouver or Hillsboro. Take the max in and out of the city.

Re: Ask HN: What steps can I take to earn $250K+?

#24

Post by ramblerman »

WheelsAtLarge wrote: post #17

Start by looking around you and look at who is making 250k+. You'll see that they have control of a lot of resources relative to those that don't. They also have more responsibility than those that don't. Also, some bring in more cash to the company than those who don't. If they get paid 250k then they bring in at least that much in profits, directly or indirectly. So look for those jobs and aim for them. You'll need…

> Start by looking around you and look at who is making 250k+

Is this common knowledge where you work?

Re: Ask HN: What steps can I take to earn $250K+?

#25

Post by ChristianGeek »

King-Aaron wrote: post #23

$100,000 per year and you don't feel that this currently gives you financial security. Can we please step back for a moment and reflect on that.

I make more than that, live in a high COL area in CA, have a family of four, live relatively modestly, and still live paycheck to paycheck.

Re: Ask HN: What steps can I take to earn $250K+?

#26

Post by makingbank »

My experience:

20+ years in specialized field.

All of that at large well-known tech companies in high COL areas.

Took about 15 years to break though $200k total comp.

Doubled to $400+k by moving to a company with large RSU grants relative to base pay, and got that by negotiating hard.

My refresh grants have been declining because my performance has been good rather than outstanding, but with moderate stock price growth I don’t see a problem continuing to report $400k total comp in my current position.

I’m considering moving to one of two other large tech companies where I have been told I should easily be able to increase that to $500k, and probably $600k+ if I am seen as successful.

At $200k in the Bay Area I felt like buying property was out of the question, but at $400k it was very doable with enough spare cash to feel like I can enjoy the area.

Having said that, a lot of the delta between those two points goes to taxes.

Re: Ask HN: What steps can I take to earn $250K+?

#27

Post by koolba »

panda888888 wrote: post #18

Step 1: Move to Seattle and find a job there. Purchasing power there is 38% higher than NYC. We'll say that your salary stays at 150k, but you'll realistically feel like you have 38% more. (Source: https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou... ) Step 2: Buy a house in Tacoma. Don't buy in Seattle; the market there is in a bubble. Tacoma is an up-and-coming suburb. Cost will be ~300k for a livable ho…

$400K for a 1700 sqft house with no yard and a one hour commute sounds terrible.

Re: Ask HN: What steps can I take to earn $250K+?

#29

Post by [deleted] »

ramblerman wrote: post #24
WheelsAtLarge wrote: post #17

Start by looking around you and look at who is making 250k+. You'll see that they have control of a lot of resources relative to those that don't. They also have more responsibility than those that don't. Also, some bring in more cash to the company than those who don't. If they get paid 250k then they bring in at least that much in profits, directly or indirectly. So look for those jobs and aim for them. You'll need…

> Start by looking around you and look at who is making 250k+ Is this common knowledge where you work?

[deleted]

Re: Ask HN: What steps can I take to earn $250K+?

#30

Post by beisner »

throwawaymath wrote: post #13

Any of these companies will get you to $250k+ annual compensation in 0 - 3 years, depending on your current experience. Tech: - Google - Facebook - Salesforce - Bloomberg Finance: - Renaissance Technologies - DE Shaw - Citadel - Two Sigma Since you're already on the East Coast, if you're presently located in - or can easily relocate to - the NYC metro area, getting hired at one of these companies is probably the most…

Best strategy is to shop around, many of these companies will match or exceed offers from the others, so you can get them to bid up significantly.
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