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Why I quit a $500K job at Amazon to work for myself

danielvassallo.com

11–20 of 241 posts

Re: Why I quit a $500K job at Amazon to work for myself

#11

I’m going all in on independence, and I’m going to try to make a living with my own bare hands starting from nothing. 500k/year in your last year is "nothing", huh? It really undercuts the entire thrust of the post, because you're starting with a nice big war chest and a hell of a safety net, not "nothing".

Most people would happily struggle for independence on half of "nothing".

Now, as warped as this all seems, this pales in comparison to what some tech people make in finance.

Re: Why I quit a $500K job at Amazon to work for myself

#12

I’m going all in on independence, and I’m going to try to make a living with my own bare hands starting from nothing. 500k/year in your last year is "nothing", huh? It really undercuts the entire thrust of the post, because you're starting with a nice big war chest and a hell of a safety net, not "nothing".

"All I got was a small loan of a million dollars"

Re: Why I quit a $500K job at Amazon to work for myself

#15
What kind of companies pay software engineers 300k+? Is it realistic to make 500k-1 million+ at these companies as a developer? What sort of title/level are these developers at? How much is it in stocks/rsus vs salary at that point? Can someone lay out a traditional example at this level? What skillsets do these people have?

Re: Why I quit a $500K job at Amazon to work for myself

#16
> I made $75K in my first year and that gradually grew to $511K by my last year.

Wow, I'm envious of this rate of internal raises. Is this consistent within Amazon's culture, or other SV companies?

I've found (in the small-town Midwestern shops I frequent, not in the FAANG bubble) that I have to change employers to do better than a token 3-5% annual raise, even if my value to the company is increasing much more quickly.

I've even been heartily congratulated and thanked at my annual review for completing successful, profitable projects in my first year at one job, and offered a reward of a $1/hour raise. I was a bit shocked, as that represented a pay cut when you factored in inflation. They 'capitulated' to an increase of $1.50/hour, which was just about keeping up...had to go look elsewhere to do better.

Re: Why I quit a $500K job at Amazon to work for myself

#17
post #10

I’m going all in on independence, and I’m going to try to make a living with my own bare hands starting from nothing. 500k/year in your last year is "nothing", huh? It really undercuts the entire thrust of the post, because you're starting with a nice big war chest and a hell of a safety net, not "nothing".

I've seen the same attitude a lot of times. "I was an investment banker for 10 years but then I moved to Colorado and became a ski bum and I couldn't be happier!" Like alright man live your life but stop acting like you discovered some dark secret that anyone can reproduce. You know you ain't out here paying student loans.

100% - all my arty, bohemian friends have trust funds.

Re: Why I quit a $500K job at Amazon to work for myself

#18
post #4

The tl;dr is that when someone is paying you $500k a year then the work itself might not be all that motivating. However, within time, the money isn't enough to motivate you either. You gotta wonder, though, what the rest of the world would think if they stumbled across this kind of blog post.

Author here. Agree. But I bet most of the audience here is already earning enough. Once you cover the basics, the returns of additional income diminish quickly. I chose to say how much I was earning just to emphasize that everything was really going well at my job, including compensation.

Re: Why I quit a $500K job at Amazon to work for myself

#19

I’m going all in on independence, and I’m going to try to make a living with my own bare hands starting from nothing. 500k/year in your last year is "nothing", huh? It really undercuts the entire thrust of the post, because you're starting with a nice big war chest and a hell of a safety net, not "nothing".

Yes, I saved a lot. About $1M in liquid assets. But I meant that I'll start with no income, no product, no business. I'll write another post about how I set up my safety net.

You don't need income with $1M. If you chuck that into an index tracker you can safely withdraw $40k a year...

Re: Why I quit a $500K job at Amazon to work for myself

#20
This is a very common theme. Once you reach a certain threshold of income (not everybody though) you start valuing freedom, flexibility, traveling and start looking beyond work. This is primarily because money has lost its forcing function. Even if you have the best setup in terms of work, compensation, co-workers, you lose motivation and drift away. This isn't true of everybody though, most successful entrepreneurs despite earning massive amounts of money, are still as hungry, motivated, and dedicated to their work as the first day.
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