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My Salary Progression in Tech

georgestocker.com

511–520 of 631 posts

Re: My Salary Progression in Tech

#511

Earlier quoted context omitted.

I’m working for myself. I’m exploring some ideas right now. My target is to have something on the market by around May, and then keep iterating/changing based on market feedback. Going to live off my savings until my work can cover my family’s expenses. I’m hoping that happens before I run out of savings.

How could you possibly run out of savings when you had that kind of income? Were you spending most of it? What is your monthly expense rate now? Perhaps you bought a multimillion dollar house?

I live in Seattle (high cost of living area) and have 2 small kids (2 & 4). Just housing and insurance (health, life, disability, etc) are $84K/year. That’s before food and utilities. My total expenses are about $150K. I start with a round $1M in liquid savings, so it’s about 5.5 years of runway. There’s more detail about my finances in this post for those curious: https://danielvassallo.com/from-employee-to-bootstrapper/

Re: My Salary Progression in Tech

#512

2008-2010: Waiter: 6£/h 2010: Intern 4$/h 2011: Intern about 6400£ after taxes for 2 months 2013: 28k/year 2014: 40k/year 2015: 55k/year (£) 2016: Contractor with full employee benefits, remote, python, startup - $75k/year. Small bonus after the startup was bought. 2018: two remote contracts. Working 6 days a week for 12h. After taxes and all my expenses - I live very comfortable lifestyle - I was saving for retireme…

> Not sure how to invest money Low fee index funds

This. virtually all "fancy" funds do worse than the Dow jones index.

Re: My Salary Progression in Tech

#513

> It's always been my intention to retire early, > I'm interested in making huge money and retiring early, > I don't begrudge people with their crazy salaries but I do get frustrated that I can't find success myself. I am shocked and surprised at the same time (knowing that I only selected quotes of a few commentators). Shocked to see the same mindset as many managing consultants and investment bankers I have met and…

This. I left my job last month while making $500K/year: https://news.ycombinator.com/item?id=19135399. I realized that after I attained a basic level of financial security (bills on autopay & some savings), addition income stopped mattering for my satisfaction. I don’t intend to retire. Work gives me satisfaction, but I want to work on my terms and doing things that intrinsically motivate me. Trying to find satisfaction in earning as much as possible is an unachievable thing.

Re: My Salary Progression in Tech

#514

> It's always been my intention to retire early, > I'm interested in making huge money and retiring early, > I don't begrudge people with their crazy salaries but I do get frustrated that I can't find success myself. I am shocked and surprised at the same time (knowing that I only selected quotes of a few commentators). Shocked to see the same mindset as many managing consultants and investment bankers I have met and…

An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.

The Mexican replied, “only a little while. The American then asked why didn’t he stay out longer and catch more fish? The Mexican said he had enough to support his family’s immediate needs. The American then asked, “but what do you do with the rest of your time?”

The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siestas with my wife, Maria, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life.” The American scoffed, “I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually New York City, where you will run your expanding enterprise.”

The Mexican fisherman asked, “But, how long will this all take?”

To which the American replied, “15 – 20 years.”

“But what then?” Asked the Mexican.

The American laughed and said, “That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions!”

“Millions – then what?”

The American said, “Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”

Re: My Salary Progression in Tech

#515
post #57

To the author: were any of these cleared positions? Typically those command a premium and require some sacrifice as it applies to personal lifestyle choices. CACI often requires clearances for government clients, for example which is why you might see a drop when moving to Motley Fool (a commercial customer)

CACI required a secret for my job; but those salaries were in line with non cleared positions, at least for that company.

Interesting! Thanks!

Re: My Salary Progression in Tech

#516

Earlier quoted context omitted.

I don't get this thinking. I think everyone is making the comparison to Silicon Valley, which is ridiculously expensive because their are too many people making too much money that all want to be in the same place. In most of the USA, not only do you make more than you would in France, but things are actually cheaper, not more expensive. Imagine you make $150,000/year, a really nice house cost $300,000 (think $2,000…

I hardly ever comment on HN (I usually lurk) but I felt compelled to due to the sheer amount of false claims in this comment. First off, can we define "things" in your sentence "things are actually cheaper, not more expensive"? What are the "things" you're talking about? Education? Eh... not really expensive in the US, is it? the US student loan debt is swelling at about $1.5 trillion... and counting. It speaks volum…

> Education? Eh... not really expensive in the US, is it? the US student loan debt is swelling at about $1.5 trillion... and counting. It speaks volume as to how costly education is in the US. [1]

Education in the US is not unavoidably expensive. Quoting student loan aggregates does nothing to account for the number of students who took tens or hundreds of thousands worth of loans they didn't really need because they rejected an affordable alternative in order to go to their target school.

In 1998 I rejected my target school because attending would have cost me a minimum of $12,000/year out of pocket. I stayed local and graduated with no loans. 21 years later, if I started in 2019, I would still graduate without loans from that same school.

> Healthcare? Hugely expensive for a country as "rich" as the US. Unless, of course, you work for a generous employer and in that case, everything is paid for. Wait a second, I'm told not all employers provide a healthcare plan along with a 401k plan? That's unfortunate. Let's also remind ourselves that the US doesn't provide universal healthcare for all its citizens unlike other advanced industrialized countries. So if you happen to be jobless? You're SOL. Awe-effing-some. Let's move on... [2]

I don't have rebuttal to this point, but based on your tone I don't think you have any interest in discussing it in good faith anyway.

> Housing? In SF/SV/NYC/Seattle/Washington/any major US city, housing is extremely expensive as is housing in any major European metropolis such as London/Paris/Munich/Zurich. I bet the $300,000 nice house you mention in your comment must be somewhere in the countryside where nobody lives, right? Let's make this clear: houses located in the middle of nowhere in any European country also cost zilch. Let's take France for instance: 30K euros gets you a 100 sqm house (even bigger sometimes) in the Creuse region. Yeah nobody wants to live there but hey at least I can own a large house for the price of a car. [3]

"You bet" very wrong. The house I used to have in Dallas is worth $275,000 at the moment. Many of the houses in suburban New Jersey are less than $400,000, and some are even less than $300,000.[1] . Less stock in Maryland[2], but there are still many options.

> I could go on and on. I haven't even touched on other topics such as Internet, groceries, rent or insurance. Your comment comes across as plain ignorant and downward complacent. I don't get this tendency of always sugarcoating the US, as though it would make it magically more appealing to the average Joe to move there.

I'm sure you could, but it would just serve to further demonstrate your bias, condescension, and ignorance.

> Please back up your claims next time with articles or sources. Just use your favourite search engine.

The irony of this snark is that you have done a rather poor job of this yourself.

[1] https://www.redfin.com/minorcivildivision/70/NJ/Lyndhurst-To...

[2] https://www.redfin.com/city/31343/MD/Wheaton/filter/property...

Re: My Salary Progression in Tech

#517
post #496

I graduated with a Bachelors in Computer Science in July 2017 in India. All amounts below are the fixed salary without any stock options or bonuses. 2017-2018 - $8k - Backend Dev for major eCommerce 2018-2019 - $10k - same role Laid off due to downsizing in Nov 2018 with a healthy severance. Dec 2018-2019 - $17k - Backend Dev for a logistics company

Nice to see a non-US/EU contribution. What is the middle class cost of living in your area?

I live in a slightly upper class area in Gurgaon since it's walking distance to my workplace and hence save on commute.

Rent and expenses is almost 30k INR (roundabout $450) a month. Apart from that it's all takeout food money and any movies or shopping you might do.

My initial pay was a little too low to afford the place I am living at since I'd almost always run out of money by the end of the month and was living paycheck to paycheck. The first raise did improve situations a bit and I could easily save around 10k INR per month.

My current salary affords me very comfortable living with enough to invest for the future and still have around 30k INR per month in savings.

Re: My Salary Progression in Tech

#518

To the author: were any of these cleared positions? Typically those command a premium and require some sacrifice as it applies to personal lifestyle choices. CACI often requires clearances for government clients, for example which is why you might see a drop when moving to Motley Fool (a commercial customer)

It's only a sacrifice if you'd actually want to do things that would raise concern. On the other hand, it is a huge benefit if you'd rather not be surrounded by people with those kinds of concerns. It's nice to know that none of your coworkers are likely to steal your stuff, commit acts of violence upon you, spill fentanyl on your desk, embezzle the company's assets, offer you food items with unmentioned unconvention…

Kinda?

A different version of this argument looks like: "I'm not worried about surveillance because I never do anything wrong." but that's a philosophical argument.

Just from a straight "annoying" / pragmatic perspective I can think of the following issues:

Marijuana is legal in a lot of states including DC but not if you hold a clearance, if you're into that kind of thing.

Anything international makes for a paperwork drill, not to mention possible approvals required.

Any normal domestic interaction with the law (law suits, getting pulled over, arrested and not charged, etc) all become a potential job-destroyer.

Not to mention you're reporting all of this stuff to the government 100% of the time.

It may not be a hassle if you live a pretty conventional lifestyle, don't travel much, etc, but it definitely adds a layer of annoyance at a minimum.

Re: My Salary Progression in Tech

#519

Earlier quoted context omitted.

Those are pretty extreme. For me and probably 90% of other devs who don't want to get a security clearance, it's because of prior drug use. I don't even do anything like that other than smoke weed these days (which I would easily quit if I needed to for a job, though I still think that's very outdated BS) but the government seems really scared about people who've even previously used drugs. No, I'm not going to spill…

it's not the drug use that is the problem. a lot of the time it is about honesty. If you try to hide anything on clearance paperwork, and they find it (they always find stuff), that's immediate disqualification. there are people with all kinds of backgrounds, and some with drug use in their background, with active clearances. it's not automatic any more. just be 100% honest. the adjudicator needs to make a determinat…

Meta, but I wanted to say congrats on your throwaway name. Nicely chosen.

Re: My Salary Progression in Tech

#520

Earlier quoted context omitted.

One trip home from the ER and you'll be the one laughing.

Look, I agree the US system is inefficient, immoral in the aggregate, and generally a bit of a pain to interact with. But this idea that highly paid professionals in the US have crappy healthcare experiences is just silly. Anyone earning $100k as an employee in the US will have a good health plan that will provide excellent quality of care for a reasonable out of pocket cost. In fact, this is kind of the problem with…

I'll concede that one trip to the ER was a bit hyperbole. That fact is though, that medical emergencies have a way to royally screw you over in a way that is unheard of in most European countries.

Personally, with a background in a European country, a personal bankruptcy is something that only happens to the most financially careless/gambling addicted of people. In the US it seems to have become a sad part of a lot of peoples' coping strategy if a medical emergency arises.

Got cancer? No retirement for you I guess.

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