My Path to Financial Independence as a Software Engineer
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My Path to Financial Independence as a Software Engineer
1–10 of 583 posts
Re: My Path to Financial Independence as a Software Engineer
#2This is good info. Bookmarking it in case I ever make those pay grades (unlikely). Also if the current bubble pops during my lifetime, that'll really reduce my ability to save...
Re: My Path to Financial Independence as a Software Engineer
#3Very well done. The best part is that a modest 4% return on net worth/investments will yield about 100k a year which is a very good amount for most people.
Re: My Path to Financial Independence as a Software Engineer
#4If the author lurks around: the investment part would be more convincing if you added the gains you got from it to the table, at least between the first and last year.
Re: My Path to Financial Independence as a Software Engineer
#5Well done. That's a huge income and good on you for holding onto it.
I'm attempting a much slower version of this. But hope to retire well off by following the Dave Ramsey method.
Re: My Path to Financial Independence as a Software Engineer
#6This is good info. Bookmarking it in case I ever make those pay grades (unlikely). Also if the current bubble pops during my lifetime, that'll really reduce my ability to save...
Yeah, as a youngling in Europe I feel like I'm about to get the shitty end of the stick by the time I hit my 30s. 600k/year (inflation-adjusted) seems like a pipe dream...
Re: My Path to Financial Independence as a Software Engineer
#7Very well done. The best part is that a modest 4% return on net worth/investments will yield about 100k a year which is a very good amount for most people.
Living off 4% works in retirement because you can in part live off principle. In early retirement it’s not going to work out nearly as well because you get the reverse of dollar cost averaging, removing money in down markets is more expensive than in good ones. You need either dramatically reduce spending when your portfolio is down or to live well below the expected returns.
Re: My Path to Financial Independence as a Software Engineer
#8This is good info. Bookmarking it in case I ever make those pay grades (unlikely). Also if the current bubble pops during my lifetime, that'll really reduce my ability to save...
Yeah, as a youngling in Europe I feel like I'm about to get the shitty end of the stick by the time I hit my 30s. 600k/year (inflation-adjusted) seems like a pipe dream...
It’s a pipe dream. 100k€ a year is exceptional for an engineer in Europe. Outside of finance and some American company, it is an exceptional salary period, very rare for someone under 30. I know senior managers in some consulting company who don’t gain that in my country.
Re: My Path to Financial Independence as a Software Engineer
#9625k a year? Doing what exactly? Good for you, but I have never seen a spec with even a third of that salary. Or is it that it's only FAANG who's paying that big?
Re: My Path to Financial Independence as a Software Engineer
#10This is good info. Bookmarking it in case I ever make those pay grades (unlikely). Also if the current bubble pops during my lifetime, that'll really reduce my ability to save...
Yeah, as a youngling in Europe I feel like I'm about to get the shitty end of the stick by the time I hit my 30s. 600k/year (inflation-adjusted) seems like a pipe dream...
Engineering salaries in the US are so high I think these “retire by 35” posts should be put into perspective. Saving 250k USD in a lifetime would set me up for life where I’m from. Never mind over 500k in a single year.