So... luck then.
My Path to Financial Independence as a Software Engineer
61–70 of 583 posts
Re: My Path to Financial Independence as a Software Engineer
#62Just to add an additional avenue for any people earlier in their career, starting salaries for research associates (bench-based wet lab work) in the Boston area right now, fresh out of undergrad with a 4-year degree, is $100k.
If we are comparing this to the article you'd need a starting salary of ~$128,000 in 2021 dollars to have a comparable salary of $100,000 in 2009 dollars, fwiw.
Re: My Path to Financial Independence as a Software Engineer
#63So rough calculation here.. $100K first job which is around £74K in the UK… you aren’t likely to get anywhere near that as a grad masters or not here but after taxes and student loan payments (which are deducted from your income in the UK) and all other deductions you’ll end up with £42,908.26 per year, that’s $56K. And this is where this breaks down for people in tech outside of the US at least. In the UK the path w…
I started out at £21k and in 10 years haven’t reached the author’s starting salary! The real advice should be for everyone to relocate to the US
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Re: My Path to Financial Independence as a Software Engineer
#64The author was lucky to earn a huge amount of money. 99% of the people can't do anything with this advice because they don't have any savings to begin with. I wonder if the author even understands how lucky he is.
I think the real luck is getting on the ladder in the first place, where you have a prestigious job that is a natural step to even more prestigious jobs, ie you are always a likely candidate for the job above. Most hedge funds and FAANG employers get a lot of resumes that will never even be read.
Also you really don't know what you're actually applying for when you're a graduate. You think you know but only those who are fortunate are able to get it right. Plenty of people get a job thinking it leads somewhere. For instance, I've interviewed a lot of financial ops people who think they're on the ladder to becoming a trader. It does happen, but not that often.
But good on him, it still takes work and dedication to do something like this.
Re: My Path to Financial Independence as a Software Engineer
#65What can we European devs do to boost tech salaries in Europe? I love my five weeks of paid holiday, 14 weeks of paid paternity leave, and free healthcare. but I would still prefer early retirement instead of working till 65.
Remember that you don't really need to save money for late-life healthcare and your childrens' education, and just get out when you have saved enough
Re: My Path to Financial Independence as a Software Engineer
#66Just to add an additional avenue for any people earlier in their career, starting salaries for research associates (bench-based wet lab work) in the Boston area right now, fresh out of undergrad with a 4-year degree, is $100k.
My SO just started a PHD in chem eng, before she decided we looked for some open positions and found nothing/low paying (40-50K a year) jobs for grads.
I guess everything IS bigger in the USA
Re: My Path to Financial Independence as a Software Engineer
#67The author was lucky to earn a huge amount of money. 99% of the people can't do anything with this advice because they don't have any savings to begin with. I wonder if the author even understands how lucky he is.
People can still follow some of his advice, maybe end up with less money, but there's still some good advice.
Re: My Path to Financial Independence as a Software Engineer
#68Sees initial salary in 2009 (peak recession) was $100,000
Sees last salary was $625,000
Chuckles and closes the article about achieving financial independence
Re: My Path to Financial Independence as a Software Engineer
#69What can we European devs do to boost tech salaries in Europe? I love my five weeks of paid holiday, 14 weeks of paid paternity leave, and free healthcare. but I would still prefer early retirement instead of working till 65.
> What can we European devs do to boost tech salaries in Europe?
Basically, build a network of tech monopolies which engage in unethical, if not criminal practices, then build a VC ecosystem that is ready to spend king's ransoms to get startups to join that club. Wait as these companies compete to buy your soul.
Re: My Path to Financial Independence as a Software Engineer
#70Mouahahahahahaahah.
So the "path" to financial independance mainly involves getting a 100k/year from day one.
I hope it will inspire and convince all these people who earn below the US median salary range of 47k/year. (and they range in all age categories, not 20 years old engineers).
That guy is seriously delusional.