Live data from Hacker News

Actual is going open-source

actualbudget.com

121–130 of 332 posts

Re: Actual is going open-source

#121
post #49

Earlier quoted context omitted.

My read on that is that it is total comp, so it includes bonuses/RSUs/options. If you're not negotiating for those things, what are you doing. Though $200k base salary is not a crazy salary for a staff/principle/high-level engineer. I don't think people realize how corrosive to mental health a $200k engineering job can be though. I was making very close to that as a base salary, and the amount of responsibilities I h…

Again, what part of the world are you on? Even in Berlin, with all the talks about it becoming a top destination for tech people, I'm yet to hear any 6-figures offer. Even the blockchain companies that were flush with cash were paying 90-95k€ to their top people, maybe a 10-20% performance bonus. Mind you, we are talking about Germany where the tax is ~42% of your income at this bracket if you are single. When I was…

I am pretty sure they're saying $200k before taxes. It's equivalent wage in Germany would be 150k€, as the employer has to pay about 21% on top of the salary for social securities.

I agree that these numbers always sound outlandish (I'm from Germany too), but they do seem to be true. Do keep in mind that while the wage gap is bad here, its several times worse in the USA.

Re: Actual is going open-source

#122

Earlier quoted context omitted.

> Yes you can make that, but only if you are in a tiny (and normally very privileged) set If we're talking about people talented enough to actually build and ship their own apps independently, a $200K or more compensation package should be easy to come by remotely or in any medium size city. For the truly average developer, $200K is definitely not the norm according to any compensation data I've seen.

I've built and shipped my own apps independently. I have almost 20 years of professional experience in Web, some Machine Learning and Data Science. I also led teams distributed around the world. I also got into blockchain development in 2019 and now I am working on a slow-but-steadily-growing open source project [0] to make payments with crypto easier. I'm living in the hot "tech center of Europe" (Berlin) and I'm ye…

> I'm living in the hot "tech center of Europe" (Berlin) and I'm yet to see (much less receive) any offer above 90k€/year.

European compensation is lower. Sorry, I shouldn't be generalizing to United States like I did.

That said, in Berlin your options for high comp are largely limited to the big tech companies. You can get some hints here: https://techpays.eu/europe/germany# (sort by total compensation).

My suggestion, if you really want to get those high value offers, is to identify the best paying names on that list and start applying now. Stripe, Shopify, Twitter, other big tech US remote companies primarily. Work with their recruiters to optimize your CV and update your study skills. Use the interviews as practice and feedback, because it will be better than just about any advice we can give you online.

Whatever you do, don't pay some rando from HN huge amounts of money for help. All of the information about interviewing at big tech companies is out there for free. Plenty of prep material to study from.

Re: Actual is going open-source

#123

"I completely underestimated how much work it takes to build a business. There's so much overhead. I'm always figuring out why a build failed, taxes, how to triage issues, responding to support, designing UIs, responding to Apple's complaints, and more. There's so much that goes on behind the scenes. There's no way a single person can possible do this alone, especially as a side project." This is the part that resona…

you can have a cushy tech job making 200K relatively easy Some of these claims seem to come from people living on a different planet to me. Yes you can make that, but only if you are in a tiny (and normally very privileged) set. The way it's breezily posted on this forum at times shows perhaps just a leeetle disconnect with the mainstream tech world

[deleted]

Re: Actual is going open-source

#125
post #49

Earlier quoted context omitted.

My read on that is that it is total comp, so it includes bonuses/RSUs/options. If you're not negotiating for those things, what are you doing. Though $200k base salary is not a crazy salary for a staff/principle/high-level engineer. I don't think people realize how corrosive to mental health a $200k engineering job can be though. I was making very close to that as a base salary, and the amount of responsibilities I h…

Again, what part of the world are you on? Even in Berlin, with all the talks about it becoming a top destination for tech people, I'm yet to hear any 6-figures offer. Even the blockchain companies that were flush with cash were paying 90-95k€ to their top people, maybe a 10-20% performance bonus. Mind you, we are talking about Germany where the tax is ~42% of your income at this bracket if you are single. When I was…

I've personally worked with people who I know made 6-figures of total comp in Germany. Checking the relatively-new https://techpays.eu/, there are plenty of 6-figure entries for Germany. I'm not saying this means it's the norm, just that it's achievable for people whose posts make it to the front page of Hacker News.

You mentioned taxes. When people talk about comp in the US, we aren't taking out taxes. Effective tax rate (federal+state+fica) for a single individual making $200k of salary+bonus is ~30% here. That would turn $200k into $140k take home.

Re: Actual is going open-source

#126

Earlier quoted context omitted.

> Yes you can make that, but only if you are in a tiny (and normally very privileged) set If we're talking about people talented enough to actually build and ship their own apps independently, a $200K or more compensation package should be easy to come by remotely or in any medium size city. For the truly average developer, $200K is definitely not the norm according to any compensation data I've seen.

I've built and shipped my own apps independently. I have almost 20 years of professional experience in Web, some Machine Learning and Data Science. I also led teams distributed around the world. I also got into blockchain development in 2019 and now I am working on a slow-but-steadily-growing open source project [0] to make payments with crypto easier. I'm living in the hot "tech center of Europe" (Berlin) and I'm ye…

Sounds like a startup idea...

Re: Actual is going open-source

#127
post #109
post #102

Earlier quoted context omitted.

> If we're talking about people talented enough to actually build and ship their own apps independently, a $200K or more compensation package should be easy to come by remotely or in any medium size city. I've been able to build and ship my own apps for almost a decade now and have never received an offer close to that, even in SF. Maybe things have changed in the last 5 years, but whenever I see the 200k figure I al…

Sounds like the missing piece is the interviewing and negotiation skills. The money is there, you just have to convince them that it is in their best interests to give it to you.

That was certainly not the problem.

Re: Actual is going open-source

#128
post #121

Earlier quoted context omitted.

Again, what part of the world are you on? Even in Berlin, with all the talks about it becoming a top destination for tech people, I'm yet to hear any 6-figures offer. Even the blockchain companies that were flush with cash were paying 90-95k€ to their top people, maybe a 10-20% performance bonus. Mind you, we are talking about Germany where the tax is ~42% of your income at this bracket if you are single. When I was…

I am pretty sure they're saying $200k before taxes. It's equivalent wage in Germany would be 150k€, as the employer has to pay about 21% on top of the salary for social securities. I agree that these numbers always sound outlandish (I'm from Germany too), but they do seem to be true. Do keep in mind that while the wage gap is bad here, its several times worse in the USA.

No 200K doesn't include say things like 401K contribution or health contribution from employer's side. So if you are going to top German salary with employer contribution, you need to do the same with USA salary.

Re: Actual is going open-source

#129
post #119
post #105

Earlier quoted context omitted.

yeah as another tech worker in Berlin, reading these salaries on consistent basis is kinda depressing. The 70-80K is like a starting tech salaries in larger part of US. Here in Berlin you have to toll for multiple years and then before you know you have hit the 90-100K ceiling. Just compare Berlin with any big American US city, Berliner's PPP is still quite low. This is after the salary "boom" in Berlin.

COVID and companies being more open to hire remotely has partially fixed that, I know of multiple people making 130kE+ in Berlin now, working remotely, with full benefits of being an employee of a German GmbH. I can give you some details via DM if you want.

yeah I won't say no :) Thank you!

Re: Actual is going open-source

#130

Great to see it going open source! I hope Actual can keep development going with the community support. Similarly, a local-first (PouchDB) budgeting app I built[1] went open source[2][3] a few years ago. It's worked out well, I love seeing what everyone does with it in their forks. Unlike Actual however, I maintain a paid subscription service while being open source. It's worked out quite well. Luckily it's not a hug…

> Great to see it going open source

It's actually shutting down.

Post reply on HN