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Actual is going open-source

actualbudget.com

211–220 of 332 posts

Re: Actual is going open-source

#211

"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

#212

"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…

810 paid subscribers and he could not secure funding to sustain the business ??

Re: Actual is going open-source

#213
post #162

Earlier quoted context omitted.

This is probably a controversial thing to say, but based on your and other comments in this thread, it seems like the social safety nets aren't worth the lower salaries. Or are they? It seems like non-Americans in this thread are unhappy that their ceilings are lower.

The Welfare State is meant to be a stabilizing force to avoid social unrest and to guarantee that the elites can enjoy their power/status but at least not destroy the fabric of society completely. The Welfare State is not meant to be "worth it". You can not think of it as something that has a ROI, because it is not an investment. It is insurance. With that said: my net salary may be less than half of my American coun…

But it's precisely the welfare state that brought my former country to the brink, when a massive influx of refugees put so much strain on public services, that lifelong citizens were having to wait months for critical care and stirring up (understandable) angry, nationalist sentiment. And there are many such examples across Europe at different times.

The other thing the safety net doesn't seem to provide is happiness, much to the chagrin of American democratic socialists. Overtime, unchecked depression results in the crumbling of society as well.

Re: Actual is going open-source

#214
post #162

Earlier quoted context omitted.

Despite a generally higher cost of living in Europe, salaries across the board are lower. A £100k salary in the UK puts you in the 96th percentile for example. It's not just engineers, it's everyone.

This is probably a controversial thing to say, but based on your and other comments in this thread, it seems like the social safety nets aren't worth the lower salaries. Or are they? It seems like non-Americans in this thread are unhappy that their ceilings are lower.

I'm an engineer living in the UK who likely _could_ move to the US and take a larger salary, but actively choose not to pursue that option. As I've said many times on this site, it's likely that after paying rent for an apartment in SF, health insurance, and all my living costs, my pay after that would be more than the gross pay of an engineer in most parts of the UK, I still decide not to move for a few reasons.

The first question I ask is what would I do with the extra money. I don't _want_ to retire at 40 to pursue my dreams, I like what I'm doing and the pace that I'm doing it at. If I had the choice, I would choose to be where I am doing what I am doing. Why would I move somewhere else for 10 years to make money only to come back and do what I'm doing right now? [0]. I have friends, family, a life here. I don't want to uproot all of that (I have no kids and have already moved country, I don't want to do it again unless it would improve my quality of life). My partner would likely need to find something to do, as it's unlikely she would find a company willing to sponsor a visa for her line of work. Health care being tied to my place of employment is a total nightmare - I can only imagine what happens if I'm in a car accident and I end up at the wrong hospital, or treated by an anaesthetist that is out of network. It's also not just me, the injustice of it boils my blood, and I don't really want to contribute to that system.

I own a car, but it spends 5 days a week parked outside my door, and is only used for "adventuring". The idea of movin somewhere to live in a large house that I have to drive for groceries, drive to the doctors, drive to the bar after work etc, is not appealing to me.

The annual leave situation is commonly far superior in Europe - my current job has 40 days PTO per year, and I take them all. My previous job, the American employees had unlimited PTO, and I don't think my boss ever took anything longer than a long weekend in the 3 years I worked there. It also seemed many of them were banking on a "European trip of a lifetime" with their families, which I can do on the train from where I live (also I live in one of those bucket list countries to boot).

> It seems like non-Americans in this thread are unhappy that their ceilings are lower.

Grass is always greener. The Americans in this thread are complaining that it's so much more expensive to live in the US and are unhappy that it costs so much. Of course it seems the "ideal" situation is work for an American company, on an American salary and live in the UK, but having worked with Americans for the last decade, that has it's tradeoffs too - my workday starts at 10am and ends at 7pm (whereas my partner works 9-5). The "culture" of American work spills across, etc.

[0] https://www.becomingminimalist.com/recognizing-happiness/ - it's not a perfect comparison, but the point stands!

Re: Actual is going open-source

#215
post #182

Earlier quoted context omitted.

>Despite a generally higher cost of living in Europe, salaries across the board are lower. I was more responding to that idea: everything is more expensive, and everyone is making a lot less (not just the top quintile). Seems like a bad trade, but that's just my $0.02

Except everything isn't more expensive. For example rent. Also, everyone can go see a doctor and pay nothing (not just the top quintile). All of this is if course simplified, but just to add another pair of cents.

And groceries. I was _shocked_ at how expensive buying fresh food was in the US, and funnily enough, the most desired food was imported from the EU and was far more expensive. Here's a great comparison - aged parmesan cheese from the supermarket [0] [1] is $11/lb here, or $17+tax in the US. This is the same for a huge amount of ingredients too; cheeses, meats + veg. I helped a friend do his grocery shopping in a trader joes, by my best guess it was twice the price of my shop in Sainsbury's (a middle-of-the-road supermarket)

[0] https://www.traderjoes.com/home/products/pdp/parmigiano-regg... [1] https://www.sainsburys.co.uk/gol-ui/product/sainsburys-parmi...

Re: Actual is going open-source

#216

Earlier quoted context omitted.

The Welfare State is meant to be a stabilizing force to avoid social unrest and to guarantee that the elites can enjoy their power/status but at least not destroy the fabric of society completely. The Welfare State is not meant to be "worth it". You can not think of it as something that has a ROI, because it is not an investment. It is insurance. With that said: my net salary may be less than half of my American coun…

But it's precisely the welfare state that brought my former country to the brink, when a massive influx of refugees put so much strain on public services, that lifelong citizens were having to wait months for critical care and stirring up (understandable) angry, nationalist sentiment. And there are many such examples across Europe at different times. The other thing the safety net doesn't seem to provide is happiness…

Milton Friedman said "You can have Welfare State, or you can have Open Borders. You can not have both".

What you are describing is one of my many objections to the EU.

Re: Actual is going open-source

#217
post #162

Earlier quoted context omitted.

This is probably a controversial thing to say, but based on your and other comments in this thread, it seems like the social safety nets aren't worth the lower salaries. Or are they? It seems like non-Americans in this thread are unhappy that their ceilings are lower.

It seems expected to me that the welfare state is not going to be worth it for the top quintile? That's kind of how redistribution of wealth works?

And many of us who exist in the top quintile are perfectly happy with that, knowing that we are net contributors to a better place to live for others.

Re: Actual is going open-source

#218

Earlier quoted context omitted.

Went full time in 2020! Immediately took an 80% pay cut, but I spend 0 hours in bullshit meetings and no longer have to play the corporate employment game.

Was hoping for that answer. Good for you! I've been weighing when to take the plunge myself. I can't support my family with what mine is making on the side right now (10% of my day job salary), though I know if I were full time on it I'd be seeing more return. Just feels like a high dive into a small pool and I'm trying to suss out the right moment. Any tips/lessons learned?

Double down on anything that has worked to attract new customers. Ask yourself if there was a gun to your head and you HAD to 10x in a year what would you do. Get to a point where it covers your lifestyle and make the leap.

Re: Actual is going open-source

#219
post #111

Earlier quoted context omitted.

0 - These examples were chosen specifically to avoid software & Internet companies, to show that "real" companies that operate in "normal" parts of the country also pay in the $200k range. (These companies are also likely to have less representation on levels.fyi because people who spend any time on levels quickly start wondering why they aren't working for a tech company.) "Cherry-picking" would be highlighting all…

5. What constitutes mid-career? Why do you disqualify someone who is 28?

Great question!

Mid-career means somewhere near the middle of your career. If you expect to work from age ~23 to ~65, the middle is around age 44. (Edit: if you start work at age 18, the middle is still over age 41.) Age 28 is much closer to the beginning of your career than the middle. Even if you retire at 50, the middle of your career is still in your mid-30s.

Re: Actual is going open-source

#220

"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

If 200K sounds high to you, check out the salaries posted on Levels FYI [1]

The Bay Area might have the world's highest paying market for software engineers.

[1] https://www.levels.fyi/?compare=Google,Facebook,Netflix&trac...

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