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The Low Stability of High Income

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11–20 of 20 posts

Re: The Low Stability of High Income

#11
post #2

RSUs and other vesting should be (as in, it would be nice if they did) prorated in the event of a layoff (assuming layoff here means no-fault separation).

That would be the only situation in which I'd even consider them part of compensation. If I can't use it to pay my rent now, it might as well not exist, given the likelihood I'd never be able to realize them anyway.

Re: The Low Stability of High Income

#12
Yes, this is quite true and one of the reasons I left trying to find a job and start my own business. With the business you actually have control over your life. And now I crossed more than I could have ever gotten as a salary by doing my own thing.

Re: The Low Stability of High Income

#13
post #4

[flagged]

Ukraine is an investment, Israel is our military/diplomatic/stregetic "All lie" in the Middle East.

And a proxy war between Isreal and Yemen with the US and "everyone else" tagging in and out depending on civil/political trife seems likely, until the area is glassed by India and Pakistan.

Re: The Low Stability of High Income

#14
post #4

[flagged]

Ukraine is an investment, Israel is our military/diplomatic/stregetic "All lie" in the Middle East. And a proxy war between Isreal and Yemen with the US and "everyone else" tagging in and out depending on civil/political trife seems likely, until the area is glassed by India and Pakistan.

[flagged]

Re: The Low Stability of High Income

#15
post #2

RSUs and other vesting should be (as in, it would be nice if they did) prorated in the event of a layoff (assuming layoff here means no-fault separation).

Sometimes it is if the company feels generous, though even in countries with strong employment law these benefits have no statutory protection. One of my previous employers had a rule where they would vest all of my RSU if I were to die while employed there.

I suspect most FAANGS have some kind of RSU vesting acceleration due to death. Amazon accelerates two years of RSUs upon death.

Re: The Low Stability of High Income

#16
My friends think I'm crazy. I earn mid 100s, live in a cheaper home, don't live it up, and shop at thrift stores.

This period of having high income is new to me. I used to be homeless, living in a truck, couch surfing, begging for money for food and gas.

I'm terrified of losing it all, so I'm doing my best to not put myself in a situation where if I lose my job I lose it all.

They're okay with rolling a $25,000 credit card debt from card to card to fund their life.

I still pick up pennies on the ground.

Re: The Low Stability of High Income

#18

My friends think I'm crazy. I earn mid 100s, live in a cheaper home, don't live it up, and shop at thrift stores. This period of having high income is new to me. I used to be homeless, living in a truck, couch surfing, begging for money for food and gas. I'm terrified of losing it all, so I'm doing my best to not put myself in a situation where if I lose my job I lose it all. They're okay with rolling a $25,000 credi…

way to go really, and it makes a lot of sense. It feels to me that background influences this thinking a lot, having grown up in rather poor circumstances, it is always on the back of my mind too

Re: The Low Stability of High Income

#19
Looking back at my live, this is so applicable, and it's interesting to finally understand why. The main issue is that it's typically harder to secure a high-paying job, and the fact that one has it now doesn't mean that if the project/job ends, it will be as easy to get the same level of compensation. I've always been able to feel this instinctually, but have never been able to pin it down exactly.

Re: The Low Stability of High Income

#20
post #2

RSUs and other vesting should be (as in, it would be nice if they did) prorated in the event of a layoff (assuming layoff here means no-fault separation).

That would be the only situation in which I'd even consider them part of compensation. If I can't use it to pay my rent now, it might as well not exist, given the likelihood I'd never be able to realize them anyway.

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