Live data from Hacker News

My Path to Financial Independence as a Software Engineer

software.rajivprab.com

571–580 of 583 posts

Re: My Path to Financial Independence as a Software Engineer

#571
post #549

Earlier quoted context omitted.

The modern "progressive" thought-process is to feel guilty about having a good education. I went to private school in the UK and the only thing I feel is infinite gratitude to my parents for forking-out the money to send me there (they were not rich, they were both teachers).

> The modern "progressive" thought-process is to feel guilty about having a good education. This is what happens when there is a lack of religion and belief in God. In Islam, we know we're going to be asked about the blessings that were bestowed on us, no matter how small, so it's always in the back of our mind that we should be grateful to God, and to use those blessings in the ways of good, not evil.

The atheists are downvoting you but I find it pretty interesting. Can you link to more info / verses about getting asked about blessings? I assume this is after dying and being asked by God. Sounds like a form of gratitude.

Re: My Path to Financial Independence as a Software Engineer

#572

Earlier quoted context omitted.

You should reconsider your worth and attempt to re-negotiate pay. I started out 6-7 years ago at £30k and am now at £100k + options (worthless). Have only ever worked at startups. You can 1.5x that easily at a big tech (some FAANG jobs exist in London).

You then end up paying London rent… You won’t be able to afford to rent a luxury London flat on 100K or even 150K but a 2 bed in any decent area is £2-2.5K council tax and utilities would be another £200 p/m easily. You are probably better off making £80K in Manchester as a senior dev than £100-110K in London. Newcastle has also a decent tech ecosystem tho it is very much focused around Sage.

I bought a 2 bed (750 sq ft) plus a large south-facing balcony (with a nice view) in E1 on less than £100k.

Not to mention the salary ceiling is so huge in London it's easy to be saving more than someone else is earning in another city.

Re: My Path to Financial Independence as a Software Engineer

#573

> Disclaimer: I acknowledge that I’ve been very privileged, especially in the educational opportunities I’ve had. This might sound reasonable from a US-centric perspective, but to me it reads like utter nonsense. The main privilege here is access to the US labor market and tax policy. There are no stories like this one where I live (in Sweden). Absolutely none.

The modern "progressive" thought-process is to feel guilty about having a good education. I went to private school in the UK and the only thing I feel is infinite gratitude to my parents for forking-out the money to send me there (they were not rich, they were both teachers).

Does "I acknowledge my privilege" = "I feel guilty" ? Seems like these are two unrelated sentiments..

Re: My Path to Financial Independence as a Software Engineer

#574
post #521

Earlier quoted context omitted.

Sure, how about something like PfizerPham2021 (a play on my name)

The Pfizer part is also kind of trollish at this point.

Fine, how about tandymodel100? (if that fits in the username column)

Re: My Path to Financial Independence as a Software Engineer

#575
post #340
post #324

Earlier quoted context omitted.

QOL staying the same is quite attractive. Out of curiosity, how many millions of dollars-equivalent does it cost to buy heath insurance in retirement? Isn’t that more attractive than what you need in the states?

> QOL staying the same is quite attractive. I can’t speak for the OP, but usually QoL refers to essential things like housing, food, education, etc. Outside of that, the average Dutchie has very little disposable income. This means that the extra money they make in the USA, is still quite useful since you can spend it on all the other stuff that gives you joy in life.

Rising costs for housing, food and education is a huge problem in the US

Re: My Path to Financial Independence as a Software Engineer

#576
post #521

Earlier quoted context omitted.

The Pfizer part is also kind of trollish at this point.

Fine, how about tandymodel100? (if that fits in the username column)

Ok, you're now https://news.ycombinator.com/user?id=tandymodel100.

Re: My Path to Financial Independence as a Software Engineer

#578
post #569

Earlier quoted context omitted.

Which site are you looking at? The only flats in my area around 600K all have a huge asterisk the leasehold on them is about to expire so you can only buy them in cash. https://www.rightmove.co.uk/properties/114810275 https://www.rightmove.co.uk/properties/109851434

Zoopla. I was specifically looking at the Hallfield estate, between Bayswater and Paddington.

Yeah that’s former council…

Re: My Path to Financial Independence as a Software Engineer

#579

I have a noob question: If everyone thought and lived like this. Save everything, don't spend too much, don't have kids etc. Would it not lead us into a world where there is not enough economic activity and growth. And the money that you do have in that case would not be worth much anyway..

Luckily the world does not consist of tech monopoly seats of power

Re: My Path to Financial Independence as a Software Engineer

#580
post #524

Earlier quoted context omitted.

No, it is not. The opposite would be that it requires financial resources of the class you want to be part of to be part of a class. Which wasn't what I (or the report) said: the idea is that it takes some level of financial resources as a prerequisite for a chance at top-level success.

Yes yes, class mobility but only for the already wealthy. Tell me more.

Which part of the report do you see as equating "financial resources" (my words) with "wealthy" (your words)?
Post reply on HN