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My Path to Financial Independence as a Software Engineer

software.rajivprab.com

581–583 of 583 posts

Re: My Path to Financial Independence as a Software Engineer

#581
post #370
post #364

This is on the disclaimer and several other comments already, but I can't help commenting. Unavoidably: US based, 6 figures right from the start. You're pretty much half way there already. Just happen to live in the US, work and don't be stupid financially. I guess it also helps not having a big "student debt" (that's also not US exclusive but US typical, since in many other countries education is cheaper - subsidize…

I was expecting financial advice in the post but there wasn't any. There wasn't much of any substance either, but it sounds like the OP is still young and has some interesting plans to follow-through with.

> I was expecting financial advice in the post but there wasn't any.

Sorry, but that's just false. This article contained specific points of advice, a lot of which is parroted by most financially competent people, but not all. Here's a few takeaways I noticed:

> avoid accelerating your hedonic treadmill, and save that money instead

> Invest your money. Do not let it sit idle in a bank.

> My own investment portfolio has consisted entirely of US equity (VTI), Developed Countries (VEA) and Emerging Markets (VWO). In recent years, I’ve also added real-estate (REET) to the mix. My exact allocations have varied, but I’ve generally invested an equal amount in each of the above. If you’re more risk averse, add a bond fund (BND) to your portfolio

> Do not try to time the market or pick winners and losers. On average, these are both losing strategies.

> You should strongly consider interviewing elsewhere every ~3 years... Practicing your interview skills is the best financial investment you can make.

> I’ve heard many people say you should ignore equity and only look at base salary in a job offer. This is poor advice – always look at the total compensation, not any one piece of it.

> Tell recruiters what compensation you’re expecting, not what you’re currently making. As a rule of thumb, whenever I switch jobs, I expect a 30% compensation increase. Anything less than 20%, I would recommend waiting for something better to come along.

Re: My Path to Financial Independence as a Software Engineer

#582
post #549

Earlier quoted context omitted.

> 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.

Sure.

* https://quran.com/102/8 (the worldly pleasures include: health, wealth, free time, food and drink, safety, housing, etc.)

* https://quran.com/90/8-18

* https://sunnah.com/riyadussalihin:407

Re: My Path to Financial Independence as a Software Engineer

#583
post #567
post #551

Earlier quoted context omitted.

I get that you want to be a white knight but you're defending malice, said defense being that you can imagine that "Check your privilege" being used differently than it actually is. And, you've yet to explain what good comes from said "recognition". What, exactly, do you want me to do differently because I benefitted from succeeding in a situation that actually was available to many? (I'm pretty sure that you won't b…

I don’t think we’re going to agree here, even though I’ve tried to find common ground a few times. The good that comes from recognition is being able to place yourself in someone else’s shoes and empathize better with their lived experiences, thus enabling you to better understand their situation. If you don’t find that worthwhile, I don’t think I can convince you to. But, for what it’s worth, I’m certainly not tryin…

> I don’t think we’re going to agree here, even though I’ve tried to find common ground a few times.

You've repeatedly said that "check your privilege" is used in ways that it isn't used and denied that it is used the way it is used. My "ground" is reality.

> The good that comes from recognition is being able to place yourself in someone else’s shoes and empathize better with their lived experiences, thus enabling you to better understand their situation.

That's all well and good. The reality is that it has nothing to do with how "check your privilege" actually works.

I note that you didn't both to come up with anything other than your opinion to support your interpretation. Meanwhile, I've provided cites showing that you're wrong, by proponents of "check your privilege".

There's also the Atlantic article.

Can you point to ANYONE who interprets "check your privilege" the way that you do? (In fact, even you don't, as your refusal to use it with POC demonstrates.)

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