The key is to not spend it all and invest it. Once you get enough capital then it’s your choice if you want to work or not.
So for those who bought in 2018, just chill for 5 years and will make it in 2023?
Not sure what “enough” is with rising costs for everything - housing, insurance, daycare/childcare. Maybe I’ll have more data in a couple of years.
Well, I don’t find it coincidental but how is it that all of my immediate teammates who happen to be mostly Asian and most of my brother’s fellow coworkers and engineer friends also dip (not dabble) heavily into investing in RE or stocks??? Yes, for sure the tax laws “force” you to get into the game but still. Most of my teammates are younger pups and even our newest team member who happens to be female partnered up with people and bought a multi unit to flip or rent out fully. Shoot, they probably are saying I’m slacking off now. You simply can’t rest on your laurels (current paycheck) even though it may be a nice package that for anywhere else would be considered “making it.” The Bay Area is competition at its finest…
Signs of aging Guess you are over 45. Or has a young child less than 2 years old.
Quite the opposite, they want younger people. Lots of them talk about talent management
Sure you are from MIT? 5 years ago include 10 years ago and 20 years ago Or do you mean precisely 5 years, 10 years and 20 years ago
companies also say “keep this confidential” about one’s pay. turns out it’s illegal.
Well, nooo, but if you are one of the old timers who is higher on the food chain you probably have a good idea of what people make. I always thought it were the millennials who didn’t care if people knew what everyone made. It was all about transparency and if I deserve X now, I should get X now. We old school folks are more reserved and reluctant to discuss this openly, even amongst say family or friends.
Hi, got a email offer from FB for E5, what do you think? Is it OK or bad?
Recruiter says it’s the maxed in every direction (negotiated base from 185 to 200 only), does not want to negotiate further. I have other offers but similar TC so no real leverage.
200/15%/450/60
8 yoe
Facebook E5 is about the same level as Google L5. People have tons of money. They just refuse to buy houses, yet.
What’s 450/60?
15% bonus. 450K RSU. 60K signing bonus.
All for an E5. That’s staggering high pay.
Ok the only enticing part about this package is the 450k RSU
Too bad it takes 4 years to earn them all…
Half of it is lost in tax though.
$450k per year
Goodness I need to get a job asap.
Um… ok I need to apply for a job at FB if that were the case…
You shouldn’t have dropped out of the job market. Pay of SWEs in tech hubs keep rocketing especially for those machine learning and data scientists.