I swear I saw a version of this years ago on one of the popular tech blags like Coding Horror or Joel On Software. I briefly looked for it the other day and couldn't find it. Anyone happen to remember it? I think it was mainly about salaries and when stock options would vest.
If you live in New York, life will get complex without building supplementary passive income from a young age.
If people live a slow-burn lifestyle, buy revenue property one can later demolish as needed, park unused cash in index funds, and split 7% between bullion & high-risk. Most folks will be fine when things eventually go sideways.
Some people like to gamble, but they usually don't talk about their mistakes. =3
I am not Bullish on LLM firms given the -$2.50 profit per $1 revenue, or several trillion USD debt buried on page 60 of their reports. They can go be awesome without my cash, and I will cheer them on.
Note, whomever floated that home-equity loan will be happy with their won profits. They win-win even if the loan defaults. Not everyone is so lucky... =3
Joel Spolsky lived and worked in New York, so opinions were heavily influenced by the reality of east-coast economics.
My comment was advice that most people will learn the hard way, and hopefully inspire a moment of pause about their own risk exposure tolerance.
The subject is about young workers that acknowledged the very real churn part of the ephemeral tech sector, and position themselves for an early exit strategy into adjacent careers or retirement. This is not a new idea, given vertical movement in software careers has been stagnant for decades. =3
