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Got a random email from a supposed Amazon recruiter for a SDE position (which is not at all a fit). The email is amazon.com domain and there are no red flags in the body but it doesn't feel like an Amazon recruiter due to the tacky signature, etc. Has anyone seen this kind of cold-calling from FAANG recruiter?
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Three young kids, one with special needs= never enough money or resources 😢
In this industry it's never enough. That's how they keep us
It's enough when you stop worrying about it. I make ~$120K but have loans and mortgages and travel and what not, so I'm still very conscious of how I spend. When I stop thinking about it, I'm clearly making enough. Ya dig ?
I know people making 7 figures and living paycheck to paycheck. YOU have to decide what an acceptable standard of life and spend is and live to that and not to what you CAN spend!
There clearly is a baseline cost of living based on your city that is needed for basic needs. This should be a non-issue for anyone in this forum.
Everything else is lifestyle wants. Roommates? Going out? Cutting edge electronics? Travel?
I know seven figures and paycheck to paycheck sounds dumb but I have also seen it. They were convinced they “needed” two vacation homes, a $300 k car, etc. and they were always on a knife’s edge. I think that is an absurd salary to be living that way, but it shows how far this perception can go.
It is clearly possible to be “comfortable”, even in NYC, at $150 k a year, for a normal person (assume half goes to taxes and similar, $3000 a month for rent, still leaves over $100 per day for other stuff) but perhaps not for the lifestyle anticipations of some in this forum.
The biggest danger is to simply have your tastes rise in step with your income. This is very common but also leads to folks almost never feeling comfortable.
Just some thoughts from a person who spent many years earning salaries way below those in this industry.
I have a friend that recently hit $400K a year - his first two moves were to buy a $2.1M house and a Tesla. I fear for him...
Our expenses grow with our salary. Also age has a lot to do with it. I used to eat fast food as an analyst. I physically can’t do that anymore and food that is good for your is, sadly either more expensive or time consuming to make. Also used to sleep in hostels while traveling, no way my back could take that now. Used to drink really cheap alcohol, again not something I can do anymore due to acid reflux/wanting to preserve my stomach lining.
As you get older you just feel you need to take care of yourself more, and that gets expensive
What do u think u would need to be comfortable in nyc? My guess is 4-500 dual income
Everyone has their own definition of FU money.
Debt free with a year’s worth of living expenses in cash seems to be the key to being able to exit from bad situations when you need to stress free
P1 that’s the most ridiculous thing I’ve ever heard (the first sentence, not the second).
D1 what does your bf do, and is he hiring? 😅
I wonder this all the time...now I say 200k, but even then I wonder if I’ll be happy.
1M should do...
Enough is when what you earn allows you to save enough not to have to work
You have to figure out what’s important to you. For me it was being able to have freedom and walk away when I wanted to. I left my job in Sept debt free and with 4 years of living expenses saved up so I could pursue other interests.
Figure out what is enough for the lifestyle you want. The more you like life’s luxuries and status symbols, the more you have to make to feel fulfilled and successful.
I think it's a mix of both. My bf makes $2M+ a year, upwards of $10M and his lifestyle is a little out of control and it also affects how people treat you/ perceive you/ respect you (I believe he gets less respect from first impressions because he gets used a lot). He wishes he was married already and had children and sacrificed money for it. But expectations of society and his peers enveloped the last 10 years of his life. It's never enough unless you feel completely fulfilled personally and professionally. In the case of my bf, he continues to make more money and care about his professional fulfillment given his lack of personal fulfillment
I make $200. I find this enough, slow and steady wins the race for me, and i have my retirement timeline and goals planned out. That being said, I still work hard and wouldn’t say no to more.
Seconded on people making 7 figures and living paycheck to paycheck. It is shocking how much debt some people carry. Especially in high COL cities where people want to send their kids to the top private schools (sometimes buying a spot for the kid).
Gotta support the economy