Financial
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Financial advice after a decade in tech
Discussion
I've been thinking of putting together a huge doc/repo on the financial advice/lessons I wish I knew before entering the tech industry. There is a lot of general information on financial advice, but very little tailored explicitly for tech employees. With so many jobs now paying $100k+ out of college, I thought - What financial info would I have wanted to know when I was jumping into tech? With the correct information and execution, most of you can set yourselves up for a very comfortable life. I've worked at a wide range of tech companies, running into most of the situations you will most likely encounter in your tech career. In the last decade, my income grew dramatically. When I joined Yelp reasonably early on, I made $30k base + stock options. At Netflix, my salary was over $300k. Here's everywhere I've worked - * Yelp (Pre-IPO)- when there were 50-75 employees. * Redbeacon (5 employees - acquired by Home Depot) * SimpleGeo (\~20 employees - acquired by Airship) * Tindie (founded, raised VC, sold) * Netflix Things I wish I had known when entering the tech world - * Reviewing companies & selecting the right opportunity * Salaries, pay raises, and how packages are structured * Startups vs big companies * Stock options vs RSUs - how they work, exercising them, the tax implications. * Bonuses - what to expect and also the tax implications * Health insurance - picking a plan, should you have a health savings account * Investing in your retirement (401ks, IRAs, etc) * Real estate - renting in these high costs of living areas vs buying * Tech investing - becoming an angel investor & VC investing * Contract work - how to bill & taxes Is this something you'd like to read? What would you like to be covered? I am thinking of building this in public as a repo. That way, if there are topics or things you'd like to see, feel free to create an issue. Here's that link. <a href="https://github.com/emilepetrone/financial_advice.