What's a typical and practical way for a software engineer to move towards financial Independency?
- How many years and how?
Note: for instance let's say:
- the target savings would be 2M USD.
- cost of living "excluding" housing of 60k / year.
Please think practical about career progression, possible investments, housing (buying vs renting), 401 etc.
Only consider "base salary" in your figure/plan. Not TC.
comments
Thank you Wak..
Thank you QrJ
We’ve always tried to live off of one income and save the other.
If only considering base, you're ignoring over 50% of the actual income... I'm curious why you added this constraint
Knowing that stocks are very unpredictable and we're talking about a long-term holdings...then they may turn out to be of no value at a very later time in the future hence the reason to just look at base salary and go with that.
Am I right or am I totally off please advise.
Rsus, particularly for a public company, will be vesting in monthly/quarterly chunks. You have the option to sell relatively immediately. This allows the employee to use the RSUs value to reinvest in broader, less riskier assets. You do not have to hold on to that stock long term.