What TC is enough?

New / Eng🍏 Tim
Apr 14 71 Comments

Seriously, all I see on blind is people working hard to get higher TC. I know it’s very necessary to be able to afford and have some sense of financial security, but after some point it’s just a number increasing in your bank account.

To me, being able to buy a nice apartment, a nice car, and some very good vacations is enough, and I can probably do that with an average TC. Not sure why people are that much money-oriented.

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TOP 71 Comments
  • Google Mr. Glass
    You’re naive and ignorant, OP.
    The point is to quickly make enough $$$ to not have to go to work at a 9-5 job. The higher TC you make, the quicker you get there. Time is infinitely valuable. Higher TC == saved time to enjoy freedom. If you’re content slaving away at average TC to never be free until 59 years old, all I can say is good luck to you. Don’t come raging when you get laid off or when the taxes are raised by the welfare state.
    Apr 1415
    • New
      nfs

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      Booking.com
      nfsmore
      @Mr. Glass, I see google has really lowered the hiring bar...
      Apr 15
    • Google Mr. Glass
      Again ignorant @Tim, there’s a difference between needing to work and choosing to work when you don’t need to. When I have a choice, I pick my location, time, hours, desk chair color, brand of my desk table, whether to put a couch and bed in my office or not, whether to take a month long break because I want to visit family or plan a surprise honeymoon. In other words, I’m in control. How many of those can you do unless you’re free eh?
      Apr 15
    • Amazon LoanerBadg
      @glass learn to enjoy the journey.
      Apr 15
    • Facebook / Engonjetplane
      WTF is a surprise honeymoon? Does it come after a surprise wedding? Who’s getting surprised?
      Apr 15
    • Google Mr. Glass
      I meant an anniversary surprise
      Apr 15
    • Goldman Sachs l33tcode
      Completely agree with Mr.Glass. Choosing to do what you want versus having to do it are different. Majority of people don't like having to work on certain things at certain times.
      Apr 15
    • Adobe doomfilter
      OP Mr. Glass makes good points, but one thing he implies but doesn't say directly is that the tech industry is rather ageist, so you'd be wise to save up in your prime years...and a high TC helps in that.
      Apr 15
    • Snapchat dour28
      Glass is right, buy your freedom earlier, than work for yourself, create value for yourself with your terms. 9-5 is a slave, do you want to spend your time with your childs first 3 years which will never come back or in the office fake smiling to an idiot. Higher TC is not for luxury, it is to buy freedom earlier.
      Apr 15
    • Twitch RbOv54
      To be fair, maybe the guy loves his job so much that he would already be willing to work for free. And so he ain't complaining about comp no more cause he already happy :/ while the rest of us ain't happy yet so we're still earning to buy that freedom one day down the road
      Apr 15
    • SAP kimsoo
      For most people, if he gets higher TC, he will have to spend more time day to day. They might retire early but the lost more freedom during their work time. So it is hard to say who will get more time of freedom in their whole life.
      Apr 15
  • LinkedIn Weiner
    OP, what's your confidence level that someone would pay you an average salary when you are > 45 years old. How long do you think you can sustain in this industry. No sarcasm here. Honestly looking for your opinion
    Apr 153
    • New / Eng🍏 Tim
      OP
      Happy to answer. With an average tc, working from your 20s until end of your 40s, you should be able to save quite a lot. And if you felt like you want to retire, pension is there to help you survive. What’s wrong with that? I honestly want to understand what I am missing here.
      Apr 15
    • Intel / R&DRiso4ever
      Pension? What’s that? Everything not government is 401k these days, which you can’t withdraw from (penalty free) until you are almost 60. Having a high TC let’s you start your retirement earlier with a good cash flow.
      Apr 15
    • New / Eng🍏 Tim
      OP
      Ok now that makes sense.
      Apr 15
  • SAP mooooo
    Why not aim to retire early. As well, being ambitious does not mean you are only after the money. Sometimes it’s about status/power etc
    Apr 153
    • New / Eng🍏 Tim
      OP
      Why would you want to retire early if you are ambitious? Why so lazy?
      Apr 15
    • Google Mr. Glass
      Retire so that you can focus on your ambitions and not fulfilling someone else’s ambitions doing a job for them.
      Apr 15
    • Qualcomm a1$
      OP are you ONLY ambitious about your current work? Do you really have nothing else you want to do that fulfills you?
      Apr 15
  • LinkedIn ex-fb
    I don’t understand the motivation for luxuries beyond a modestly comfortable life —high end cars, hotels, very luxurious houses etc.

    my motivation is to have financial independence so I don’t need to have a high TC job and do something more interesting, and just to feel confident about handling extended bad days like sickness disability.

    I’m actually curious to hear from those, if any, who are driven by the above mentioned luxuries as motivation.
    Apr 155
    • Google Mr. Glass
      Freedom is the true motivation, luxuries are just a trap
      Apr 15
    • LinkedIn ex-fb
      Just curious if there are any who are really motivated by roles watches and Stuff like that, and why?
      Apr 15
    • Castlight Health whaaaaaat
      If freedom is your motivation then just walk away. Plenty of homeless people on the street with real freedom.
      Apr 15
    • LinkedIn ex-fb
      He obviously meant freedom with basic needs.
      What’s your motivation Castlight?
      Apr 15
    • Google Trtle
      I want luxuries and freedom. I’m willing to trade a few years so I can have both.
      Apr 15
  • New
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    nfsmore
    Generally, you would like to save up money for in case you will have a hard time finding a job at your later years ( lets say 40+).
    Other than that, if you can get more money doing the same job, why not?
    That being said, You probably should not focus 100% of your focus on TC, and balance that with other aspects like WLB, growth opportunities in the company, good company culture, etc...
    Apr 152
    • New / Eng🍏 Tim
      OP
      That’s exactly what I mean! Why is it so hard for people to understand?
      Apr 15
    • New
      nfs

      New

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      nfsmore
      Age, culture, environment they grew up in, the environment they are in now, etc...
      Apr 15
  • Adobe Fuhahgaha
    What OP is missing is "how long the current job market will last" worries that average sdes have. 200k was not a humble salary a few years ago. SDEs are trying to put as many eggs in their baskets before winter comes.
    Apr 150
  • OceanX Offermore
    One of the reasons is that you don’t need to keep doing the same till your 60’s. After you have enough money you can do whatever you want, even if it doing nothing.
    Apr 150
  • IBM / Engbbw lover
    The penis measuring contest will go on until one becomes the richest man on this planet. After that they will start a space exploration company like blue origin to measure their dicks against alien species.

    Nothing is ever enough. If we weren't greedy we would have have still been scratching rocks inside caves
    Apr 151
    • Google Mr. Glass
      ^ true story. Greed is good in a system that channels it productively
      Apr 15
  • Facebook QGhE38
    It’s not about TC, it’s about retirement. I can live well enough on a 100k TC, provided that I have my mortgage paid off and I can safely withdraw the 100k every year for the rest of my life.
    Apr 153
    • LinkedIn ex-fb
      Medical needs not covered by insurance you’re screwed up
      Apr 15
    • Facebook QGhE38
      Medical needs not covered by insurance is like an earthquake under your house. Let it be, why bother.
      Apr 15
    • LinkedIn ex-fb
      lol
      Apr 15
  • Amazon weddshsjm
    What is this “pension” you keep talking about? Is this 401k or something else? If so, that’s also related to your TC. I see your point in not being overly greedy but there is nothing wrong in aiming high just so that you can retire early.
    Apr 150
  • SAP kimsoo
    I think people should enjoy life everyday, not working too hard to get more money in first half and try retiring in second half. How do you believe you can live up to second half?
    Apr 157
    • Daimler
      noDoubt

      Daimler

      BIO
      It's not personal. It's just business and I am a businessman man.
      noDoubtmore
      With 300K TC you can do both!
      Apr 15
    • SAP kimsoo
      Not necessarily
      Apr 15
    • New / Eng🍏 Tim
      OP
      Exactly?
      Apr 15
    • Daimler
      noDoubt

      Daimler

      BIO
      It's not personal. It's just business and I am a businessman man.
      noDoubtmore
      I am not bound to my job. Over the last 10 years I have taken two year long sabbaticals where I traveled and worked on things I enjoy. Without high TC I wouldn't have been able to do that.
      Apr 15
    • SAP kimsoo
      Different people define fun things differently. I can travel for 2 years with 100k TC. I can also do the things I like without money or very few money.
      Apr 15
    • Daimler
      noDoubt

      Daimler

      BIO
      It's not personal. It's just business and I am a businessman man.
      noDoubtmore
      If you can do it cheaper more power to you! Money doesn't buy happiness but it sure can make it easier to live, love and laugh.
      Apr 15
    • SAP kimsoo
      That depends how much money. If my TC is 20k or 30k, I may agree with you. But if I live in a Midwest and have 100k TC, I don’t agree with you. 100k is enough for me and more money cannot bring me more happiness.
      Apr 15
  • OceanX Offermore
    You just have to make some (still significant amount) money and then that money will make more money even when you are sleeping so that you don’t have to work till you die.
    Apr 154
    • New / Eng🍏 Tim
      OP
      That can be achieved with 200k after working for 20 years. That means you can retire by your 40s. What’s bad about having 200k? Why to try for more?
      Apr 15
    • Google Mr. Glass
      ^ so that you can get there by 30 and not 40. Don’t you want freedom quicker?
      Apr 15
    • Google bbell_curl
      There is nothing wrong with 200k. 200k is good. There is nothing wrong with 400k. 400k is better. Is that complicated?
      Apr 15
    • Google Mr. Glass
      ^ that’s not the point. Getting to $x quickly is important. X is your freedom number. The recipe to get there quickly is (1) max TC as much as possible, (2) don’t increase x by adding luxurious spending to your lifestyle. Get to x first then decide what you want to upgrade in your life.
      Apr 15
  • Two Sigma not nice
    @glass I know you won’t understand this yet, but as long as you think money is the key to freedom, you are already trapped.
    Apr 153
    • LinkedIn ex-fb
      Let’s be realistic
      If you have to spend 8+ hours a day earning your livelihood, your freedom is limited at least to some extent.
      And the irony of this coming from 2 sigma
      Apr 15
    • Google Mr. Glass
      It kinda is until your house is paid off and you have enough cash flow for food and health
      Apr 15
    • Two Sigma not nice
      2 Sigma is where my mindset shifted. I understand what you both are saying, I used to have the same perspective and was working on FIRE (I think before it was called that). Now I have a different mindset and realistically don’t feel I have to work 8 hours a day to make a living. Of course I still have limits on my freedom, you will too even after paying off your house and having passive cash flow for food and health.
      Apr 15
  • Tesla notElonLol
    To retire at the age of 40
    Apr 150
  • Daimler
    noDoubt

    Daimler

    BIO
    It's not personal. It's just business and I am a businessman man.
    noDoubtmore
    There is no such thing as enough. You have limited time on this earth and you should maximize your earnings so you have the freedom to walk away from any job and do the things you enjoy doing and be as charitable as possible.
    Apr 150
  • PayPal wknu08
    What's the definition of ur average TC!.
    Apr 142
    • New / Eng🍏 Tim
      OP
      An engineer with a couple of yoe will make around 200k. After a couple of years working, they will be able to afford what I’ve mentioned.
      Apr 15
    • ConocoPhillips Duck🦆
      Average at FAANG or hot startup yes
      Apr 15
  • While I’m saving enough money, I do not really know about the future. In 20 years basic income will become an actual policy and in 40 years super intelligence will become a real thing. At that point, money will become worthless.
    Apr 150
  • OceanX Offermore
    Same job*

    I meant you can retire early or go do whatever you want in your life.

    Well in short
    “Financial Independence”
    Apr 151
    • SAP kimsoo
      You have to work hard to make more TC to retire early. You loose more time before you retire. What if you spend much time but cannot get high TC or you get high TC but don’t have chance to retire early?
      Apr 15
  • Expedia Yoyofog
    Same question as above, most companies in the US don't have pensions, and I don't think you can (wisely) use 401k till retirement age
    Apr 150
  • Amazon djeurbkeb
    Early retirement
    Apr 160
  • OceanX Offermore
    And this goes back to the same old thing, “time is more valuable than money”

    This money from your money, buys you time, sort off.
    Apr 150
  • OceanX Offermore
    So this money that your money makes will give you a nice apartment, a nice car, and some very good vacations....

    But not just that this money from money also gives you time to enjoy all the above things
    Apr 150

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