[Serious] Feeling dejected after seeing the compensations posted here
Jul 17, 2019
26 Comments
Hi,
I’m curious to know if anyone else feels slightly dejected after reading these amazing compensation packages that people post about here.
I’ve always been a competitive person be it sports, advancing my skills, etc so I mostly feel motivated by watching others succeed.
I think I make a decent salary and try to save close to 30% of it but I am not sure what else can I do to achieve what some people here have.
How do you keep yourself motivated and remove this element of comparing yourself with others?
comments
Just like Facebook or Instagram, you’ll only hear about people proud of their compensation, likely the top ones, and you won’t hear about people with average comps.
Additionally most of the high compensations posted here are due to increases in stock prices, wait for the next market crash when everyone will have cheap income and no employers will shell out RSUs.
Social media is pure evil, once you’re done here(got the job, similar such) gtfo.
Once you’re comfortable enough, High TC is only good if you have high ambitions(like $2M vacation home, etc) and you need to put up with the stuff that comes with it.
It's not financially stressful, but if you take the mortgage payment, add in 2 cars (1 is luxury), and then have kids and daycare costs added soon after, there is only 10-35% of income left over to save.
The couple has to choose between retirement savings (mega backdoor Roth) and down payment savings. The house is in San Jose not MV. The mortgage is $1M and could go underwater.
Good example
Essentially , ongoing living costs combined with not super high salary