I have 2 mentors. I don't come from a family of means but we got by. One is a Principal Engineer at Amazon and the one is the richest person I have ever known. I mean buys floor seats at the Lakers game like it's nothing. I'm working at a Tier 2 tech company (graduated with BS in CS last year) as an SDE1 making 135K TC. My tech mentor is asking me to Leet my heart out and get into FANG but my money mentor is asking me to read these big financial books. I've tried to make the best of both worlds but I have realized that I'm just half assing on both and not going anywhere. What should I do?
Depends on what you want to become. If you follow a star, you'll at least end up at the moon.
Which mentor are you talking about? đ
How did you acquire these mentors?
One is my uncle's friend and one is an old family friend.
This is a fun question. You need to discover who you are though. Reading books is not gonna get you rich. Your money mentor just tries tell you how to manage money. It is a parallel track.
Why canât you do both... just because you work 40 hours a week doesnât mean your money has to sit in a 401k and a savings account. Get the faang job, live frugally, read some books and invest your money. I donât get why itâs that hard to do both.
I'm actually working close to 60 hours per week. Trying to accelerate my promotion. Living extremely frugally and saving about 50-60% of my salary. I'm not "gifted" and it actually takes me some time to solve the problems. I just feel like if I have to leet my heart out, it'll be at least 4-5 months before I can even be confident enough for a FANG* interview.
The good news is that either are great options. What are you most interested in, success through finance or success through software development? If theyâre your mentors, they should understand your interests are important.
My "passion" or whatever is Software Dev but I grew up in a house where I knew that money was always something that we were worried about. I just want to reach to a place in my life where I'm not worried about daily and monthly expenses.
I donât see how you canât if youâre already making $100k+. People on Blind and in tech can get greedy or have a skewed vision of total comp. Youâre in a lucrative industry so relax and breath. If you grew up poor, you could definitely stand to learn some basic principles of personal finance, since these things are usually taught by parents. From what youâve described, I think prioritize software and and then think of finance as an important hobby. Tell the rich mentor youâre pursuing your passion and want to manage money responsibly. They should understand.
You need enough TC to build wealth from. The more you are earning and can save, the more your money can work for you.
How old is the mentor? Verse Amazon leet?
Rich one: 55ish Amazon: 40
There is no sense to save when you have 5 cents in your pocket. Spend couple years increasing this numbers than start thinking how to make money work
Get the FANG job first, get good income and then worry about how to manage your money later.
Tech Industry
3d
37535
Rivian gonna go under?
Tech Industry
Yesterday
1654
So hard being a women in tech industry
Tech Industry
Yesterday
1168
RIP Lacework
Layoffs
2d
41404
Google CFO confirms 'large-scale' layoffs (Apr 17)
Tech Industry
Yesterday
581
Chances of meta clearing E5 with screwing up one coding one round and acing all other
Depends on if your money mentor grew up with a silver spoon.
Kinda same circumstances I grew up with but he studied finance and started buying houses in his 20s.
Leet, get the job that will give you the money to invest. Then read the financial books to make use of the money.